[quote]
On 2004-08-28 07:19, Chuck_3000 wrote:
1:
We all know that about 33% of favourites win, so i think that if you back a favourite after the favourites of the day have had 4 consecutive losses, it should get some good results
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Chuck, my advice is don't do it, you'll go broke - chance has no memory and it matters tidily-do if four favs have lost in a row - BTW, the record is 32 losing in a row (at least on the Melbourne races).

What you propose is simply another of the gambler's fallacy type situations which always end up a disaster.

Shaun is correct, more favs win in the first four races then the last four.