Strike rate for favorites in Horse Racing is about 33%.

As a great Dogs fan [once apon a time ago], I think they are a largely overlooked area of profit potential. Although without the glamour and high profile of the Horses, for
fast and furious action, nothing beats them [definately a young mans game].

I still have the odd night on them at the pub and find a 1x4 e/w on the second favorite keeps me out of trouble and often is quite rewarding. Some research in place betting for profit on the dogs, might yeild somthing very worthwhile bet on Divi+ or Sportsbet [not TAB], if you can take the pace!