Of the 118 gray or roan horses to enter the Derby since 1930, only eight have won the race. Three gray horses won the Derby between 1997 and 2005 but only one has finished better than third in the last 20 years. Of the 42 gray or roan horses to enter the Derby in that span, five have finished in the money.

Need some help with your Kentucky Derby bets this year? We asked racing experts from around the country for their picks.