Wager Mage
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Calumet Farm Rich Strike was purchased last fall for $30,000. At the time of the sale he had been entered in a low-level claiming race by his former owner, Calumet Farm, which has won a record eight Derbys. The colt wasn't scheduled to run Saturday, but it squeezed into a starting gate stall after Hall of Fame trainer D.
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Read More »History will reflect on Rich Strike's most unlikely of wins Saturday at the Kentucky Derby, where the colt broke away from the pack to finish first with the second-longest odds in the race's history. The 3-year-old horse's circumstances were filled with uncertainty, from its last-minute entry to its development under a trainer who has faced equine tragedy and its new owner's own questions about remaining in the sport. "I was ready to get out of the industry," owner Richard Dawson of RED TR-Racing LLC said after the race. "I was just disenchanted with the whole thing." He said working with Derby-winning trainer Eric R. Reed after having met him through a friend of 35 years helped change his outlook. “I like this guy — I’m going to give it another shot,” Dawson said. Reed apparently knows how to persevere in the thoroughbred game. In 2016, he and wife Kay lost 23 horses, predominantly yearlings, that were in their care after a fire burned through facilities at their Mercury Equine Center in Lexington, Kentucky. The trainer told an official at the HBPA, the owners’ and trainers’ group founded under the name Horsemen’s Benevolent and Protective Association, that he nearly lost everything, the organization said. The cause was believed to be a lightning strike. Thirteen horses were saved. The HBPA set up a fund to help Reed re-establish his business, which included racing in Ohio, where Derby-winning jockey Sonny Leon, a native of Venezuela, has plied his trade. Rich Strike was purchased last fall for $30,000. At the time of the sale he had been entered in a low-level claiming race by his former owner, Calumet Farm, which has won a record eight Derbys. The colt wasn't scheduled to run Saturday, but it squeezed into a starting gate stall after Hall of Fame trainer D. Wayne Lukas scratched Ethereal Road on Friday morning. "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." The colt's previous race was at Turfway Park, a Kentucky track in suburban Cincinnati rarely mentioned alongside venues that regularly send horses to Triple Crown races. Rich Strike's long odds Saturday have been bested in Derby history only by Donerail's 1913 win against 91-1 odds. The colt earned $1.86 million in his second victory in an eight-race career. "We just knew that we had a shot, because every time he went longer," Dawson said, "he got better."
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Read More »The winning team — in this case, Rich Strike — gets 60 percent, or $1.86 million. Of that, 10 percent goes to jockey Sonny Leon and 10 percent goes to trainer Eric Reed.
Rich Strike pulled off one of the biggest upsets in Kentucky Derby history, as the 80-1 longshot passed favorite Epicenter to win the 148th running of the Derby on Saturday at Churchill Downs. Rich Strike drew into the race just one day ago after Ethereal Road was scratched. With jockey Sonny Leon and trainer Eric Reed, Rich Strike was the largest longshot in the field. Epicenter, who went off as a 4-1 favorite, finished second, and Zandon came in third. Simplification, a 35-1 long-shot, came in fourth. The Athletic has been on the ground at Churchill Downs. Follow here for live news, scenes and reaction from Louisville.
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