Improbable, left, is lead back to the barn as trainer Bob Baffert, second from right, and co-owner, Elliott Walden, walk along during training for Saturday's Preakness horse race at Pimlico race track in Baltimore.

BALTIMORE — Hall of Fame trainers D. Wayne Lukas and Bob Baffert sit side by side in the corner of the stakes barn at Pimlico Race Course sizing up the Preakness.

“A lot of speed in there,” Baffert says. Lukas responds without missing a beat, “My horse is fast.”

“There’s some nice horses in here,” Baffert says. “Pretty evenly matched.”

The banter sums up this year’s Preakness.

For the first time since 1996, the Preakness doesn’t have the Kentucky Derby winner and therefore no Triple Crown possibility, but it is one of the most-wide open in recent history. Baffert-trained Improbable opened as the favorite — because he said some horse had to be favored — and without any of the first four horses to cross the finish line at the Derby, the Preakness feels like almost anyone’s $1.5 million race to win.

“It’s wide open — there’s four or five horses that can win it,” Improbable co-owner Elliott Walden said Friday. “It’s kind of like the NCAA Tournament. Just because Duke got beat, the No. 1 seed, didn’t mean they didn’t have a Final Four and it wasn’t as impactful at the Final Four.”

Unlike when Baffert brought Justify to Pimlico a year ago looking Triple Crown-caliber, this isn’t a one-horse race. Improbable and War of Will are among the legitimate contenders to become just the 19th horse all time and first since Afleet Alex in 2005 to fall short in the Derby but win the Preakness and Belmont.

Then there’s Alwaysmining, who’s looking to be the first Maryland-bred horse to win the Preakness since 1979 and make Kelly Rubley the first female trainer to win a Triple Crown race. And there are a couple of other horses who ran in the Derby to keep an eye on — Win Win Win and Bodexpress. And newcomer Warrior’s Charge merits watching.