Furthermore, by assigning the favourite a probability of 0.3 and two other horses each a probability of 0.20 (which is significantly higher than the remaining runners’ 0.05 probability), Joe is suggesting that those three horses are likely to be competitive in this particular race, while also indicating that they could provide good value for punters who back them appropriately according to their respective odds on offer at the track or elsewhere outwith Ayr Racecourse itself.
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