Betting on favourites is excellent for bettors to make safe bets and minimise their chances of losing money. The only problem with sticking to favourites is that it’s not ideal when trying to make a profit. This is because the odds are short, and bettors must stake high to make a profit if the favourite does win.
Betting on the underdog from time to time can be profitable, especially since you don’t need to stake high to get a chance to win big. Rich Strike has proven that you mustn’t avoid underdogs, especially since anyone who bet on him had a chance of winning big. Rich Strike’s odds were 81.00 for Malaysian sportsbooks, so a $2 bet will result in winnings of $162. What if it was a $20 bet? Then the winnings will be $1,620. Just imagine if bettors staked higher on Rich Strike.
Betting on underdogs can be profitable when doing so occasionally and getting lucky. Placing multiple high bets on underdogs is a bad idea since it will lead to significant losses. Still, occasional bets should be fine, especially since winning them can cover any potential losses from previous bets.