2012 Preakness: Union Rags Will Skip Race

With one-third of the Triple Crown already in the books, the racing world prepares for the 2012 Preakness Stakes, which will take place on Saturday, May 19. While there is still a chance that a horse could move one step closer to the elusive Triple Crown, one of the favorites will be missing the Preakness altogether.

Rick Snider of the Washington Examiner reports that Union Rags will be skipping the Preakness. Union Rags had been a heavy favorite at the Kentucky Derby before a disappointing finish out of the top five.

I'll Have Another, Saturday's winner at Churchill Downs, will likely see a bump in his odds from the bookmakers, as will Bodemeister, who remains a favorite heading into the second leg of the Triple Crown.

For more on the Preakness, stay tuned to this StoryStream or check out SB Nation's horse racing blog And Down The Stretch They Come. There, you'll also find a A Beginner's Guide To Following Horse Racing and a glossary of horse racing terms.

Check out the SB Nation Channel on YouTube

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