Kentucky Derby Odds: Renegade Remains Favorite Despite No. 1 Post Draw

LOUISVILLE, Ky. — Renowned owner Mike Repole has frequently encountered misfortune at the Kentucky Derby.

He experienced further ill fortune this past Saturday when his young male horse, Renegade, was assigned the much-feared first starting position for the upcoming 152nd running of the race — a gate from which no Derby champion has emerged since Ferdinand’s victory in 1986.

Regardless of the initial gate assignment, Renegade began as the top betting choice at 4-1 odds. By Tuesday night, these odds had adjusted to 5-1, and have largely remained near that figure subsequently.

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Repole, widely recognized as a beverage mogul for Vitaminwater and Bodyarmor, and currently overseeing the United Football League, holds an 0-for-8 record at the Derby, having twice seen his favored horse withdraw on the race’s eve due to unforeseen health issues. Receiving an inside draw might seem like another setback; however, given Renegade’s characteristic rally-from-behind racing approach, jockey Irad Ortiz will likely be compelled to guide him to the rear of the pack, thereby sidestepping the dense congestion common on the initial bend as riders jockey for favorable positions.

Last month, Renegade established himself as a leading Derby contender with a commanding victory in the Arkansas Derby for Repole and fellow owners Robert and Lawana Low, surging past competitors on the far turn to cross the finish line four lengths ahead. This particular horse presents trainer Todd Pletcher, who has entered an unparalleled 65 horses in the Derby, an opportunity to secure his third win.

For his part, Repole did not appear overly troubled by Renegade’s unfavorable post assignment.