The Factor, a Bob Baffert trainee and the impressive winner at Oaklawn Park in the Rebel Stakes last time out, will lead a full field of thirteen three-year-old colts in Saturday's Grade 1 Arkansas Derby (Post time: 5:58 Central time). With a total purse of $1 million, the winner of the Arkansas Derby will have enough graded earnings to guarantee a spot in the 2011 Kentucky Derby. Horses finishing second or third will likely be on the bubble, depending on earnings in prior races.
Alternation received a lot of wagering dollars prior to the Rebel Stakes, but had to scratch from that race after becoming agitated in the starting gate.
Below are the entries and post positions for Saturday's Arkansas Derby (Note: Caleb's Posse and Alternation are a coupled entry; horses listed in order of post position):
| # | Horse | Jockey | Trainer | ML |
| 2 | Nehro | C. Nakatani | S. Asmussen | 5/1 |
| 3 | Elite Alex | C. Borel | T. Richey | 8/1 |
| 4 | The Factor | M. Garcia | B. Bafffert | 7/5 |
| 5 | Brethren | R. Dominguez | T. Pletcher | 10/1 |
| 6 | Sway Away | P. Valenzuela | J. Bonde | 6/1 |
| 1 | Caleb's Posse | E. Razo, Jr. | D. Von Hemel | 10/1 |
| 7 | Truman's Commander | I. Ocamp | N. Zito | 30/1 |
| 1a | Alternation | L. Quinonez | D. Von Hemel | 10/1 |
| 8 | Dance City | J. Castellano | T. Pletcher | 15/1 |
| 9 | Archarcharch | J. Court | W. Fires | 12/1 |
| 10 | J P's Gusto | M. Berry | J. Petalino | 15/1 |
| 11 | J W Blue | J. Rocco, Jr. | A. Dutrow | 30/1 |
| 12 | Saratoga Red | T. Thompson | D. Lukas | 30/1 |
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