Horse Racing Data Analysis 2024

Australian Horse Racing Statistics – How Often Does The Favourite Win?

Michael Kruse
27 October 2024

It’s been a while since we last reviewed the numbers on favourites winning, and much has changed.

We’re excited to share our latest insights for 2025, updating a piece first written on September 12, 2021.

In this analysis, we’ve examined 56,616 Australian thoroughbred races from February 1, 2022, to April 2025, giving a fresh look at how often favourites come out on top and how their performance affects profitability.

 

Before we dive into the findings, a big shoutout to our friends at Rapro - Enquiry form mkruze. If you’re serious about data-driven betting, Rapro offers some of the best resources for maximising your edge in horse racing.

 

So, Let’s Dig Into The Numbers!

  • 56,616 races.
  • Data from Feb 2022 to April 2025.
  • Thoroughbreds only.
  • Betfair commission already deducted from profit.
  • Dead heats & equal favourites included. This is why some numbers are over 100%
  • Insights in this article were created using the Racing Analytics Expert Form Database - Enquiry form mkruze.

Total Records For Favourite Winners

This table shows all records by favourite order. Number 1 is the favourite, number 2 is the second favourite, and so on. Note that dead heats and equal favourites affect the total number of races.

The profit shown is the total of all monies returned on the winner less the total number of races – e.g., if you put a $1 (1 unit) bet on each available race, this would be your profit.

Fav OrderRunnersWinnersWin StrikeReturnProfit
1566161989735.1454661.33-688.61
2569841134419.9152659.82-860.80
357193767013.4152337.69-632.49
45708454969.6352969.45-372.06
55650138696.8552062.25-297.41
65449227265.0049862.08-169.90
75079518293.6048546.74-109.22
84453211452.5741284.35-81.15
9361816411.7730937.12-87.73
10267503601.3523050.55-42.35
11174111831.0515096.62-21.03
1210059910.908665.40-3.54
134812280.583697.34-9.67
14224060.27491.41-8.23
1572340.55376.91-0.49
1626710.3776.60-0.49
177011.43130.270.51
183213.13249.320.78
191300.000.00-0.06
20200.000.00-0.01
21100.000.00-0.01

How often does the favourite horse win?

Over 56,616 races, the favourite wins 35.14% of the time. If you backed every favourite for $1, you would have lost $688.61 over 56,616 $1 bets placed.

How often does the second favourite horse win?

Over 56,984 races, the second favourite wins 19.91% of the time. If you backed every second favourite for $1, you would have lost $860.80 over 56,984 $1 bets placed.

How often does the third favourite horse win?

Over 57,193 races, the third favourite wins 13.41% of the time. If you backed every third favourite for $1, you would have lost $632.49 over 57,193 $1 bets placed.


Comparison of Favourite Win Rates Across Track Types

This table compares how often favourites win on country, metro, and provincial tracks.

Track TypeRunnersWinnersWin StrikeReturnProfit
Country280891006535.8327380.60-291.94
Metro14094465233.0113445.02-214.67
Provincial14433518035.8913835.71-181.99

Clearly, simply backing favourites does not guarantee profit, regardless of track type. Although the win rates are similar, the difference in theoretical profit is significant.


Which Track Is Best?

This table shows how often the favourite wins at each track and highlights which track is most profitable.

Track NameRunnersWinnersWin StrikeReturnProfit
Albany41614234.13377.61-11.12
Albury35913337.05369.843.12
Ararat1665432.53140.48-8.09
Armidale2197333.33197.11-6.41
Ascot136747935.041340.41-15.01
Avoca531833.9652.040.07
Bairnsdale1694928.99142.34-8.43
Balaklava32611234.36337.59-0.04
Ballarat46016736.30445.64-3.89
Ballarat Synthetic44615434.53393.34-19.25
Ballina2407832.50209.11-12.70
Barcaldine361438.8939.091.04
Bathurst2329641.38237.730.17
Beaudesert2618331.80228.41-12.43
Beaumont1184840.68118.973.72
Belmont130046936.081312.564.42
Benalla26810639.55302.118.31
Bendigo63019931.59563.11-20.46
Birdsville542342.5947.73-2.96
Blackall8337.507.980.22
Bordertown1324030.30118.28-3.47
Bowen552749.0964.053.77
Bowraville411639.0239.910.32
Broome1836032.79160.97-6.39
Bunbury33212838.55356.794.21
Bundaberg17635.2916.36-0.32
Burrumbeet24729.1717.67-2.66
Cairns47616835.29422.27-18.65
Camperdown271037.0423.95-0.52
Canberra52518334.86486.16-15.36
Canberra Acton872933.3379.18-4.41
Canterbury Park54417732.54501.14-15.66
Carnarvon1936031.09164.66-11.17
Casino26830.7723.130.06
Casterton1436041.96166.476.83
Caulfield55516028.83496.92-19.13
Caulfield Heath943436.1797.39-0.17
Chinchilla351851.4354.955.26
Clare803341.2594.464.51
Cloncurry211152.3830.323.36
Coffs Harbour2738029.30242.53-12.68
Colac823542.68104.705.14
Coleraine482143.7563.634.27
Collie20735.0017.30-0.29
Coonabarabran551832.7352.49-1.71
Coonamble913336.2690.53-2.52
Cootamundra16425.0011.62-1.32
Corowa1204537.50119.42-1.12
Cowra651624.6243.17-7.60
Cranbourne62224038.59645.914.37
Dalby1856233.51174.80-3.34
Derby13861.5419.702.50
Devonport Synthetic41013933.90377.38-6.30
Donald1545133.12140.22-2.70
Dongara14535.7114.970.44
Doomben116439433.851094.72-22.15
Dubbo46216936.58471.074.26
Dunkeld16637.5016.43-0.21
Eagle Farm102135234.48981.03-5.37
Echuca2929030.82243.03-12.43
Edenhope271037.0430.020.85
Emerald321443.7534.051.21
Esperance27010840.00327.8416.64
Ewan22418.1810.84-3.73
Fannie Bay73924032.48650.98-34.47
Flemington64820231.17659.890.58
Forbes421330.9538.64-1.61
Gatton41114034.06397.44-7.46
Gawler41515437.11443.4012.45
Geelong70225336.04748.754.36
Geraldton49717034.21443.43-16.89
Gilgandra1153833.04107.66-2.14
Glen Innes19842.1122.161.63
Gold Coast51918635.84498.94-0.52
Gold Coast Poly53021240.00511.26-4.16
Gosford44115635.37416.00-14.99
Goulburn49217435.37437.93-16.77
Grafton65522834.81649.61-8.69
Great Western241250.0031.022.36
Griffith12433.3310.57-0.20
Gunbower7228.576.09-0.56
Gundagai1204235.00106.87-1.06
Gunnedah1696739.64183.696.31
Gympie191368.4239.586.14
Halidon1516.673.81-3.03
Hamilton1876233.16158.56-6.28
Hanging Rock231252.1738.154.26
Hawkesbury66025037.88642.27-2.50
Hobart61520232.85547.12-19.78
Home Hill502142.0055.551.81
Horsham1344634.33126.63-5.52
Innisfail472042.5550.803.14
Inverell893438.20101.903.88
Ipswich115638433.221002.60-45.61
Junction12433.3311.16-0.34
Kalgoorlie47517737.26475.650.46
Katherine22313.649.64-4.45
Kembla Grange75328838.25734.84-0.70
Kempsey1314836.64135.190.99
Kensington33310732.13306.56-10.92
Kerang551527.2752.26-2.63
Kilcoy2459438.37271.756.02
Kilmore2289441.23250.076.34
Kingscote29620.6915.50-3.56
Kununurra451635.5636.70-2.30
Kyneton30010334.33276.38-2.77
Launceston73325935.33697.31-10.44
Laverton18422.229.51-4.20
Leeton20525.0013.42-2.65
Leinster19631.5813.90-2.49
Leonora19947.3721.191.10
Lismore1816737.02168.09-4.17
Longford22731.8217.90-0.92
Longreach29931.0323.87-0.66
Mackay58423339.90544.10-9.47
Manangatang25832.0025.50-0.10
Marble Bar12541.6712.570.35
Meekatharra6466.678.981.28
Mildura1054441.90113.351.78
Mingenew8337.505.90-0.31
Moe38012933.95381.38-1.45
Moonee Valley66622033.03632.31-13.26
Moora18527.7812.84-2.13
Moree1194235.29123.40-0.85
Mornington48515832.58426.83-18.12
Morphettville74122330.09658.96-26.54
Morphettville Parks59820233.78600.69-4.03
Mortlake16425.0010.72-1.43
Moruya2869533.22268.43-5.80
Mount Barker983232.6593.82-2.24
Mount Gambier2849433.10290.783.38
Mount Isa582746.5567.701.08
Mount Magnet19526.3214.07-1.29
Mudgee1445135.42134.97-3.08
Murray Bridge Gh59518631.26569.40-7.09
Murtoa471634.0448.080.72
Murwillumbah1926935.94160.15-9.18
Muswellbrook42516037.65407.58-5.62
Nanango7228.574.85-0.67
Naracoorte1384834.78148.553.44
Narrandera942425.5370.04-6.52
Narrogin1424430.99130.41-3.16
Narromine843035.7186.49-0.09
Newcastle97834134.87904.20-28.66
Nhill21628.5712.44-2.41
Northam47616935.50434.19-11.14
Nowra25610741.80276.615.52
Oakbank1534932.03158.53-0.55
Orange2218739.37222.41-2.34
Pakenham66724136.13638.09-13.32
Pakenham Synthetic44115034.01420.00-6.48
Parkes371745.9545.452.24
Penola1023029.4198.63-2.24
Penshurst231252.1735.033.84
Pingrup18633.3316.91-1.12
Pinjarra46616234.76428.69-11.56
Pinjarra Scarpside2679435.21261.65-2.27
Pioneer Park65924637.33637.79-7.02
Port Augusta1806133.89190.960.16
Port Hedland712636.6267.04-0.66
Port Lincoln35711131.09354.44-4.75
Port Macquarie34413037.79359.515.71
Queanbeyan27210438.24286.753.53
Quirindi1023231.3789.88-4.57
Randwick89526329.39834.37-19.18
Rockhampton81434842.75808.730.54
Roebourne873337.9387.84-0.34
Roma32928.1321.42-2.76
Rosehill74022430.27673.32-14.29
Sale43817038.81466.764.91
Sandown Hillside57819533.74596.633.70
Sandown Lakeside43815234.70436.036.10
Sapphire Coast24710241.30293.8212.52
Scone49220641.87541.5715.19
Seymour2268236.28223.570.20
St Arnaud24416.6711.13-3.87
Stawell1174639.32120.641.74
Stony Creek1233830.89106.61-5.24
Strathalbyn3409026.47270.44-21.16
Sunshine Coast144450935.251363.75-20.66
Sunshine Coast Poly2129544.81238.398.67
Swan Hill2589135.27259.99-2.28
Tamworth49317435.29445.84-12.58
Taree47918137.79489.776.02
Tatura702434.2961.15-1.27
Tennant Creek20420.0010.07-3.32
Terang1636238.04177.170.68
Thangool572238.6051.24-0.87
Toodyay8337.509.350.35
Toowoomba103038537.381008.37-6.29
Townsville78829537.44756.68-5.75
Towong291137.9324.80-0.77
Traralgon35925.7124.10-3.04
Tumut251456.0044.464.81
Tuncurry1545737.01156.02-0.16
Wagga51918134.87511.39-4.50
Wagga Riverside812834.5777.71-1.52
Walcha33824.2427.63-2.09
Wangaratta2528433.33270.870.90
Warracknabeal1595132.08143.04-6.79
Warren822125.6164.61-6.12
Warrnambool45315935.10447.75-2.40
Warwick2538232.41242.87-5.07
Warwick Farm49516934.14488.07-2.65
Wellington1464732.19123.37-9.77
Werribee2157635.35222.611.42
Wodonga2176630.41183.22-8.03
Wycheproof13323.089.53-1.00
Wyong54322040.52557.601.07
Yarra Valley1966935.20187.93-4.15
Yeppoon451840.0040.14-0.13
York1586037.97179.125.91

So, which track is most profitable? On the raw numbers, Esperance tops the list for favourites (+$16.64), with Scone (+$15.19) and Gawler (+$12.45) close behind. These are smaller samples, so treat them with caution – but they reinforce the point that certain locations can yield better results when backing favourites.


Class Matters?

This table shows how often favourites win, broken down by race class.

Class CodeRunnersWinnersWin StrikeReturnProfit
MDN16592649439.1416042.22-228.45
BM586444203531.586299.05-36.76
CLS14311160437.214242.55-29.02
BM644042132232.713944.81-46.70
OPEN3753132035.173507.69-98.52
BM70199267733.991939.05-5.25
CLS2171159534.771623.80-28.08
CLS3157653133.691459.02-38.24
BM72138545532.851362.35-5.33
BM78126639431.121207.52-20.74
BM66113440135.361169.408.87
BM68109836533.241079.78-5.52
BM6295230832.35920.57-5.30
BM6090227830.82811.45-27.01
BM6586728332.64779.60-21.93
LR83026832.29759.16-20.56
BM5662919731.32645.94-2.36
BM5560120333.78606.16-1.07
BM5056017631.43580.796.39
G355217030.80504.22-13.74
RS0ME47015733.40439.68-7.37
BM5443812829.22436.57-3.49
CLS541413833.33385.24-7.94
G23169931.33282.44-10.72
CLS631113242.44325.258.37
RS1MW2869533.22292.770.04
BM522777627.44253.43-6.98
BM7627710337.18257.50-4.81
CLS427311341.39279.454.11
G12598432.43228.68-5.72
BM842477630.77240.24-5.97
BM742156429.77179.25-9.55
BM821735330.64150.48-7.98
RS0MW1576340.13192.269.35
BM751464228.77121.28-6.73
BM881445940.97163.697.00
BM461344432.84126.51-1.76
BM801123026.7997.95-5.75
BM100982323.4765.26-10.19
BM85963839.58114.485.47
BM90862124.4258.18-6.59
HRDLE551832.7343.91-3.99
MHDLE552647.2761.331.71
STPL522751.9275.845.77
BM45451431.1147.580.24
BM86432148.8453.454.46
BM48411434.1538.51-0.41
BM9437924.3224.82-2.75
CLSB20840.0017.27-0.67
SPEC18633.3312.95-2.03
BM5714535.7111.71-0.72
REST13538.4616.900.52
BM5912325.005.85-1.65
RS1ME12650.0019.332.03
BM6110220.005.81-1.83

In Steeplechase races, favourites win over half the time, with a 51.92% win rate and a positive profit of $5.77. This makes Steeplechase a particularly profitable race class for those backing favourites.

While other classes have a solid win strike, Steeplechase stands out for both its high win rate and positive returns.


Going The Distance

This table shows how often the favourite wins over the distance. Note the tracks were grouped to their nearest 100 meters. EG If the race was 1820m, it would be grouped together as an 1800m.

DistanceRunnersWinnersWin StrikeReturnProfit
80030012040.00290.88-1.27
90074630841.29792.5113.60
10006987255936.636639.09-119.26
11006533241937.036368.62-56.46
120011103392735.3710735.93-135.65
13004526158435.004352.07-58.63
14009056308534.078813.81-98.83
1500236180534.102231.23-47.13
16006633225534.006294.24-106.85
1700121439332.371140.16-31.69
1800135842831.521235.76-33.50
190088131435.64883.394.09
2000169154732.351574.50-37.71
210099035435.761004.724.08
220098535335.841004.857.86
23001003737.0096.970.11
240052318635.56570.7410.86
25002257432.89214.95-3.74
2600813340.7496.095.49
270014535.7114.740.70
280023730.4319.65-0.71
29004250.004.380.42
300035925.7125.41-2.96
310015320.0013.13-1.22
32001063835.85100.96-4.04
3300221150.0030.862.43
340013215.385.79-3.14
3500441738.6448.240.42
360010550.0014.451.80
380012650.0013.341.05
39009444.4410.310.87
400022100.003.470.74
4100200.000.00-0.91
42006350.004.730.22
4600200.000.00-0.56
4700100.000.00-0.30
55003266.6711.361.19

While the 900-meter distance shows the highest profitability, it appears that favourites have a better win strike rate at longer distances.

This insight suggests that, although short sprints can be profitable, favourites may find more consistency in success over extended distances.


Bit Of Fun – First Letter Of The Horses Name For A Winner.

We looked at the first letter in every horse’s name and winners across all races, It doesn’t really mean much but it is interesting nonetheless.

First LetterRunnersWinnersWin StrikePlace Strike
A31413330510.5228.70
B35955380510.5829.80
C35156370510.5429.66
D27064283310.4729.45
E15344161510.5329.28
F21995232610.5829.43
G19487196210.0728.57
H20590217110.5429.27
I14966161910.8229.79
J9627100210.4129.14
K14187148510.4729.94
L24520250010.2028.92
M4481143499.7128.33
N12889132510.2829.08
O13336141010.5728.80
P25379271910.7129.41
Q229924510.6630.54
R2805227969.9728.25
S63816657610.3029.09
T34259358610.4728.89
U395942310.6829.83
V843687010.3129.07
W15446160710.4028.60
X5176312.1930.17
Y314733710.7129.04
Z610865810.7728.91

In Conclusion

If you see a Favourite running at Esperance in a long distance and its name starts with an “X” – just back it

Now you know how often the favourite wins, put it to work – see our latest horse racing tips - Horse racing tips for today’s races. When you’re ready to back one in, the bookies we rate for the races - Horse racing betting sites australia are the ones we use ourselves.

Interested in more statistics? Check out our AFL Betting Statistics post - 15 years of afl betting statistics.

“Insights in this article were created using the Racing Analytics Expert Form Database.”

- Enquiry form mkruze

Author Michael Kruse

Michael founded KRUZEY after 15+ years betting on Australian racing - most of it learning expensive lessons the hard way. He's obsessive about form analysis and has a soft spot for finding value in the quaddie markets everyone else ignores. At KRUZEY, Michael covers racing tips, bookmaker reviews, and anything involving crunching numbers to find an edge. He's up before dawn most race days studying the fields, and reckons a well-constructed quaddie is one of life's simple pleasures. Connect on LinkedIn Email Contact