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Preakness: How to watch, the favorites and what to expect in the second leg of the Triple Crown

FILE - A crew works on putting up a platform near the main entrance at Pimlico Race Course, May 15, 2020, in Baltimore. The storied but decaying home of the second jewel of the Triple Crown, Pimlico Race Course, is finally on the verge of much-needed repairs. The Preakness on Saturday, May 18, 2024 will be the last before work begins, with the race in 2025 set to be run mid-construction before moving to Laurel Park in 2026 and returning. (AP Photo/Julio Cortez, File)
Julio Cortez/AP
/
AP
FILE - A crew works on putting up a platform near the main entrance at Pimlico Race Course, May 15, 2020, in Baltimore. The storied but decaying home of the second jewel of the Triple Crown, Pimlico Race Course, is finally on the verge of much-needed repairs. The Preakness on Saturday, May 18, 2024 will be the last before work begins, with the race in 2025 set to be run mid-construction before moving to Laurel Park in 2026 and returning. (AP Photo/Julio Cortez, File)

The Preakness Stakes will have a Triple Crown possibility on the line when Kentucky Derby winner Mystik Dan runs in the field of nine horses on Saturday in the 149th rendition of the race.

Mystik Dan is coming off winning the Derby by a nose in that race's closest finish since 1947. Bob Baffert-trained Muth and Imagination and Brad Cox's Catching Freedom appear to be the most formidable challenges in the second leg of horse racing's Triple Crown.

When is the race?
Post time for the Preakness is 6:50 p.m. Eastern on Saturday.

What’s the forecast?
Rain overnight Friday and throughout Saturday, making a sloppy, muddy track a strong possibility. It's expected to be about 68 degrees Fahrenheit (20 Celsius) when the horses leave the starting gate.

How to watch:
Coverage begins at 4:30 p.m. Friday, headlined by the Black-Eyed Susan Stakes for 3-year-old fillies just before 6 p.m. (available on Peacock). Coverage Saturday starts with undercard races beginning at 1:30 p.m. (CNBC, Peacock). The broadcast shifts to NBC at 4:30 p.m., with NBC Sports Audio (channel 85 on SiriusXM radio and the SiriusXM app) also beginning at that time. Telemundo Deportes will have Derby coverage in Spanish starting at 6:30 p.m. on Universo, and streaming on TelemundoDeportes.com and the Telemundo app.

What to watch:
The Preakness has long been just as much a party as an American classic horse race. The infield, a scene that varies from Kentucky Derby-esque with fancy dresses, hats and cocktails to a concert stage and food and beer stands, will also have a post-race performance by Jack Harlow.

Who are the favorites?
Muth, who was ineligible to run in the Derby because of Churchill Downs' ban on Baffert, opened as the 8-5 favorite. Mystik Dan (the 5-2 second choice) is the first Derby winner since 2012 not to be favored in the Preakness. Imagination and Catching Freedom are each 6-1.

What does the winner get?
The purse was upped this year to $2 million from $1.5 million, with the winner also taking home the Woodlawn Vase.

Go deeper:
Horse racing continues to try to find solutions to a spate of deaths that stunned the sport last year, including one trained by Baffert who died at Pimlico hours before National Treasure gave him a record-breaking eighth Preakness victory. The sport is at a crossroads because of safety questions and with reforms already underway, and Pimlico and Belmont Park are being torn down and rebuilt in the coming years as state-of-the-art facilities. And while racing is trying to adapt to the modern era with smaller tracks, viewership is still strong for the big days, including the biggest TV audience for the Kentucky Derby in 35 years. Those viewers watching from afar or at Churchill Downs saw jockey Brian Hernandez Jr. deliver a flawless, rail-skimming ride to get Mystik Dan to the finish line just ahead of Sierra Leone and Forever Young. He will look for a second victory in a Triple Crown race back aboard in the Preakness.