Jockey John Velazquez, atop Always Dreaming #5, celebrates with trainer Todd Pletcher after winning the 143rd running of the Kentucky Derby at Churchill Downs. Getty

With the post positions to be drawn on Wednesday, Always Dreaming remains the clear favorite Tuesday heading into the Preakness Stakes. The Kentucky Derby winner has 10/11 odds to win Saturday's race and his odds to win the Triple Crown are 11/4 compared to 2/9 to lose, according to betting side Bovada.

In a routine 1 1/2-mile gallop Tuesday, trainer Todd Pletcher said "everything went very smoothly" for Always Dreaming and that he had "good energy" and "was moving really well."

Classic Empire remains a distant second to win at Pimlico Race Course, with betting odds of 15/4. Trained by Mark Casse, Classic Empire finished fourth after a poor start at Churchill Downs and his right eye was three-quarters closed the next day due to inflammation. His eye was fine five days later, according to Casse.

Renewed optimism surrounds Classic Empire's chances in Baltimore. Norman Casse, the son of Mark Casse and the chief assistant, said everything about Classic Empire is perfect and that "all signs show that he's going to run a really good race."

After Classic Empire, the closest contenders look a lot less likely to pull off a victory. Lancaster Bomber (10/1), Looking at Lee (11/1) and Gunnevera (12/1) round out the top five.

Absent from the Preakness contenders is McCracken. With the fourth-best odds to win the Kentucky Derby, McCracken ended up finishing eighth—13 1/4 lengths behind Always Dreaming. McCracken will also skip the Belmont Stakes on June 10.

Complete Preakness Betting Odds (Bovada)

Always Dreaming 10/11

Classic Empire 15/4

Lancaster Bomber 10/1

Looking at Lee 11/1

Gunnevera 12/1

Hence 14/1

Conquest Mo Money 16/1

Cloud Computing 22/1

Multiplier 25/1

Senior Investment 33/1

Term of Art 33/1