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

Though he's only had two career starts, Not This Time colt's Kentucky Derby day allowance race victory earned a highe Speed Figure than Derby winner Sovereignty.

The Kentucky Derby runner-up draws the No. 2 post position in a field of nine. No. 7 Sandman is the 4-1 second choice in a race that will not include Derby winner Sovereignty.

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.

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