A quarter of a million people braved miserable conditions at Epsom Downs on June 2, 1954, to see the 175th running of the prestigious Derby Stakes. Queen Elizabeth II and Sir Winston Churchill were in attendance, along with thousands of Britons who were all convinced of the unfailing superiority of English bloodstock and eager to see a British colt take the victory. They were shocked when a Kentucky-born chestnut named Never Say Die galloped to a two-length triumph at odds of 33--1, winning Britain's greatest race and beginning an important shift in the world of Thoroughbred racing....

Each year on the first Saturday in May, the world turns its attention to the twin spires of Churchill Downs for the high-stakes excitement of the "greatest two minutes in sports," the Kentucky Derby. No American sporting event can claim the history, tradition, or pageantry that the Kentucky Derby holds. For more than 130 years, spectators have been fascinated by the magnificent horses that run the Louisville track. Thoroughbreds such as Secretariat and Barbaro have earned instant international fame, along with jockeys such as Isaac Murphy, Ron Turcotte, and Calvin Borel. The Kentucky...

An Irish immigrant, a collection agent for crime bosses, a professional boxer, and a prodigious gambler, John Morrissey was -- if nothing else -- an unlikely candidate to become one of the most important figures in the history of Thoroughbred racing. As a young man, he worked as a political heavy in New York before going to San Francisco in search of fortune at the height of the Gold Rush. After returning to the east coast, he was hired by Tammany Hall and was soon locked in a deadly rivalry with William Poole, better known as "Bill the Butcher."

As time went on, Morrissey parlayed...