There are no undefeated 2025 Kentucky Derby horses, the first time since the pandemic-affected 2020 edition. There is, however, one winless contender in the 2025 Kentucky Derby field, Publisher. He has failed to win any of his seven starts and is a 20-1 longshot according to the latest 2025 Kentucky Derby odds.

Three horses come into the 2025 Kentucky Derby as clear favorites among the 20-horse field. Journalism, Sovereingty and Sandman are the only horses currently listed under 10-1 to take the first leg of the Triple Crown.

Sat on the bench for seven weeks (not a good thing) after winning the Virginia Derby at minor-league Colonial Downs. Trainer D. Wayne Lukas has won four Derbys. This one won’t get him his fifth.