In the subject of sports betting particularly when making NFL picks, there are obviously two teams on the playing field. Probably, one of them is better than the other. That team is most definitely the favorite for they’re more likely to win the match. The other one is referred to as the underdog.
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Now it may seem to be counterintuitive but there are instances in which betting on the underdog can bring profits.
Point Spread and Underdog Teams
In an effort to level out the playing field, bookmakers are giving underdogs the advantage via point spread. Say for example that the match is between New Orleans Saints and Tampa Bay buccaneers. The spread odds are going to look like this:
- Bucs +7.5
- Saints -7.5
In such scenario, the Saints is the favorite. To level the spread, they have to win by at least 8 points or more. Bucs on the other hand has to win outright or not to lose by 7 points or more to cover. Majority of the bettors see these odds and will be taking the Saints to cover as they are assuming that Drew Bees will do what he is good.