In the world of sports betting, football is king. However, do you know that there are several betting options offered in this game? Here, we will only explain the favourites against underdogs in football betting.
For football betting, the first thing oddmakers must decide when they set the line is which team is the favourite and which team is the underdog.
Many different factors go into this process. It’s not a simple as the team with the better record being the favourite. Things like home-field advantage, injuries to key players, and even the weather that day can help the oddmakers decide that one team is more likely to beat the other.
Favourites and underdogs are not determined by the number of bets or the amount of the money placed on a team. The underdog could have more bets and more money wagered on them than the favourite. Favourites and underdogs are selected by oddmakers based on their computer models and power ratings.
The Pros and Cons of Favourites and Underdogs
Favourites either give points to the opponent, meaning they have to win the game by a certain number of additional points, or they come with heavy betting odds. This means punters have to risk more money and pay a high price in order to bet on them. Conversely, an underdog will get additional points, meaning as long as the tam loses by a certain amount or less, the underdog wins the bet.
Underdogs will also come with juicy “plus-money” payouts, meaning you can risk a small amount but win a big amount if they pull off the upset. You can quickly identify if a team is a favourite or an underdog by weather they have minus sign (-) or plus sign (+) to the left of their odds. If a team has a minus sign before their odds, that means they’re the favourite. If they have a plus sign before their odds, that means they’re the underdog.