Certainly (everything else being equal) can't favor the latter who on match-up loses three and at best deadheats in one. Granted some of this game is esoteric, but there's esoteric and then there's brain dead.
All else being equal, who deserves to be the favorite, the horses with consistently higher figures or the horse that's has improved rapidly but not sustained it yet?
I don't know much about this horse racing game but shouldn't the horse on the very inside be the favorite because if they're all racing on an oval, the horse on the inside would have the shortest route to run.