Betting on the favorite in football: pros and cons
Betting on the favorite in football: pros and cons
Gambling is one of the most popular modern hobbies, loved for its flexibility and uniqueness. Sports betting gained a special love because it allows you to combine business with pleasure: watching sports matches and winning an impressive amount of money if your predictions were prophetic.
In addition, it is quite easy to start placing bets: you just need to choose a decent online casino, for example, https://www.aussiecasinoreview.com/bonus-offers/, get welcome bonuses, and immediately place your first test bet.
People prefer to place most of their bets on football because this sport has the largest audience of fans. Classic betting includes the concept of betting on a favorite, which is the reason for constant disputes among the clients of bookmakers.
Favorite betting - a path to bankruptcy or success?
Traditionally, it is believed that bets on the favorite are deliberately losing because they are the source of the bookmaker's income. Inexperienced players often make erroneous predictions and lose a lot of money. But if you take a closer look at the peculiarities of bookmakers, you will notice that sometimes it is really profitable to bet on favorites.
So, around 38% of people, who make bets on football, usually place bets on the favorites. And in most part of cases, it just doesn’t justify itself.
There are several ways to determine the favorite among the two competing teams. The most obvious life hack is odds analysis. The lower the indicator, the more confidently we can say that the team is the favorite one in this confrontation.
But you can pay attention to other aspects as well. For example, the difference in goals, the number of points in recent matches, the advantages and disadvantages of the teams, the characteristics of team players. It is worth checking to see if a member of the team has been injured or a player has been replaced.
It is believed that if a bookmaker puts a coefficient of 1.43 or less on a team, then the chance of winning in this round is approximately 70%.
When should you bet on favorites?
Analyzing the statistics, we can summarize and outline the fact that bets on favorites are mostly not profitable. Even being winning, they return a smaller amount to the deposit and are not justified in the long term.
However, there are several cases where such bets will be quite successful. So, a successful forecast can take place if:
the team is really professional and has already demonstrated excellent results in tournaments in the past;
the team is serious about leading the tournament and is doing everything to beat the opponents in the championship;
the selected team welcomes opponents at home;
In any other situation, bets on the favorite are quite risky and do not justify this risk.
Pros of betting on a favorite in football
An obvious plus of this strategy is the high probability of the victory of the chosen team. Bookmakers rarely make mistakes, so if the team was chosen as the favorite one in the confrontation, then it has all chances to take a leading position. Such bets are more reliable in terms of their reliability.
In addition, during periods of loading per favorite, the real probability of an outcome may be higher than the set coefficient. With a keen instinct, you can make a very successful forecast in time.
Cons of betting on a favorite in football
So far, the biggest disadvantage of betting on favorites is the low odds. Very often, the received winnings are significantly lower than the preliminary bet, and in the long term, this leads to the situations when the players get into debts. The funds won do not even cover spending, let alone making a profit.
In addition, it is also quite difficult to find an event with perfectly scheduled favorites. Often, both teams have approximately the same chances of winning, and in order to make a prediction, you need to go into details and study the peculiarities of the game of each representative.
When should you avoid betting on favorites?
The situation with betting on favorites is rather ambiguous, so each time before making a decision, it is necessary to study statistics in detail and analyze the team's path. Sometimes alarming moments instantly catch your eye, and sometimes you have to immerse yourself in the analysis for a long time to understand who really is the leader in this confrontation.
Sometimes the favorites hold their position throughout the championship, and sometimes they lose to an outright outsider.
It is worth refraining from betting if the outsider team shows excellent results in matches with potentially strong teams. Accordingly, if the unofficial leader of the championship begins to lose to weaker teams, this is also a reason to think about the advisability of such a bet.
Competent analysis of the line will allow you to catch the right moment at the right time and replenish your budget with an impressive amount. In the end, even outsiders sometimes show incredible results, but in most situations, bookmakers rely on clear statistics and analysis of the real parameters of the teams.