Should I bet on favourites in stakes horse racing betting?

Question

Stakes horse racing is one of the most wagered horse racing betting event. I would like to know, is it profitable to bet on favourites in stakes horse racing betting?

Answer 1

Betting favorites have won about 44% percent of the Belmont Stakes. Odds-on favorites are a less productive 12-for-30 and the last five were defeated. The last odds-on favorite to win the Belmont was the last Triple Crown winner, Affirmed in 1978. Big Brown was favored to win the Belmont Stakes and become a Triple Crown Winner; however, he finished in last place.