Favorites in the Kentucky Derby seem to do well. Since 1908 and the advent of pari-mutuel wagering, favorites have won 39 times for roughly a 35 percent strike rate. In the years before pari-mutuel wagering between 1875 and 1907, sentimental favorites won 16 times for a near 50 percent win rate.
Essential Quality at The Travers Stakes - Joe Labozzetta
The shortest-priced favorite in Derby history was Bimelech, who finished second a 2-5 in 1940. Count Fleet (1943) and Citation (1948), who was coupled with stablemate Coaltown, were also 2-5 when they won the first jewel under the Twin Spires. Seattle Slew was 1-2 in 1977, as was Johnstown in 1939 and Spectacular Bid in 1978.
The longest-priced favorite title in Kentucky Derby history belongs to Lookin at Lucky, who was sixth at odds of 6.30-1 in 2010. Harlan’s Holiday was 6-1 in 2002 and Sweetsouthernsaint was 5.50-1 in 2006. In 2013 Orb was the longest-priced favorite to win when he left the gate at odds of 5.40-1. Other longer favorites to win are Street Sense, who was 4.90-1 in 2007; and Always Dreaming, who was 4.70-1 in 2017.
In the re-arranged Triple Crown in 2020, Belmont Stakes (G1) winner Tiz The Law left the gate at .70-1 (3-5) and finished second to Authentic. Essential Quality was the near 3-1 favorite in 2021 and was third, while Epicenter was the 4-1 lukewarm favorite a year ago before finishing second to longshot Rich Strike.
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