I dont see the Derby as a race that most rational bettors use a gauge to determine the chances of a particular horse next out. Theres always too many horses causing atypical trips, and this year's Derby was run in slop, albeit Friesan Fire is a horse who likes it wet. Like every year, there are a few very logical horses who had excuses.
Friesan Fire is a tough one to gauge odds on but I would guess much lower than 10/1. Maybe 6/1?
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