Betting on Favorites

Betting on Favorites

There are many ways to win a bet. One of them is simply bet on the favorite. But, does it even have any proof? Or you can just follow other people and bet on their choice, without even considering anything about the bet?

Betting on Favorites in Football

Not just the bettors, even experts are still confused about the truth about betting on the favorites. However, at least there are some key points we can get from their studies:

1. Betting on the favorite is usually a good bet.

2. Longer priced favorites are often worse value than shorter priced favorites.

3. Experience is helpful.

Also, another thing we’ve learnt that betting on favorites actually help bettors in losing more slowly. Yes, there is still a chance for player to lose and that’s why it’s not a good long-term strategy. But, at least it spares you some time to come up with another strategy that will boost your profit.

Does it Always Work?

Well, not always. Sometimes betting on the favorites send people to their loss, especially when it’s done without considering every aspect about the match. Sometimes people just get too confident with their choice and ignore the data. It is not totally wrong to trust our instinct, but at least betting on favorites must be backed by data to make it a more objective decision. There have been some cases proving this. Betting on favorites doesn’t always work.

Our first example is the 2015/2016 Premiere League. This event is a perfect example on how betting on favorites work on a long term basis. The previous season deliver a quite convenient even with 100 wins out of 150 games, with 2.0 odds for the home team. In the other words, this is odds-on to win. From this scheme, players had been able to make profit £4.59 to a £1 stakes bet level. It’s pretty good, though.

Then came the next season. In February this year, there were 50 winners from 91 games during the league. All of these winners contributed player’s loss as much as £13.75 for the same stake level, £1. Compare it with the 2013/14 season where the event had 99 winners from 143 games. In this season, the event contributed a long profit as much as £1.21 per £1 stakes level. See? Even if you bet on the favorites, it won’t just always work like we expect them to. Sometimes, there are some ‘fluctuations’ on the field that may alter the outcome of the event. It is also for the same reason, to counteract the negative possibilities, bettors are recommended to use proof-backed betting strategy to help them in the game. It is not just worth for a shot. It’s a proven, logic, and measured strategy to make as much profit as possible while avoiding loss.

Now, let’s recall the top tips about betting on favorites:

1. Betting on the favorite is usually a good bet.

2. Longer priced favorites are often worse value than shorter priced favorites.

3. Experience is helpful.