1999: Excellent Meeting and General Challenge
For the 20th straight year, the betting favorite failed to win it all. In 1999, both of Bob Baffert's horses entered the race with 9-2 lines, but Excellent Meeting (left) finished fifth while General Challenge (right) took 11th. The winner? Charismatic. With 30-1 odds, Charismatic (inset) moved up from the middle of the back to take the lead for good.