Three weeks ago, he was an afterthought - a 30/1 longshot on the Kentucky Derby odds futures list.
Today, Bodemeister is 5/1 and a likely candidate to be the morning line favorite on the first Saturday in May.
Bodemeister destroyed a good field in the Arkansas Derby, winning by nearly 10 lengths.
But he still sits behind Union Rags for the current shortest Derby odds (who is 9/2 despite struggling in his last outing).
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"Union Rags got stuck in the Florida Derby and nobody believes that was his best effort," said Jack Randall. "That's why racebooks like Sportsbook are keeping at the top and why the wagering action continues to be brisk on him."
Undefeated Gemologist is next at 7/1 while Dullahan, another late crasher who won last Saturday in the Blue Grass at Keeneland over Polytrack. He chased down Juvenile Sportsbook Hansen in that race, a result that nudged Hansen down a few spots to 14/1.
Creative Cause remains the top pick of handicapper Mike Dempsey (who offers his Derby Day picks at a terrific price).
The wide-open Derby field has scattered the Triple Crown betting odds. It's now a -1000 proposition that there will not be a Triple Crown this year.
If any horse has the moxy to pull it off, oddsmakers feel Union Rags (18/1) has the best shot at it. Bodemeister (named for trainer Bob Baffert's son Bode) is second at 20/1.
Will any Horse win the 2012 Triple Crown?
Same horse must win Kentucky Derby, Preakness Stakes, Belmont Stakes for yes to be graded the Sportsbook.
Current Kentucky Derby odds at Sportsbook:
UNION RAGS 9-2
CREATIVE CAUSE 12-1
EL PADRINO 15-1
I'LL HAVE ANOTHER 16-1
SECRET CIRCLE 18-1
TAKE CHARGE INDY 18-1
DADDY NOSE BEST 20/1
WENT THE DAY WELL 20/1
MARK VALESKI 25/1
DONE TALKING 30/1
DADDY LONG LEGS 35/1
ROUSING SERMON 60/1
ISNT HE CLEVER 100/1
GOLDEN TICKET 125/1
MORGAN'S GUERILLA 150/1
STIRRED UP 150/1