For the small punter though and I will assume that would be most forum members here [$2 to $50 bets] with smallish banks or more likely, a weekly punting allowance, there is probably no real joy in chasing tiny margins during a day of punting at short odds. The popularity here of exotic betting also points to this. Most punters are looking for a decent win. It may not be the most sensible approach, but it's there never the less. Any martingale approach with short favorites, just isn't an option for small punters.

Backing the right runner at decent odds though certainly creates it's own problems. Still, I'd rather have my money on something with a bit of odds and lose than a $2 shot. There is no maths that says in a particular race, a $2 shot has a better chance than an $8 shot [or more]. Good odds are getting up all the time. Sometimes for the whole meeting!