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Kentucky Derby 2016: Morning line odds, entries, post positions

We're that much closer to Saturday's Kentucky Derby after the post position draw on Wednesday night and Churchill Downs handicapper Mike Battaglia released morning line odds on the 142nd running of the Derby.

Nyquist is the favorite at 3-to-1, with Exaggerator the only other horse under 10-to-1. He's listed at 8-to-1, then three other horses are listed at 10-to-1. There are 20 total entries in the field with two reserves, and five horses are listed at 30-to-1 or higher.

MORE: Biggest Kentucky Derby long shots to win | Derby records, leaders

Remember, horse racing betting at the track is parimutuel, which means bettors aren't wagering against the house or track, but against each other, so these numbers could change plenty between now and post time (6:30 p.