Post 2 · 80-1 · Louisiana's Horse · The Longest of Long Shots
The 152nd Kentucky Derby was won by Golden Tempo (23-1), trained by Cherie Devaux — the first female trainer in history to win the race. Jockey Jose Ortiz rode a masterful race to sweep past 4-1 favorite Renegade in the final furlong. This horse finished out of the money in the 152nd Kentucky Derby. Winner profile →
Won early, faded later — but got enough points to make the field
| Date | Race | Track | Dist. | Fin. | Notes |
|---|---|---|---|---|---|
| Sep 6, 2025 | Maiden Special Weight | Delta Downs | 6f | 1st | Louisiana debut; easy winner |
| Oct 18, 2025 | Allowance | Fair Grounds | 7f | 1st | Moved to New Orleans; won again |
| Jan 17, 2026 | Southwest Stakes (Gr. III) | Oaklawn Park | 1m 70y | 1st | Won the early prep; Stewart jubilant |
| Feb 28, 2026 | Rebel Stakes (G2) | Oaklawn Park | 1&frac116;m | 6th | Outclassed by quality; troubling |
| Mar 28, 2026 | Louisiana Derby (G2) | Fair Grounds | 1&frac316;m | 5th | Faded again; enough points to qualify |
| May 2, 2026 | Kentucky Derby (G1) | Churchill Downs | 1¼m | Did Not Finish | Finished out of the money — won by Golden Tempo (23-1) |
Pale Fire was born in Opelousas, Louisiana — the seat of St. Landry Parish, in the heart of Acadiana, the Cajun-French region of south-central Louisiana where the culture is distinct, the food is extraordinary, and the connection to the land runs deep. Horses have always been part of Acadiana's culture; the Cajun people have raced quarter horses and thoroughbreds in Louisiana for generations.
His pedigree, despite everything else about his story, is genuinely distinguished. Curlin is one of the great American racehorses of the 21st century — a three-time Horse of the Year, a two-time Breeders' Cup Classic winner, and a sire whose influence is felt across modern American breeding. Curlin horses tend to be durable, strong-willed competitors who improve with age and distance. That description fits exactly what you want in a Kentucky Derby horse.
Bonfire Night, the dam by Dynaformer, brings another layer of classic distance credentials. Dynaformer was a son of Roberto who sired Barbaro — the brilliant 2006 Kentucky Derby winner whose subsequent injury and death became a story of national grief. Dynaformer daughters are regarded as excellent broodmares, producing horses with thick bone and the mental fortitude to win long races.
The problem — and it is a real problem — is what happened after the Southwest Stakes. Pale Fire won that race convincingly in January. Then he ran sixth in the Rebel Stakes in February and fifth in the Louisiana Derby in March. Two consecutive poor performances after a promising start. The optimistic reading is that he had a difficult winter and will return to his January form. The pessimistic reading is that he showed his ceiling in the Rebel and Louisiana Derby. Dallas Stewart has been pointing him at today for months, believing in the optimistic reading.
Donerail (1913): 91-1. The longest winning odds in Kentucky Derby history. Nobody gave
him a chance. He won by half a length.
Mine That Bird (2009): 50-1. A Canadian horse shipped to Louisville in a trailer by a
part-time trainer. He came from 19th place in the final quarter-mile and won by 6¾ lengths — the biggest
winning margin in the Derby in decades.
Rich Strike (2022): 80-1. He got into the field the day before the race when another
horse scratched. He was at the exact same odds as Pale Fire today. He found a hole on the rail in the
stretch and won by three-quarters of a length over a field of graded stakes winners.
Pale Fire is 80-1. Rich Strike was 80-1. Rich Strike won. The history of this race
is a history of impossible things becoming possible for two minutes on the first Saturday of May.
From Baton Rouge, Louisiana — 25 years at Churchill Downs, still chasing the roses
Dallas Stewart was born in Baton Rouge, the capital of Louisiana — a city defined by the river, by the petrochemical industry, by LSU football, and by a deep southern culture that includes horse racing at the Fair Grounds in New Orleans and at Delta Downs in the western part of the state. He came to training through the Louisiana circuit and built his career on the backstretch of Fair Grounds, one of the oldest continuously operating racetracks in America.
Over 25 years of training, Stewart has become a fixture at Churchill Downs during the spring meet. He has had multiple Derby horses — horses that were good enough to run in the race, to excite their connections, and ultimately to come up short of the winner's circle. The roses have never gone to a Dallas Stewart horse. He keeps coming back.
The Deep South circuit that Stewart calls home produces fewer Derby horses than the major prep tracks, but it has produced real ones. Fair Grounds is a legitimate prep venue — the Risen Star and Louisiana Derby are respected races. Stewart knows the Fair Grounds circuit better than almost any trainer alive, and he has pointed Pale Fire at Churchill Downs with the quiet conviction of someone who has been doing this for a quarter century and has not given up on getting it right.
His horses run honestly. They prepare hard. They give everything they have on race day. Whether that is enough for a horse whose last two starts were disappointing is the question that today will answer. Dallas Stewart has waited 25 years for this answer. He is not waiting any longer.
From Denham Springs, Louisiana — first Kentucky Derby at the biggest stage in the sport
Mitchell Murrill was born in Denham Springs, a city in Livingston Parish east of Baton Rouge — working-class Louisiana, where the people are tough and the horse culture runs through the blood. He became a jockey on the Louisiana circuit, building his career at Fair Grounds and Delta Downs — the tracks that Stewart calls home, the tracks where the Louisiana racing community gathers.
He has ridden winners across the Louisiana-Arkansas-Mississippi region. He is a reliable, professionally respected journeyman who has won stakes races in Louisiana and who has ridden at Churchill Downs during the Kentucky spring meet without the fanfare that attaches to the nationally known names. He is the kind of jockey who does his job quietly, who is loyal to his trainers, and who has waited for the right horse to give him the call he has been hoping for.
The call came from Dallas Stewart: ride Pale Fire in the Kentucky Derby. It is Murrill's first Derby mount. He will ride from Post 2, near the inside rail, in a 20-horse field where the noise at Churchill Downs on the first Saturday of May is unlike anything he has experienced in his career. No race he has ridden in Louisiana — not on the biggest night at Fair Grounds, not in the biggest Louisiana Derby field — has prepared him for 150,000 people packed into the grandstand and infield, roaring as the gates open.
He is here anyway. A Louisiana boy from Denham Springs, riding a Louisiana horse from Opelousas, for a Louisiana trainer from Baton Rouge, owned by a Louisiana partnership from Acadiana. The entire state of Louisiana is in Post 2 today.
A small Acadiana partnership celebrating every morning workout with a phone chain
Southern Belle Racing LLC is a Louisiana partnership rooted in Acadiana — the region of south-central Louisiana where French is still in the family memory, where the community gathers for festivals and horse races and church, and where the bonds between people are forged through shared work and shared celebration.
They are not wealthy by national racing standards. They bought Pale Fire because they knew Dallas Stewart, because they trusted his judgment, and because they wanted to own a piece of a horse. They have celebrated every win — even the modest ones at Delta Downs — with the intensity of people for whom this is not an investment but a joy.
After the Southwest Stakes win in January, the phone chain went all night. After the Rebel and Louisiana Derby disappointments, there was a harder conversation — but they stayed together. They pointed at the Derby. They got their horse in. Now they are at Churchill Downs, and the phone chain is running from the grandstand boxes to Acadiana, from Louisville to Lafayette to Opelousas.
They know the odds. They are not deluded about what 80-1 means. But they also know that Rich Strike was 80-1 in 2022 and won. They know that the race that gave America Donerail and Mine That Bird and Giacomo does not owe anyone predictability. Pale Fire is the least likely winner in the field, and Southern Belle Racing knows it, and they are cheering for him anyway with everything they have.
That is what makes the Kentucky Derby the Kentucky Derby. Every horse in the gate has someone who believes in them absolutely. Every owner stands at the rail with the same hope. The odds board tells you who the smart money favors. It does not tell you which horse will find something extra in the final furlong. For that, you watch the race.
At 80-1, a $2 win bet on Pale Fire returns $162 if he wins. The market says his probability is about 1.2%. Statistically, he is expected to win about 1 Derby in every 83 that he runs.
But statistics are about populations, not individual events. In any single Kentucky Derby, the horses do not run 83 times. They run once. On that one day, the 80-1 horse is either in the gate or he isn't. And if he is in the gate — as Pale Fire is today — then he has the same starting position as every other horse. The wire does not know the odds. The timer does not know the odds.
Rich Strike won the 2022 Derby at 80-1. He was not supposed to. He found a lane on the rail in the
stretch that no one expected to be there. He ran past horses who were supposed to beat him. He crossed
the wire first.
Pale Fire is 80-1. He has a Curlin pedigree that says he can stay. He has a trainer who has been to
Churchill Downs dozens of times. He has a Louisiana jockey on his biggest day riding for the Louisiana
partnership that kept faith through two disappointing preps. He has everything except favorable odds.
In the Kentucky Derby, that has been enough before.
Pale Fire may finish last today. The odds say he probably will not threaten the top horses. A cold
statistical analysis says to look elsewhere for a winner.
But the Kentucky Derby has been running since 1875, and in 152 years of running, it has never once
produced a race exactly like any other. Something always happens that no one predicted. Someone always
finds a way. Some horse always runs the race of his life on the first Saturday of May when the crowd
is loudest and the roses are waiting in the winner's circle.
Pale Fire is a Louisiana horse. Dallas Stewart is a Louisiana trainer who has waited 25 years for this.
Mitchell Murrill is a Louisiana jockey making his first Derby start. Southern Belle Racing is a
Louisiana partnership from Cajun country who drove to Louisville from Acadiana.
The least likely winner in the field. And that — that right there — is what makes the Kentucky Derby
the Kentucky Derby.