Live streaming of the 2012 Kentucky Derby begins at 4 p.m. ET on Saturday, May 5, at NBCSports.com.
The 138th edition of the race is not scheduled to begin until 6:24 p.m. ET, but NBC's coverage also includes a Red Carpet Special beginning at 4 p.m. and pre-race coverage beginning an hour later.
As of Saturday morning on the day of the race, odds-makers listed Bodemeister the favorite at 4-1 odds with Union Rags slightly behind at 9-2. Live Kentucky Derby betting odds can be found at KentuckyDerby.com.
If you prefer to watch on television, the coverage begins with the Kentucky Derby Undercard at 11 a.m. on NBC Sports Network. The Undercard continues until 4 p.m., at which time coverage flips over to NBC for the Red Carpet Special and pre-race coverage.