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2012 Kentucky Derby: Preview And Schedule

The 138th Kentucky Derby starts on Saturday May 5.

LOUISVILLE, KY - APRIL 30:  Creative Cause is riden on the track during the morning excercise session in preparation for the 138th Kentucky Derby at Churchill Downs on April 30, 2012 in Louisville, Kentucky.  (Photo by Matthew Stockman/Getty Images)
LOUISVILLE, KY - APRIL 30: Creative Cause is riden on the track during the morning excercise session in preparation for the 138th Kentucky Derby at Churchill Downs on April 30, 2012 in Louisville, Kentucky. (Photo by Matthew Stockman/Getty Images)
Getty Images

The event known as the "Most Exciting Two Minutes in Sports" is right around the corner and this year's Kentucky Derby will feature at least two powerful horses gifted enough to earn the right to be called the betting favorite. While the official favorites won't be known until Wednesday's gate draw, the 138th Kentucky Derby features Bodemeister and Union Rags, who experts expect to draw the most action before Saturday's race.

Union Rags is a three-year old Colt, who disappointed by finished in third place at the Florida Derby. The Colt will be ridden by jockey Julien Leparoux on Saturday.

The schedule for Saturday, May 5 is as follows:

9:30 a.m. ET: Kentucky Derby Undercard on HRTV and NBC Sports Network

4:00 p.m. ET: Kentucky Derby Red Carpet Special on NBC

5:00 p.m. ET: 138th Kentucky Derby on NBC

For more on the Kentucky Derby, follow SB Nation's Storystream for the Run of the Rose at Churchill Downs.