EXACTA- Bernandini to Bluegrass Cat, How does this lose?

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I am not trying to tout an Exa with two heavy favorites, I am just saying
I don't remember a race where 2 horses stood out as much as they
do in this one.. There is no one in this race except this two...

I know these are 4-legged animals, but I would be very surprised to
see anything other than Bernandini winning and Bluegrass Cat
finishing 2nd.. Your thoughts?

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11th Race Off: 6:33

1 1/4 Miles. 3 Year Olds Stakes Purse: $1,000,000
# Horse Jockey Weight Win Place Show

5 Bernardini Castellano J J 126 2.70 2.10 2.10
7 Bluegrass Cat Velazquez J R 126 2.50 2.60 3 Dr. Pleasure Velasquez C 126 4.70

Finish Time: 2:01.60

Scratched: Kip Deville
Also ran: Hesanoldsalt, High Cotton and Minister's Bid
Winning Trainer: Albertrani Thomas - Owner: Darley Stable
$2 Exacta (5-7) Paid $5.00
$2 Trifecta (5-7-3) Paid $35.20
$2 Pick 3 (1-2-5) 3 Correct Paid $7.60 Pick 3 Pool

$2 Pick 4 (7-1-2-5) 4 Correct Paid $58.00 Pick 4 Pool

$2 Pick 6 (1-6-7-1-2-5) 5 Correct Paid $13.60 Pick 6 Pool

$2 Pick 6 (1-6-7-1-2-5) 6 Correct Paid $515.00 Pick 6 Pool

$2 Daily Double (2-5) Paid $5.40 Daily Double Pool

[Seattle Slew]

I played it small on the hope Bluegrass Cat would pull the upset. I think it was paying $12 the other way. I'm now convinced on Bernadini as the top 3-year-old, although I still think Lava Man can beat him in the BC Classic.

Plus, the owners have so much invested in this horse for stud duty they might not even run in the BC Classic if anything goes wrong with the horse. Unlikely he'll race as a 4-year-old.