24th August 2003, 09:17 PM
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Member
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Join Date: Jan 1970
Location: Canberra
Posts: 730
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Quote:
On 2003-08-24 21:52, The Late Mail wrote:
Legion,Any punter who keeps backing short priced horses MUST go broke.The fact is that no more odds on favorites win than 5/1 favorites.
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You are joking aren't you? Around 50% of odds-on runners win (higher if you only look at Saturday Metro) and the LOT is only around 2%. Less than 15% of 5/1 favourites win and the LOT is around 12% (from memory - cant be bothered running the stats this late on a Sunday). Whilst few of my bets are actually in odds-on territory the $2.00-$3.00 range is certainly a fertile "feeding ground" if you know what to look for.
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