I understand the probabilty stats, I'm more interested in wether the market chases favs on a losing run, hence making them under the odds, seeing as they are not fixed as per the casinos and fluctuate in accordance to the weight of money being bet on them, SR has nothing to do with what I am asking. So many punters target favs, and start doubling up, or betting larger as each one looses, as in their mind 'the next one is bound to win,' which those of us with a basic ground in stats and probabilitys is a comlete fallacy.

But, maybe i cant put across clearly exactly what I am asking??