"To take the underdog" means supporting or favoring the person or team that is expected to lose or is considered weaker in a competition or situation.
Full definition
While this percentage would not be high enough to turn a profit betting against the spread in football or basketball, it can be profitable
taking underdogs in hockey.
It's incredibly rare to find the majority of
bettors taking the underdog, and this level of one - sided public betting is unprecedented.
This falls in line with past research which found bettors are far more likely to
take the underdog when two ranked teams play each other.
Although casual bettors overwhelmingly take favorites during the regular season, they're far more apt to
take underdogs during the postseason.
That was an interesting development since bettors were likely waiting for the line to reach the key number of 17
before taking the underdog.
It's also worth noting that there's a false narrative which dictates that sharp bettors
only take underdogs and therefore there's never value on the favorite.
It's rare that the majority of public
bets take the underdog, but our past analysis has uncovered tremendous value in these games.
Both Manchester clubs are the favorites to win the league this season but after what we saw last year, bettors shouldn't feel bad
about taking an underdog to win the crown.
It has been profitable to
take underdogs against teams with 60 % winning rate or better (97 + win pace) after the first month of the season.
Since the start of the 2003 season, the majority of spread tickets have
taken the underdog in less than 20 % of all regular season games.
Although squares will overwhelmingly take favorites during the regular season, they're far more apt to
take underdogs during the playoffs.
These casual bettors love the idea of getting plus - money by
taking the underdog on the moneyline, and don't want to lay additional juice by taking the favorite.
However, we constantly preach that there's more
value taking underdogs in games with high totals and favorites in games with low totals.
Previously, I have discussed the value
of taking underdogs in games with high totals since more scoring leads to more unpredictability and that disproportionately benefits the team getting plus money.
If you wanted the other side of the bet, you could normally
take the underdog for the same point - spread (+10 and +3, respectively), and «receive» the points, instead of «giving» the points.
It takes a lot of effort to
take the underdog stomping grounds of New York's top punk acts and turn them into the Central Perk from Friends - albeit with slightly more stain - but CBGB does it with total conviction.
With a very basic and minimal contrarian approach, you would win just over half of your games, but because this system would
often take underdogs, you would earn an impressive 9.5 % ROI.
The title also says «How to Bet Baseball:
Take Underdogs With High Totals» the author is telling readers to bet underdogs when total is 10 or greater because he believes the evidence he provides shows that it is profitable, is that not a recommended system?
That doesn't mean bettors should be
blindly taking every underdog when the closing total is at least 8.5, but it does indicate the «dogs offer added value in these high - scoring games.
There has clearly been an
edge taking underdogs in divisional games, and focusing on road teams with high totals only improves upon those results.
Square bettors are more prone to
taking underdogs because they're happy to simply take the points if two high caliber teams are playing.
At Pinnacle, 70 % of tickets are
taking underdogs Poland to advance, so I'll definitely fade the trendy underdog here.
It's been very profitable to
take underdogs receiving less than 25 % of spread bets, but it's been even more lucrative when they burned spread and moneyline bettors in the previous week.
That said, we should note that betting against the public isn't limited to simply
taking underdogs as shown by our 2015 - 16 NHL Betting Against the Public report.
75 % of early bets are
taking the underdog Spartans which is a bit of a surprise against an Alabama team who is usually backed by the public.
Many people
like taking the underdog and are ALSO rooting for the Giants versus the «Evil Empire» Patriots, who destroyed opponents with no mercy earlier in the season.
Cooley elaborated that although it's still preferable to
take underdogs late, you can't wait until the last possible moment.
With so much parity in the NFL, wiseguys and betting syndicates
eagerly take underdogs — especially at inflated prices caused by the increase in public money from recreational bettors.
Square bettors love to pound the favorite while sharp bettors would simply wait for bookmakers to adjust their odds before
taking the underdog at an artificially inflated price.
Admittedly, it's far more common to find the majority of public
bettors taking an underdog during the playoffs when bettors view both teams as being talented and are increasingly willing to simply take the points and hope for a competitive game.
Although it's very common to see casual bettors
take the underdog when two ranked teams square off, bettors are clearly deterred by the Sooners» Week 1 loss to Houston.
Public bettors are increasingly willing to
take the underdog during the NBA Playoffs, and it wouldn't be surprising to see even more bettors backing the Blazers if Durant is eventually ruled out.
As you can see in the graph below, this very basic system
of taking underdogs of under +180 and receiving less than 35 % of money line bets had produced positive results.
It takes a lot of effort to
take the underdog stomping grounds of New York's top punk acts and turn them into the Central Perk from «Friends» — albeit with slightly more stain — but «CBGB» does it with total conviction.
Since the start of the 2005 season, the majority of public bettors have
taken the underdog in just 22.65 % of all college basketball games.
One interesting trend is that there's only one round where bettors would have made
money taking every underdog — the Conference Finals.
Since bettors are likely to take the favorite on the full game line, it is increasingly likely that they will
take the underdog on the second half line in order to create this middle opportunity.
Casual bettors tend to believe that rivalry games are always competitive, so they are increasingly willing to
take the underdog in these matchups.