After noting the huge AusTote premiums on favourite Makybe Diva and some poor returns on longshots I started to wonder whether favourites were relatively underbet on AusTote and hence even better value.

So I tried that test which did not confirm my suspicions.

This one seems more conclusive.

Ignore NSW divs >= $60 (aka flukes)

It appears the roughest 3rd of NSW winners pays even better on AusTote.

NSW	Wins	Aus/NSW
< $7	2,112	+18.3%
>= $7	1,093	+22.3%