Kentucky Derby winner, Sovereignty, will not participate in the Preakness Stakes, the second leg of the Triple Crown.

The Kentucky Derby betting favorite on May 3 is the morning-line favorite for the Preakness Stakes on Saturday. But the colt that won the Kentucky Derby isn’t at the Preakness Stakes.

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Though he's only had two career starts, Not This Time colt's Kentucky Derby day allowance race victory earned a highe Speed Figure than Derby winner Sovereignty.

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Eclipse Thoroughbred Partners, Bridlewood Farm, Don Alberto Stable, Robert LaPenta, Elayne Stables 5 LLC, Journalism looms as a strong favorite for Saturday’s 150 th Preakness Stakes (G1) at Pimlico Race Course in Baltimore,