Do you prefer Long Shots of Favorites??

Answer 1

Well, it's obviously better to cash in on a longshot than it is to cash in on a favorite, but if the horse doesn't come in, the odds are moot. Statistics vary somewhat from track to track and by the type of race, but a general rule of thumb is that favorites win 1/3 of the time. I try to figure out which horses are most likely to win and bet on them; sometimes these are the favorites, but often they aren't. A good play is to look at horses that were favored by the oddsmakers in the morning, but that bettors are overlooking. Occasionally the public will fall in love with some horse and make it even money, meanwhile letting a perfectly good horse drop from 5-1 to 12-1. You can cash in when that happens.