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Preakness Post Draw: Updated Odds, Animal Kingdom Still Heavy Favorite

The post draw for the 2011 Preakness Stakes will take place at approximately 5:00 p.m. ET / 2:00 p.m. PT and will be broadcast live on (subscription required). The draw for post position is obviously a big factor in the race and as such we would expect to see some changes in the betting odds after the field is set.

Currently the five horses that ran in the 2011 Kentucky Derby sit at the top of the favorites list. The Derby winner, Animal Kingdom, is enjoying the benefits of name recognition and the thrill people have in betting on a potential Triple Crown winner. At 2/1 you would think this horse is all but a lock to win but that's far from the case. 

The value bets come further down the field. Here's the odds (via Bodog) for the full field of contenders before the post position draw. We will update after the draw on Wednesday afternoon.

(1) Animal Kingdom 2/1
(2) Dialed In 5/1
(4) Mucho Macho Man 5/1
(5) Shackleford 8/1
(12) Dance City 9/1
(3) Midnight Interlude 14/1
(8) Flashpoint 14/1
(10) Sway Away 16/1
(6) Astrology 18/1
(9) Mr. Commons 20/1
(13) Concealed Identity 25/1
(7) King Congie 25/1
(11) Norman Asbjornson 30/1
(14) Isn't He Perfect 40/1