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Watch The Preakness Stakes Online: Free Streaming Coverage Begins At 4:30pm EDT

Coverage of the 137th Preakness Stakes will be available online, so everyone will be able to tune in for I'll Have Another's bid at advancing closer to the Triple Crown. That's an achievement that has eluded anyone in horse racing since 1978. I'll Have Another was over to overcome Bodemeister at the Kentucky Derby, and he'll have to do so again in the Preakness.

Bodemeister is the odds-on favorite as he was in Kentucky, with odds currently at 7/4. Odds for I'll Have Another are at 5/2. They both drew favorable post positoins, with Bodemeister at number seven and I'll Have Another in ninth. That should help both avoid the fate that befell Derby contender Union Rags, who was stuck in traffic at the rail and was unable to factor into the finish. Union Rags is sitting the Preakness out. Other horses to watch on Saturday are Went The Day Well, with odds of 6/1, and Creative Cause, with odds of 7/1.

Online coverage begins at 4:30pm EDT (1:30pm PDT) over at NBC Sports.

Stick with this storystream for updates and results from the 2012 Preakness. SB Nation's horse racing blog And Down The Stretch They Come is your full-time source for horse racing news and analysis.