You bet on all the favorites, didn't you? Good for you.
I'll bet you made a lot of money too, didn't you.
WHAT! You did not make that much money.
Did you think that all you had to do make money was pick the winning team? I used to think the same thing.
Picking the winning team was the way you bet to make money.
Let me tell you something most sports books don't want you to know.
Betting the favorites doesn't return the most money.
In fact, betting the underdog can pay up to twice as much as playing the favorite.
Why is this? It's because the sports books want you to play the favorites.
It actually costs you money to bet the favorites against the spread.
Let's look at a few things that make the underdog a favorable bet: In the NFL, NBA, or MLB, wins are the only thing that can get you to the postseason.
In college, the teams have to win a postseason tournament, or rank high in subjective polls to get to championship games.
In professional sports, it's only the "W" that matters, not the how much.
Each professional team has about same chance of succeeding due to salary caps and player drafts.
With the exception of MLB, teams cannot stockpile talent.
Because each team can, in theory, have the same quality of talent, the differences in the teams should minimal.
Therefore, point spreads matter less in professional sports than they do in college.
In fact, the teams that cover the spread also wins in more than 80% of the games.
Now understand, picking underdogs all the time does not make sense.
You would lose half the time and never make any money.
But with the right research and information, you could find some highly profitable underdogs to enhance you sports betting portfolio.