System: Back horses who ran yesterday and are favourite today

Date created: 27-Aug-00
Initial Results:
40% strike rate, 29% profit

Why does it work?: Punters are seriously underbetting this kind of horse. All next day runners do not make a profit. But those who are favourite win as often as a regular favourite but have the added advantage of being fit and strongly fancied by connections. The odds available for them is higher than it should be, thus a value bet can be had

Source: www.flatstats.co.uk