( CNN ) -- Oxbow , after a sixth-place showing at the Kentucky Derby , led wire-to-wire to claim victory Saturday at the 138th running of the Preakness Stakes . The horse , ridden by veteran Gary Stevens , dashed the Triple Crown hopes of Orb , which finished fourth at Pimlico Race Course in Baltimore . Itsmyluckday finished second and Mylute was third . Oxbow 's winning time was 1:57:54 over the 1 3/16-mile course , 4Â½ seconds slower than the record set by Triple Crown winner Secretariat in 1973 . Oxbow came into the Preakness as a 15-1 shot , and `` did n't get a lot of respect after the Derby , '' Stevens , who came out of retirement earlier this year , told NBC . Preakness Stakes : Fun facts about 'the middle sister ' The 50-year-old Stevens in January took a call from Oxbow trainer D. Wayne Lukas , who he told him `` I 'm going to have a colt for you . '' That colt was Oxbow . `` His mind was right '' on Saturday , said Stevens . He did n't expect his horse to go to the lead so early , but it did n't leave him gassed at the end . `` He exploded home coming off the turn , '' Stevens said . Orb , the Derby winner and a 3-5 favorite at the Preakness Stakes , got a clean start from the inside post but soon became boxed in on the rail where he started . He was hemmed in among the other colts , unable to stake a position on the outside as he had in rallying to victory at Churchill Downs on May 4 . The third Triple Crown race , the Belmont Stakes , is set for June 8 in New York . Stevens , a Hall of Fame jockey , said Oxbow maintained a `` nice , easy pace . '' `` What you saw out there was the way we trained , '' Stevens said . `` His ears were up so he was telling me he was comfortable and it was just like we worked out . '' Former racehorses get a second chance at life . It was the third Preakness victory for Stevens , who had settled into a second career as a race commentator before the call from Lukas . `` He 's like a brother , a coach and a father figure to me , '' Stevens said of Lukas , who now claims six Preakness winners . Crowning glory : The artful hats of horse racing . CNN 's Chelsea J. Carter contributed this report .
Oxbow leads Preakness Stakes from start to finish . 15-1 outsider ridden by Gary Stevens . - The first Triple Crown winner since Affirmed in 1978. 138th running of the famous race in Baltimore .