2009 Preakness Stakes Odds: Rachel Alexandra favorite

It appears that filly Rachel Alexandra, winner of the Kentucky Oaks, will get her chance to run in the 2009 Preakness Stakes on Saturday and oddsmakers at Sportsbook.com have installed the three year old as race favorite at -125 odds.

Owner Jess Jackson had to pay a $100,000 fee to get Rachel Alexandra entered into the Preakness as she went unnominated for the Triple Crown races by previous owners Ahmed Zayat, Mark Allen and Marylou Whitney.

[2009 Preakness Stakes odds are available right here at Sportsbook.com. Make Sportsbook your betting home for all Triple Crown races.]

The Preakness is limited to a 14 horse field and if more than 13 Crown nominees are entered Wednesday (May 13) Rachel Alexandra will not be allowed to enter.

Zayet, who also owns Pioneerof the Nile had earlier considered entering as many horses as possible to keep Rachel Alexandra from running in the Preakness. For now it seems Zayet and his team are going to honor their word and only enter Pioneerof the Nile and no other horses.

In another twist, Kentucky Derby winning jockeye Calvin Borel, by contractual agreement, will be riding Rachel Alexandra in the Preakness and not Mine that Bird, the Kentucky Derby winning colt. Borel also jockeyed Rachel Alexandra in the Kentucky Oaks. Borel considers the filly as the best thoroughbred horse in America. With Borel riding Rachel Alexandra, jockeye Mike Smith is expected to ride Mine That Bird, whom has the second best odds on the Sportsbook.com Preakness board at +300.

Odds to win 2009 Preakness Stakes. (May 16, 2009, 6 p.m. ET) Sportsbook.com.

Big Drama +1500
Conservative +1200
Flying Private +1500
General Quarters +700
Hull +1200
Mine That Bird +300
Musket Man +500
Papa Clem +600
Pioneerof The Nile +500
Rachel Alexandra -125
Take The Points +1500
Terrain +2500
Tone It Down +5000