Celebrity chef Bobby Flay's horse Crudo was a long shot to win Saturday's 2025 Belmont Stakes, but Crudo finishing in last place left the Flay and his horse pretty, well, burnt by the whole ordeal. Indeed,

No. 7 Journalism (8-5) and No. 2 Sovereignty (2-1) are essentially co-favorites to win the race, and their combined implied probability suggests that one of these horses will win the Belmont Stakes 72 percent of the time.

Today, the Belmont Stakes is set to host a rematch in New York of the top three finishing horses from the Kentucky Derby.