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I’ll Have Another Heads for Preakness After Kentucky Derby Win

I'll Have Another
Mario Gutierrez (L) comes down the final stretch atop I'll Have Another ahead of Bodemeister ridden by Mike Smith during the 138th running of the Kentucky Derby ahead of at Churchill Downs on May 5, 2012 in Louisville, Kentucky. Photographer: Rob Carr/Getty Images

May 6 (Bloomberg) -- I’ll Have Another will try to become the first Triple Crown winner since 1978 as the colt heads for the Preakness Stakes after charging to victory in the 138th running of the Kentucky Derby.

The three-year-old colt overtook second-place Bodemeister in the stretch and held off a late surge by third-place Dullahan yesterday in the 1 1/4-mile (2 kilometer) race at Churchill Downs in Louisville, Kentucky. The winner, which sold for $11,000 as a yearling, earned $1.46 million.

“Maryland, here we come,” trainer Doug O’Neill said after his first Derby victory with the only horse to ever win from the 19th post position.

The Triple Crown continues with the Preakness on May 19, followed by the Belmont on June 9. It’s been 34 years since Affirmed became the 11th Triple Crown winner, in 1978.

Jockey Mario Gutierrez also secured his first Derby victory aboard the colt.

“The first time I met him, I knew he was the one,” Gutierrez said in a televised interview. “He was going to give me 100 percent. He’s so professional for his age.”

Gutierrez held I’ll Take Another in seventh place as the speed horses, including Bodemeister, led in the 20-horse field. The colt moved into fourth place on the final turn and charged ahead of Bodemeister to win by 1 1/2 lengths in two minutes, 1.83 seconds in front of a record crowd of 165,307.

As Dullahan made a surge, trainer O’Neill said he kept thinking, “Where’s the wire?”

The winner paid $32.60, $13.80 and $9 on a $2 bet. Bodemeister returned $6.20 and $5.60 and Dullahan paid $7.20.

“I was just kind of numb through the whole race,” said owner Paul Reddam, a former philosophy professor at the University of Southern California. “I blinked and it was over.”

To contact the reporter on this story: Nancy Kercheval in Washington at

To contact the editor responsible for this story: Michael Sillup at

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