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Sports Betting: Favorite or Dog?
If you were a sports betting gambler that wagers on the NFL regularly, then taking the underdog would be a more profitable way to go. Here are the results from the last 21 years. The percentages have been rounded off.
Sports Betting Season Favorite Win % Dog Win % |
|
1983 46% 54% |
1984 49% 51% |
1985 53% 47% |
1986 47% 53% |
1987 44% 56% |
1988 49% 51% |
1989 48% 52% |
1990 54% 46% |
1991 50% 50% |
1992 49% 51% |
1993 45% 55% |
1994 46% 54% |
1995 47% 53% |
1996 50% 50% |
1997 46% 54% |
1998 54% 46% |
1999 45% 55% |
2000 47% 53% |
2001 48% 52% |
2002 45% 55% |
2003 50% 50% |
|
Sports Betting Total 48% 52% |
As a sports betting gambler, if you had bet every underdog over the past 21 years you would have done much better than betting the favorite. You could also increase that percentage by getting better numbers than were available at some sportsbooks. Also remember that some games land right on the sports betting number.
It is pretty easy to see the sports betting bottom line though. Underdogs are a better way to go when betting the NFL. Some years have proven profitable doing nothing but betting the dogs. In those 21 years only three times did the dogs come in at less than 50%. Favorites are extremely popular with the betting public but this table shows that they are also popular with the bookmaker, because he wins more often than not when the underdogs cover the spread.
As a sports betting gambler, when you are looking to bet the NFL this season remember to look to take the underdog first. If you remember this one point it may increase your profits all season long.
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