Favourites and Underdog guidelines
The different between Underdogs and Favourites
Betting on the Underdog
It’s a question that you ask yourself each time you think about placing a bet, should I bet Favorites or the Underdogs?
as you should understand the difference between Underdog and Favourite and figure it out which one you like or you think it is suitable for your strategies.
Now let’s look at the definition of what is Underdog and Favourite:
More on the Favourites…
- The favourites, are, by definition, expected to win as the outcome of the chosen match meets the existing expectation.
- The goal of winning is seen as a minimum standard that must be met, and as such, winning becomes an obligation or duty that favourites ought to fulfil to secure their standing. When winning is viewed in these terms, people translate the goal of winning (a positive outcome) into a focus on not losing (elimination of a negative outcome) (e.g., Molden, Lee, & Higgins, 2008).
More on the Underdogs…
- Underdogs are, by definition, expected to lose. As such, they have little to lose but much to gain if they perform better than the favourite.
- Underdogs may feel that winning when a loss is expected will cast their group in an especially positive light, whereas losing will come with few costs because it matches expectations.
- The goal of winning is seen as a maximum standard that one hopes to achieve, and as such, winning becomes an aspiration or an ideal for underdogs to advance their standing (Higgins, 1987). When winning is viewed in these terms, people should be primarily concerned with obtaining a desired positive outcome.
Underdogs are liked by many people but when it comes to generate some money, most bettors choose to go with the favourites. This is the result of no one likes to lose and the fear of losing dominate the average bettor everytime. As in some review, in betting industry, we did mention that whoever is willing to take risks will win big.
Now we will provide an example that let you understand clearly how Underdog works”
Underdog Betting System Example
Real Madrid 2 – 4 Real Sociedad
As stated before the typical odds for a favorites win is pretty low.
The possibility might happen here is You can choose to bet either on only Favourites or you choose to bet Underdogs.
Now you have in you hand $1000, the odds for favourite is 1.6. this is how it works:
One of your picks ends up winning while your other pick loses it’s game.
Game 1 – 1000£ bet- 1700£ winning – Profit 700£
Game 2 – 1000£ bet – 0 winning – loss 1000£
So even after getting one of your bets correct you ended up with a loss of 300£.
Now let’s consider the Underdog system, same with the amount that you are gonna bet before. you have got in your hand $1000. Now let’s see how the system works:
One of your picks ends up winning while your other pick loses.
Game 1 – 1000£ bet – 2500£ winning – 1500£ profit
Game 2 – 1000£ bet – 0 winning – 1000£ loss
*Even after losing one of your bets you ended up with a profit of 500£
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