Betting on favorites is one of the most common strategies in sports betting. At first glance, it makes perfect sense that favorites are favored for a reason. They have better stats, stronger teams, and more public support. Whether you’re betting on 20bet or any other platform, backing the favorite often feels like a safe move. But is it the smartest play? Let’s break it down into good, bad, and everything.
The Upside of Betting on Favorites
First, let’s discuss why betting on favorites can be a solid strategy.
Higher Chances of Winning
Favorites are expected to win for a reason. They have better form, stronger lineups, and often superior coaching. If you bet on favorites, you’re putting your money on the statistically stronger side, which increases your chances of winning.
Be Stress-Free
If the stress of uncertain games does not appeal, betting on the favorites will ease the burden of hoping for a last-minute miracle or unexpected win. Favorites seldom waver in control, which serves to smoothen the experience.
Consistent Returns Over Time
While single bets on favorites don’t always bring huge profits, they can add up. A steady stream of small wins can slowly build your bankroll. This strategy can lead to consistent earnings if you bet smart and stay disciplined.
More Information Available
It’s easier to research favorites. They have better media coverage, deeper statistics, and clearer betting trends. You can make a more informed decision rather than taking a wild guess.
The Downsides of Betting on Favorites
Of course, it’s not all sunshine and easy money. Betting on favorites comes with its own set of risks.
Lower Payouts
The biggest problem? The odds are terrible. Since favorites are expected to win, bookmakers offer lower payouts. A $100 bet might only return $120 or $130, which isn’t much compared to the risk involved.
Upsets happen a Lot
In sports, anything can happen. Injuries, bad referee calls, and off-day strikes can all turn a sure win into a shocking loss; just because a team is favored doesn’t mean they’re invincible. If a heavy favorite loses, you could take a painful hit to your bankroll.
Public Bias Can Ruin Value
Bookmakers know the average bettor loves favorites and adjusts the odds accordingly; sometimes, the odds on a favorite are even worse than they should be. You might be paying a high price for a bet that doesn’t hold real value.
Overconfidence Leads to Bigger Losses
Betting on favorites feels safe, which can lead to reckless betting; some people start increasing their stakes, assuming they can’t lose. But once that inevitable upset happens, they lose big. It’s a common trap that many bettors fall into.
Parlays Can Backfire
Many bettors try to boost their winnings by combining multiple favorites in a parlay. While this looks good on paper, one upset ruins the entire bet. All it takes is one unexpected loss to wipe out what could have been a big payout.
So, Should You Bet on Favorites?
No simple yes or no answer depends on how you approach it. Here are some smart strategies:
Look for Value, Not Just Wins
Just because a team is favored doesn’t mean the bet is worth it. Compare the odds to the real chances of winning before placing a bet.
Avoid Heavy Favorites
If a team’s odds are ridiculously low, skip the bet. The risk isn’t worth the small payout.