Going for the Underdog or Not?

[Oasisman]

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?

As per the example, the odd gap is huge. So, there has to be a relevant reason for the odd to set that high for the underdog.
If you bet without looking at the match comparison, past performances of both fighters, records, and everything like that, is like putting a bet on the "jackpot" in the wheel of fortune.
You can't just throw away your money just because it gives you 3x the bet when the underdog wins. You have to maka a research. A consistent $3 win is always better than lossing the $10 bet in a single match.

[samcrypto]

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?

As per the example, the odd gap is huge. So, there has to be a relevant reason for the odd to set that high for the underdog.
If you bet without looking at the match comparison, past performances of both fighters, records, and everything like that, is like putting a bet on the "jackpot" in the wheel of fortune.
You can't just throw away your money just because it gives you 3x the bet when the underdog wins. You have to maka a research. A consistent $3 win is always better than lossing the $10 bet in a single match.

Probably someone is playing with the odds, though its not surprising to see the underdog as the favorite team it happens but if you’re a wise bettor, you’ll confirm that odds if its worth the risk or not. I personally not looking at the odds alone, i also do some research especially on knowing the team and their experiences this can be a good guide for me to bet.

[DoublerHunter]

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?

As per the example, the odd gap is huge. So, there has to be a relevant reason for the odd to set that high for the underdog.
If you bet without looking at the match comparison, past performances of both fighters, records, and everything like that, is like putting a bet on the "jackpot" in the wheel of fortune.
You can't just throw away your money just because it gives you 3x the bet when the underdog wins. You have to maka a research. A consistent $3 win is always better than lossing the $10 bet in a single match.

^ There are no advantages when a player will become an underdog, in comparison, the underdog has always disadvantages than the fighter that has the odds in his favor. The proper research will increase your chances of winning if you will choose the underdog player in a match, but it is very risky because it seldom happens that the underdog will win. So technically, you are still in gambling that you don't know what is the result after all. It is really has a big profit once the underdog will win it could multiply your bet for how many times.

[passwordnow]

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

That amount as per example isn't that much and that's why to put that on any fighter or team that you prefer whether it will be against the odds or the other. I don't think that risking $10 would mean a lot but I know that there are countries where that's already that much. But honestly, it's an affordable amount to lose and if there's a big chance for the better odds to place that bet on that fighter then I'll be fine to do that and risk it with a possible high chance of win if the underdog wins.

[Fatunad]

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?

As per the example, the odd gap is huge. So, there has to be a relevant reason for the odd to set that high for the underdog.
If you bet without looking at the match comparison, past performances of both fighters, records, and everything like that, is like putting a bet on the "jackpot" in the wheel of fortune.
You can't just throw away your money just because it gives you 3x the bet when the underdog wins. You have to maka a research. A consistent $3 win is always better than lossing the $10 bet in a single match.

Bookies do know on how to set out  odds basing on those players/teams stats and past performances and of  course they would really be looking on community behavior on
which one is highly favorite.

They wouldnt really just set out without any basis because this is a big business and of course those odds gaps does really mean everything even just on moving
with double digits.

[cabron]

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?

As per the example, the odd gap is huge. So, there has to be a relevant reason for the odd to set that high for the underdog.
If you bet without looking at the match comparison, past performances of both fighters, records, and everything like that, is like putting a bet on the "jackpot" in the wheel of fortune.
You can't just throw away your money just because it gives you 3x the bet when the underdog wins. You have to maka a research. A consistent $3 win is always better than lossing the $10 bet in a single match.

Bookies do know on how to set out  odds basing on those players/teams stats and past performances and of  course they would really be looking on community behavior on
which one is highly favorite.

They wouldnt really just set out without any basis because this is a big business and of course those odds gaps does really mean everything even just on moving
with double digits.

And they are also going to make money out of it. It's just a matter of luck I guess when you go for underdogs. It's a long shot to bet for the jackpot in the wheel of fortune but it happens.

Weili vs Namajunas in their fight was that Namajunas was the underdog, she always wins when it comes to fighting a high profile MMA fighter. Hitting the jackpot twice is just too good so she definitely isn't an underdog in thier 2nd fight this Sunday. The odds however are just not looking good.

[hahay]

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

That amount as per example isn't that much and that's why to put that on any fighter or team that you prefer whether it will be against the odds or the other. I don't think that risking $10 would mean a lot but I know that there are countries where that's already that much. But honestly, it's an affordable amount to lose and if there's a big chance for the better odds to place that bet on that fighter then I'll be fine to do that and risk it with a possible high chance of win if the underdog wins.

Yes it depends, because usually I also bet on multiple matches with each bet being more or less $10 from each bet I make, both singles and parlays. But regarding the all-in bet on the last hope with the remaining money, then I think betting on the favorite athlete is the right choice because if you have to go to the underdog at least it requires preparation. This means, when we only have one more chance to double the money, then we only need to look for a favorite athlete with fairly good odds, because then our chances of winning are greater and we can continue betting if we win.

[Alanaz]

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?

I think something like this you can do a few things first.
you are confused about the fighter because you are not sure about them. I'm not sure this can be triggered by several things, including that you don't really know these two fighters well.
and the most likely thing is to see the statistics they have done besides that you can also see both in the headtohead and the winning records of these two fighters.
I think it's pretty good compared to you choosing randomly without any research first.

[Questat]

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

That amount as per example isn't that much and that's why to put that on any fighter or team that you prefer whether it will be against the odds or the other. I don't think that risking $10 would mean a lot but I know that there are countries where that's already that much. But honestly, it's an affordable amount to lose and if there's a big chance for the better odds to place that bet on that fighter then I'll be fine to do that and risk it with a possible high chance of win if the underdog wins.

Yes it depends, because usually I also bet on multiple matches with each bet being more or less $10 from each bet I make, both singles and parlays. But regarding the all-in bet on the last hope with the remaining money, then I think betting on the favorite athlete is the right choice because if you have to go to the underdog at least it requires preparation. This means, when we only have one more chance to double the money, then we only need to look for a favorite athlete with fairly good odds, because then our chances of winning are greater and we can continue betting if we win.

Not a good idea for me, when you say favorites, what I understand is you took an odds like 1.30 as they are likely gonna win, but not all the time. So taking the underdog really requires some balls as a gambler and it wouldn't be hard if you yourself do study the match and analyze it well.

What I learned in sports betting is that don't bet on all the games, choose a game that you think you can win, you know what I'm saying. As they say, it's quality over quantity and that's my simple strategy.

[delfastTions]

....
 Unless you are really a gambler who loves to bet on the underdog in every fight and you are extremely lucky.

I accidentally saw this post.  
I just never thought that this way of placing bets is quite interesting because you can also win (you can say that by chance, of course).  However, the winnings will be serious, for example, as OP says here, 3 times at once.  
But in general, this method is just such an interesting way of entertainment, when you know in advance that you will almost certainly lose.  And at the same time treat it with humor.  just like a joke.  
I wonder how long you can play like that, constantly betting on an outsider.  
Alas, probably not for long.

[passwordnow]

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

That amount as per example isn't that much and that's why to put that on any fighter or team that you prefer whether it will be against the odds or the other. I don't think that risking $10 would mean a lot but I know that there are countries where that's already that much. But honestly, it's an affordable amount to lose and if there's a big chance for the better odds to place that bet on that fighter then I'll be fine to do that and risk it with a possible high chance of win if the underdog wins.

Yes it depends, because usually I also bet on multiple matches with each bet being more or less $10 from each bet I make, both singles and parlays. But regarding the all-in bet on the last hope with the remaining money, then I think betting on the favorite athlete is the right choice because if you have to go to the underdog at least it requires preparation. This means, when we only have one more chance to double the money, then we only need to look for a favorite athlete with fairly good odds, because then our chances of winning are greater and we can continue betting if we win.

You should go for the best that you think if it's your last money. It's always the way around on which you really prefer and if your last money isn't that much and you just want to take a gamble, win or lose, you're good with it then just place it wherever you're confident with.
The usual me just place it on a YOLO bet and that's the underdog and unlikely to win. So if I lose then that's okay because the amount of loss isn't that too sad to lose.

[delfastTions]

You should go for the best that you think if it's your last money. It's always the way around on which you really prefer and if your last money isn't that much and you just want to take a gamble, win or lose, you're good with it then just place it wherever you're confident with.
The usual me just place it on a YOLO bet and that's the underdog and unlikely to win. So if I lose then that's okay because the amount of loss isn't that too sad to lose.

If we are talking about $ 10 and you are not a citizen living in India, then this is, of course, small money, which is not so a pity to lose.  In this case, I would bet on an outsider, because when you lose, your thoughts about bets will stop, and if you win, there will be $ 13 and again you have to guess who to bet on.  Is this looping necessary?  And it seems like it is not necessary at all!

[Wexnident]

If we are talking about $ 10 and you are not a citizen living in India, then this is, of course, small money, which is not so a pity to lose.  In this case, I would bet on an outsider, because when you lose, your thoughts about bets will stop, and if you win, there will be $ 13 and again you have to guess who to bet on.  Is this looping necessary?  And it seems like it is not necessary at all!

I think the idea of trying to go for the underdog or not is lost under the premise of how much money you have left to bet though? Just go for the underdog if you think they'd win really, no matter the amount you'd bet. I mean, it's called betting for a reason after all, and letting yourself get stopped due to money issues seems like something a gambler-ish reason since you know, you are gambling and money was always never an issue when doing so imo.

[passwordnow]

You should go for the best that you think if it's your last money. It's always the way around on which you really prefer and if your last money isn't that much and you just want to take a gamble, win or lose, you're good with it then just place it wherever you're confident with.
The usual me just place it on a YOLO bet and that's the underdog and unlikely to win. So if I lose then that's okay because the amount of loss isn't that too sad to lose.

If we are talking about $ 10 and you are not a citizen living in India, then this is, of course, small money, which is not so a pity to lose.  In this case, I would bet on an outsider, because when you lose, your thoughts about bets will stop, and if you win, there will be $ 13 and again you have to guess who to bet on.  Is this looping necessary?  And it seems like it is not necessary at all!

There are also other places that $10 is already a lot but the majority will have that amount as a spare and we're spending more on other things. That looping depends on how you'll be needing the money right away if you've won but if you haven't won then just stop and let it be a day.
And again if that scenario comes to you then you just have to do the right thing and if it didn't do good to you YOLOing that small amount of yours, don't do the same mistake then.

[Ziskinberg]

You should go for the best that you think if it's your last money. It's always the way around on which you really prefer and if your last money isn't that much and you just want to take a gamble, win or lose, you're good with it then just place it wherever you're confident with.
The usual me just place it on a YOLO bet and that's the underdog and unlikely to win. So if I lose then that's okay because the amount of loss isn't that too sad to lose.

If we are talking about $ 10 and you are not a citizen living in India, then this is, of course, small money, which is not so a pity to lose.  In this case, I would bet on an outsider, because when you lose, your thoughts about bets will stop, and if you win, there will be $ 13 and again you have to guess who to bet on.  Is this looping necessary?  And it seems like it is not necessary at all!

There are also other places that $10 is already a lot but the majority will have that amount as a spare and we're spending more on other things. That looping depends on how you'll be needing the money right away if you've won but if you haven't won then just stop and let it be a day.
And again if that scenario comes to you then you just have to do the right thing and if it didn't do good to you YOLOing that small amount of yours, don't do the same mistake then.

It depends on where you live, here is the list of hourly minimum wages of the top 20 countries.
https://worldpopulationreview.com/country-rankings/minimum-wage-by-country

1-Australia - $14.54
2-Luxembourg - $13.67
3-New Zealand - $13.18
4-Monaco - $11.88
5-Ireland - $11.54

check for the link for a full list.

I'm sure the top 5 countries can afford to bet $10 in a game as they are making at least $10 per hour, but for some countries who barely make $10 per day in a 8 hours of working, that's really huge enough and it I would say they cant' afford to gamble that huge amount of money.

[passwordnow]

You should go for the best that you think if it's your last money. It's always the way around on which you really prefer and if your last money isn't that much and you just want to take a gamble, win or lose, you're good with it then just place it wherever you're confident with.
The usual me just place it on a YOLO bet and that's the underdog and unlikely to win. So if I lose then that's okay because the amount of loss isn't that too sad to lose.

If we are talking about $ 10 and you are not a citizen living in India, then this is, of course, small money, which is not so a pity to lose.  In this case, I would bet on an outsider, because when you lose, your thoughts about bets will stop, and if you win, there will be $ 13 and again you have to guess who to bet on.  Is this looping necessary?  And it seems like it is not necessary at all!

There are also other places that $10 is already a lot but the majority will have that amount as a spare and we're spending more on other things. That looping depends on how you'll be needing the money right away if you've won but if you haven't won then just stop and let it be a day.
And again if that scenario comes to you then you just have to do the right thing and if it didn't do good to you YOLOing that small amount of yours, don't do the same mistake then.

It depends on where you live, here is the list of hourly minimum wages of the top 20 countries.
https://worldpopulationreview.com/country-rankings/minimum-wage-by-country

1-Australia - $14.54
2-Luxembourg - $13.67
3-New Zealand - $13.18
4-Monaco - $11.88
5-Ireland - $11.54

check for the link for a full list.

I'm sure the top 5 countries can afford to bet $10 in a game as they are making at least $10 per hour, but for some countries who barely make $10 per day in a 8 hours of working, that's really huge enough and it I would say they cant' afford to gamble that huge amount of money.

Even not on that top 5 list, there really are countries that would have $10 as not that much. I do understand that there are countries that have low GDP and have very small salaries.
But it's about you're gambling, if life is hard in the country you're living in and you think that $10 is that much then you shouldn't gamble in the first place if you feel regret of gambling that amount.

[AicecreaME]

~
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.

Not only to be a disaster but rather a frustrating and a stressful kind of game which gambling shouldnt really be on this way or like this way because we do

make bets for entertainment but well its unavoidable on not to have those kind of reactions because we do really lost up money which it is understandable

on having those kind of reactions since we are just human beings so those reactions are really pretty normal but not how it should be.

Losing in gambling is only natural and very common, and losing the remaining $10 in gambling is not stressful at all, the really stressful is when you sum up all the money you've lost in gambling and only made profits on your last bet which is smaller compare to your previous bets. It's a very common gambling trap, you'll win at first then you'll lose until it's your last bet. This kind of setup is to attract and to keep the players playing, so they'll think they could gain back their losses by continuously playing gambling.

[carlfebz2]

~
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.

Not only to be a disaster but rather a frustrating and a stressful kind of game which gambling shouldnt really be on this way or like this way because we do

make bets for entertainment but well its unavoidable on not to have those kind of reactions because we do really lost up money which it is understandable

on having those kind of reactions since we are just human beings so those reactions are really pretty normal but not how it should be.

Losing in gambling is only natural and very common, and losing the remaining $10 in gambling is not stressful at all, the really stressful is when you sum up all the money you've lost in gambling and only made profits on your last bet which is smaller compare to your previous bets. It's a very common gambling trap, you'll win at first then you'll lose until it's your last bet. This kind of setup is to attract and to keep the players playing, so they'll think they could gain back their losses by continuously playing gambling.

Chasing losses was a very common scenario on most gamblers and its true that we are trying on something which we do really help out to poke up our greed and in result we do continue to play and bust up all of our money and thats the time we do completely stop.A very very common scenario or kind of behavior we do have.

Speaking with on topic replay on betting with underdog then this is something a choice made neither you do bet with the favorite or on underdog which you do seem that has the chance on winning the game/sport.

[Oshosondy]

Probably someone is playing with the odds, though its not surprising to see the underdog as the favorite team it happens but if you’re a wise bettor, you’ll confirm that odds if its worth the risk or not. I personally not looking at the odds alone, i also do some research especially on knowing the team and their experiences this can be a good guide for me to bet.

Going for the underdog do not need research like that, there is a reason why going for underdogs, maybe my opinion about this is different, but my opinion is the reason I always go for underdogs, the reason which is that the team are not playing well. See Barcelona now, there are some clubs I still go for win or draw for (not very worst clubs but clubs that are still good but not as good as Barcelona before), just because Barcelona lose form. The only reason I go for underdog is because the club that is stronger has lost their form and not playing good presently.

[delfastTions]

All this is correct and accurate.  I just thought, what if the player applies the "karma" method.  He will simply toss a coin and place bets at random according to the results.  Then it may be in the short term and will not lose.  Or, for example, trust a neighbor's cat.  Make a bet depending on which direction the cat turns its tail.  
How are  such methods? .
Karma, she's strong, she can help.