This Kentucky Derby was costly for Maximum Security bettors. How costly? Try $9 million dollars.
Maximum Security, who closed as one of the favorites at 9-2, looked like he was the victor when he crossed the finish line first, but an objection was filed accusing the colt of interfering with other horses. About 25 minutes later, race officials gave Country House the victory.
This is the first time ever that a colt who crossed the finish line first didn’t win the Kentucky Derby.
According to ESPN, there was more than $6.2 million bet on Maximum Security and just $520,907 on Country House. The largest win on Maximum Security — recorded by TwinSpires.com, an online horse racing site — was $8,000, which would have paid a net $36,000.
According to TwinsSpires, the largest bet on Country House was $2,500. It paid a net $162,500. Country House, a 65-1 long shot, had the second-longest odds of any Kentucky Derby winner.
Maximum Security also had $1,495,408 bet to place and $1,272,082 to show, according to ESPN.
Sportsbooks also felt the pain from the shocking reversal.
At the SuperBook at Westgate Las Vegas, the decision caused a mid-five-figure swing against the house in its Kentucky Derby futures odds market, which is separate from the national parimutuel pool.
“[We] went from a good-sized win to a good-sized loss,” SuperBook sportsbook director John Murray told ESPN in a text message. “The SuperBook animal racing trade team is annoyed by the decision.”
As of Friday, at William Hill sportsbooks in Nevada, just 2 percent of the money bet on the odds to win the Kentucky Derby was on Country House.
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