In sports betting, the favourite is determined by various factors, including team performance, player statistics, and public sentiment. Bookmakers set odds that reflect the perceived likelihood of each outcome, with the favourite having the highest probability of winning according to their calculations. Betting on the favourite usually means placing a wager on a more likely outcome, but this often comes with lower potential returns compared to betting on the underdog, which is the less favored team or player.
Favourite Example
For instance, if the New England Patriots are playing against the Miami Dolphins, and the odds show the Patriots at -150, they are considered the favourite. This means that a bettor would need to wager $150 on the Patriots to win $100 if they win the game.