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Belmont Stakes: Irish War Cry emerges as betting favorite for final Triple Crown event

Irish War Cry has emerged as the betting favorite ahead of Saturday's Belmont Stakes, as spectators watch for the winner of the final Triple Crown event.

The 149th Belmont Stakes is set to take place on Saturday evening in Belmont Park in Elmont, New York. The Belmont Stakes is the third event in the Triple Crown, which also includes the Kentucky Derby and Preakness Stakes.

After Always Dreaming took the Kentucky Derby and Cloud Computing won the Preakness Stakes, there's no chance of a Triple Crown winner the likes of American Pharoah in 2015. Still, the final major racing event of the year is bound to be a spectacle -- and one horse is already a clear favorite with oddsmakers.

Click through to see this year's Belmont Stakes betting favorites:

13 PHOTOS
Odds for the 2017 Belmont Stakes
See Gallery
Odds for the 2017 Belmont Stakes
1. Twisted Tom: 20-1 odds
2. Tapwrit: 6-1 odds
3. Gormley: 8-1 odds
4. J Boys Echo: 15-1 odds
5. Hollywood Handsome: 30-1 odds
6. Lookin at Lee: 5-1 odds
7. Irish War Cry: 7-2 odds
8. Senior Investment: 12-1 odds
9. Meantime: 15-1 odds
10. Multiplier: 15-1 odds
11. Epicharis: 4-1 odds
12. Patch: 12-1 odds
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According to Westgate Las Vegas, horse Irish Wary Cry and jockey Rajiv Maragh have the best shot at winning the Belmont Stakes, with 7-2 odds. Horses Epicharis and Lookin at Lee are also favored over the other horses to take the race, with 7-2 or 9-2 odds respectively.

SEE ALSO: Rescued pup hailed a hero for saving owner who was dragged by horse and left in the desert

Twelve horses and jockeys are set to compete in the Belmont Stakes each year, where they will race the track in hopes of winning the $800,000 prize. The runner-up earns $280,000, third receives $150,000, fourth gets $100,000 and fifth pulls in $60,000. The final event of the Triple Crown trio, the Belmont Stakes is a 1.5-mile race.

Here is a full list of horses competing in this year's Belmont Stakes:

1. Twisted Tom 15/1

2. Tapwrit 6/1

3. Gormley 7/1

4. J Boys Echo 15/1

5. Hollywood Handsome 20/1

6. Lookin at Lee 5/1

7. Irish War Cry 3/1

8. Senior Investment 10/1

9. Meantime 15/1

10. Multiplier 12/1

11. Epicharis 7/2

12. Patch 15/1

Post time is set for 6:37 p.m. ET, and the race is scheduled to begin around 6:50 p.m. on NBC.

RELATED: The 10 highest earning North American horses

11 PHOTOS
The 10 highest earning North American horses
See Gallery
The 10 highest earning North American horses

10. American Pharoah -- $8,650,000 in 11 career starts

(Photo via REUTERS/Lucas Jackson/File photo)

9. So You Think -- $8,696,325 in 23 career starts

(Photo via REUTERS/Stefan Wermuth)

8. Gloria de Campeao -- $9,258,355 in 25 career starts

(Photo via REUTERS/Ahmed Jadallah)

7. Flintshire -- $9,589,910 in 24 career starts

(Photo by Lo Chun Kit via Getty Images)

6. Skip Away -- $9,616,360 in 38 career starts

(Photo via Reuters)

5. Cigar -- $9,999,815 in 33 career starts

(Photo credit CARLO ALLEGRI/AFP/Getty Images)

4. Curlin -- $10,501,800 in 16 career starts

(Photo via REUTERS/Shannon Stapleton)

3. Espoir City -- $11,443,812 in 40 career starts

(Photo via REUTERS/John Sommers II)

2. California Chrome -- $14,752,650 in 27 career starts

(Photo via REUTERS/Ashraf Mohammad)

1. Arrogate -- $17,084,600 in 8 career starts

(Photo by Lo Chun Kit via Getty Images)

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