The annual running of the Preakness Stakes will take place on Saturday afternoon from beautiful Pimlico. The sun is shining, the horses are ready and the gamblers are hoping to cash in big with their picks. I'll Have Another won the Kentucky Derby two weekends ago and will be looking to claim yet another leg of the Triple Crown, which is one of the most illusive titles in sports history.

Bodemeister is the favorite to win today at 7/4 odds. I'll Have Another is currently listed at 5/2, while Went the Day Well is at 6/1.

With the start of the race just a few hours away, here are the updated odds for the field, courtesy of Odds Shark.

Post Position - Horse - Morning Line
1 - Tiger Walk - 33/1
2 - Teeth of the Dog - 15/1
3 - Pretension - 33/1
4 - Zetterholm - 22/1
5 - Went The Day Well- 6/1
6 - Creative Cause - 7/1
7 - Bodemeister - 7/4
8 - Daddy Nose Best - 14/1
9 - I'll Have Another- 5/2
10 - Optimizer - 33/1
11 - Cozzetti - 33/1

For complete coverage of the 2012 Preakness Stakes, be sure to check out SB Nation's horse racing blog And Down The Stretch They Come.