How are favorites determined?

Favorites are typically determined based on a combination of factors, including statistical analysis, historical performance, and expert opinions. In sports, for example, teams may be favored based on their win-loss records, player statistics, and matchups. In other contexts, such as entertainment or consumer products, favorites might be influenced by public polls, sales data, or critical reviews. Overall, the process often involves aggregating data and insights to predict likely outcomes or preferences.