In ordinary life, a recognized leader is called a favorite. In the world of betting, a favorite is an individual player or an entire team, whose victory is the most likely for bookmakers within a particular sporting event. If the strength of the two teams is approximately equal, then there is no favorite among them. Accordingly, the betting odds on them are also almost equal. If the first team is clearly stronger than the second, then they are called “favorite” in the first case and “underdog” in the second, respectively.
Let’s look at an example. Let’s say we choose a football match in Germany, in which the national teams of Germany (W1) and South Korea (W2) take part. W1 will be considered the leader or favorite, and for good reason:
Newcomers to the world of betting believe that betting on favorites is always a win-win. But this is a misconception. Experienced bookmakers know for sure that sometimes a bet on an outsider turns out to be much more profitable. Betting odds for the leader to win are usually low, as he has a high chance of winning. But these chances are not 100%.
When choosing a strategy and a team to bet on, you need to take into account a number of points. Otherwise, the bets will be doomed to fail from the start.
Therefore, you need to carefully analyze everything beforehand in order not to lose your money and motivation to continue betting.
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