by Derek Simon
In my last podcast, I prattled on a bit about underlays. What is an underlay you ask? Well, at least in horseracing circles — it may mean something completely different in, say, pro golf circles — an underlay, or “false favorite,” is a horse with odds that are lower than its expected chance of winning. Of course, as a gambler, I shun such steeds like they’re Tiger Woods at an event hosted by Focus on the Family (my final Tiger joke, I promise).
youbet.com horse racing blog - talking about thoroughbred and harness racing 