Louisville, Kentucky (CNN) -- I'll Have Another cut loose on the home stretch to run down Bodemeister and earn the first Kentucky Derby wins for his rider and trainer Saturday. 

I'll Have Another, with a finish of 2:01:83, earned nearly $1.5 million of the $2.2 million purse. 

That's quite a payoff for a horse that was purchased last year for the modest sum of $35,000. 

Jockey Mario Gutierrez, making his Derby debut, called I'll Have Another a steady competitor. 

"They didn't believe (I'll Have Another) could have made it this far," Gutierrez said. "But even if they wanted me to pick (any horse in the field), I would have stayed with him." 

The winner had 15-1 odds; Bodemeister was at 4-1, according to the Derby website. Dullahan, with 12-1 odds, also made a late run and finished third. 

I'll Have Another defeated Bodemeister by more than one length at the 1Â¼-mile classic, attended by a record Churchill Downs crowd. 

The 138th running was marked by a couple of other Derby firsts: It was the first victory for trainer Doug O'Neill and the first win from the No. 19 post position with a full field. 

O'Neill called Gutierrez "the man" for his own performance. 

"He was just so confident," O'Neill told NBC. "We had such a brilliant race." 

Bob Baffert, a Derby stalwart and the trainer of Bodemeister, said he was "really proud of the way" his horse ran. 

"He just came up a little tired," Baffert told NBC afterward. 

Having won all three races he's participated in this year, O'Neill said he was excited for the next leg of the Triple Crown -- the 137th edition of the Preakness, set for May 19 in Baltimore. "Maryland, here we come," he said. 
Who won the Kentucky Derby?
When did he pull away?
Who came in second?
Who was the jockey?
Has he won the Derby before?
Has he raced in the Derby before?
What were the winning horse's odds?
How much did he win?
What was the total amount of money available?
What time did he finish in?
Who was his trainer?
Has he won the Derby before?
How many Derbys have their been?
Who came in third?
What were Dullahan's odds?
Was Dullahan near the front for the whole race?
What big race is next?
Which part of the Triple Crown is next?
What is it called?
When will that be?
I'll Have Another
I'll Have Another cut loose on the home stretch to run down Bodemeister and earn the first Kentucky Derby
on the home stretch
I'll Have Another cut loose on the home stretch
Bodemeister
I'll Have Another defeated Bodemeister
Mario Gutierrez
Jockey Mario Gutierrez
no
Louisville, Kentucky (CNN) -- I'll Have Another cut loose on the home stretch to run down Bodemeister and earn the first Kentucky Derby wins for his rider and trainer Saturday. 
unknown
unknown
15 to 1
The winner had 15-1 odds
1.5 million
 earned nearly $1.5 million
2.2 million
$2.2 million purse. 
2 minutes and 1.83 seconds

I'll Have Another, with a finish of 2:01:83, earned nearly $1.5 million of the $2.2 million purse. 
Doug O'Neill
It was the first victory for trainer Doug O'Neill
no
 It was the first victory for trainer Doug O'Neill and the first win from the No. 19 post position with a full field. 
138
The 138th running
Dullahan
Dullahan, with 12-1 odds, also made a late run and finished third.
12-1
Dullahan, with 12-1 odds, also made a late run and finished third.
no
Dullahan, with 12-1 odds, also made a late run and finished third
The Triple Crown
Having won all three races he's participated in this year, O'Neill said he was excited for the next leg of the Triple Crown -- the 137th edition of the Preakness, set for May 19 in Baltimore. "Maryland, here we come," he said. 
the Baltimore leg
Having won all three races he's participated in this year, O'Neill said he was excited for the next leg of the Triple Crown -- the 137th edition of the Preakness, set for May 19 in Baltimore. "Maryland, here we come," he said.
the Preakness
Having won all three races he's participated in this year, O'Neill said he was excited for the next leg of the Triple Crown -- the 137th edition of the Preakness, set for May 19 in Baltimore. "Maryland, here we come," he said.
May 19th
the 137th edition of the Preakness, set for May 19 in Baltimore