How often do heavy favourites actually win?

Real win rates for football favourites priced below 1.60 at closing, compared with the implied probability.

Short-priced home favourites win most of the time, but not as often as fans tend to assume. This table covers home teams with closing odds below 1.60.

Home oddsMatchesHome wonImpliedGap (pts)
1.01–1.192,23687.7%83.1%+4.6
1.20–1.292,71978.8%75.3%+3.5
1.30–1.393,21373.5%69.9%+3.7
1.40–1.493,83167.6%65.2%+2.4
1.50–1.594,65863.6%61.0%+2.6

Even at 1.20 roughly one match in six or seven ends in a draw or an away win. Short odds also mean small returns, so a single upset wipes out several wins.

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