Online sports betting lines nearly always include a favored team and an underdog team, and a sports betting fan’s job is to determine which of the two teams offers the best sports betting value as determined by how the online sports betting odds have been established.
Many online betting fans wager on favorites much more frequently than they wager on underdogs. However, the most successful handicappers generally engage in betting on favorites and underdogs at a nearly equal rate, and such a balance is typically recommendable.
The online sports betting public often appears to prefer wagering on favorites, although it is not clear exactly why this trend exists. The most likely explanation of this online sports betting phenomenon is simply that bettors prefer wagering on the better team in a sports betting matchup, as the team naturally seems more likely to win. Furthermore, it can sometimes be quite difficult to envision an underdog team performing well in an online betting matchup.
Even though many online betting fans prefer wagering on favorites, there is no reason to assume that the favorite in any given sports betting matchup has a better chance of covering the online sports odds than does the underdog. Therefore, it is generally unwise to wager too heavily on favorites. In fact, if you find that your betting typically involves a detectable preference for favorites then it is probably a good idea to reassess your handicapping approach and consider having greater confidence in underdogs.
By adopting greater balance in your online betting strategy you will possibly find that you are able to handicap games more accurately. However, the approach one should take to online betting on underdogs varies depending on the sport one is wagering on. In football and basketball, betting on underdogs is quite simple because one simply must choose the sports betting matchups in which it appears the underdog teams can cover the betting odds. On the other hand, in baseball and hockey betting, betting on underdogs involves wagering on the run line and puck line, respectively. With such online sports betting one must consider the value a team offers with regards to the prices listed in the betting lines. Online betting on underdogs in these situations frequently demands a relatively large risk, so one must be especially careful about finding underdogs that provide genuine value.
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