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Webb Simpson, a two-time winner last year, carded a six-under 65 and is alone in second place. Harrison Frazar, Kevin Na, Chez Reavie, Derek Lamely and Jarrod Lyle are tied for third after posting five-under 66s.
They were joined there by Bubba Watson, Spencer Levin and Jason Dufner. Watson and Levin both finished 15 holes, while Dufner is through 13.
Palmer and Simpson both started their rounds on the back nine. Palmer poured in a 14-footer for birdie on the 10th. He birdied both par-fives, 13 and 15, to move to minus-three.
Palmer made it two in a row with a birdie on the first. A 13-foot birdie putt on the fourth gave Palmer a share of the lead. He followed with a 12-footer for birdie on five and made it three in a row with a 10-foot birdie effort on the No. 6.
"I had two great days preparing on Tuesday and Wednesday," said Palmer, who missed the cut in his first two events this year. "Getting the old putter back out, and getting the old feelings I've had in the past, the way the swing feels and the way the body feels, it was set up for a good day today."
After making par at the raucous par-three 16th, Simpson drained a 22-footer birdie on 17 and followed with a six-foot birdie putt on 18.
"I really didn't feel like I hit a bad shot. I hit a chip that released a lot more than I thought it would, but other than that it was solid," Simpson said. "I think the thing that kind of held me in there all day was my putting. I made a bunch of putts, so I'm excited about that."
Two-time winner Phil Mickelson posted a three-under 68 and is tied for 19th. That was his first sub-par opening round of the year.
Half of the field teed off in round two, but no one completed the round. Everyone will return on Saturday to complete the second round. Play begins at 8:45 a.m. local time.
"The course is still on the verge of playable, but there's no point sending the guys out for an hour or two on a marginal course," said tournament director David Probyn. "The winds will be down a notch tomorrow and decreasing during the day, while the forecast for Sunday is for much calmer conditions."
"I hope tomorrow I can take advantage of the remaining 10 holes I have," said Fernandez-Castano. "I didn't have any balls moving, but certain shots you could hardly keep balanced. Being selfish I'm quite happy play was called off."
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MySportsbook.com and Kentucky Derby Offer Bonuses
The 2008 Kentucky Derby has announced a $1-million bonus for this weekend’s 134th ‘Run for the Roses’ and MySportsbook.com is doing the same.
Well, not quite $1 million, but MySportsbook.com is offering a 75% rebate for Kentucky Derby lines. Check out the exclusive horse racing bonus for all the details.
According to MySportsbook.com, the favorites for Saturday’s Kentucky Derby at Churchill Downs in Louisville, Kentucky are: Curlin (+250); Street Sense (+500); Scat Daddy (+700); Circular Quay (+750); and Nobiz Like Shobiz (+800).
Derby organizers announced this week that there will be a $1-million bonus at the 2007 Kentucky Derby odds if the first-place horse wins by more than 6 1/2 lengths – the margin of Barbaro's victory last year. The bonus would be divided Saturday among the winning trainer, jockey, owner and a charity, with each receiving 25 percent. The designated charity is the Barbaro Memorial Fund.
''It's certainly creative, it's certainly fun and it has something for the horsemen, which we always want to embrace,'' Churchill Downs president and chief executive Robert Evans said at a news conference. ''What's really cool is it will force us to remember Barbaro.''
Meanwhile, the Derby favorite – Curlin – is going against the odds this year. It's been 125 years since Apollo won after skipping his 2-year-old season, and not since Regret in 1915 has such a lightly seasoned horse worn the blanket of red roses.
Arkansas Derby winner Curlin – unbeaten in three career races – tries to overcome both those obstacles in Saturday's 133rd Derby.
''We're not running against history,'' trainer Steve Asmussen said Monday. ''We're running against who they load up.''
Six other horses have run in the Derby without benefit of 2-year-old races and with three or fewer starts. The best any of them managed was a sixth-place finish by Showing Up last year.
Asmussen dismissed suggestions that Curlin's lack of racing experience could keep him from the winner's circle.
”He exudes confidence and he's got a great presence about him,'' the trainer said. ''I feel great about the position we're in. He's not worried about anything, why should you be?''
The Kentucky Derby is at 4:04 p.m., ET Saturday.
For complete odds on the Kentucky Derby, visit MySportsbook.com. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
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