Peter Johnson Jr. stopped by Fox and Friends this morning (video above) to explain just how much of a longshot this year's Kentucky Derby winner really was. Though he was the betting favorite on Saturday, California Chrome came from very humble beginnings, unlike some of his rivals who were purchased by millionaires or billionaires for astronomical prices.

Johnson called it a story of "faith, family and American pluck," an example of "regular folks" hitting it big. California Chrome's mother was purchased for just $8,000 - peanuts in the world of thoroughbred racing - and then bred to a stallion that costs just $2,500. 

After "Chrome" proved himself in California, a Middle Eastern buyer offered owners Perry Martin and Steve Coburn a whopping $6 million for a 51 percent interest. They turned it down and rest is history.

California Chrome will race next in the Preakness on May 17 as he tries to become the first Triple Crown winner since 1978.

Art Sherman, who at age 77 became the oldest trainer to win the Derby, discussed the improbable triumph on Fox and Friends Sunday. Watch that interview below.