Betting on A Strong Team Can Be Very Risky

[uneng]

I'm also of the opinion that betting on the favorite is not always strategic but one thing you need to understand is that if you always place your bets on the weaker side to win then you are actually relying on luck because there's a high chance that those teams would end up losing and betting on them is very risky. The strong teams can be very risky as well and many consider betting on them as a trap but this has a high chance of playing out compared to betting on the underdogs consistently.

At same time, if you keep placing bets on the strongest team, you will make only minor profit, like 0.10x per bet, meaning you have to win 10 times in order to double your base bet. And in 10 matches, it's quite likely that team won't win all of them, possibly losing or drawing one or more matches. If something like that happens, you will be already at loss. So even though risks are lower, it doesn't worth on long run.

[moneystery]

Even if the odds are lower, that doesn't mean you can just casually ignore the risks of that bet. There are many factors to consider, and lower odds don't necessarily mean the outcome is certain; there's still a chance you could lose that bet.
So, before placing a bet, it's always a good idea to make sure you're not risking more than you're willing to lose, and always keep in mind that your chances of losing are higher, so it won't let your confidence get ahead of your judgment.

[sunsilk]

Have you ever bet on a team which was very weak and you have won 10 times more than expected in any kind of sports?

That was a normal scenario in the sports. The underdogs have the chance to beat the favorites and no matter how stable the favorites are, there are some instances that could change the results.

The twists are there and no one will see it coming. And so, sometimes I bet for the underdogs for as long as I have an idea how good they are.

But if it's just randomly betting on the underdogs to have fun, I also do it but not with bigger amounts.

[Perfectbaby]

I'm also of the opinion that betting on the favorite is not always strategic but one thing you need to understand is that if you always place your bets on the weaker side to win then you are actually relying on luck because there's a high chance that those teams would end up losing and betting on them is very risky. The strong teams can be very risky as well and many consider betting on them as a trap but this has a high chance of playing out compared to betting on the underdogs consistently.

At same time, if you keep placing bets on the strongest team, you will make only minor profit, like 0.10x per bet, meaning you have to win 10 times in order to double your base bet. And in 10 matches, it's quite likely that team won't win all of them, possibly losing or drawing one or more matches. If something like that happens, you will be already at loss. So even though risks are lower, it doesn't worth on long run.

I agreed with your opinions..
Stronger team often have the smaller odds because the bookmakers itself believed that there is always winning in them so lot of people would be wanting to bet on them whereby they could reduce the odds allocations to be able to suite what they could be paying out should there is a much higher winning, that would run them down or lacking funds to pay. That is why, those games they knew that winning would be hard you see them allocates higher odds so that those who doesn't know about odds could likely choose them and then loose their bets.

[L E G E N D A R Y]

At same time, if you keep placing bets on the strongest team, you will make only minor profit, like 0.10x per bet, meaning you have to win 10 times in order to double your base bet. And in 10 matches, it's quite likely that team won't win all of them, possibly losing or drawing one or more matches. If something like that happens, you will be already at loss. So even though risks are lower, it doesn't worth on long run.

Coupled with the fact that there are times where the underdog teams are mostly on fire, and the big teams tend to lose more times than they usually win, for someone using this sort of strategy, it could mean serious trouble for them fr. I used to feel like this strategy was just another sure banker, and though the odds were quite small, I felt they were worth risking and I risked them, but I learned the hard way.

[TedMosby]

[...]
Have you ever bet on a team which was very weak and you have won 10 times more than expected in any kind of sports?

I guess all of us have done that for fun at some point, treating sports betting like a lottery, picking an underdog team with super big odds, hoping to hit the jackpot. I personally did that a few times, but never experienced a win from that kind of risky bet. It may be rare to win by betting on an underdog team with super big odds, but in prediction markets, it's more common because people can trade their positions.

I think it's better to place a bet on a prediction market when you want to make that kind of jackpot bet. Not all sportsbooks offer a cashout feature, but in prediction markets, you can sell your position to secure a win early and prevent a stronger team from making a comeback, which often happens in sports.

BTW, in your case, I think people who bet on Zimbabwe are mostly Zimbabweans. They just picked Zimbabwe to show their nationalism, whatever it takes. Wait, you guys never did that?

[Shinpako09]

It is, but it also happens in different sports, not just in cricket. For example, in boxing, Tyson vs Douglas in 1990. The odds for Tyson is -4200, it says he has 97% chance of winning but he got knocked out by Douglas in the 10th round. In horse racing, Rich Strike won at +8000 odds. These two are just examples that there is no such thing as guaranteed win just because they seem to be stronger. That's why for me sports betting is not all about analyzing, you still need luck. It's gambling after all.

[Vaskiy]

In recent days these kind of win by the underdogs can he seen much on cricket. Even in a 5 match series Namibia has marked its win. The final and fifth match of the series took place yesterday. Ireland won the toss and scored just 129 runs. Namibia reached the target in the 22nd over and won the match and the series. This a historic win for Namibia against a full member. Unpredictable win/loss is part of sports and that is what makes gambling even more interesting.

[Karl_3000]

In recent days these kind of win by the underdogs can he seen much on cricket. Even in a 5 match series Namibia has marked its win. The final and fifth match of the series took place yesterday. Ireland won the toss and scored just 129 runs. Namibia reached the target in the 22nd over and won the match and the series. This a historic win for Namibia against a full member. Unpredictable win/loss is part of sports and that is what makes gambling even more interesting.

It is not only happening in cricket but it is happening in all games. If the underdogs are not winning, how will the bookmakers make their money? Betting on the strong players will give you low odds, so that after many underdog played with strong players, there will be a time they will draw and sometimes the strong players will lose to the underdogs and the bookmakers will be very happy about it.

[Out of mind]

Although I don't watch much cricket, I don't bet that much either, but I had bet on a team before, but I lost that bet. Although in cricket, it is not very accurate to say who will win, but if you play with a strong team and a normal team, then you can be pretty sure that the strong team will win. But in football, the most unexpected results are seen where many strong teams and sometimes lose to normal teams. However, since you mentioned the final match between Australia and Zimbabwe, of course this match was an unexpected result where most people bet on Australia. Moreover, we still know that Australia is a strong team and it is very difficult to beat them, in that case it is natural for people to bet on this team. However, there are times when there are some people who support and bet on their country out of love, even though they themselves know that they will lose, but still they bet thinking about their country.  But sometimes, due to unexpected results, the stronger team is able to defeat them and that person can achieve a victory that gives him several times more profit, thus many times people win the bet.

[eisen33]

I am familiar with cricket and I have played it for years. That's why I always pick up cricket. And whoever is fond of cricket will understand my question much better. Although the question is very general and hope all of you will understand. A match against Australia and Zimbabwe was played about a decade ago. And the over-confidence of betting people on Australia sinked them. Like 1 dollar for the one who bet on Australia win and 100 dollars if zimbabwe win. Unlucky was the day for those when Taylor of Zimbabwe made 60 runs and played a vital role in Zimbabwe win. It was just good luck for the people who bet on Zimbabwe win, because they already knew the strength of Australian team at that time.

It was a match no body imagined that Zimbabwe will win from the four time world champions. Unlike today's IPL in which most of the matches are fixed. Have you ever bet on a team which was very weak and you have won 10 times more than expected in any kind of sports?

No, I never do that, in my opinion these kinds of defeats involving strong teams don't happen very often. If you bet exclusively on trying to catch such an upset, I think you'll have to endure a lot of losses along the way. I don't know the exact statistics, but I think that in regular top leagues, when a favourite plays against an underdog, the odds can be one to ten. And I believe that upsets happen less frequently than once in every ten matches, so I think this is a poor strategy. In the long run, you'll still lose more often than you win.

[swogerino]

Betting on a strong team is the perfect example of high risk low reward example as usually these teams have low odds but the chance that you lose the game is there. To make an analogy is like the super bonuses or super free spins by Pragmatic Play as you expect to win big when you pay 1000x or 1250x to enter the bonus only to get exactly some times 0x in return. The same with the strong teams, we expect them to win most of the time but nothing is guaranteed and we may lose a lot of money on these teams.