Long shot Rich Strike on Saturday pulled off one of the most stunning victories in the history of the Kentucky Derby, beating odds of 80-1 to clinch victory in the 148th edition of the race in Louisville’s Churchill Downs.

Bred by Calumet Farm, Rich Strike was purchased by RED TR-Racing LLC for $30,000 last year, after performing well at a low-level race.

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However, Rich Strike’s victory at the Derby was unexpected to say the least: the horse was not even in contention to race at the Kentucky Derby but entered the event on Friday after another horse, Ethereal Road, withdrew.

Commenting on the win, trainer Eric Reed said, “I don’t know how, I fell down the paddock when he hit the wire. I about passed out. I’m so happy.”

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“This is something…y’know it’s the reason everybody does this, ’cause we’re not supposed to be here, but I knew this horse loved the track and he’d been training so good all year,” Reed added.

With the win, Rich Strike became the second-biggest long shot to win the Kentucky Derby, with Donerail’s 1913 win in the face of 91-1 odds being the biggest.

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Rich Strike’s win on Saturday also put the Colt in contention for a Triple Crown: if the horse and his Venezuelan jockey Sonny Leon manages to win at Preakness Stakes in Baltimore on May 21 and at Belmont Stakes in New York on June 11, he will become the 14th horse in the history of the sport to win a Triple Crown.

Reed believes that a Triple Crown is not beyond Rich Strike, and told the press, “I think his chances are real good. This horse is just getting good. He’s getting better every race. We spaced his races properly.”