Grace Hall is the morning line favorite on Kentucky Oaks betting menus, but many horse players are focused on local favorite for the best value as the ladies run one day ahead of the Kentucky Derby.
On Fire Baby is listed at 4/1 odds, just behind the favorite at 5/2, according to the racebook odds at .
She won the Pocahontas and Golden Rod at Churchill Downs last fall and also won her most recent outing (the Honeybee at Oaklawn Park).
"It all points to some serious momentum and a chance to overtake Grace Hall on Friday," said Jack Randall.
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Broadways Alibi is also 4/1 odds, while the enthusiastically named Believe You Can is 10/1.
But Grace Hall is the favorite for a reason. She cruised to a nearly seven-length win in the Gulfstream Park Oaks and will break from the No. 2 post.
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She has won four of six career starts at Churchill Downs and looks to etch her name next to greats such as Rachel Alexandra and Rags to Riches as Oaks winners.
Current Kentucky Oaks Betting Odds - courtesy of :
Grace Hall 5/2
Broadways Alibi 4/1
On Fire Baby 4/1
Summer Applause 15/1
Believe You Can 10/1
Edens Moon 12/1
Jemimas Pearl 12/1
Amies Dini 10/1
And Why Not 18/1
Karlovy 20/1
Hard Not To Like 20/1
Yara 30/1
Colonial Empress 50/1
Sacristy 50/1
2012 Kentucky Oaks - Head to Head Matchups
Broadways Alibi -125
On Fire Baby -105
Grace Hall -170
On Fire Baby +140
Jemimas Pearl -115
Edens Moon -115
Summer Applause -105
Believe You Can -125
And Why Not -115
Karlovy -115
Hard Not To Like EVEN
And Why Not -130
Past Kentucky Oaks Winners
| Year | Horse | Jockey | Trainer | Stable | Time |
| 2011 | Plum Pretty | Martin Garcia | Bob Baffert | Peachtree Stable | 01:49.5 |
| 2010 | Blind Luck | Rafael Bejarano | Jerry Hollendorfer | Hollendorfer/DeDomenico/Carver | 01:50.7 |
| 2009 | Rachel Alexandra | Calvin Borel | Hal R. Wiggins | D. Morrison/M. Lauffer | 01:48.9 |
| 2008 | Proud Spell | Gabriel Saez | J. Larry Jones | Brereton C. Jones | 01:50.0 |
| 2007 | Rags to Riches | Garrett Gomez | Todd Pletcher | D. Smith & M. Tabor | 01:50.0 |
| 2006 | Lemons Forever | Mark Guidry | Dallas Stewart | L. Willis/T. Horton/Stewart | 01:50.1 |
| 2005 | Summerly | Jerry Bailey | Steve Asmussen | Winchell Thoroughbreds | 01:50.2 |
| 2004 | Ashado | John Velazquez | Todd Pletcher | Starlight Stables | 01:50.8 |
| 2003 | Bird Town | Edgar Prado | Nick Zito | Marylou Whitney Stables | 01:48.6 |
| 2002 | Farda Amiga | Chris McCarron | Paulo Lobo | J. De Camargo | 01:50.4 |
| 2001 | Flute | Jerry Bailey | Robert J. Frankel | Juddmonte Farms | 01:48.9 |
