05/04/2012 6:40PM

2012 Kentucky Derby: Union Rags early favorite; Oaks/Derby daily double will pays

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LOUISVILLE, Ky. - At 6-1, Union Rags is a slight favorite for Saturday’s 138th Kentucky Derby through 7:20 p.m. Eastern on Friday. The total includes only money bet ontrack at Churchill Downs. The pool was $108,501.

Take Charge Indy, the Florida Derby winner, and Hansen, the Breeders’ Cup Juvenile winner, are listed at 7-1. Bodemeister, the Arkansas Derby winner, and Gemologist, undefeated winner of the Wood Memorial, are both listed at 8-1.

[KENTUCKY DERBY: Past performances, video previews, latest news]

Union Rags is a stronger favorite in the Kentucky Oaks/Kentucky Derby daily double wager, which got started Friday when Believe You Can, a 13-1 shot who returned $29.60, won the Oaks. A Believe You Can/Union Rags double would return $208.20.

The pool for the Oaks/Derby double was $2,351,411.

The complete set of early Derby odds are in parentheses followed by the double will pays:

1. Daddy Long Legs: (26-1); $1,788.60

2.Optimizer: (31-1); $2,415

3. Take Charge Indy: (7-1); $617.20

4. Union Rags: (6-1); $208.60

5. Dullahan: (10-1); $370.60

6. Bodemeister: (8-1); $276.20

7. Rousing Sermon: (18-1); $2,436.60

8. Creative Cause: (12-1); $389.60

9. Trinniberg: (40-1); $2,239.80

10. Daddy Nose Best: (14-1); $483.20

11. Alpha: (22-1); $537.80

12. Prospective: (69-1); $2,588.60

13. Went the Day Well: (20-1); $867.30

14. Hansen: (7-1); $662

15. Gemologist: (8-1); $338

16. El Padrino: (34-1); $937.20

17. Done Talking: (34-1); $2,735.80

18. Sabercat: (39-1); $1,676.20

19. I’ll Have Another: (17-1); $731.20

20. Liaison: (60-1); $3,224.60