Another year of horse racing will pass without a Triple Crown.

Heavily favored Kentucky Derby champion Orb never got involved with the leaders Saturday, and watched from well behind as Oxbow won the 138th Preakness Stakes at Pimlico Race Course in Baltimore.

Oxbow, owned by Lexington's famed Calumet Farm, went to the front early and won the 1 3/16-mile race wire-to-wire with jockey Gary Stevens aboard. The winning time was 1:57.54.

Oxbow's victory was the sixth Preakness Stakes win for Hall of Fame trainer D. Wayne Lukas, who won his record-setting 14th Triple Crown race.

“I get paid to spoil dreams,” the 77-year-old Lukas said. “Unfortunately we go over here and you can’t mail ‘em in. It’s a different surface and a different time. You gotta line ‘em up and win ‘em.”

Two other horses who finished behind Orb in the Kentucky Derby -- Itsmyluckyday (15th) and Mylute (fifth) -- finished second and third, respectively, in the Preakness.

The Shug McGaughey-trained Orb, who had many fans dreaming of the sport's first Triple Crown since 1978 and went off at odds of 3-5 Saturday, wound up in fourth place.

"He did everything right," jockey Joel Rosario said of Orb after the race. "But after the first half-mile, he had a hard time."

McGaughey, so confident in the two weeks leading up to the race, was disappointed after seeing Orb's five-race winning streak end on a windy day at Pimlico.

“It was a great opportunity,” the Hall of Famer said. “We were 3-5 and we finished fourth. We’ll pack it up and go home. Hats off to Wayne.”

Oxbow, who finished sixth in the Kentucky Derby at Churchill Downs on May 4, went off as a 15-1 shot and gave the 50-year-old Stevens his third Preakness win just four months after Stevens came out of retirement.

“It’s so special,” the jockey said. “Wayne, he supported me. Put me on my first Triple Crown winner. A lot of people were trying to get me off. He was the first guy to call me up and said, ‘I’m going to have a colt for you. His name is Oxbow.’”

Oxbow paid $32.80 to win, $12 to place and $6.80 to show.

Itsmyluckyday delivered $7.80 and $5.

Mylute, with jockey Rosie Napravnik aboard attempting to become the first female winner of the Preakness, paid $5.20.

The victory was a long time coming for the dean of trainers, Lukas. The last time he won a Triple Crown race was the 2000 Belmont with Commendable. And before that, he was a regular in the winner’s circle after classic races. At one point, he ran off six in a row — from the 1994 Preakness through the 1996 Derby.

Lukas was tied with “Sunny Jim” Fitzsimmons for most Triple Crown wins before Saturday.

“I shared that record with a very special name,” Lukas said. “If I never broke it, I was proud of that. But I’m also proud to have it.”

The complete order of finish behind the top four was Goldencents, Departing, Will Take Charge, Govenor Charlie and Titletown Five.