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2011 Kentucky Derby Odds Update: Dialed In Still Favored, Pants On Fire Closing

The morning betting influences the Kentucky Derby odds and the lines are still shifting with just a few hours to go until post time. Dialed In opened as the morning line favorite and remains the favored horse, though a few others are creeping up thanks to heavy action.

If you’re wondering what this all means, check out the handy guide to horse racing betting from Matt Garnder. You’ll find out how to bet, what the terminology means and how to pick a winning horse.

Pants on Fire is at 7-1 in the odds, just behind Dialed In. Rosie Napravnik will be aboard Pants on Fire and is seeking to become the first woman to win the Kentucky Derby in the 137th running of the race. Midnight Interlude, a Bob Baffert horse, is also near the top at 8-1 odds. Close-behind is Mucho Macho Man at 9-1.

It’s clear many are betting with their heart more than anything else. Dialed In is the obvious choice and Pants on Fire, while excellent, also has the great story noted above. Midnight Interlude also has name recognition with Bob Baffert.

But the biggest surprise, as we noted on Friday, is the movement Twice the Appeal has seen. The horse itself hasn’t drawn many accolades, but bettors seem to love Calvin Borel. After opening with long odds, Twice the Appeal is down to 10-1, placing it among the favorites in the Kentucky Derby.

Here is an update on a few of the favorites for Saturday’s race at Churchill Downs.

Dialed In 5-1
Pants on Fire 7-1
Midnight Interlude 8-1
Mucho Macho Man 9-1
Twice the Appeal 10-1
Nehro 10-1
ArchArchArch 13-1
Master of Hounds 13-1
Soldat 14-1
Stay Thirsty 15-1

The Kentucky Derby gets underway on Saturday at Churchill Downs. Stay with our 2011 Kentucky Derby StoryStream for previews, odds and analysis up to and throughout the derby. For more on the race, head over to SB Nation's Kentucky Derby StoryStream or check out And Down The Stretch They Come.