Hi all
what I am alluding to here is as follows.
The FAV is selected by the masses in the tote. In the tote the price is either slightly over or under break even. It is over bet when short and also when long. The other fav's (2,3,4 &5) are all relative to the price of the favorite.
Take for instance the FAv at $2.50. It is evenly bet needing $2.47 to breack even. The chance of the second fav getting up is 21.03% translating into $4.05 to break even. The third fav's odds are 14.36% or $5.92 to break even.
the fourth 10.51% or $8.09 and 6.39% with $13.30 for the fifth fav.

Hence if we were backing the fav and it was $2.50 on the tote, we would have to get at least $2.75 or better and it would have to be with Betfair or a bookie. If we were backing 2nd favs then we would have to get $4.45 or better within the tote (underbet) or elsewhere.

I was originally looking at the third fav. The average win divvy is $6.23. I was thinking to just bet the third fav when I could get $6.23 or better. Then I realized that it is still relative to the FAV's price thus it was wrong thinking.

I can smell an advantage in there somewhere
Regards Beton