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Although early favorites, including Kentucky Derby winner Sovereignty and the Bob Baffert-trained Rodriguez, have withdrawn from the race, a strong group of contenders remains. Baffert is still aiming for his ninth Preakness victory with a horse named Goal Oriented, who has drawn post position No. 1.

The Kentucky Derby betting favorite on May 3 is the morning-line favorite for the Preakness Stakes on Saturday. But the colt that won the Kentucky Derby isn’t at the Preakness Stakes.

Beaten by Sovereignty in the Kentucky Derby, Journalism is favored to get the job done in the 150th running of the Preakness Stakes.

Kentucky Derby winner, Sovereignty, will not participate in the Preakness Stakes, the second leg of the Triple Crown.

Sovereignty, the winner of the 2025 Kentucky Derby, will not race in the Preakness Stakes in Baltimore next week, meaning there will not be a Triple Crown winner for the seventh year in a row.