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As somebody stated earlier in the thread, identifying a vulnerable odds-on favorite is all fine and good, but if you don't have positive insights into viable alternatives, you're still stuck at the fork in the road, with little to help to decide which way to go.
I prefer identifying the alternative before concerning myself whether the fav is viably vulnerable. I'll usually be excited about a horse I think is being disrespected on the tote, then assess the favorite's chances.
It's best to know where you want to go, then figure out how you'll get there. Meaning, know your target, then determine if anything is in the way of you hitting it.
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