When dynamic force is applied to a saturated porous soil, drainage is common. In this paper, the saturated porous soil with a two-phase saturated medium is simulated, and Lamb’s integral formulas with drainage and stress formulas for a two-phase saturated medium are given based on Biot’s equation and Betti’s theorem (the reciprocal theorem). According to the basic solution to Biot’s equation, Green’s function G_ij and three terms of Green’s function G_4i, G_i4, and G₄₄ of a two-phase saturated medium subject to a concentrated force on a spherical coordinate are presented. The displacement field with drainage, the magnitude of drainage, and the pore pressure of the center explosion source are obtained in computation. The results of the classical Sharpe’s solutions and the solutions of the two-phase saturated medium that decays to a single-phase medium are compared. Good agreement is observed.