LOTS has been made about the draw in this afternoon’s Investec (aren’t they all?) Corporate Banking Dash.

It is true, when you are hurtling down the fastest five-furlong strip in the world of racing, it will be an advantage if you can race close to the stands rail, where the camber is at its least severe. Why do you think there is a perennial convergence towards the near side?

However, the advantage conferred by a high draw may not be as significant as conventional wisdom dictates.

Conventional wisdom in this instance is probably influenced by recency bias, as conventional wisdom tends to be, with the first five home in last year’s renewal of the Dash emerging, respectively, from stalls 14, 17, 12, 13 and 15. In a 19-runner field, that is well beyond happenstance.

However, Stone Of Folca won the 2012 renewal from stall two, and Smoothtalkinrascal finished second in the 2013 renewal from stall one.

Indeed, before last year, four of the previous nine renewals had been won by horses drawn 10 or lower, and, of the 45 places available in the first five in those nine renewals, 20 of them were filled by horses who emerged from one of the lowest 10 boxes.

So don’t despair if the horse you want to back is drawn low.

It may be that the market has over-compensated, that the perceived disadvantage of a low draw is not as great as the actual disadvantage.