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Preakness 2016 post positions draw: Time and TV schedule

Find out who will race in the 141st Preakness and where they'll start on Saturday.

Note: If you are having trouble finding the stream, try this. We'll be updating our live post with the results of the draw as well.

The field for the 2016 Preakness Stakes will finally be set on Wednesday morning, hours before the post position draw and the morning line odds are known. Up to 14 of the world's top 3-year-old colts can enter the $1.5 million, Grade I race, but the field isn't finalized until the morning of the draw.

The draw will not be televised, but you can stream it at 5 p.m. ET on Daily Racing Form's site, DRF.com. Nyquist is a huge favorite ahead of the morning line odds being set, with betting odds at 5-7.

Kentucky Derby winner Nyquist will be there. Trainer Doug O'Neill's charge arrived at Pimlico Race Course earlier in the week to be familiarized with the track and settle in ahead of the second jewel of the Triple Crown. Exaggerator, trained and jockeyed by brothers Keith and Kent Desormeaux, has arrived in Baltimore, as well. Exaggerator ran out of room as he attempted to catch Nyquist down the stretch at Churchill Downs, finishing a strong second.

We also know that Gun Runner will not run in the Preakness. Trainer Steve Asmussen told Blood-Horse on Tuesday that the Derby's third-place finisher will skip the 1-3/16 mile Preakness. It is common for Kentucky Derby contenders to skip straight to the Belmont, resting for the five weeks in between the races.

That leaves Lani as the only other expected Derby contender to race in the Preakness. The Japan-based horse and winner of the UAE Derby finished ninth in the Kentucky Derby. He's best known for being a temperamental colt.

Among the newcomers are Cherry Wine, trained by Dale Romans, and Laoban, trained by Eric Guillot. Cherry Wine has one win to his name and finished third at the Grade 1 Blue Grass Stakes in April. Laoban is winless in six starts. He finished fourth at the Blue Grass Stakes. Both were among the list of horses eligible for the Kentucky Derby if there were scratches in the field, but there were not.

Unlike at the Kentucky Derby, there's no real disadvantage to starting on the inside with the smaller field of the Preakness. Last year's Triple Crown winner, American Pharoah, broke from the first position. A year before that, California Chrome came out of the third spot. During the past 15 years, every position but No. 2 has had at least one winner with only the sixth and seventh spots having more at two wins apiece.

Preakness Post Draw

When: 5 p.m., Wednesday

TV: Not televised

How to watch: Streaming via DRF.com

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