Projecting Future Kentucky Derby Potential Beyond Current Performance
TL;DR
- Early identification of top Kentucky Derby contenders like Sovereignty and Nightquist, based on projected performance rather than current form, enabled successful future wagers at favorable odds.
- The 2026 Kentucky Derby crop is assessed as average to below average, with few horses demonstrating sustained dominance, suggesting potential for unexpected contenders to emerge.
- Horses like Renegade, despite being maiden winners with impressive figures, are ranked lower due to a lack of proven consistency and the need for further development.
- The evaluation of horses like Paladin and Incredibolt prioritizes visual impression and pedigree for classic distances over immediate speed figures, anticipating future improvement.
- The assessment of Todd Pletcher's trainees, like Ted Nafi, considers his history of peaking horses for the Derby rather than immediate peak performance, highlighting a strategic approach.
- Ted Nafi's consistent four-win juvenile season and perceived mental maturity suggest strong potential for the Kentucky Derby, contingent on continued health and development.
- The analysis of Brant's third-place finish in the Breeders' Cup Juvenile suggests immaturity rather than a lack of stamina, indicating potential for improvement with experience.
Deep Dive
The 2026 Kentucky Derby prospect pool is currently assessed as average, potentially leaning below average, with a notable lack of horses demonstrating sustained elite performance early in their two-year-old campaigns. This suggests a year where the eventual Derby winner may not yet have clearly emerged, and a significant number of horses currently ranked could see their stock fluctuate or decline as the season progresses. The early identification of potential contenders is less about predicting the winner with certainty and more about identifying horses with the pedigree, physical attributes, and early performances that suggest the capacity for significant improvement and eventual success at classic distances.
The current landscape is characterized by a few highly regarded colts, such as Ted Nafi, who has demonstrated consistent winning form and impressive figures, though questions remain about his mental maturity and margin of victory in key races. Paladin, another strong contender, benefits from tactical speed and a promising pedigree, while Incredibolt presents an intriguing profile with strong physical attributes and a pedigree suited for classic distances, despite less impressive early speed figures. Further down the list, horses like Brant and Mr. A.P. possess the class and breeding to be factors, though they too show signs of immaturity or require further development to suggest consistent top-tier performance. The early rankings also highlight the importance of pedigree and physical development, with horses like Englishman and Blackout Time showing significant promise based on their maiden victories, even if their racing resumes are still limited. The potential for surprise contenders to emerge from less heralded barns or debut later in the season remains a significant factor, underscoring the dynamic and often unpredictable nature of the Triple Crown trail.
Ultimately, the implications for handicappers and bettors are to temper expectations for clear frontrunners and to remain vigilant for the emergence of new talent or the significant progression of those currently ranked. The current assessment suggests that value may be found in horses who are not yet fully realized but possess the inherent qualities to improve dramatically over the coming months. The focus should be on projecting future potential and identifying horses capable of handling the increasing distances and pressures of the Triple Crown season, rather than solely relying on current performance metrics.
Action Items
- Audit 3-5 top-ranked 2-year-old horses: Analyze Beyer Speed Figures, pedigree, and race progression for potential Derby distance suitability.
- Track 5-10 promising maiden winners: Monitor their development and performance in early graded stakes races to identify potential Derby contenders.
- Evaluate 3-5 horses with strong maiden wins but lower figures: Assess their physical development and pedigree for upside potential beyond current performance metrics.
- Measure the correlation between early-season performance (Beyer figures, win margins) and final Derby odds for 5-10 horses.
- Draft a runbook template for evaluating new Derby prospects: Define criteria for assessing pedigree, race performance, and trainer patterns.
Key Quotes
"I try to mix it up you want to project as much as you can because well it is nice to know who the good horses are now it's going to feel a lot better in may when we're especially for our purposes right we're going to talk future odds and maybe some international prices I'm sure you have those and and you really want to get on these horses now when you can get them at 20 to 1 30 to 1 40 50 to 1 instead of 6 to 1 come derby day that's all fine and dandy but it's going to feel really good if you can cash on it now so trying to project while also acknowledging the good horses right now and you know on my top 10 there's horses I I don't love but they they do deserve to be here and then there's others who I do love and I just have to hope that my evaluation of them at this point will be sustainable throughout the spring and into the first Saturday in may so it's a little bit of everything and I think that's that's how you can can hopefully land on a horse like sovereignty or or or nightquist or gun runner so forth"
Eric DeCoster explains his approach to creating a Kentucky Derby top 10 list. He emphasizes the importance of projecting future performance rather than just assessing current form. DeCoster aims to identify horses with the potential to succeed in the Derby, allowing for better betting opportunities at higher odds.
"I would say average maybe leaning towards below average I mean we've seen some horses throw these big gaudy figures or run very impressive races but I feel like I haven't seen enough horses really sustain it and going back to last year sovereignty journalism had we seen that no but you could just tell by the way they moved once they got out to two turns and a little more foundation under them that they were really going to be a force as long as they stayed healthy I only see a couple of those this year and even in that couple there's only one or two that I'm I'm really confident in saying yes I'd trust this horse come this spring so I wouldn't be surprised if we look back in may and after we've gone through all these horses today that the horse who wins the derby hasn't even raced yet that's that's really the vibe I'm getting so far"
Eric DeCoster evaluates the current two-year-old crop for the Kentucky Derby. He describes the group as average, possibly leaning towards below average, due to a lack of sustained impressive performances. DeCoster suggests that the eventual Derby winner might not have even raced yet, indicating a perceived lack of standout contenders at this early stage.
"You know I I went back and forth because he is still technically a a maiden but he's he's very impressive the numbers don't fully back him up quite yet I know he's going to get better he's a pletcher he's going to get better because they always do in that barn to be honest I could have easily switched him and my number 10 horse but I felt like I would have been knocking my my horse at number 10 that we'll get to a little too much if I didn't include him so that was definitely I'm glad you mentioned it because that was very much a back and forth and I eventually just just stuck with maybe the more proven commodity at this point"
Eric DeCoster discusses the decision to place Renegade as an "also eligible" rather than on his top 10 list. DeCoster acknowledges Renegade's impressive qualities despite not yet winning a race, but ultimately chose a more proven horse for the tenth spot. He indicates that the decision was difficult and involved considerable deliberation.
"I think he did get a bit of a setup I I thought that the three horses who outgunned into the lead really kind of took each other out essentially obviously the horse that stuck around soldier and diplomat ran a huge race also to finish third at the end of the day but he was still staggering home so because he was staggering home and because the other two up there dr kapor and cherokee nation both stopped as hard as they did around the turn I have to think he got a bit of a setup I will say I'm impressed that he gutted it out because the other horses that were coming like universe who was the biggest beneficiary in picking up those pieces a good horse wouldn't be able to outfinish that kind of kick and he was able to so there is some merit to that my my biggest concern truthfully is the gigantic regression from that 98 down to an 82 on the buyer scale I mean race dynamics aside that's a pretty harsh drop"
Eric DeCoster analyzes Further Ado's victory in the Kentucky Jockey Club Stakes. He suggests that Further Ado may have benefited from a tactical setup in the race, where the early leaders faltered. DeCoster expresses concern about the significant drop in Beyer Speed Figures from Further Ado's maiden win to his Kentucky Jockey Club victory.
"I think he'll he'll be able to stretch out just fine I think he's pretty immature in all truthfulness he's looked good in in in all three of his races of course and he's beaten pretty decent horses every single time but I did feel like there was just something missing from him mentally standpoint and almost felt like okay I know what my job is but I don't know how to do it really really well so his talent is just kind of carrying him there and I felt like in the juvenile you did see that a bit obviously where he was located on the track down on the inside and front no one in front of him that that played well to his ability to kind of re engage late in the game when it looked like he was backing off but I also think in that moment he kind of realized oh like this is a race I need to go get you now so I I I was really encouraged by that even though he was defeated and finished third at that short price and I I initially didn't really love the performance outside of that comeback he made late"
Eric DeCoster discusses Brant's third-place finish in the Breeders' Cup Juvenile. DeCoster believes Brant is immature and is being carried by his talent, noting that he seemed to lack a full understanding of how to win the race. Despite the defeat, DeCoster was encouraged by Brant's late rally and ability to re-engage when challenged.
"I think that's that's 100 accurate and no I mean Brant's coming back for sure but like you said Ted Nafi was getting a little lost out there and I think that like you were saying goes back to the mental maturity and then that that gets really exciting when you think okay you put it all together what kind of horse are you really because he's been really good to this point four starts four wins he's beaten a bunch of horses we've talked about stretched out fine the first time they backed it up the second time there
Resources
External Resources
Books
- "Sovereignty Journalism" - Mentioned as a past successful identification of a Derby winner.
Articles & Papers
- "Bloodlines Presented by Walmac Farm: Del Mar Futurity Winner Brant Keeps the Grade 1 Train Rolling for Sire Gun Runner" (Paulick Report) - Discussed in relation to the horse Brant.
- "Really, Really Talented Incredibolt Wins Street Sense with Last-to-First Rally, Earns 10 KY Derby Points" (Paulick Report) - Discussed in relation to the horse Incredibolt.
- "Risingstars/Blackout-Time" (Thoroughbred Daily News) - Mentioned in relation to the horse Blackout Time.
- "Risingstars/Englishman" (Thoroughbred Daily News) - Mentioned in relation to the horse Englishman.
- "American Pharoah's Mr. A.P. Gets the Nod in Santa Anita Maiden" (Thoroughbred Daily News) - Mentioned in relation to the horse Mr. A.P.
- "Further Ado Earns 10 Derby Points in Kentucky Jockey Club" (Horse Racing Nation) - Mentioned in relation to the horse Further Ado.
People
- Eric DeCoster - Guest on the podcast, providing analysis for the Kentucky Derby Top 10 list.
- Kevin Cole - Mentioned as a past guest and proprietor of Unexpected Points newsletter.
- Ted Noffey - Ranked #1 on the Kentucky Derby Top 10 list.
- John Velazquez - Jockey for Ted Noffey.
- Todd Pletcher - Trainer for Ted Noffey and a two-time Kentucky Derby winning trainer.
- Jaime Torres - Jockey for Incredibolt.
- Riley Mott - Trainer for Incredibolt.
- Flavien Prat - Jockey for Paladin and Brant.
- Chad Brown - Trainer for Paladin.
- Bob Baffert - Trainer for Brant and Desert Gate.
- Brad Cox - Trainer for Further Ado and Cannoneer.
- Jose Ortiz - Jockey for Englishman.
- Cherie DeVaux - Trainer for Englishman.
- Brian Hernandez Jr. - Jockey for Blackout Time.
- Kenny McPeek - Trainer for Blackout Time, Liberty National, and Universe.
- Antonio Fresu - Jockey for Mr. A.P.
- Vladimir Cerin - Trainer for Mr. A.P.
- Irad Ortiz Jr. - Jockey for Further Ado and Cannoneer.
- Steve Asmussen - Trainer for Chip Hancho.
- Jonathan (JK) - Co-host of the podcast, involved in video content creation.
- Nick Tamro - Mentioned for his observations on trainer Todd Pletcher's horses peaking in form.
Organizations & Institutions
- Kentucky Derby - The primary subject of the podcast episode and the focus of the Top 10 list.
- Del Mar - Location of the Breeders' Cup Juvenile race.
- Aqueduct - Location of the Remsen Stakes race.
- Keeneland - Location of the Breeders' Futurity race.
- Churchill Downs - Location of several races mentioned, including the Street Sense S. and Kentucky Jockey Club S.
- Oaklawn - Current location of Eric DeCoster, working in the racing office.
- Prairie Meadows - Past place of employment for Eric DeCoster.
- Hot Springs - Current location of Eric DeCoster.
- Santa Anita - Upcoming meet location mentioned in relation to Bob Baffert's horses.
- Woodbine - Location where a horse trained by Mark Casse shipped to race.
- Gulfstream - Potential future race location for Incredibolt.
- Fairgrounds - Potential future race location for Incredibolt and Cannoneer.
- Florida - Where Riley Mott typically bases his horses for the winter.
- Holy Bull - Potential race for Ted Nafi.
- Fountain of Youth - Potential race for Ted Nafi.
- Florida Derby - Potential race for Ted Nafi.
- Bluegrass - Potential race for Ted Nafi.
- Breeders' Cup - Major race series mentioned in relation to several horses.
- Daily Racing Form - Mentioned in comparison to Eric DeCoster's Derby list creation.
- In The Money Media - Production company of the podcast.
- Ten Strike Racing - Sponsor of the podcast.
- Therapeutic Horses of Saratoga - Charity partner of the podcast.
Websites & Online Resources
- americasbestracing.net - URL provided for Ted Noffey's race information.
- paulickreport.com - URL provided for Incredibolt's race information.
- bloodhorse.com - URL provided for Paladin's information.
- horseracingnation.com - URL provided for Further Ado's race information.
- thoroughbreddailynews.com - URLs provided for Blackout Time, Englishman, and Mr. A.P.
- twinspires.com - Website mentioned for contests and qualifiers.
- in_the_money_podcast.com/horses - Website mentioned for Therapeutic Horses of Saratoga.
Other Resources
- Kentucky Derby Top 10 for 2026 - The main list discussed in the episode.
- Beyer Speed Figures - A metric used to evaluate horse performance.
- Future Pool 2 Odds - Betting odds mentioned for various horses.
- International Prices - Betting odds mentioned for various horses.
- Grade 1 (G1), Grade 2 (G2), Grade 3 (G3) - Racing classifications for stakes races.
- Breeders' Cup Juvenile - A significant race for two-year-olds.
- Breeders' Cup Juvenile Fillies - A significant race for two-year-old fillies.
- Street Sense S. - A stakes race mentioned.
- Remsen S. - A stakes race mentioned.
- Kentucky Jockey Club S. - A stakes race mentioned.
- Maiden Special Weight - A type of horse race.
- Stars of Tomorrow Card - A specific racing day at Churchill Downs.
- Breeders' Futurity - A stakes race mentioned.
- Santa Anita Derby - A prep race for the Kentucky Derby.
- Pegasus Weekend - A racing event mentioned.
- Synthetic Championships at Turfway - A racing event mentioned.
- Kentucky Derby Betting Challenge - A contest mentioned.
- Triple Crown season - The series of races including the Kentucky Derby, Preakness, and Belmont Stakes.