In Horse racing betting does the favourite usually get shorter odds closer to the race?

Question

In Horse racing betting does the favourite usually get shorter odds closer to the race?

Answer 1

  No.. while the horses are loading..watch the tote board closely..

  Any one of the horses can drop in price (odds)

  This is called "late money" and it usually is "smart money"

Answer 2

the serious money is coming in.....

Answer 3

Depends.

Sometimes it happens but sometimes an outsider will gain heavy backing a few minutes before the race.

When the race actually starts, the initial favourite may in fact be second or third favourite.

Answer 4

All depends how strongly fancied it is to win.How much money is bet on it.

Answer 5

Watch for action on the toteboard as the horses load into the gate. Wiseguys want the best value for their money so they wait until the last minute. They don't want uninformed bettors to bet their horses down, thus taking money from them if the horse does come in. In these cases, often the favorite's price will increase.