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Las Vegas bettor wins $150K on $500 Kentucky Derby futures wager

A Wynn Las Vegas bettor won $150,000 on a $500 futures bet placed on Justify at 300-1 odds in February to win Saturday’s Kentucky Derby.

The wager was made four days before Justify won his first race Feb. 18 at Santa Anita Park.

Wynn Las Vegas sports book director Johnny Avello said he got a call from a respected horse player he knows requesting odds on the colt and he initially offered him 250-1.

Avello said he moved the odds to 300-1 mostly because of the fact that no horse since Apollo in 1882 had won the Kentucky Derby after not racing as a 2-year-old.