2012 Kentucky Derby Odds - The betting odds on the Kentucky Derby 2012 contenders

 It's this time of the year again - preparation for the 2012 Kentucky Derby and here one can find the latest odds on the Kentucky Derby this year, as well as the top contenders for the Roses. As with most popular betting events, the 2012 Kentucky Derby is best bet when you lock in the early odds, which always offer the best bang for your buck.  No difference with the 2012 Kentucky Derby odds, the sports betting websites are once again offering big returns, even on the top three contenders for the Run for the Roses. Here are the very latest 2012 Kentucky Derby odds, as posted by the popular horse racing book Bovada (formerly Bodog):

 2012 Kentucky Derby Odds (click here to bet them)

UNION RAGS - 7/2

GEMOLOGIST - 7/1

HANSEN - 8/1

CREATIVE CAUSE - 10/1

EL PADRINO - 10/1

I'LL HAVE ANOTHER - 10/1

ALPHA - 12/1

TAKE CHARGE INDY - 12/1

SECRET CIRCLE - 15/1

BODEMEISTER - 20/1

WENT THE DAY WELL - 20/1

DADDY NOSE BEST - 24/1

DULLAHAN - 25/1

DADDY LONG LEGS - 30/1

DONE TALKING - 30/1

MARK VALESKI - 30/1

EVER SO LUCKY - 35/1

LIAISON - 35/1

OPTIMIZER - 35/1

PROSPECTIVE - 45/1

SABERCAT - 45/1

HOLY CANDY - 50/1

ISIN'T HE CLEVER - 60/1

ROUSING SERMON - 60/1

EXOTHERMIC - 75/1

REVERON - 75/1

WROTE - 75/1

BLINGO - 85/1

GOLDEN TICKET - 85/1

TRINNIBERG - 85/1

CASTAWAY - 100/1

STIRRED UP - 100/1

SCATMAN - 125/1

STAT - 125/1

SUMMER FRONT - 125/1

Z Dager - 200/1

 As we can see from the 2012 Kentucky Derby odds posted by the bookmakers, we already have three clear favorite contenders to win the first leg of the Triple Crown, but even the top favorite, Union Rags, is still paying out on great odds, 7/2. For those knew to wagering, the 7/2 odds will pay $700 for every $200 bet, something impossible to see on a Kentucky Derby favorite once the race comes closer to start. Other contenders pay on even better odds, thus we remind our readers once again the importance of locking in the Derby betting odds as early as possible to secure the best return of the bet.

 We will also preview the top Kentucky Derby contenders for the 2012 race in depth on our upcoming articles, as well as look at the odds of winning not only the Kentucky Derby by the Triple Crown, as well. Some great odds and prop bets there, as well. But let's quickly look at the top 2 Kentucky Derby 2012 contenders.

 Starting with the ultimate favorite, Union Rags, which pays out on 7/2 odds to win the Kentucky Derby, the closes second paying double that price. The latest race of the horse was on March 31st, when Union Rags finished 3rd in the Florida Derby, a Grade I 1 1/8 mile race at Gulfstream Park. Only five days prior Union Rags won the Fountain of Youth at the same racecourse and placed second at the Breeders' Cup Juvenile last November. Jockey is the two time Eclipse champion Julien Leparoux and the trainer Michael Matz already has a Kentucky Derby winner, Barbaro in 2006, and according to the odds he is on his way to grab a trophy for the 2012 as well.

 Competition to Union Rags, according to the sportsbooks, will come mainly from Gemologist, a 7/1 odds holder at Bovada to win the 2012 Kentucky Derby. Not much racing history for Gemologist - just won the Wood Memorial at the Aqueduct on April 7th and has one other victory, winning the Kentucky Jockey Club last November at Churchill Downs. But with Todd Pletcher as its trainer, Gemologist certainly has the chance to take on the rest for the 138th Kentucky Derby. Gemologist jockey will be Javier Castellano, who has victories at the Breeders' Cup and the Preakness under his belt.

 Check back with us for the complete preview of the top 2012 Kentucky Derby contenders. We also recommend that you bookmaker this page to keep tabs on the latest Kentucky Derby odds, as we will change them as soon as the odds makers update their predictions.