What are Co-favourites ?
Players call bets Co-favorites when there is a higher chance of winning. The word is more commonly used in sports like horse and greyhound racing. However, it can also be used in other popular events like TV programmes, politics and so on. Examples of other games where you can find the use of the word are in rugby matches, Formula One Grand Prix and sports like Football league championships and so on. Most of the time, the word is used dynamically to identify potential winners in a competing tournament.
Co-favourites Explained
Some refer to the term as ‘joint favourites’; it is used to recognise and at the same time know, the participants in an event who are considered to be the favourites to win in the contest. For example, if there is a competition among two horses listed as 7/1 co-favourites, you can place a bet of either of them at a starting price. If any of the horses you choose wins 7/1, you will be paid out at that price in seven places. Placing a $10 bet on the winning horse will automatically earn you $70 with your $10 stake. When there is more than one favourite competing to win a game, that does not in any way affect your chances of winning and does not have anything to do with the amount you earn.
As games differ, you may find a lot of favourites listed in some prestigious horse races depending on the size of the field of action. For example, the Cheltenham horse-racing festival features up to thirty competitors as the festival is organised on a more extensive ground, allowing spectators to have more choice in games to select. Events of this nature, with a large number of favourites, show that the competitors are greater and the risk-taking level is higher in the betting market.
MOST POPULAR ONLINE CASINO & SPORTSBOOK WIKI TERMS
Corner Bet
What is a Corner Bet ? A term associated with roulette, ‘corner bet’ is a type of bet…
Natural Royal
What is a Natural Royal? People love games, regardless of the type as long as the game displays…
Tutkia Limited
MELbet belongs to Tutkia Limited registered in Nicosia, Cyprus, which operates under Pelican Entertainment Limited. The company holds…
Motorbikes
Introduction to Motorbikes Betting There are two distinct types of motorbikes racing: speedway and Moto GP. Both categories…
Card-Room
What is a Card-Room ? People are confused between a card-room and a poker room. But they are…
Caribbean Hold Em
What Is Caribbean Hold Em ? A modern edition with standard poker, is the Caribbean Hold Em, similar…
Verified by Visa
Verified by Visa, or simply VbV is well understood as an extra layer of protection for defending the…
VIVO Gaming
Gaming can provide you with a high level of relaxation and entertainment. If you want to step up…