Kentucky Derby 2016: Post Time, Race Schedule and Latest Prize Money Info

The Kentucky Derby provides so much promise every year as the first jewel of the Triple Crown.

For owners, trainers and jockeys alike, there is the prospect of joining elite company in horse racing history while being draped in a blanket of roses. For fans and viewers, it is the starting point of spring and one of the most exciting moments in sports. 

But there's also some major money on the line, as betting and prize money add a big incentive to Saturday's race. 

Fans will pay close attention to the morning line and the post positions for the 6:34 p.m. ET race, via Odds Shark:

Post Position	Horse	Odds
1	Trojan Nation	66-1
2	Suddenbreakingnews	20-1
3	Creator	12-1
4	Mo Tom	22-1
5	Gun Runner	9-1
6	My Man Sam	20-1
7	Oscar Nominated	66-1
8	Lani	28-1
9	Destin	14-1
10	Whitmore	18-1
11	Exaggerator	15-2
12	Tom's Ready	40-1
13	Nyquist	3-1
14	Mohaymen	8-1
15	Outwork	16-1
16	Shagaf	28-1
17	Mor Spirit	14-1
18	Majesto	33-1
19	Brody's Cause	14-1
20	Danzing Candy	20-1

The horses are also poised to win some major money with good showings at the Derby on Saturday, per the official Kentucky Derby website.

Kentucky Derby Prize Money

1st Place: $1.24 million

2nd Place: $400,000

3rd Place: $200,000

4th Place: $100,000

5th Place: $60,000

When it comes to money already earned, race favorite Nyquist has far outearned any of the other horses in the field. 

With seven wins in seven career races, Nyquist has earned over $3.3 million in just two years of competition. It's about double the earnings of the race's second-favorite horse, Exaggerator, at $1.67 million. 

He's also been more successful than last year's Triple Crown winner, American Pharoah, who was 4-1 in five starts before the Kentucky Derby. 

If that suggests anything, then Nyquist is poised to make a serious run at becoming the 13th horse to ever win the Triple Crown. 

Stats courtesy of Equibase Company.