Everyone loves a good underdog story. There’s nothing better in sports than seeing a weaker side triumph over a stronger one, especially if it’s your side that wins. It’s even more exciting to root for the underdogs if you’re betting on sports, where big underdogs can mean a big payout. Although the betting favorite usually comes out on top, there are some sports where it happens more regularly than others. Parity in sports, as well as low scores, can mean that lower-ranked teams always have a chance of success, even when playing the best sides.
If you’re looking to make a profit from sports betting, you’ll need to know which sports feature underdog success stories more often. This way, you’ll know whether you should be betting on the favorite or the lower-ranked side in order to make the most money from your bets. Before you get started betting, be sure to also check out any bonuses you can make the most of. The BetMGM bonus code is currently one of the best available.
MLB
Baseball is considered one of the best sports to bet on due to the large number of games taking place each week. Not only is there a high volume of betting opportunities, but the MLB ranks as one of the best leagues in US sports for parity. In other words, the underdogs manage to beat the favorites more often than in many other sports. In fact, the betting underdogs in the MLB manage to win around 41% of the time.
This can cause quite a headache for sportsbooks, so naturally, the moneyline odds tend to be a little closer than in other sports. For this reason, many baseball bettors prefer to bet on the total points or go for prop bets instead. Still, if you want to make some wins betting on the underdogs, the MLB is one of the best options for you.
NHL
Hockey is a low-scoring sport, and as a result, there can be a lot of variance in how teams perform. A stronger side will usually come out on top over a long period of games, but one or two games can see an upset in the odds. This is because it’s much harder to score, and goals can always be scored against the run of play. Like the MLB, the NHL is considered one of the best sports to bet on if you like going with the underdogs.
Of course, the moneyline will often be a bit closer in reflection of this, but there is still good profit to be made betting on the underdogs. The betting favorite in the NHL wins around 59% of the time, which gives more than enough opportunities to make a profit on the underdogs. You can also make the most of betting line movement to gain further advantage.
Soccer
Soccer is the sport of choice for millions of bettors as there are so many games going on all the time. You can find games all over the world to bet on, including the Champions League. It’s also popular because of how often the underdogs win, with upsets happening around 50% of games. This means there’s a lot of profit to be made if you regularly opt for the underdogs over the betting favorite.
However, you should note that draws are common, and this can spoil your moneyline bets. To avoid this problem, you can opt for handicap bets or the draw no bet market, which are offered by most major sportsbooks.