Betting on favorites or upsets? - page 5.

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Quote from: pawanjain on July 13, 2024, 07:19:09 AM

Betting on favorites is more favorable in the long run because of the number of times we win due to them.

Then why it is said that the public bets losses most of the time?

I mean, you can have a high winning percentage (over 50%) betting on the favorites, but those are moneylines with odds 1.60 or even lower. So it's not even money and that doesn't guarantee profitability. Try to search on these information below and prove to me that what you said is correct.

1. Winning percentage for moneyline bets on favorites
2. winning percentage for point spread bets on favorites.

pawanjain

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Nothing lasts forever

Betting on favorites is more favorable in the long run because of the number of times we win due to them.
Betting on underdogs could yield massive returns but I believe we tend to lose more when we keep betting on underdogs.
At last it is our gut feeling that we should trust on and take the final call.

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Quote from: yahoo62278 on July 12, 2024, 11:42:44 AM

The bookies love people who bet on favorites only, those are the people who will make a huge bet and lose their ass at some point when a big favorite let's them down. WHen I bet I like to look at how the team has performed for the last few weeks, how they performed vs their opponent the last couple times, and who's the home team.

It is a risk to bet on a team that is considered the underdog but if they win the returns could be massive and a bragging right is most likely only a few of you betted on that team since everyone was betting on the favorite one.

Sometimes even past performance won't accurately predict the results of a game

Quote

Believe it or not, it can make a difference if a team is at home.

It is true not only the players perform better but referees also tend to be more forgiving and considerate to the team in home soil because of the overwhelming amount of cheering fans

OgNasty

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I’m a guy that likes to bet on the favorites, but I also like to combine a bunch of favorites into one multi-bet so the odds make it worth the effort. If the odds are good enough for an upset though, I have no problem throwing some money at an underdog. Sometimes it’s about playing the odds, not the game.

bering

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Every person who starts gambling will want to chasing profit whatever game they are playing because they always be thinking to find the best way how to win their bets even so for sport betting because usually for each matches people are more likely to placing their money at safe bets which usually the favourite teams rather than upsets this because the percentages to win their bets will much higher although it's quite often the odds will be very low

But betting on favourite teams is not always be working well because if those teams unable to in form or there is storm injured happened then betting on favourite teams is could be very risky however i was remember about betting on upsets because when world cup 2022 i was betting against people habit for the match between Argentina vs Saudi Arabia because at that time when most people said Argentina will gets easily win from this match but i have decide to bets on Saudi Arabia because i think this team had a potention to make Argentina gets in trouble and my prediction is run well because at that time i won my bets but i forgot the odds probably approximately @10 or above so sometimes betting on upsets could be profitable if you can choose the right team to bets

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Quote from: lienfaye on July 12, 2024, 06:57:09 PM

Quote from: Solosanz on July 12, 2024, 08:22:58 AM

Incorrect, profit isn't the main reason in gambling, the adrenaline is.

That might be true but let's accept the fact that many gamblers have a main desire which is to profit. They place bet and sometimes risk the money that they can't afford to lose for the hope of gaining from gambling. Therefore, it's not entirely about adrenaline because it is still depends on the gambler itself.

Quote from: Solosanz on July 12, 2024, 08:22:58 AM

I'd choose to bet on underdog, even though the favorite team has a higher chance to win, but gambling is gambling, so it will be 50/50 game. Why I need to take the same risk to win small amount money, when there's an option to bet with the same risk and higher reward.

You've said already that the favorite has the higher chance to win, so why choose the upset if you can take the side wherein winning is much closer. Anyway, it depends on your perspective since we're free on what to choose. It's just that choosing upset takes guts.

If you are long-time sportsbettor, your guts will tell you if the upset option has very good chance of happening. An example is in boxing - if you are closely following the journey of some of these boxers, you can tell to yourself that there's possibility of upset because it depends on how prepared the boxer is, his history, or his advantages over his opponent. An upset can always happen in boxing even if there is heavy favourite among bookies or boxing analysts. I remember, the year when Pacquiao lost to Ugas, there were other boxing matches that year where upsets did happen. Of course, Pacquiao was still the favourite at that time. A lot of his fans thought he can still pull it off, but seemed that age was catching up on him.

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Quote from: Solosanz on July 12, 2024, 08:22:58 AM

Incorrect, profit isn't the main reason in gambling, the adrenaline is.

That might be true but let's accept the fact that many gamblers have a main desire which is to profit. They place bet and sometimes risk the money that they can't afford to lose for the hope of gaining from gambling. Therefore, it's not entirely about adrenaline because it is still depends on the gambler itself.

Quote from: Solosanz on July 12, 2024, 08:22:58 AM

I'd choose to bet on underdog, even though the favorite team has a higher chance to win, but gambling is gambling, so it will be 50/50 game. Why I need to take the same risk to win small amount money, when there's an option to bet with the same risk and higher reward.

You've said already that the favorite has the higher chance to win, so why choose the upset if you can take the side wherein winning is much closer. Anyway, it depends on your perspective since we're free on what to choose. It's just that choosing upset takes guts.

uneng

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In fact, it doesn't make much difference after all... Those who enjoy betting on the favorite side will have a hard time recovering the losses they face, as the odds of these bets pay too little. You can win most of the bets, but if you still face one or another loss, it means all your profit is gone. Gambling's outcomes are a mistery in every cases! You try to master it, you try to find gaps on it to have some advantage, but in the end gambling will still surprise you when you least expect!

Don't stick to betting only on favorites or underdogs. Analyze each case and opportunity individually. None of them should be discarted. Moreover, don't forget the draw possibility which is also a frequent one in several outcomes, even when there are very strong teams playing against weak clubs.

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Quote from: Solosanz on July 12, 2024, 08:22:58 AM

Incorrect, profit isn't the main reason in gambling, the adrenaline is.

And your thread has only one point, but you're just expand your words to make it long and repeat it.

I'd choose to bet on underdog, even though the favorite team has a higher chance to win, but gambling is gambling, so it will be 50/50 game. Why I need to take the same risk to win small amount money, when there's an option to bet with the same risk and higher reward.

Ringing a bell but it depends on the player's preference actually and he's just stating for the majority. I do have the same betting pattern with this; embracing bigger risk but with smaller amount than to go big with bets regardless if odds are high or low. The idea of course is the 50:50 chance of either winning or losing still. Anything could happen during the game and I agree with that. However, I won't be illogical with just chasing the underdogs. There are games wherein underdogs are just incable of beating the opposing team due to factors; absence of their all star player, health conditions of players and the likes. It depends on the match up as well wherein there are times begting on underdogs qould be a good idea and times that you should be taking advantage of the odds.

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Quote from: Saint-loup on July 12, 2024, 03:18:52 PM

Of course, betting on underdogs leads to more losses and a higher volatility of your bank roll, but you can compensate it by betting smaller stakes. Then each loss will be smaller, that is too say if you bet 5 times smaller stakes, you will be able to lose 5times more often.

It's a trade off as even if you lose 5 matches in a row, a win in the one match can compensate for all the previous losses. Sometimes, the wins are too low that it is not feasible to risk on always bet on the higher odds.
Betting is the mixture of betting on low and high odds and not sticking to one method. Judging the teams and seeing the previous history of the players will make us decide whether to bet on the favourite team or the upsets.

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Betting on the favorite team or a team that is predicted to lose. Wagering on the favored side is typically deemed safer and steadier as such teams secure victories more frequently even though the likelihood of huge profits is minor. Conversely, placing bets on an underdog can bring substantial returns due to elevated odds but entails greater risk as these teams seldom emerge victorious.

Take into account the location where the team is playing, as this often influences their strength. The home team typically has an advantage, which increases their likelihood of winning. Look at historical data and statistics to assess team performance, including but not limited to recent match outcomes and the teams' past encounters.

An efficient way of reducing risks is to divide your stake into several parts and not use more than a certain percentage on any one stake. Keep a record of all bets made, this will allow you to determine where the success came from or if it did at all. Having defined strategies is essential, but being too rigid can be detrimental; take note of what works well and what does not with each wagering activity in order to adapt accordingly.

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Quote from: Solosanz on July 12, 2024, 08:22:58 AM

Incorrect, profit isn't the main reason in gambling, the adrenaline is.

And your thread has only one point, but you're just expand your words to make it long and repeat it.

I'd choose to bet on underdog, even though the favorite team has a higher chance to win, but gambling is gambling, so it will be 50/50 game. Why I need to take the same risk to win small amount money, when there's an option to bet with the same risk and higher reward.

It is indeed great to have a huge win but if it is unrealistic then better to choose one that offers lesser profit but a higher percentage of winning. There is also called calculated risk and high risk. Many would prefer to have a calculated risk wherein they can implement precautionary measures in order to heighten the chance of winning or making a profit.

I believe in sports betting doing research is one of the implementations of risk calculation, we should bet according to what we had found in our thorough study of the competing team and not prioritize the amount of winning. We all know that betting on higher rewards will require a higher risk thus making us experience more losses.

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Quote from: Solosanz on July 12, 2024, 08:22:58 AM

Incorrect, profit isn't the main reason in gambling, the adrenaline is.

And your thread has only one point, but you're just expand your words to make it long and repeat it.

I'd choose to bet on underdog, even though the favorite team has a higher chance to win, but gambling is gambling, so it will be 50/50 game. Why I need to take the same risk to win small amount money, when there's an option to bet with the same risk and higher reward.

Even if profiting from gambling is not your main point, you cannot say that profiting for others will not be the main point. Gambling is viewed differently by different people. Some just enjoy gambling but don't consider the profit and loss while others gamble only with the intention of profiting. Greed and emotion work in us very widely as humans. Due to which we often fail to fix our decision. Sometimes we use gambling as fun, but due to greed, winning or earning from it becomes our main goal. We all have different favorite teams when it comes to sports, but when we see a much stronger team playing against our favorite team, we start betting against the favorite team. Because we often fail to control our greed and emotions

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Of course, betting on underdogs leads to more losses and a higher volatility of your bank roll, but you can overcome that or at least compensate it by placing smaller stakes when you bet on an underdog. Then each loss will be smaller when the outcome you've bet on will fail to happen. That is to say for example, if you bet 5 times smaller stakes, you will be able to lose 5 times more often because each loss will be only one fifth of your normal stake. Then it means you'll be able to bet on odds reflecting likelihoods 5 times smaller.

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Quote from: Sunderland on July 12, 2024, 12:52:26 PM

Bet on 1X2 only when we are really sure that the underdog team will win, why not place bet with handicap to minimize the risk?
Always betting on favorites or underdogs is also not wise, so it cannot be said which one is better.
If we could win consistently by betting on favorites or underdogs again and again, all sportsbooks would be closed their service since a long time ago.

If you take a deeper look into it, think that you would get the same result by betting following your analysis or your guts as by always betting on favourites or underdogs. It is all about the odds, and the odds are extremely well calculated by sportsbooks. It may sound counterintuitive, but the same principle is applicable to lotteries for example, where you have the same chances of winning picking up the 1, 2, 3, 4 and 5 instead of the 2, 17, 32, 43 and 45.

It has been said before: betting is about adrenaline (and/or dopamine?), and if you enjoy always betting on favourites or underdogs, I don't think it is worse than any other strategy.

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Bet on 1X2 only when we are really sure that the underdog team will win, why not place bet with handicap to minimize the risk?
Always betting on favorites or underdogs is also not wise, so it cannot be said which one is better.
If we could win consistently by betting on favorites or underdogs again and again, all sportsbooks would be closed their service since a long time ago.

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Quote from: yahoo62278 on July 12, 2024, 11:42:44 AM

The bookies love people who bet on favorites only, those are the people who will make a huge bet and lose their ass at some point when a big favorite let's them down. WHen I bet I like to look at how the team has performed for the last few weeks, how they performed vs their opponent the last couple times, and who's the home team. Believe it or not, it can make a difference if a team is at home.

The biggest mistake which gamblers do is to bet on a favourite team and spend a lot of money on those bets because of the low odds and the confidence that the bet will be a winning one.
The bookies are so profitable in these bets because in case of a win, they only have to give a small percentage of money as a profit and when a favorite team loses , it is such a profitable event for them. I wonder if bookies are always looking for upsets Sad

A sensible gambler may bet on favourite teams but does not overspend on bets.

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Quote from: Phu Juck on July 12, 2024, 07:35:08 AM

1x2 bets are generally very popular because it’s a very easy bet to bet on.
1 means home team will win
x means a draw will happen
2 means aways team will win

Now, we just need to find a game, when a favorite is playing or where possibly an upset can happen.

This wrong, As a gambler myself and do casual bets. 1x2 is not easy to win compared to the typical straight bets with 2 choices available. The existence of draw in the choices makes it harder to win.

Winning a bet with 2 choices is already hard to do unless you betting on games with a very low odds.

I always bet on favorites, I mean my favorite not by the odds favorites since this makes me enjoy gambling. So I do bet on both upset and favorites depending on the team I’m supporting.

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The bookies love people who bet on favorites only, those are the people who will make a huge bet and lose their ass at some point when a big favorite let's them down. WHen I bet I like to look at how the team has performed for the last few weeks, how they performed vs their opponent the last couple times, and who's the home team. Believe it or not, it can make a difference if a team is at home.

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Betting on favorites once and securing profits after it will be most profitable because a favorite is much more likely to win.
It can be a good strategy for us to select a favorite once and pay out our profits after it.

Topic: Betting on favorites or upsets? - page 5. (Read 1081 times)