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LOUISVILLE, Ky. (WDRB) -- I'll Have Another won the 138th Kentucky Derby at Churchill Downs.
Bodemeister placed second; Dullahan showed in third.
The 1 1/4-mile race offered a $2 million purse.
A record crowd of more than 165,000 people attended the Derby on a summer-like day.
I'll Have Another caught Bodemeister down the stretch and pulled away in the final furlong on Saturday to win the Kentucky Derby.
Jockey Mario Gutierrez, riding in his first Derby, guided the 3-year-old colt ahead of Bob Baffert's Bodemeister and a late closing Dullahan to win on a fast track.
It was trainer Doug O'Neill's first Derby victory. He had never finished better than 13th in the Kentucky Derby with two other horses.
I'll Have Another, the Santa Anita Derby winner, went off at 15-1 in one the deepest and evenly balanced fields in recent years. Winning time was 2:01.83. The horse started from number 19 in the gate, the first Derby winner to do so.
"He broke sharp, as he usually do(es). He's such a professional horse. He's a really calm horse. I know he was going to help me 100% through the first part. In the end, he just give 100% all the time. As soon as you ask him, he throws everything on the race, and he didn't disappoint today," Gutierrez said.
"I never in a million years thought we could do this," O'Neill told reporters after the race. I'll Have Another is 3-for-3 for the year.
Owner J. Paul Reddam said he was confident I'll Have Another would run well at the Derby. Now he has Baltimore and the Preakness in his sights.
"We gave the horse only two preps this year. Part of the idea was we knew we had a good horse, and we wanted to make sure he was fresh because the Triple Crown is a gamble and it looks like it paid off. We've only run three times this year, so Preakness, here we come," Reddam said.
Reddam told reporters he paid just $35,000 for I'll Have Another.
Payouts for I'll Have Another: $32.60, $13.80 and $9.00
The track said wagering on the Kentucky Derby race card set a record, totaling $187 million, an increase of 13.2 percent from the 2011 total of $165.2 million. Those figures include "all sources," and not just on track.
All sources wagering on the Derby race itself also set a record at $133.1 million, up 18.8 percent from $112 million in 2011.