Betting is a broad market; you would only get the best out of it when you understand some betting terms and how to use them. Sometimes, betting on the underdog can be rewarding. However, you must know when to wager on the underdog to win a game.
There are various factors to consider, so archyde.com spoke to Rebecca Martin, a betting expert from BetZillion, to show us the best Underdog betting tips. You will also find the best bookmakers to place bets and the trusted Tether sportsbook offers to enhance your wagers.
What Is the Underdog System?
Simply put, the underdogs are the side that is less likely to win a game when two sides play once morest each other. As a result, the underdog system is when a bettor wagers on the side that is less likely to win.
The underdog betting system can usually be found in the Moneyline (1X2) market, where you will win your bet when the underdog wins a game, or the spread market, where the underdog must not lose more than a certain point. Usually, when an underdog beats the favourite (the side likely to win), it is considered an upset. It tells you why most people never risk betting on them because they are not expected to win.
However, if you can get the best tips, wagering on the underdogs might get you more returns on your bets, even more than betting on favourites. It is because the odds for wagering on the underdog are usually high since they are not expected to win. In addition, this type of bet is simple to place since no calculations are involved. All you have to do is place a bet on the underdog and withdraw your winnings when they win.
Understanding the Different Types of Underdogs
Betting on the underdog is not only available for the Moneyline or spread betting market. The underdog system is also available for other betting markets. You will find them below with how they work.
Moneyline Underdog Betting System
Let’s start with the most popular one. Wagering on the underdog in the Moneyline betting market means you are backing the team that is likely to lose. This type of bet might be risky, but you must be sure to take a calculated risk. For instance, Southampton were the underdogs when they faced Chelsea in the English Premier League game on August 30, 2022. However, they won the game 2-1.
If you had wagered on the underdogs Southampton to win, you would’ve had a significant return on your bets since the odds on Southampton were more significant than those on Chelsea.
Spread Underdog Betting System
The spread betting market is usually common in Basketball or American Football. Here, the favourites are given a certain point they must use to beat the underdogs. On the other hand, the underdogs are given a certain point they must not lose with.
For instance, in a game between the Kansas City Chiefs and Jacksonville Jaguars, a bookmaker might give the Chiefs -8 points spread to win while providing the Jaguars +8 points spread. It means that if you bet on the favourites, the Chiefs, covering the -8 points spread, they win the game by an 8-point margin. On the other hand, betting on the underdogs, the Jaguars, means they must not lose with more than 8 points. As a result, a 27-20 win for the Chiefs will still win you your bets if you wagered on the Jaguars to cover the +8 points spread.
Outright Winner Underdog Betting System
Betting on the outright winner of a competition comes with lots of analysis, research, and risks. That is why most bettors decide to stick with the favourites. However, the underdogs can sometimes win. So betting on the underdog will give you the best returns since they usually have high odds. It was the story of the Milwaukee Bucks when they won the NBA Championship in 2021 because they weren’t part of the favourites to win.
Other Underdog Betting Systems include underdog to the first score. Here you will wager on the underdog to score the first goal in a game. You can also find underdog scores in-game, where you will predict the underdog to achieve a certain number of goals in the game.
How to Bet Smart on the Underdog Winning System?
One of the factors that can help you in betting is being smart. It would help if you did your due diligence before jumping on the underdog winning system. Here are some of the tips that can help you.
Scan for the Best Underdog Betting Markets
The first step in getting the best out of your bets is scanning the market for the best underdog markets. Instead of wagering on a game where the favourites are significantly better than the underdogs, it would be more appealing to wager on a game where the favourites are only slightly better than the underdogs. For instance, wagering on Newcastle in a match once morest Manchester City is better than wagering on Norwich City beating Manchester City.
Check the Importance of the Game
Another significant factor to consider is the importance of the game. Usually, a team in the relegation battle can upset a favourite, especially if that would be the game that will help them remain in the division. As a result, you can wager on Valladolid to beat Real Sociedad if a win will stop Valladolid from getting relegated from La Liga.
Open Accounts with Several Bookmakers
Comparing odds provided by different bookmakers before betting on the underdog is essential. Bookies offer various odds, which might significantly affect your payouts. To compare odds, you should open accounts with multiple bookmakers and wager with the one that provides the best.
Take Advantage of Promotional Offers
Another tip for getting the best returns on your underdog bets is to take advantage of promotional offers. You have to open accounts with the bookmakers that offer the best promotions so that you can place your bets without using too much of your funds. Bookmakers that offer free bets, no deposit bonuses, deposit bonuses, cash backs, and other freebies should be your target.
Payment Methods in Underdog Betting
Since you cannot place bets without money, creating a sportsbook account with various payment methods is the best. You should also ensure the payment methods are those convenient for you.
Some of the best payment methods to fund your account or withdraw your winnings include:
- Bank transfer
- Bank card (MasterCard, Visa Card, etc.)
- E-wallets
- Payment systems
- Cryptocurrency
Pros and Cons of Underdog Betting
Like other forms of betting, placing underdog bets has pros and cons. You will find them below.
Pros
- It gives you a high payout, thanks to the high odds.
- Profitable even if you lose more than you win. It is because the wins are always high.
- Available for all sports.
- It is not difficult to understand.
Cons
- You are more likely to lose than win, making it highly risky.
- Bettors must be patient to get results.
- You have to do a lot of research.
Conclusion
This guide concludes that placing underdog bets offers the best payouts since it comes with high odds. However, it can be pretty risky as winning is not always guaranteed. If you want to place underdog bets, follow some tips outlined in this guide to get the best out of your wagers.
