The Fastest Two Minutes in Sports is only a few days away. On Saturday, the 141st installment of the Kentucky Derby will commence, which gives sports and gambling fans the perfect way to warm up before the festivities of the Fight of the Century take place.

But make no mistake about it. The Kentucky Derby isn't just an event to pass the time. There's a reason why it has existed since 1875, and there's a reason why, as I alluded to above, it's known as the Fastest Two Minutes in Sports.

That being said, I'm willing to bet there's a good chunk of the sports population out there that doesn't really pay all that much attention to horse racing for 364 days out of the year. If that's the case, don't worry -- we've got you covered. You can still watch the Kentucky Derby as a (somewhat) informed fan.

Here are the 10 things you need to know about the 2015 Kentucky Derby.

1. How can I watch the Kentucky Derby?

First, let's get the basics down. The 2015 Kentucky Derby will be televised by NBC. Coverage will begin at 4 p.m. ET, with post time at approximately 6:24 p.m. ET. The telecast is scheduled to end at 7:30 p.m., leaving you plenty of time prepare for Mayweather-Pacquiao

2. How does the Kentucky Derby even work?

On Saturday, 20 horses will compete in the Kentucky Derby. Those 20 horses snagged a spot on the track by competing in a series of 35 races around the world. At the conclusion of every race, the first four finishers received points. The top-20 horses are the ones who will be running on Saturday at the 2015 Kentucky Derby.

Despite the coverage of the event lasting three and a half hours, the actual race itself won't last more than a couple minutes as the horses quickly complete the 1.25 mile race.

Now, the Kentucky Derby is just the first race in the American Triple Crown. Whoever wins the Kentucky Derby will have a shot at completing the Triple Crown at the Preakness Stakes and the Belmont Stakes. Winning all three races is the only way to complete the Triple Crown.

It's probably worth noting that only 11 horses have won the Triple Crown, so don't get your hopes up too high if your favorite horse takes home the roses on Saturday.

3. How much money is usually wagered on the event?

It varies from year to year, but the record for the most money wagered on the Kentucky Derby was set in 2012, when 133.5 million was put on the line. In 2013, $130.5 million was wagered.

The answer to the question: A lot.

4. Who is American Pharoah?

American Pharoah is a horse, and the betting favorite to win the Kentucky Derby. According to Bovada, American Pharoah is a 9/4 favorite.

The horse is owned by Zayat Stables and his trainer is Bob Baffert. Baffert is a hall of famer and has won the Kentucky Derby three different times, with his most recent win coming all the way back in 2002.

On Saturday, American Pharoah will be paired with jockey Victor Espinoza. He was the jockey during Baffert's Kentucky Derby win in 2002.

There's a reason why American Pharoah is the favorite. 

5. How often has the favorite won the race?

According to Forbes, from 1979 to 2011, the favorite only won the Kentucky Derby four times. The horses are young, a small sample size is a real problem, and the favorite rarely wins in the end.

Sorry, American Pharoah, but it's not looking too good.

6. Which other horses should I pay attention to?

The simplest way to answer this question is to provide the full roster, so you can decide for yourself. Here are Bovada's latest odds, as of Tuesday.

American Pharoah: 9/4

Dortmund: 9/2

Carpe Diem: 7/1

Mubtaahij: 12/1

Materiality: 12/1

Frosted: 16/1

Firing Line: 18/1

International Star: 18/1

Upstart: 20/1

El Kabeir: 33/1

Far Right: 33/1

Bolo: 40/1

Danzig Moon: 40/1

Itsaknockout: 40/1

Keen Ice: 40/1

Mr Z: 40/1

Ocho Ocho Ocho: 40/1

War Story: 40/1

Stanford: 66/1

Tencendur: 66/1

7. If I like underdogs, who should I root for?

Those horses would be Stanford and Tencendur, who are both listed at 66/1 odds. Stanford is owned by Stonestreet Stables and trained by Todd Pletcher, who won the Derby as recently as 2010. Tencendur, on the other hand, is owned by Philip S. Birsh and his trainer is George Weaver.

Weaver's story is interesting because he's never appeared at the Kentucky Derby. His only Triple Crown appearance was at the Preakness.

Also worth mentioning is that Tencendur's jockey is the 20-year-old Manny Franco (there's a Fight of the Century joke in here somewhere). 

If I had to declare one horse an underdog in the truest sense, I'd pick Tencendur.

8. If I want to be there in person, how much would I have to spend on tickets?

Surprisingly, the prices to attend the event really aren't all that bad. If you were to purchase a ticket at least one day in advance, you'd only be spending $55 (not including any fees that are added on). If you happen to live near Louisville, and decide on the day of that you want to attend, it'll cost you an extra $5, bringing your total to $60. Both of those prices are for general admission.

Now, if you don't want to settle for general admission, you'll have to be willing to part with a small pile of money. A Luxury Trackside Club ticket can be purchased for $3,400.

9. What celebrities can I expect to see at the Derby this year?

A lot of famous people will be wandering around Churchill Downs on Saturday. NFL stars Tom Brady, Rob Gronkowski, Aaron Rodgers, and Wes Welker are expected to be there.

If you recall, last year, Welker was spotted handing out $100 bills to, well, everyone.

Meanwhile, the Kentucky Derby Festival, which is held on Thursday will also get its fair share of celebrities. Minnesota Vikings quarterback, Teddy Bridgewater, who played college football down the street at Louisville, will be in attendance along with NFL Hall of Famer Paul Hornung.

10. So, what's next?

Automatically, whoever wins the Kentucky Derby on Saturday will begin generating Triple Crown buzz by Saturday night. The Triple Crown race that follows the Derby is the Preakness, which will take place in Baltimore on May 16. If the Derby winner manages to also win the Preakness, then it's on to the Belmont Stakes during the first week of June.

So get ready. The Kentucky Derby is just the start of it all.

Pharoah is your Kentucky Derby favorite.
American Pharoah is your Kentucky Derby favorite. (USATSI)