In sports betting, the underdog is given more favorable odds because they are perceived as less likely to win. Bettors who wager on the underdog can receive higher payouts if the underdog wins, due to the risk associated with betting against the favorite. The underdog’s odds are typically displayed with a positive sign, indicating how much profit can be made from a bet.
Underdog Example
For example, in a football game between Team A and Team B, if Team A is heavily favored to win, Team B will be considered the underdog, with higher potential payouts for a winning bet on them.