It was also a terrible week for
contrarian betting with teams receiving less than 50 % of spread bets posting a 3 - 10 ATS record.
Our industry contacts and analytical tools allowed us to focus on «bigger games» with national focus — leading to more
contrarian betting value.
In the past, I have highlighted several
profitable contrarian betting strategies that include our betting percentages, most of which involve exploiting public perception.
It was also a nice week for
contrarian betting as teams receiving less than 50 % of spread bets went 9 - 5 ATS this week.
This is particularly interesting because it's the most profitable month during the regular season, however, in the past we've discussed
why contrarian betting is particularly lucrative during the postseason.
Less than 10 % of bettors are on the draw, which appears to be a
great contrarian bet for tonight considering the reverse - line movement.
Even at the optimal level
of contrarian betting, this strategy doesn't cover the spread at a high enough rate to overcome the standard juice charged by sportsbooks.
Our research revealed that the most profitable spot
for contrarian betting was when teams are receiving less than 35 % of spread bets at our seven contributing sportsbooks.
The table below, using line data from Pinnacle, shows performance of
contrarian betting on NFL playoff games since 2003.
With the World Series over, keep your browser pointed to SportsInsights, where our NHL &
NBA contrarian betting systems have gotten off to a good start (a combined +11 units in their respective early seasons.).
Your analysis, coupled with insights NFL and MLB
contrarian bet signals has made for a very successful run over the past 4 - 5 months.
We've showed time and again here in DailyWealth that this idea is a great way to figure out the pulse of a market and
make contrarian bets at extremes.
This year's NHL Betting Against the Public article details the profitable points for
contrarian betting between 2005 and 2011, and teams receiving less than 40 % of moneyline bets had won 75.8 units, or a 1.6 % return on investment.
A key factor when formulating any type of system is consistency, and below is just a broad sample of
how contrarian betting is essential at this time of year.
The Ravens also fit several profitable strategies including our
ESPN contrarian betting systems from Week 6, Week 9 and Week 16.
At the time of publication, Kentucky is receiving 60 % of spread bets as a 19 - point favorite for Thursday's game against Georgia, so be sure to keep an eye on the betting trends and spread for this game for a
possible contrarian betting opportunity.
Knowing that home teams and favorites have been historically overvalued, our first step in creating a
new contrarian betting system was to focus on road underdogs.
The Heisman Trophy winner will be announced on Saturday but, with the conclusion of the regular season, there's limited opportunity for college
football contrarian betting this weekend.
If you're new to Sports Insights, we recommend starting with Pro as it comes with our formulas and analysis in the form of smart money & steam moves,
contrarian betting plays and our Best Bets.
As you can see,
contrarian betting becomes profitable at the 25 % threshold, yet our return on investment (ROI) more than triples when focusing on teams receiving less than 20 % of spread bets.
As you can see, our sweet spot for
NHL contrarian betting comes when visitors are receiving less than 35 % of moneyline bets.
Earlier this week we contributed an article to ESPN Insider which detailed
where contrarian betting value lies during college football game season.
In this article, we show that a simple method of using Sports Insights» «Betting Percentages» and «Number of Bets» to help select underdogs can
capture contrarian betting value.