LOUISVILLE, Ky. — The Sport of Kings. Ha!

Thoroughbred races have increasingly surrendered to the sheikhs and princes, the hedge fund wizards and industrialists, the fat cats who could plunder their vaults and pay whatever it took to secure a regally bred horse who, they hoped, could run a hole in the wind.

But that was not the story on Saturday in the 148th running of the Kentucky Derby. Not after an 80-1 long shot named Rich Strike, who did not even earn his spot in the starting gate in America’s greatest horse race until Friday, seemed to follow Moses’ path through the Red Sea to a three-quarter length victory that seemed impossible.

What an upset!! Watch the #KyDerby. pic.twitter.com/IdUPthNO4p

— Kentucky Derby (@KentuckyDerby) May 7, 2022

When Rich Strike hit the wire low and long as if he were trying to sneak past a hall monitor, most of the Churchill Downs swells searched their programs to see who wore the 21 saddlecloth. Discerning horse fans everywhere hit Google to make the acquaintance of the jockey Sonny Leon and the trainer Eric Reed.

What they found was a colt who had one victory on his résumé and had been picked up on the cheap in a $30,000 claiming race. Then there was the jockey, who had ridden six races on Friday at Belterra Park, a minor league track in Ohio. And finally there was the trainer, who had hyperventilated on Friday morning when he was notified that a colt named Ethereal Road had scratched from the Derby, opening a gate for him to place a horse in the Kentucky Derby for the first time.

“I’m going to pass out, I’m so happy,” Reed said, trying to wipe the astonishment from his face. “This is the reason everybody does this. This is the most unbelievable day ever possible.”

Rich Strike, who covered the mile and a quarter in 2 minutes 2.61 seconds, rewarded his believers with a whopping $163.60 on a $2 bet to win.

Uplifting stories have been hard to come by in America’s oldest sport these days. Bob Baffert, who trained Medina Spirit — last year’s Derby winner, until he wasn’t — was not here, having been sidelined by a 90-day suspension because of Medina Spirit’s failed post-race drug test.

But his horses were. Baffert’s Messier and Tiaba were handed off to a former assistant, Tim Yakteen, so the ghost of the white-haired trainer hovered beneath the Twin Spires.

The other contenders had blue-blood ownership and were conditioned by gold-plated trainers. Steve Asmussen, the winningest trainer in North America — 9,000 and counting — saddled Epicenter, and the four-time Eclipse Award champion trainer Chad Brown had high hopes for Zandon.

For a dozen seconds or so in the deep stretch, it sure looked as if one of them was going to take down his first Derby victory. Their horses bounded down the lane together, two shadows trying to escape the sun.

But Leon and Rich Strike were having none of it. Leon knew he had a horse who had a powerful motor and iron lungs. The colt’s owner, Rick Dawson, has been in the sport long enough, and with an abiding respect for it, that he vowed never to put one of his horses in a spot where he could be embarrassed.

Sure, Rich Strike, the son of Keen Ice, last won in September. And he did not stamp himself a world beater in his subsequent races, finishing a well-beaten third in his last outing, a stakes race at another second-level circuit, Turfway Park, 90 miles up the highway in Florence, Ky.

In fact, most thought Rich Strike performed even that well largely because the race was on “plastic,” the derogatory name for the safer synthetic surfaces that have been barely embraced by the American racing establishment. But Dawson knew his horse.

“We talked about this a year and a half ago,” he said. “We talked about never putting a horse in if it wasn’t ready, it wasn’t fit. And we just knew that we had a shot because every time he went longer, he got better. And today we go to a mile and a quarter and he just kept going.”

Both Dawson and Reed gave credit to a crafty ride by Leon, a Venezuelan, who looked as if he had cut his teeth in Saratoga rather than Ohio’s Thistledown. Leon guided Rich Strike almost 90 degrees out of the gate, going from the 20th path to the inside.

Leon and Rich Strike rode the rail like a couple of hobos. They were unhurried following a wicked early pace into the far turn. Then Leon started guiding his horse through the pack, zigzagging like someone late for work on a busy Manhattan sidewalk.

At the stretch, Epicenter and Zandon looked each other in the eye for what was going to be a duel to the wire in the middle of the track.

Both Brown and Asmussen were leaning toward the winners’ circle. One of them, surely, was going to end up there. Instead, Leon and Rich Strike flashed past them like a bottle rocket.

“I got beat by the horse that just got in,” Asmussen said.

Brown was equally forlorn, sighing, “He just snuck up our inside.”

Reed, for his part, was swooning as he watched.

Leon had been on Rich Strike for the past three starts and was professor as much as passenger.

“He taught him to go between horses,” Reed said. “I didn’t think I could win, necessarily, but I knew if he got it, they’d know who he was when the race was over.”

Yes. Rich Strike is the Kentucky Derby champion.