There’s no shortage of ways to pick the winner of a horse race. One of them is through a process of elimination.
Given the fact that there’s only one winner of a race and six or seven or eight or more horses who come out on the losing end, it’s definitely easier to a pick a loser than a winner. And when that toss-out is the betting favorite, it can surely open the door to a nice payoff.
Spotting a bad favorite isn’t easy, but some do stick out.