Originally Posted by crash

"To prove my point ( and TwoBETS please prove yours) Dr Ziemba et al demonstrated way back in 1984 that the place divvies on short priced favorites were inefficient. That is, backing shorties for the place could generate profits. Such inefficiencies in the place market across the three TABs still prevail today."

This well know anomaly re favorite odds, does seem to support the sentiments expressed in the first statement.