Long shot Rich Strike wins 148th Kentucky Derby

LOUISVILLE, Ky. -- With favorite Epicenter and Zandon dueling in front, Rich Strike came charging up the rail in the closing strides for a stunning 80-1 upset in the Kentucky Derby on Saturday.

Jockey Sonny Leon guided Rich Strike from far back in the 20-horse field to beat 4-1 favorite Epicenter by three-quarters of a length. Zandon was another three-quarters of a length back in third at Churchill Downs in front of a crowd that included former President Donald Trump.

"I about fell down in the paddock when he hit the wire,'' winning owner Rick Dawson said. "I about passed out.''

Rich Strike had the second-biggest upset in the race's 148-year history. He paid $163.60 to win. Only Donerail in 1913 had a higher payout of $184.90.

Rich Strike ran 1¼ miles in 2:02.61. The horse becomes just the second to win the Kentucky Derby from the 20th post position since the modern starting gate was introduced in 1930, joining Big Brown in 2008.

After taking a bite out of his much costlier competition, Rich Strike playfully chomped the pony that guided him to the winner's circle.

Rich Strike wasn't even in the Derby field until Friday when Ethereal Road was scratched, making room for the chestnut colt trained by Eric Reed.

"We found out about 30 seconds before the deadline on Friday,'' Dawson said. "It put us in the race and really we always felt if we just got in we've got a shot.''

Both Leon, from Venezuela, and Reed were in their first Derby. Leon regularly rides on small circuits, including Ohio. Reed endured a tragedy five years ago when he lost nearly two dozen horses in a barn fire at his training center in Lexington.

Leon's rail ride was reminiscent of jockey Calvin Borel aboard Mine That Bird in 2009. Mine That Bird paid $103.20 to win.

"When I was in the last 70 yards, I said, "'I think I got this race,''' Leon said.

Rich Strike was purchased by owner RED TR-Racing LLC for $30,000 last fall when he was entered in a low-level claiming race by former owner Calumet Farm.

Calumet Farm owner Brad Kelley might be ruing that decision now. Calumet Farm has won a record eight Kentucky Derbies, but none since 1968, when Forward Pass was placed first via disqualification.

Rich Strike earned $1.86 million for just his second career victory. 

Simplification finished fourth and Mo Donegal was fifth.

The Associated Press and ESPN Stats & Information contributed to this story.