Triple Crown hopeful American Pharoah is Belmont favorite

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American Pharoah #18, ridden by Victor Espinoza, comes out of turn 4 during the 141st running of the Kentucky Derby at Churchill Downs on May 2, 2015 in Louisville, Kentucky.  (Photo by Andy Lyons/Getty Images)

American Pharoah #18, ridden by Victor Espinoza, comes out of turn 4 during the 141st running of the Kentucky Derby at Churchill Downs on May 2, 2015 in Louisville, Kentucky. (Photo by Andy Lyons/Getty Images)

NEW YORK — American Pharoah has been made the early 3-5 favorite to win the Belmont Stakes and become horse racing’s first Triple Crown winner in 37 years.

The Kentucky Derby and Preakness winner drew the No. 5 post position for Saturday’s 1 ½-mile race at Belmont Park. Fourteen horses have won from there, and trainer Bob Baffert says he’s pleased with the position.

Frosted drew the No. 6 post and was installed as the 5-1 second choice at the draw Wednesday. He finished fourth in the Kentucky Derby and is based at Belmont Park.

Materiality is the 6-1 third choice and will break from the No. 8 post on the far outside. He was sixth in the Derby and has never run at Belmont, but he trains there.

Mubtaahij ended up on the rail in the No. 1 post. He was eighth in the Derby and skipped the Preakness.