betting on the underdogs, is it profitable?

[bitterguy28]

Since some of you know I’m into NBA sports betting, I figured a way to make it easier, just focusing on betting on the underdog.

I am to maximize profit. It there is any way for my bet to become profitable, I will go ahead to do it. If that entails betting on underdogs or favourites I'll do it.

but you wouldn’t know which one would be more profitable sometimes underdogs win sometimes favorites lose

I don't have to have bet on an underdog because they are underdogs and I think they'll win. If it is in a sports where the pattern reveals that it is the underdogs that are winning, I'll bet on there if it is the other way where it is the favorite, I'll do so. I'll not attach any sentiments toy bets.

if the underdog is constantly winning then why would they be called the underdogs?? lol then they would be the favorites

an underdog is a someone who no one expects to win or do well

[Churchillvv]

Betting on undergods sounds like lossing games to me, I've been doing it for some time and it some times do end up giving the expected results but in a rare occasion except for you that has been focused on NBA but I'm more of a football better so its always coming negative for me. if the strategy has been working for you you can go ahead and maintain it. but for now I'm not doing underdogs no more.

[Sanitough]

Not every underdog you see on the board is worth betting on, you have to be selective with your picks. In the NBA, a lot of underdogs have been winning lately. In fact, that seems to be the trend in the past few days. Just now, it looks like the Lakers are going to win as they’re leading by 10 points, despite being a +4.5 underdog.

I’d say they were a good pick, especially since this team has been winning recently after trading Davis, even though Luka was still not playing.

So I guess this method can work as long as you choose the right bets. In the long run, you only need to win less than 50% to be profitable, or even just hit 50%, and that’s already a sure profit since underdog odds are always +100 or higher.

[LogitechMouse]

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Since some of you know I’m into NBA sports betting, I figured a way to make it easier, just focusing on betting on the underdog.

So I’d like to ask, is anyone here strictly betting on underdogs, moneyline? If you’re doing the same, or even if you’re not but have some thoughts on it, feel free to share your opinion.

TBH, I didn't ever try to focus on the underdogs whenever I bet NBA since I mostly focus on the totals of both teams, or at least I rarely bet on moneyline.

However, I might try at some time to make single bets but focusing on the underdogs. Something like an experiment if it will be profitable or not. I know that in the NBA, we've seen some upsets where a team that has an odd of more than 3 will end up winning on the opposing team that has an odd of around 1.4 before the game starts. If I have the funds, I'll experiment on this one. Focusing on the underdogs both on singles bet and, in a parlay, as well.

Overall, betting on underdogs might be a good thing, but for some, they believe that the risk isn't worth the reward that's why they're betting on other things like the total score or the spread.

[viljy]

In sports betting, looking at different markets makes things more complicated since you need to study them all. So I’m thinking, why not simplify it? Since some of you know I’m into NBA sports betting, I figured a way to make it easier, just focusing on betting on the underdog.

So I’d like to ask, is anyone here strictly betting on underdogs, moneyline? If you’re doing the same, or even if you’re not but have some thoughts on it, feel free to share your opinion.

Let’s be profitable in sports betting!

Sometimes I bet on underdogs. But I would call such bets differently: "betting on a dark horse." At the same time, I follow two rules: to bet on a small amount, which is not a pity to lose at all, and to bet on the match with the largest odds difference. Of course, it can't be systematic, but rather for entertainment. I forgot to mention, it's betting on football.

[cryptomaniac_xxx]

In sports betting, looking at different markets makes things more complicated since you need to study them all. So I’m thinking, why not simplify it? Since some of you know I’m into NBA sports betting, I figured a way to make it easier, just focusing on betting on the underdog.

So I’d like to ask, is anyone here strictly betting on underdogs, moneyline? If you’re doing the same, or even if you’re not but have some thoughts on it, feel free to share your opinion.

Let’s be profitable in sports betting!

Yes, sometimes it's good to put money on the underdog, ML is already attractive and we don't need to complicated things. Although I must say that it's not that you will always see a good live underdog that will give the favorite a good run for their money.

So maybe just see one good underdog bet and that's it, you don't need to force yourself to look at everything because it's not going to happen often. That's one thing I learn from my pops way back, as he knows a gambler who loves underdog, but most of the time, this kind of underdog as hard to come by so don't chase them. Let your instinct help you to see if there is one good underdog worthy to bet with.

[stomachgrowls]

Not every underdog you see on the board is worth betting on, you have to be selective with your picks. In the NBA, a lot of underdogs have been winning lately. In fact, that seems to be the trend in the past few days. Just now, it looks like the Lakers are going to win as they’re leading by 10 points, despite being a +4.5 underdog.

I’d say they were a good pick, especially since this team has been winning recently after trading Davis, even though Luka was still not playing.

So I guess this method can work as long as you choose the right bets. In the long run, you only need to win less than 50% to be profitable, or even just hit 50%, and that’s already a sure profit since underdog odds are always +100 or higher.

If most underdogs will win up  then majority will really be betting into it on which we know that underdogs odds are really that attractive but we do know that this isnt the case that we are really that facing on which this is why there's that choices in between favorites and underdogs. There are really just that those conditions or situations that underdogs will really be having that kind of possible winning up or flipping up the game but of course there's no way on knowing this stuff because we do know that there's no way to tell about factors that will be that affecting the overall outcome.

On the question about being profitable? There's no way on telling on what would be the bets will be having that underdog that win up the game. This is why it will be depending on how you will be assessing out on a certain game whether the underdogs will be having up the chance on winning up the game or not. It will really be just that depending or according into your self preference

[danherbias07]

This strategy could be expensive. There's a chance you might keep on losing every match but there will be good profits if you find a way to pinpoint what underdog teams do have a chance to win in their games.
I do like the idea though because the profits could be huge. The risk is high, there's no question about that, but it could become a successful strategy in the long run. As I said, this is going to be an expensive one and you will need a deep pocket to make it happen. Also, analysis must be at a very high level to at least lower the chance of losing. Betting for the underdogs without the spreads can be scary.

[Hirose UK]

Betting on undergods sounds like lossing games to me, I've been doing it for some time and it some times do end up giving the expected results but in a rare occasion except for you that has been focused on NBA but I'm more of a football better so its always coming negative for me. if the strategy has been working for you you can go ahead and maintain it. but for now I'm not doing underdogs no more.

Actually taking bet on what is not favored can still provide more choices because it is not only about taking the underdog to win but there are several other betting options that go against the direction or take the opposite of what is possible to happen.
Moreover, lately there have been many unexpected results with big team only getting draws or even lost against team that are categorized as weaker, in football anything can happen but yes you have the right to choose in betting because that way you can create you own opportunities for win.

[Cryptmuster]

In sports betting, looking at different markets makes things more complicated since you need to study them all. So I’m thinking, why not simplify it? Since some of you know I’m into NBA sports betting, I figured a way to make it easier, just focusing on betting on the underdog.

So I’d like to ask, is anyone here strictly betting on underdogs, moneyline? If you’re doing the same, or even if you’re not but have some thoughts on it, feel free to share your opinion.

Let’s be profitable in sports betting!

I knew one guy, he was constantly betting on underdogs, several times I witnessed him getting very good wins, and according to him, he plays with a profit, but I can’t say that this is true, maybe he just said so. He moved to another country and now I don’t know how he’s doing, I haven’t talked to him for a long time.

I also thought about trying, but he was very selective about such bets, and just betting at random seems to me that it will definitely be a loss. Actually, I don’t risk betting against favorites, apparently my inner convictions do not allow me to do this.

[Mr.sprin]

but you wouldn’t know which one would be more profitable sometimes underdogs win sometimes favorites lose

Yes, bro, sometimes we can't convince ourselves about who always wins and is the most superior, sometimes we also have to see where our victory lies, sometimes we can win by betting on a team that is not superior, sometimes a team that is superior is not profitable for us to bet there, so we take the one that can benefit us rather than the one that we think is superior but loses the bet, it is better to take the safe and profitable route for us.

[btc_angela]

This strategy could be expensive. There's a chance you might keep on losing every match but there will be good profits if you find a way to pinpoint what underdog teams do have a chance to win in their games.

Right, it's because you might bet 10 times on a underdog and only one or even zero win for us. So if you going to compute it, in the end, still going to be a big L on our end. Although the feeling is very different when you hit a underdog, but still at the back of your mind, you are taking negative.

I do like the idea though because the profits could be huge. The risk is high, there's no question about that, but it could become a successful strategy in the long run. As I said, this is going to be an expensive one and you will need a deep pocket to make it happen. Also, analysis must be at a very high level to at least lower the chance of losing. Betting for the underdogs without the spreads can be scary.

I do not think that it's going to be a successful strategy in the long run. So it might be better to just test it out for you, from time to time, you know, at least have some underdog bet and see how it goes for you. Maybe you are going to be lucky that day and win some, but just remember that it's not like everyday that you will fine a good underdog.

[Agbamoni]

So I’d like to ask, is anyone here strictly betting on underdogs, moneyline? If you’re doing the same, or even if you’re not but have some thoughts on it, feel free to share your opinion.

You mention the name of the sports game (Basketball), but you didn't mention the options of the odd you choose when you want to bet on the underdogs. Do you bet that they lose? If so, just know that not all the underdogs will lose everything. Sometimes they will get victory and then you will lose your bet. I don't really gamble on basketball games but once in a while, I bet on them because of the games shared to me by someone else. I don't understand the odds either so I am saying if it is based on wins and losses, you can barely get huge profits on Underdog games.

[Russlenat]

I also thought about trying, but he was very selective about such bets, and just betting at random seems to me that it will definitely be a loss. Actually, I don’t risk betting against favorites, apparently my inner convictions do not allow me to do this.

You should give it a shot man,  Betting on the underdog is probably more rewarding especially when you’re keeping a solid winning percentage,  but it shouldn’t be random, or else you’re basically betting blind. Let's say there are 10 games on the board..  realistically, only 2 or 3 are actually worth putting money on, and the only way to know if this strategy really works is by trying it out.

This isn't a new approach, but whether it’s profitable or not depends on the gambler’s skills and ability to spot the right plays.

[libert19]

Underdogs may create upset every once in a while but more often than not, it's clear winners who win at the end of the day. So I guess, you'd lose more if you continue to bet on underdogs since the losses with underdogs will outweigh the wins with them even if you got better odds in these wins. So betting on underdogs in each game is deffo not advisable.

Though there is one particular scenario I'd like to mention, if some team is known to pull-off upsets — for example in cricket, Afghanistan — this team got close to beating top tier teams like India and Australia few times and did beat Australia in T20WC last year — now, I'd fancy my chances here on Afghanistan just because they have potential, while to think about betting on Ireland against Australia would be foolish as Ireland is team that gets thrashed everytime.

[Dr.Bitcoin_Strange]

In football, betting on underdogs is no way more profitable than the other market option. If you look at those options, you are going to think that one is simpler than the other and the team you are betting on can perform as you have predicted but it doesn't favour one all the time. For me, I usually go for home or away win, I wouldn't say it's more profitable but if you look at it, it can seem simple but luck is not alway in the players side all the time.

[Sanitough]

If most underdogs will win up  then majority will really be betting into it on which we know that underdogs odds are really that attractive but we do know that this isnt the case that we are really that facing on which this is why there's that choices in between favorites and underdogs.

That’s not the current reality, as stats show that favorites win most of the time straight up. That’s why we need to be selective because by doing so, we can find great value bets that give us an edge in the long run. Sometimes, bookmakers overvalue the odds, making an underdog seem like one when, based on our analysis, they shouldn’t be. In those cases, we should take advantage and bet on them.

[Ambatman]

I do bet on underdogs but on rare occasions and I just want to try my luck.
In football bets of this season, Betting on undergo has a higher likelihood of hitting home
Because the so called Giants and favorite to win
Are proven now that they bleed and if they do
They can be fallen.
More challenging but has reduced the risk of losing while betting on underdogs.
Yesterday I betted against Chelsea after they were winning 1-0 and they didn't disappoint in losing
Though I didn't place much, I won quite an amount.

[bakasabo]

I hope OP is not expecting yes or no kind of an answer, as it does note exist. It is profitable in a sports where end result depends from one single action, like lucky punch. That definitely is an individual sport, as synergy of a team with high probability cancel that luck chance. And it is profitable when you are ready to lose bets and risk.

[stompix]

Let’s be profitable in sports betting!

Yeah, let's do it, ....how? 

So I’m thinking, why not simplify it? Since some of you know I’m into NBA sports betting, I figured a way to make it easier, just focusing on betting on the underdog.

Prepared to be surprised!
Betting constantly on the underdog or on the favorite in the end will yield the same results.
Playing 100 games on 100x with a 1% chance is statically the same as playing 100 games on a 2x with a 50% chance hope I didn't fatfinger some numbers here.

I played for years on the favorite in horseracing, just sticking to them, after hundreds of bets I was flat, tried with the second SP, and in the end, no wins no gains always fluctuated month after month between +/- 2%, it simply doesn't work because those are probabilities too behind those odds.

You have the whole year of odds for the NBA here:
https://www.oddsportal.com/basketball/usa/nba-2023-2024/results/
Do the math for the underdog each round and then see for yourself.