Favorite-Longshot BiasHorse RacingHorse Racing AnalyticsMarket EfficiencyOdds and MispricingQuestionsRacing-Specific Strategies4 Min Read Betting Researchon24/02/2025Question: Are morning line odds a reliable predictor of race outcomes? Research on racetrack betting efficiency has produced mixed findings, with some studies suggesting that betting markets are largely efficient,…
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…