Betting on long shots, or underdogs, are part of the mystique of horse racing, and can have several benefits, including:

• Higher payout: Long shots typically have longer odds, meaning that if they do win, the payout is much higher than if you had bet on a favorite. This can result in a significant return on your investment if you’re successful.
• Lower risk: While betting on favorites may seem like a safer bet, it actually carries a higher risk since the payout is lower. Betting on long shots, on the other hand, may carry a lower risk since you’re not investing as much money, and the potential payout is higher.
• Excitement and entertainment: Betting on long shots can add a lot of excitement and entertainment value to the horse racing experience, as you’re rooting for an unlikely outcome. It can also make watching the event more thrilling, as every moment could potentially swing the outcome in your favor.
• Opportunity to learn: Betting on long shots requires you to do more research and analysis to identify which underdogs have the best chance of winning. This can be a great opportunity to learn more about the sport or event and develop your horse racing analytical skills.

Overall, betting on long shots can be a fun and potentially lucrative way to engage with sports and other events. However, it’s important to do your research and manage your bankroll responsibly to minimize risk and maximize potential rewards.