Betting Market BehaviorBetting MarketsFavorite-Longshot BiasHorse RacingMarket EfficiencyPsychological Traps and BiasesPublic Betting BiasQuestions3 Min Read Betting Researchon23/02/2025Question: Is it possible to profit from betting on underdogs in horse racing? Research on horse racing betting markets has revealed a persistent favorite-longshot bias, where favorites are underbet and longshots are…
