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The 149th Preakness Stakes will run this Saturday, and eight horses are set to challenge for the winner's circle. One of those horses is Kentucky Derby winner Mystik Dan, and he will face stiff competition as he tries to secure the second leg of the Triple Crown.

Despite his win at Churchill Downs a couple weeks ago, Mystik Dan wasn't initially the favorite to win the Preakness Stakes. That distinction belonged to Muth, trained by Bob Baffert, but the horse was scratched earlier this week due to an elevated temperature.

Now, Mystik Dan is the favorite at 5/2 odds, but there are still a few more contenders in the field. Another Baffert-trained horse, Imagination, is in the mix with 6-1 odds after finishing second at the Santa Anita Derby.

Trainer Ken McPeek remains confident in Mystik Dan ahead of the second straight massive race in just three weeks.

Catching Freedom, the fourth-place finisher at the Kentucky Derby is also among the favorites with 7/2 odds. Rounding out the top of the field is Tuscan Gold (9/2), trained by Chad Brown, who has been to the winner's circle at Pimlico twice in his career already.

Let's take a closer look at how you can watch the race and all the info you'll need for race day in Baltimore.

How to watch the 2024 Preakness Stakes

Date: Saturday, May 18 | Time: 7:01 p.m. ET
Location: Pimlico Race Course -- Baltimore, Maryland
TV: NBC | Live stream: fubo (try for free)

2024 Preakness Stakes odds, post positions

1. Mugatu (20-1)
2. Uncle Heavy (20-1)
3. Catching Freedom (6-1)
4. Muth (scratched)
5. Mystik Dan (5-2)
6. Seize the Grey (15-1)
7. Just Steel (15-1)
8. Tuscan Gold (8-1)
9. Imagination (6-1)

Where is the Preakness Stakes?

The Preakness Stakes is run at Pimlico Race Course in Baltimore, Maryland.

How long is the Preakness Stakes?

The track at the Preakness Stakes is 1 3/16 miles long, which makes it just shorter than the Kentucky Derby.

So who wins the 2024 Preakness Stakes? Where does Mystik Dan finish? And how has Yu constructed her wagers? Visit SportsLine to see Yu's picks for the Preakness Stakes, all from the Santa Anita Park-based racing insider who has hit the exacta in the Preakness Stakes the last two years, and find out.