Gambling 101: Betting Underdogs

Author:

Kaitlin O'Toole

Publish date:

Jun 10, 2020

Video Duration:

2:05

How do bettors read underdog odds and is it wise to wager on long shots?

We are breaking down everything you need to know about underdog betting today on Sports Illustrated's Gambling 101

Bookmakers set underdog odds to level the playing field in competitions where one side is deemed more talented than the other.

Simply put the underdog is viewed as less likely to win a competition than the favorite.

Also known as a long shot, underdogs receive points on spread betting options and positive pricing on money lines and juice.

So what is Underdog Point Spread Betting? Well, I'm glad you asked!

Since the odds are always posted with a plus sign, point spread underdogs are easy to recognize. Point spreads vary from as low as +0.5 to upwards of +17 points or more.

Here's an NFL example, Tennessee is visiting Denver and the Titans are plus 1.5 long shot against the Broncos. If Tennessee wins outright, or loses by just one point, bettors cash tickets with the Titans as a short underdog.

If you're considering Underdog Moneyline Betting you don't need to worry about the point spread. In this example the Titans need to win outright for Players to cash winning tickets.

When it comes to Underdog Prop and Parlay Betting Options things work differently.

Bettors can create parlay tickets that consist of underdogs only or they can mix in some favorites. Since underdog juice is more expensive on MLB and NHL point spreads, bettors can tie two or more teams together to create better value

So when it comes to underdog betting, you've got got options and like anything with proper research – it can be profitable.

If you need help along your way make sure to bookmarks Sports Illustrated's glossary of terms and tune in for another Gambling 101 here on SI.com.

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