Derby's two-tier draw eliminated
 

Churchill Downs is scrapping the two-tiered post-position draw that has been used for the Kentucky Derby since 1998 and will revert to the traditional draw for the 136th running on May 1.

Following the Derby's lead, the Preakness also began employing the two-tiered draw process in 1999 before dropping it for the 2008 running. Posts for the Belmont Stakes have always been assigned by standard pill-pull.
http://drf.com/news/article/110316.html

Good, it was an idiotic made for TV event from the get go.

I never went out of my way to watch it, but when I did it was OK.