In the sporting world, there are often three outcomes to an event — a win, a draw or a loss. There is usually one side that is the favorite to win, and then there is the underdog, that is expected to lose. Underdog betting is simply wagering on the team or player that is expected to lose by popular opinion.
Such bets have higher odds, which means they offer more lucrative payouts. To bet on an event, simply visit any reputable sportsbook of your choice, choose the event you want to wager on, and test your courage by betting on the underdog.
You stand a chance to score a higher payout from underdog betting than wagering on the favorites. This wagering method gives a new dimension to sports betting and can make for an exciting betting experience for bettors, especially if their wager eventually wins. In this article, we’ll take a closer look at what an underdog bet is, how to increase your chances of winning this bet type, historic upsets in sports, and more.