All of the best overlays I ever got came in betting exchanges. I remember a few cases of horses I would have bet at their track odds of like 7/1 or 8/1 and I was able to secure as high as 20/1 or 25/1 for $20 or $30 or so... a lot of them didn't win - but it's still a big overlay.
Unless you're talking about debuters - To get big overlaid mutuals in the betting pools - you need one or two severely overbet short-priced horses. In the betting exchange - all it really can take is one guy to have a psycho strong opinion against a horse. The opposite can happen to ... I've seen horses win at 2/1 at the track who were even money or 6/5 in trading with good liquidity on both sides.
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