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Union Rags, runner-up in the 2011 Breeders' Cup Juvenile and the winner of the Grade 2 Fountain of Youth, will face off against Risen Star winner El Padrino in Saturday's $1 million Grade 1 Florida Derby at Gulfstream Park (Post time: 5:40pm Eastern; TV: NBC SportsNetwork). Overall, nine colts are entered in the Florida Derby, including: Fountain of Youth runner-up News Pending, Sam F. Davis show horse, Reveron, and the maiden Z Camelot from the barn of Dale Romans.
The Florida Derby is run at nine furlongs on the main track. The $1 million purse guarantees the winner enough graded earnings to enter the 2012 Kentucky Derby on the first Saturday in May.
Below are the entries, post positions and morning line odds for Saturday's Florida Derby
| PP | Horse | Jockey | Trainer | ML |
| 1 | Fort Loudon | L. Jarado | S. Gold | 20/1 |
| 2 | News Pending | R. Maragh | D. Romans | 8/1 |
| 3 | Take Charge Indy | C. Borel | P. Byrne | 5/1 |
| 4 | Neck 'n Neck | E. Prado | I. Wilkes | 20/1 |
| 5 | Z Camelot | J. Bravo | D. Romans | 50/1 |
| 6 | Union Rags | J. Leparoux | M. Matz | 6/5 |
| 7 | Bartolome | J. Castanon | J. Garoffalo | 30/1 |
| 8 | El Pardrio | J. Castellano | T. Pletcher | 2/1 |
| 9 | Reveron | E. Truijillo | A. Bezara | 12/1 |
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