In practice, when a race or match features co-favourites, it indicates a high level of uncertainty regarding the outcome. This situation can arise in various sports, including horse racing, football, and boxing, where multiple athletes or teams exhibit similar form, skill levels, or historical performance against one another. Bettors should be aware that while co-favourites suggest parity, other factors, such as recent performance or injuries, can influence the final result.
Co-Favourite Example
For example, in a horse race, if two horses are both given odds of 3/1 by bookmakers, they are considered co-favourites to win the race. If a bettor places a wager on either horse, they would receive the same payout odds should their selected horse win.