By John McDevitt

PHILADELPHIA (CBS) – It’s the super bowl of horse racing. The Kentucky Derby and many folks will be cheering for “Union Rags” of Chadds Ford stable. The horse is one of the favorites in the race.

With all the glitz and glamour, there’s nothing like being at the derby on race day and even better if your horse is in it. Just ask Michael Chapman of Philadelphia; his family’s horse is Smarty Jones, the thoroughbred who won the derby in 2004.

“It’s a celebrity scene actually. When Smarty was in it Jessica Simpson had actually picked Smarty to win the race so it’s a total happening.”

And if you want to participate in festivities and cheer on local horse Union Rags, Reserve restaurant and bourbon bar in Old City is hosting a “Run for the Roses” viewing party.

“We have all the excitement and the glamour of the derby; everything but the stinky horses. We’ll be here in Philadelphia. So we are encouraging our guests to come out in their derby finest,” says organizer Ryann Richardson.

A portion of proceeds go to a children’s charity.