Short-priced Favourites  Many horse racing punters who consistently back heavily favoured, often odds-on, favourites do so in the belief that they are ‘on’ a horse with an obvious competitive advantage. This is not, necessarily, true. Fairly obviously, the shorter the odds the higher the strike rate, but the fact remains that, across the whole spectrum of horse racing, roughly one-third of favourites win. Therefore, two-thirds of favourites must, by definition, be ‘false’ favourites. Indeed, according to one study, backing every favourite that was sent off at odds between even money and 1/5 over the last 25 years or so would have resulted in a loss of just over 5% at starting price.

That is not to say that backing a short-priced, even odds-on, favourite is altogether a bad idea. Many such bets can even be combined with the various bookmaker horse racing offers out there. If a horse can be backed at odds which, in the eyes of the punter, are longer than the odds representing its true chance of winning, it could still embody value, regardless of the actual odds on offer. However, a typical ‘chalk eater’ – bookmaker parlance for a punter who bets, almost exclusively, at short odds – is often tempted to invest heavily on a selection, regardless of its winning prospects and/or regardless of whether or not the odds on offer represent ‘value’.

This latter approach is fraught with danger at almost every turn. The habitual short-odds punter must, even when winning, significantly beat the starting price in order to make just a very small profit. Similarly, the punter can expect a high strike-rate, consummate with prohibitive odds, but even a short losing run can be hugely costly, possibly wiping out a betting bank altogether or, at least, increasing the likelihood of chasing losses. No staking plan, however ‘foolproof’, can compensate for an adverse sequence of results and, consequently, punters have a little or no chance of making money by backing short-priced favourites in the long term. By contrast, the occasional, modest bet, on a short-priced favourite with excellent winning prospects – especially if the horse in question appears over-priced – is an attractive proposition, but consistently backing such horses willy-nilly is a route to the poorhouse.

Market Rasen Racecourse  Market Rasen racecourse is a horse racing track located in Market Rasen, Lincolnshire, England. It is well known for hosting National Hunt races. The right-handed course is oval in shape, and has a circumference of approximately one and a quarter miles. It stages a good number of fixtures annually, with the most high-profile fixture being the Summer Plate meeting. This meeting is scheduled for the third Saturday of every July. It features two races, the Summer Hurdle and the Summer Plate.

Racing in Market Rasen began in 1828. The races took place in different venues till 1924. At first, the racecourse hosted only one meeting called the Feast week racing, which was held in the autumn between 1828 and 1887. With time, a second fixture was added to the calendar and was held during spring season as from 1871. By the end of 1924, the racecourse had found a permanent venue at Willingham Road. The site was bought by four local men, who raised the money by themselves and bought a fifty acre piece of land. From 1945, Victor Lucas took over the responsibility of running the race track. He oversaw activities like planning the course layout and the paddocks. During this time, the total number of fixtures per year increased from three to twelve. Victor Lucas however died in 1971.

The most notable races held in Market Rasen are the Summer Handicap Hurdle and the Summer Plate. The summer Handicap Hurdle is scheduled to take place every late July. It is opened to horses aged three years and above. The race is run over a distance of 2 miles and 110 yards, an equivalent of 3,319 meters. Summer Plate on the other
hand is run over a distance of 2 miles 5 furlongs. The race distance was increased from 2 miles 3 furlongs in 2005. It is open to horses aged four years and above, and takes place every July just like the Summer Hurdle.