Betting, Dog, Favorite, Push, and Real-Time Odds in Football Betting
Contrarian Betting:
Contrarian betting involves going against the crowd and betting against the popular opinion. For example, if 75% of bets favor one team, a contrarian approach would be to bet on the opposing team, assuming the public is overvaluing the popular choice.
Dog (Underdog):
The "dog" or underdog is the team less likely to win in a match. Betting on the underdog can yield higher payouts if they perform better than expected.
Favorite:
The favorite is the team expected to win in a match. Betting on the favorite usually offers lower payouts due to their higher likelihood of winning.
Push:
A push occurs when the final score equals the point spread. In this case, the bet is refunded, and there is no win or loss.
Real-Time Odds:
Real-time odds reflect the current betting odds for a match and are updated dynamically as the game progresses, providing the latest information for bettors to make informed decisions.
Proportional Betting:
Proportional betting involves adjusting the bet size as a percentage of the current bankroll. For example, consistently wagering 5% of the bankroll ensures a balanced approach to risk management.
Staking Plan:
A staking plan is a strategy to determine how much to bet on each wager. It helps manage the bankroll effectively. Proportional betting is a type of staking plan where the bet size is a constant percentage of the current bankroll.
Bankroll Percentage Staking:
Bankroll percentage staking involves calculating the stake as a proportion of the current bankroll, ensuring a disciplined and sustainable approach to sports betting.