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Kentucky Derby 2012 Odds: Bodemeister Odds-On Favorite At 4-1, Daddy Knows Best Close Behind

The newest 2012 Kentucky Derby odds have been released, and a horse with Arizona ties leads the way. Bodemeister is owned by Bob Baffert, who was born in Southern Arizona, and he currently seems like the favorite to win this contest.

Bodemeister, who recently won the Arkansas Derby, is the favorite so far with 4-1 odds. Bodemeister is joined by Union Rags, who is slightly behind at 9-2 odds.

The other two horses aren't quite in such good shape. Daddy Nose Best is stuck at 15-1, which places him in the upper tier overall. Liaison (another Baffert-owned horse) is a 50-1 longshot, so if you really want to go high on a horse that probably doesn't have a shot, there's the one.

For more on the race, be sure to follow the SB Nation Arizona StoryStream through out the week for complete coverage of the running of the 138th Kentucky Derby.

You can find much more information on the official Kentucky Derby website.

Check out the SB Nation Channel on  YouTube