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Kentucky Derby odds: American Pharoah the betting favorite at 3-1

American Pharoah remains the betting favorite to win the 2015 Kentucky Derby with 3–1 odds
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American Pharoah remains the betting favorite to win the 2015 Kentucky Derby with 3-1 odds, according to the race's official odds.

Before post positions were announced, American Pharoah had 9–4 odds, but the horse drew the No. 18 post position on Wednesday and moved to 5–2 odds. After International Star became the latest horse to scratch from the race, American Pharoah moved up to 3-1.

Dortmund, which is in Gate 8 and has the second-best odds to win the race, saw its odds move from 5–1 on Friday up to 4-1 on Saturday morning.

The 141st Kentucky Derby will occur on Saturday at Churchill Downs in Louisville, Ky. 

For more on the race, check out SI.com's Tim Layden's Kentucky Derby picks and story on the uncertain future of last year's winner, California Chrome.

Here are the complete odds from KentuckyDerby.com.

Current Odds

Last Updated: 12:15 am, Saturday

American Pharoah: 3–1

Dortmund: 4–1

Carpe Diem: 7–1

Firing Line: 8–1

Frosted: 9–1

Mubtaahij: 12–1

Materiality: 14–1

Danzig Moon: 20–1

Upstart: 21–1

El Kabeir: 22–1

OchoOchoOcho: 24–1

Itsaknockout: 29–1

Mr. Z: 30–1

Bolo: 33–1

Far Right: 37–1

Keen Ice: 37–1

War Story: 41–1

Tencendur: 57–1

Frammento: 96–1