when to take - moneline?

[rjp]

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Most favorites are overvalued.

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No.

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... or they have no value. I also consider the OVER bet as a "favorite".

There are good bets to be had with favorites, but a majority of my good bets are with underdogs and UNDERs.

If you're making a majority of your +EV bets on favorites and OVERs then it seems I should refine my methods.

Is this a fair assessment?