Critics argue that focusing too heavily on underdogs ignores the statistical reliability of favorites. Traditionalists believe that proven form and historical data should still be the primary factors in making informed bets, rather than chasing after unpredictable outcomes.

The risk lies in over-relying on past results to predict future performance, especially when dealing with variables like horse health and track conditions.

Bookmakers may subtly adjust odds to discourage betting on underdogs, ensuring they maintain a steady profit margin regardless of the outcome.

If Apax wins again this year, expect a surge in underdog betting across all races. Punters will be more inclined to take risks on lesser-known horses, potentially disrupting established betting patterns and leading to unpredictable outcomes at major events.

The tribalism around horse racing is likely to split along traditionalist versus progressive lines. Those who favor data-driven favorites will clash with those embracing the thrill of underdog victories, each side convinced they hold the key to success in the ever-changing world of betting.