Difference between revisions of "Underdog"
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(Created page with "In sportsbetting an '''underdog''' is a team that the market perceives as having a less likely chance to win. Often abbreviated ''dog'', the underdog will have plus money...") |
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| − | In sportsbetting | + | In sportsbetting the '''underdog''' of a given event is the side of the market that is perceived as having a less likely chance of winning. Often abbreviated ''dog'', the underdog carries a positive [[point spread]] and yields a [[plus money]] return on the [[moneyline]]. The other side of the same market with a greater perceived chance of winning is known as the [[favorite]]. |
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| + | == Underdog moneyline == | ||
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| + | Underdogs are perceived as having a lower chance of winning relative to the favorite yielding a larger potential return when betting on their outright victory. [[American odds]] format displays underdog moneylines with positive numbers. A team with +200 odds of winning carries a 33.3% [[implied probability]] and yields a $200 profit on a $100 initial risk. | ||
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| + | == Underdog spread == | ||
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| + | == Example == | ||
Revision as of 23:52, 29 December 2019
In sportsbetting the underdog of a given event is the side of the market that is perceived as having a less likely chance of winning. Often abbreviated dog, the underdog carries a positive point spread and yields a plus money return on the moneyline. The other side of the same market with a greater perceived chance of winning is known as the favorite.
Underdog moneyline
Underdogs are perceived as having a lower chance of winning relative to the favorite yielding a larger potential return when betting on their outright victory. American odds format displays underdog moneylines with positive numbers. A team with +200 odds of winning carries a 33.3% implied probability and yields a $200 profit on a $100 initial risk.