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1  Economy / Gambling / Re: Profit By Betting on Losing Teams on: June 14, 2023, 04:44:51 AM
Gambling on losing teams is a legitimate strategy, but more than betting on losing teams I think it is evaluating the risk/reward scenario with a specific bet. Sure, there might be a team that is likely to win, but maybe it pays a penny to the dollar. Basically, winning that bet doesn’t make a difference. I get more entertainment out of betting longshots and making sure the reward is worth the risk.
If the popular team or fighter become an underdog, I think it's good to bet them because usually they have a good chance to pull an upset. But for a mediocre team or fighter, I don't think it's wise to bet them because they mostly lose, only few times they win.

I never want to bet on a huge underdog, it's just like a lottery where the chance to win is near to zero.
But before you place a bet on the underdog team, you should check how likely they are to win so you won't be disappointed or upset. If their odds are not big, you don't need to place a bet and just watch it. Watching them compete is also a form of support for them. After all, they also wouldn't know how many people supported them in that match. We must be wise in placing bets and not waste our money on bets. But it's okay if you want to place a small bet for your team as a form of support so that if your friends ask you, you can answer by placing a bet for your team.
Determine if the team is a loser against the spread, a loser on the money line, or a loser on both

Teams that lose against the spread and money line are usually bad bets. You can find a winning game among an SU and ATS loser, but it doesn’t happen often enough for you to make long term profit betting on the team.

We want teams that have no worse than a .400 record against the spread or no worse than a .400 record on the money line.

A lot of times straight up winning teams are bad against the spread bets. The more a team wins straight up, the more oddsmakers adjust spread lines in favor of underdogs.

Remember, human beings like to bet on winners. So to attract action on the other side of the line, oddsmakers turn favored teams into underlays with ridiculous spreads.

Once we find the team, we can move to step 2.

Discover why the team loses
.400 teams aren’t the same as a .300 team. A .300 team is likely just a bad team. But a .400 team often has a losing record due to some anomaly, like an injured offensive lineman, or like in Milwaukee’s case versus Miami in this year’s NBA Playoffs, their best player not being one-hundred percent.

Try to find out why the team loses. Once you believe you’ve discovered why, move to step 3.



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