Here are the key odds for the 2025 Kentucky Derby horses as of the latest updates:

• Journalism is the morning-line favorite with odds around 3-1 to 8-5, depending on the source, and is expected to be the top contender

• Sovereignty is another strong contender with odds around 5-1 to 9-1

• Sandman is also highly regarded with odds near 5-1 to 6-1

• Baeza and Burnham Square have mid-range odds around 12-1

• Luxor Cafe is listed at about 15-1

• Several horses have longer odds, including Citizen Bull (13-1 to 20-1), Final Gambit (17-1 to 30-1), and many others at 20-1 or higher

Some horses have been scratched from the race, such as Rodriguez and Grande

. The full field consists of about 20 horses with odds varying widely, reflecting the competitive nature of the race. The odds are subject to change as the race approaches and betting action progresses

. In summary, Journalism is the clear favorite, followed by Sovereignty and Sandman as the main challengers, with a wide range of longshots filling out the field