If I have some spare amount and wanted to place bets of unknown matches? First thing I will do is to make a simple search on the internet about those two teams and probably watch a few games or highlights or previous data for both teams. It's free and well I don't want to place bets randomly even though it shows on the odds who has an advantage but it was an underdog and we are not sure what they are capable of.
But Instead of risking all $10 on either the underdog nor the favorite athlete if I can't get quality statistics of both fighters I would rather split the $10 unevenly then bet on each fighter this way no matter the outcome I wouldn't be in total loss. Risking all $10 means the statistics of either fighter portrays strength for a sure win otherwise the sharing method is what I adopt 
Topic: Going for the Underdog or Not? - page 3. (Read 1158 times)
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it's interesting how many of the principles from trading, investment and risk management can be applied to gambling
you'd never bet all you have on a fight or sports gambling, but betting <1% or even <0.0001% of what you have won't hurt at all and may be a good source of entertainment
it's interesting how many of the principles from trading, investment and risk management can be applied to gambling
you'd never bet all you have on a fight or sports gambling, but betting <1% or even <0.0001% of what you have won't hurt at all and may be a good source of entertainment
That's what I'm saying all the time!
First of all you should have fun with your gambling. Don't want your fun has turned into disaster? Make small bets. And if you are making pretty small bets already, why don't try to bet on the underdog then? Thus if you lose, you lose not that much, but if you win it's significant compared to your bet size. It's always a pleasure to win such bets.totally agree
going for the underdog will by a high risk with higher reward play
maybe not the best one for those who get stressed out easily
would be curious to know if most gamblers do it to have fun or to make money
or both, maybe
Other than personally knowing a player or patriotism, I could not figure out any other reason to bet on underdogs.
You nailed it. Personally no one might be having any other reason to go betting on underdog other than what you have mentioned. I am just seeing it is like you are getting rewards for your patriotism or for the faith you are showing on a player or team for whatever reasons.Always betting on underdogs might lead to be losing all of our bankroll sooner or later. Or if you are making good rewards from your betting on underdogs then those player or team is no more underdog, right?
I am seeing betting on underdog and winning massive profits is similar to arbitrage opportunity in trading. very rare but we can enjoy decent profits.
Though there are different answers been given already but i'll share what I can share. To answer your question is to answer this question first. Why do you gamble?. If you can answer that then choosing between the fighters will be much less doubt on which side you will bet either the champ or the underdog. If you gamble for fun then losing $10 won't be a problem but if it tripled then you'll have more fun, thrill or whatever reason why you gamble.
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it's interesting how many of the principles from trading, investment and risk management can be applied to gambling
you'd never bet all you have on a fight or sports gambling, but betting <1% or even <0.0001% of what you have won't hurt at all and may be a good source of entertainment
it's interesting how many of the principles from trading, investment and risk management can be applied to gambling
you'd never bet all you have on a fight or sports gambling, but betting <1% or even <0.0001% of what you have won't hurt at all and may be a good source of entertainment
That's what I'm saying all the time!
First of all you should have fun with your gambling. Don't want your fun has turned into disaster? Make small bets. And if you are making pretty small bets already, why don't try to bet on the underdog then? Thus if you lose, you lose not that much, but if you win it's significant compared to your bet size. It's always a pleasure to win such bets.Well it is always to have good research before you will place your bet either you will know each of them. Just like what happened in the lastest Pacquiao's fight, people are expected that the beast of the boxing industry will always win on the fight, but actually, it all depends on luck and the situation and the second option is what we called to them skills. Underdog does not mean that they don't have a chance to win, sometimes if they got lucky, they will also win against in the favor of odds.
As a bettor we should always set consideration in any aspects of a fighter that you will going to place a bet with, assessing which are the advantages and disadvantages of a fighter would give you an idea which one would be worth to bet for. Like the recent fight of Pacquiao, we have a recent thread here that discussed the recent fight of this famous boxer one of the things that many bettors consider is the age of Pacquiao, also some of his past fights shows that his skills and speed slows down unlike the usual speed that made him known in this sport. Betting in underdog were risky but assessing the fighter will be a big help to made up a good decision of betting.
If I have some spare amount and wanted to place bets of unknown matches? First thing I will do is to make a simple search on the internet about those two teams and probably watch a few games or highlights or previous data for both teams. It's free and well I don't want to place bets randomly even though it shows on the odds who has an advantage but it was an underdog and we are not sure what they are capable of.
Well it is always to have good research before you will place your bet either you will know each of them. Just like what happened in the lastest Pacquiao's fight, people are expected that the beast of the boxing industry will always win on the fight, but actually, it all depends on luck and the situation and the second option is what we called to them skills. Underdog does not mean that they don't have a chance to win, sometimes if they got lucky, they will also win against in the favor of odds. 
If I have some spare amount and wanted to place bets of unknown matches? First thing I will do is to make a simple search on the internet about those two teams and probably watch a few games or highlights or previous data for both teams. It's free and well I don't want to place bets randomly even though it shows on the odds who has an advantage but it was an underdog and we are not sure what they are capable of.
Bet is a probability kind of thing and can only come out in one way. Now, having a $10 balance on your account with the intentions of having an all in one stake is a high stake risk and in many ways, puts you in a position that, you don't need to fail on you predictions.
As discomforting as this position may be, it simply means, you've got to dig in on the sports, the athletes and there statistics. Putting your money on a high odd that comes with a low probability of success is not a strategy. It's better to be patient and gradually build than to loose all in one bet just because of some faith in the underdogs. Should my research statistics prove anything, I'm most likely to skip the underdogs on a bet.
As discomforting as this position may be, it simply means, you've got to dig in on the sports, the athletes and there statistics. Putting your money on a high odd that comes with a low probability of success is not a strategy. It's better to be patient and gradually build than to loose all in one bet just because of some faith in the underdogs. Should my research statistics prove anything, I'm most likely to skip the underdogs on a bet.
I think that it's probably not a bad strategy if it brings you entertainment.
Betting for the underdog can be extremely fun given the fact that your outcomes are precisely the opposite of everyone else's.
But at the end of the day, you're not going to achieve better outcomes in the long run by doing this. Your profits are going to be very similar to if you bet on random events or bet on the favourites, because betting markets are generally quite efficient.
Have tested out on making big bets with underdogs because there are times that some hunch or words in my mind that there's some chances to win and of course you would based up on past performances of the said underdog team which as a gambler or bettor then there are several factors which you do really need to consider up first before making out
some underdog bet consideration so its a personal choice but its good that you should really test out with small amounts and wont really be going all in.
Underdog who is performing well, oh yes it's not bad betting for them
but with Op's case it's far different, he's betting with all hope that luck will be there since he never know who's the players are, he just chose to place his bet with the underdog thinking that if ever that he got his luck he will earn more.I can say that if you have that time to analyze the game, and you see what are the performances of that so-called underdog.
It won't be hard to place your bet, still have that big risk, but you have some point that the team or player will win and deliver good
compensation with your bet.
Bet is a probability kind of thing and can only come out in one way. Now, having a $10 balance on your account with the intentions of having an all in one stake is a high stake risk and in many ways, puts you in a position that, you don't need to fail on you predictions.
As discomforting as this position may be, it simply means, you've got to dig in on the sports, the athletes and there statistics. Putting your money on a high odd that comes with a low probability of success is not a strategy. It's better to be patient and gradually build than to loose all in one bet just because of some faith in the underdogs. Should my research statistics prove anything, I'm most likely to skip the underdogs on a bet.
As discomforting as this position may be, it simply means, you've got to dig in on the sports, the athletes and there statistics. Putting your money on a high odd that comes with a low probability of success is not a strategy. It's better to be patient and gradually build than to loose all in one bet just because of some faith in the underdogs. Should my research statistics prove anything, I'm most likely to skip the underdogs on a bet.
A recent upset just happened in boxing between Caraballo and Sultan.
The odds before the fight for Sultan was about 5.x, so Caraballo was the heavy favorite because he has 0-loss record.
So sometimes, it is really worth betting on underdog especially if you know the caliber of the underdog.
But I do agree, most of the time, bookies are giving odds based on the likelihood of the results.
Betting on the underdog can be profitable as most gamblers that are not professional go for the safer bet so the odds you are going to see many times for the underdog are more attractive than what they would be otherwise, however it also depends on the nature of the sport, it is more difficult for the underdog to win in a team game like soccer than in a sport like boxing in which the whole fight can change in a single instant because one of the fighters made a mistake.The odds before the fight for Sultan was about 5.x, so Caraballo was the heavy favorite because he has 0-loss record.
So sometimes, it is really worth betting on underdog especially if you know the caliber of the underdog.
But I do agree, most of the time, bookies are giving odds based on the likelihood of the results.
would be you best bet but it wont really be giving out assurance on having a precise win thats why there would be lots of considerations first before
choosing an underdog.This isnt something that you could just place bet just because you do feel it to do so or you're just feeling lucky today.lol
I'm not sure if this had been asked before. This is just an example of some odds that I saw recently Fighter A (1.30) vs Fighter B (3.65). With this obviously, Fighter A is the people's champ and Fighter B is the underdog.
Regardless of who is bigger and undefeated record, let's say you have no idea who these fighters are because the names can't even be read like Ulshrkubyki vs Ykwehgyfvbh. If you only have $10 left in your sports betting account, would you go for the champ which you can only earn $3, or go for the underdog which if he got lucky can triple your money?
It's a common trap that many people fall into, trying to make long shot bets when the amount they have remaining dwindles to almost nothing. It's somewhat similar to owning a stock - the stock doesn't know that you own it, nor does the bet act in some special way to your advantage because one side is an "underdog". I don't know the exact breakdown for this bet, but looking at it as a percentage may help to understand the outcomes - it may be similar to a 20% chance of the underdog winning versus a 80% chance for the predicted winner. To me it seems clear what will happen and I'd rather take the slower but more guaranteed route than have a 20% chance of success - maybe that's why I'm a bad gambler.
A recent upset just happened in boxing between Caraballo and Sultan.
The odds before the fight for Sultan was about 5.x, so Caraballo was the heavy favorite because he has 0-loss record.
So sometimes, it is really worth betting on underdog especially if you know the caliber of the underdog.
But I do agree, most of the time, bookies are giving odds based on the likelihood of the results.
Betting on the underdog can be profitable as most gamblers that are not professional go for the safer bet so the odds you are going to see many times for the underdog are more attractive than what they would be otherwise, however it also depends on the nature of the sport, it is more difficult for the underdog to win in a team game like soccer than in a sport like boxing in which the whole fight can change in a single instant because one of the fighters made a mistake. The odds before the fight for Sultan was about 5.x, so Caraballo was the heavy favorite because he has 0-loss record.
So sometimes, it is really worth betting on underdog especially if you know the caliber of the underdog.
But I do agree, most of the time, bookies are giving odds based on the likelihood of the results.
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In the case of OP, it's just a leftover amount so betting it on high odds is worth trying. Even in the event of losing, no hard feelings that the bet is lost. I will do that too since the amount is afford to lose. If win, then it's just a bonus since I'm not expecting to win.
In the case of OP, it's just a leftover amount so betting it on high odds is worth trying. Even in the event of losing, no hard feelings that the bet is lost. I will do that too since the amount is afford to lose. If win, then it's just a bonus since I'm not expecting to win.
Indeed
since it's just a spare money, and it's not that big, who knows luck permits me to win right? and for sure it added good entertainment waiting if the underdog bet you've got will give you some decent amount of profits. Most of those who do this kind of bet are gamblers who know how to deal with losses.but for those who are very sensitive in terms of analysing the game and aiming for a much better chance of winning, placing their money for the heavy favorite will be the first option.
Better to keep their money alive even they are just winning small amount of profits.
it's interesting how many of the principles from trading, investment and risk management can be applied to gambling
you'd never bet all you have on a fight or sports gambling, but betting <1% or even <0.0001% of what you have won't hurt at all and may be a good source of entertainment
When placing a bet you go for option that you are sure can get more earning at the end of the game by doing this has to weigh the previous performance of the both options. You don't just bet base on like if you may loose it all.
Then you mean just bet on high odds?
In general, it won't work mostly. Most of the time, your analysis will lead you to choose the dominant team. Expect low odds on it.
In the case of OP, it's just a leftover amount so betting it on high odds is worth trying. Even in the event of losing, no hard feelings that the bet is lost. I will do that too since the amount is afford to lose. If win, then it's just a bonus since I'm not expecting to win.
Indeed
since it's just a spare money, and it's not that big, who knows luck permits me to win right? and for sure it added good entertainment waiting if the underdog bet you've got will give you some decent amount of profits. Most of those who do this kind of bet are gamblers who know how to deal with losses.but for those who are very sensitive in terms of analysing the game and aiming for a much better chance of winning, placing their money for the heavy favorite will be the first option.
Better to keep their money alive even they are just winning small amount of profits.
some underdog bet consideration so its a personal choice but its good that you should really test out with small amounts and wont really be going all in.
When placing a bet you go for option that you are sure can get more earning at the end of the game by doing this has to weigh the previous performance of the both options. You don't just bet base on like if you may loose it all.
Then you mean just bet on high odds?
In general, it won't work mostly. Most of the time, your analysis will lead you to choose the dominant team. Expect low odds on it.
In the case of OP, it's just a leftover amount so betting it on high odds is worth trying. Even in the event of losing, no hard feelings that the bet is lost. I will do that too since the amount is afford to lose. If win, then it's just a bonus since I'm not expecting to win.
Indeed
since it's just a spare money, and it's not that big, who knows luck permits me to win right? and for sure it added good entertainment waiting if the underdog bet you've got will give you some decent amount of profits. Most of those who do this kind of bet are gamblers who know how to deal with losses.but for those who are very sensitive in terms of analysing the game and aiming for a much better chance of winning, placing their money for the heavy favorite will be the first option.
Better to keep their money alive even they are just winning small amount of profits.
I don't know if there are people who had made out solid consecutive bets with this team and earn tons.Ive been trying to search up for that.
With several gamblers placing a bet on that sport, I think there is.
No need to know or find a source that there are people who made solid profits out of betting consecutively on that team.
That was possible and realistic thing to happen in gambling.
yes, not impossible
the thing is each person will have their own style, there's probably not one rule that fits all besides: "the house always win", or will always keep their edge.
what are usually the odds on most of the sportsbetting with crypto? does it vary a lot?
But to bet on underdog, you must need a time machine .
Very rarely highly talented or most successful team or players face defeat against low ranked team or player. You cannot predict such a result for sure. I am taking about the sport like cricket, tennis, soccer and most other sports.
I know those surprising results are tend to get the bettors big profits but personally I will not risk like that.
In deep thoughts, where such betting will be possible?
I guess if you go by your patriotism then you may bet on underdog even you are aware of losing your bet. And if any surprise happens then you can easily crack 10x profits.
Other than personally knowing a player or patriotism, I could not figure out any other reason to bet on underdogs.
.Very rarely highly talented or most successful team or players face defeat against low ranked team or player. You cannot predict such a result for sure. I am taking about the sport like cricket, tennis, soccer and most other sports.
I know those surprising results are tend to get the bettors big profits but personally I will not risk like that.
In deep thoughts, where such betting will be possible?
I guess if you go by your patriotism then you may bet on underdog even you are aware of losing your bet. And if any surprise happens then you can easily crack 10x profits.
Other than personally knowing a player or patriotism, I could not figure out any other reason to bet on underdogs.
You don't need to look for matches where there is 100% confidence in the result. First, they don't exist. Secondly, only the profitability of the bet (average or at a distance, in other words) matters, and not who you are betting on - the favorite or the underdog. For example, if you made a bet with 5 odds, but it wins more often than in one match out of 5, then you will be in the black even though most of such bets will be lost.
I'm not sure if this had been asked before. This is just an example of some odds that I saw recently Fighter A (1.30) vs Fighter B (3.65). With this obviously, Fighter A is the people's champ and Fighter B is the underdog.
Regardless of who is bigger and undefeated record, let's say you have no idea who these fighters are because the names can't even be read like Ulshrkubyki vs Ykwehgyfvbh. If you only have $10 left in your sports betting account, would you go for the champ which you can only earn $3, or go for the underdog which if he got lucky can triple your money?
It's a small amount so it will not harm me if I lose that $10 so I'll go for the underdog and hope that he will come out the winner since I don't know both fighters and have no idea if the favorite is a heavy favorite and the underdog has a good chance to get upset I'll gamble the $10 and consider this as money as money that I can afford to lose.
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