Betting strategy on favourites
Some punters mistakenly think that betting on favourites is a win-win option. There are those who also settle for low odds. One loss is enough to break the winning streak. That’s why it is important to understand in detail how to use this strategy correctly.
The general data
A strategy that involves betting money on a favourite involves using small odds of up to 1.55. Theoretically, this allows you to minimize the possible risks. This is why people think that such bets are completely safe.
It is important to observe the following principles:
- It is not recommended to bet on large odds. The permissible value of the quotes must be no more than 1.55.
- A strong team must win when the odds on the underdog are at least twice as high. Suppose a person bets for 1.50 on the victory of the team, while the odds on the victory of the opponent are 3.00 or higher.
With this strategy, it is not easy to stay in the red over a long distance. Only 1 loss is enough to wipe out 4 winning bets.
How do I choose my match?
In order to successfully use the strategy against a favourite, one should choose the smaller matches that are the most difficult to analyse. If one decides to bet on favourites, one will have to look for the most predictable events.
One should not bet on the favourites to win in the following cases:
- A strong team has no tournament motivation. Let’s assume they have already secured a win in the recent championship matches.
- The favourite comes into the meeting with a streak of more than one match without a win.
- The weather is bad at the time of the match, and this mitigates the differences in technique and class.
If statistics are to be believed, favourites often win in basketball and handball. These sports are easy to predict and that is one reason why odds are less than 1.10. People usually prefer to bet on favourites in football or tennis. These sports often have odds of 1.20 or more.
How to bet on favourites in football
First of all you need to identify the critical point. This refers to the percentage of bets that must be made in order for one to at least break even at the current average odds.
The formula for the calculation:
T = 100 / K. In this case K stands for the average odds.
It is necessary to bet on the favourite in advance. Often a bookmaker’s office provides a line on a top match already a few weeks before the meeting. If you know for sure that the favourites will field their main roster, you can place your bets straight away.
It is worth understanding that a lot of bets will be placed on a strong team. A lot of people want to make a profit, and because of this there may be an overshoot. This means that the odds on the result of the competition will decrease due to the large number of bets placed.
It is worth understanding that betting on a strong team is not a good strategy. Still, with the right matches there is an opportunity to make a profit. You should also remember to bet in advance. Afterwards the odds can change for the worse.