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Picking negatives in the horse racing markets
Other Sports | 20-08-10
There is a given fact in sports betting and horse racing and it is that something or someone has to be favourite. Usually this favouritism is justified by the competitor or team or horse being superior to their opponent or the field. However often the favourite is only favourite because the market makes them so! What do we mean by this? Well simply there is no stand out competitor in a sporting event but either the bookmaking firms or the betting public move the price by weight of money and something becomes favourite.
Sometimes of course a competitor can become favourite by default and this can be caused by the betting public losing faith with the original favourite. So it is always a good policy with any sports betting and horse racing is a great example to try and find negatives as to why a particular favourite will not win. Usually if you look hard enough then you can spot them and especially with horse racing because there are so many races on any one day.
For instance if you see a horse that has had a lengthy lay off and that may be coupled with maybe running on a certain type of going for the first time then this could be a factor for this horse getting beaten. This is especially the case where there are strong cases for the second or third favourite stepping in and winning the race. Usually in competitive races then a particular favourite can be vulnerable and often gets beaten due to it having several negatives against it.
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