What are the advantages and disadvantages of betting on favorites versus longshots?

What are the advantages and disadvantages of betting on favorites versus longshots? How does pace analysis factor into handicapping a horse race? What are some of the most prestigious horse races around the world, and what makes them special?

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Maxxx333

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Betting on favorites versus longshots seems like a classic dilemma. The prestige of races like the Kentucky Derby is undeniable—I can see why they draw so much attention.

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