How to Find Value in Betting on Underdog Teams

Last Updated on May 15, 2023

Have you ever found yourself rooting for the underdog team? These are the teams that are expected to lose but end up winning against all odds. Underdog teams defy expectations and prove that anything is possible with hard work and determination.

In sports, underdog teams are often the ones with lower rankings, less experienced players, or fewer resources. However, they can still triumph over their opponents and even become champions. This phenomenon has captured the hearts and imaginations of fans all over the world.

How to Find Value in Betting on Underdog Teams

But why do we love underdog teams so much? Perhaps it’s because we see ourselves in them – ordinary people with the potential to achieve great things. We admire their grit and resilience, and we draw inspiration from their successes.

Moreover, underdog teams provide a refreshing change from the usual domination of top-tier teams. They inject a sense of unpredictability and excitement into the game, creating moments of pure joy and disbelief when they emerge victorious.

Whether it’s a buzzer-beater shot, a last-minute touchdown, or a dramatic penalty shootout, underdog teams can create some of the most memorable moments in sports history. They remind us that anything can happen and that sometimes, the little guy can come out on top.

So the next time you’re watching a game, don’t be afraid to root for the underdog team. Who knows – they might just surprise you and make your day.

Advantages of Betting on Underdog Teams

As a sports bettor, it’s easy to gravitate toward the favorites. They have the better odds, and the bigger names, and are typically expected to win. However, overlooking the underdog teams could be a mistake. Betting on underdogs can provide numerous advantages, some of which include:

Higher potential payouts

When it comes to underdog teams, the odds are not in their favor. This means that the potential payout for betting on them could be much higher than betting on the favorites. The higher risk of betting on the underdog is offset by the potential for a bigger reward. For example, if you bet $100 on an underdog team with +500 odds and they win, you stand to receive $600 ($100 bet plus $500 winnings).

Lower likelihood of public favorites winning

Public favorites are the teams that everyone expects to win. They have the biggest names, the best records, and the most media coverage. However, public favorites don’t always win. In fact, upsets happen regularly in sports. Betting on an underdog team gives you a better chance of capitalizing on these upsets. When you bet on an underdog, you are essentially betting against the public opinion. This can be advantageous because the public often leans towards the favorites, leaving the underdogs overlooked and undervalued.

More room for error

Betting on favorites can be risky because even the slightest misstep could ruin your bet. With the odds in their favor, favorites are expected to win by a certain margin. If they fail to cover the spread or lose outright, your bet is no longer profitable. Conversely, when you bet on an underdog team, you have more room for error. They don’t have to win the game outright for you to profit. Even if they lose, they can still cover the spread and provide a winning bet.

Betting on underdog teams can be a smart strategy for sports bettors. While the risk may be higher, the potential payout and lower likelihood of public favorites winning can make it a profitable decision. By giving more consideration to the overlooked teams, you may find yourself winning more bets and improving your overall success in sports betting.

Read: The Psychology of Sports Betting: Understanding Your Own Biases

Factors to Consider When Betting on Underdog Teams

When it comes to sports betting, most people tend to bet on the favorite team, with the assumption that they will win. However, betting on the underdog can also be profitable if you know how to analyze the situation. Here are some key factors to consider when betting on underdog teams:

Team Dynamics:

  • Look at the overall team dynamics, including the players’ performances and attitudes toward the current game.

  • Consider the coach’s strategies and whether they are effective when playing against stronger teams.


  • Injuries and suspensions can significantly affect the performance of a team, especially if key players are missing.

  • Check the latest news and updates on the team’s injuries and whether they are likely to affect the team’s performance.

Historical Matchups:

  • Review the historical matchups between the underdog team and the favorite team.

  • Look at how the underdog team has performed against similar opponents in the past and whether they have pulled off any upsets.

Home Field Advantage:

  • The home team often has an advantage due to the support of their home crowd and being familiar with the playing conditions.

  • However, the underdog team can also use the away field advantage to their benefit and play with less pressure on them.

Weather Conditions:

  • Weather can have a significant impact on how a team performs.

  • For example, heavy rain or strong winds may affect a team’s passing game or ability to kick accurately.

  • Consider how the weather will affect both teams and whether it gives an underdog team an advantage.

Betting on the underdog can be risky, but if you consider these factors before placing your bet, it can be a lucrative choice. Always remember to bet responsibly and within your means.

Read: Is Betting an Investment?

Strategies for Finding Value in Underdog Teams

Whether you’re a seasoned sports bettor or a novice, finding value in underdog teams can prove to be highly profitable. While they may not always emerge victorious, underdogs can offer great returns for those who know how to spot them. Here are some strategies to consider:

Analyzing Statistics

One of the most important things to consider when betting on underdogs is to analyze the statistics. Look at their past performances and their current form. For instance, is the team going through a slump? Are they performing better than expected? Pay attention to underdog teams that have favorable statistics.

Doing Research on the Team

It’s important to research the underdog team thoroughly. Look at their coaching staff, their playing style, and their strengths and weaknesses. This can give you insight into how the team may perform in upcoming games. Also, monitor the injury reports to see if any key players are out.

Looking for Occasions Where Public Perception is Skewed

Oftentimes, the public’s perception of underdog teams is not accurate. They may have underrated players or be undervalued due to a few bad games. Keep an eye out for these opportunities as they can be lucrative. For instance, if a team is a heavy underdog despite having a good record, there may be value in betting on them.

Waiting for the Right Moments to Bet

Timing is crucial when betting on underdog teams. Look for moments when the odds are against the underdog. For instance, if a heavily favored team suffers a setback or has an off-day, the odds may shift in favor of the underdog. Jump on those opportunities when they present themselves.

Finding value in underdog teams is all about doing your research, analyzing the statistics, and identifying situations where public perception is skewed. Patience and timing are key, and don’t be afraid to take risks. Remember, even if the underdog doesn’t win every time, it’s possible to make a profit in the long run.

Read: Negative Effects of Compulsive Gambling on Mental Health

How to Find Value in Betting on Underdog Teams

Risks of Betting on Underdog Teams

When it comes to betting on sports games, some people find themselves drawn to the underdog teams. After all, who doesn’t love a good upset story? However, while betting on the underdog can be exciting and potentially lucrative, it is not without its risks. In this post, we will explore some of the dangers of betting on the underdog.

Higher Risk of Losing

Perhaps the most obvious risk of betting on the underdog is that you are more likely to lose your money. Underdog teams are considered long shots for a reason – they are not expected to win. If you place a bet on an underdog team and they do not come out on top, you will be out the money you put down.

Injuries and Suspensions Can Have a Big Impact

Another factor that can make betting on the underdog risky is the potential for injuries and suspensions. Unlike favorites, underdog teams are often the ones with weaker rosters, meaning that any loss of key players can have a big impact on their performance. If a star player on an underdog team gets injured or suspended, their chances of winning may drop significantly.

Underdog Teams Do Not Win as Often

Finally, it’s important to remember that underdog teams simply do not win as often as favorites. While it can be tempting to put your money on the team with the best story or the most heart, the odds are usually against them. Favorites are considered favorites for a reason, usually because they have a track record of success and a stronger team overall.

Betting on the underdog can be a fun and exciting way to spice up your sports-watching experience. However, it is important to remember that it is not without its risks. Being aware of the potential for injuries, suspensions, and low win rates can help you make more informed decisions when it comes to your betting strategy. When in doubt, it is always wise to do your research and bet responsibly.

Read: How to Overcome Gambling Addiction: 6 Tips


Let’s quickly recap the key points we’ve covered in this blog chapter. First, we discussed how underdog teams can be a great option for bettors looking to make higher profits. Next, we highlighted various factors to consider when placing bets on underdogs, such as team histories, player performances, and weather conditions.

But before you go ahead and place your bets, we want to remind you of the importance of responsible gambling. Always gamble within your means and don’t let your emotions get the best of you. Set a budget for yourself and stick to it. And lastly, remember that betting on underdogs is not a guaranteed way to make money, and there is always a level of risk involved.

With that said, we encourage you to try betting on underdog teams as it can be a thrilling and profitable experience. Just make sure that you do so responsibly and with caution. Happy betting!


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