Is it Possible to Benefit from Betting on Short-Priced Favorites in Horse Racing?

Any sport contains the phenomenon of favorites and underdogs where the first ones win more frequently, while wins of the latter produce more excitement and interest. When it comes to betting, it should be clear that it is a favorite that obtains the greatest part of wagers being placed. However, this does not obviously mean that the favorite will win. There are a lot of cases when underdogs manage to achieve the unexpected success. Thus, it is necessary to understand precisely the real chances of favorites beating underdogs and vice versa. So, the given article will provide the necessary guide for this.

The Notion of Poor Value Favorites Explained

Poor value favorites are said to be a perfect opportunity for you to benefit from. Some years ago, it was extremely easy to identify such runners because their odds were heavily influenced by a number of external factors. Here, the best example was a horse that had already won a few races in the day. Thus, prior to the next events, numerous bookmakers tended to place a lot of money on the horse in order to shorten the real odds. If you understood the artificial odds reduction, you would be able to place a corresponding wager featuring a rather good winning probability.

Nowadays, however, the situation is a bit worse for ordinary gamblers. The case here is that modern bookmakers do all their best in order to perfectly balance every event published. Thus, even if a huge sum of money is placed on a certain outcome of a single event, the odds for all the outcomes of the same event are adjusted. As a result, every price precisely reflects the real probability of this or that event occurring.

Nevertheless, the information mentioned above does not mean that it is impossible now to benefit from betting on poor value favorites in horse racing. The best variant to do it is to bet against the crowd i.e. find the runners with higher odds and place Each-way wagers on them. Using this strategy, you will be able to achieve the desired results.

How to Find Poor Value Horses?

Fortunately for gamblers, there is a certain guide to help them find the suitable conditions for benefiting from the poor value runners. First of all, you should focus on 8-10 runner races only. Moreover, the presence of few horses with the real chances of winning is the main characteristic feature of these races. As a rule, the conditions can be found in races among novice runners where the Each-way betting possibilities can result in quite attractive benefits.

Under the conditions above, it becomes clear that almost each of the horses is overbet highly. If you still want to make sure, the best variant is to price up races to 100 percent by yourself. This fact will help you to identify precisely which horse can be considered as poor value one.

At present, trading with the help of special robots is becoming more and more popular. Used by professional traders only, this approach allows them reducing favorites odds when it is convenient for them. In other words, these punters make the prices move to a particular direction according to a certain amount of money being placed on a single outcome. As a result, they manage to regularly achieve significant benefits. This approach creates the beneficial liquidity in the market. However, you should always remember that a short-priced favorite is not always a vehicle for trading. Sometimes, it is just a horse with extremely high chances of winning a race. So, it is up to you to you to decide which situation you currently deal with.

Below, we have an example where there are no beneficial opportunities offered by short-priced runners. This can be found when extremely famous stables team up with highly skillful runners. In this case, there should not by any doubts at all that the prices reflect nothing but horses’ real chances of winning their races.

On the other hand, there is a sense of betting against some favorites in the following case. For example, let us imagine that there is a horse that has won his first race in the day. After that, this very horse is considered to be as “unbeaten” despite the objective conditions of his first race. In most cases, many people tend to place money on it, which will correspondingly reduce the price. The more reasonable decision here is to analyze the “star” horse’s opponents and find a more consistent runner. In this case, Each-way betting on the second horse is said to have the higher probability of obtaining any winnings.