Coburn Collects 200-1 Bet

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5/24/2014
9:17 am EDT

By Dick Downey

Steve Coburn, co-owner of California Chrome, reportedly has collected on a 200-1 bet he made on the colt to win the Kentucky Derby.

The Las Vegas Sun reports that on Jan. 2, Coburn collected the bet he made at William Hill sports and race book. The amount was not disclosed.

The company has made up a blanket for the horse and will present it to Coburn on Wednesday at Sharkey’s Casino in Gardnerville, NV. Coburn lives in Gardnerville.