The favourite is the team that is expected to win a match.

Commonly, the odds are better for winning with this team. They are the opposite of the underdog. Commonly, to back a favourite one has to pay a premium. The team is likely to be favored when they play at home or if they possess a lot of star power.

The expectations commonly placed on favourites are very high, and a bettor needs to cash at a higher clip to be profitable. Every game has a favourite and an underdog.

Identifying the Favourite

Both sports betting and casino games have become a favourite amongst punters and it’s important to know what to do when placing a bet. Identifying the favourite is simple. Typically, there will be a ‘-’ minus sign next to their odds, while the underdog will have a ‘+’ plus sign.

Fractional odds, on the other hand, will display the underdog as a fraction. For example, if the odds of a team are 3/1, then the underdog will pay out the primary bet multiplied by three. And if you’re a fan of English football, checking out premier league football betting can give you access to a range of exciting matches and odds.

Here are five tips and betting systems that can be used on a favourite:

The 1-3-2-6 system

The 1-3-2-6 system is similar to a progression system known as Paroli. Both these systems include an increased stake after a win. They have a cycle of bets that end at a fixed point; the only difference is the actual betting sequence. The 1-3-2-6 system is easy to understand, and its simplicity appeals to many players. It also has several benefits contributing to its popularity, such as paying out an even amount. It works like the red, black, and white bets in roulette.

If a fourth consecutive bet is won, the sequence is complete, and the player can start all over again. Remember, as soon as a loss occurs, the stake is reset to a betting unit.

Possible Outcomes

With this betting system, there are a few outcomes:

• Lose the first bet
• Win the  first bet and lose the second bet
• The first two bets won, and the third bet is lost
• A win on the first three bets and a loss on the fourth bet
• All four bets won

As seen above, two of the outcomes involve a loss.

The Kelly Formula

The Kelly Formula helps you choose your bet’s size, which is how it works.

• You select a game or an event and have a percentage rate for the outcome. For example, if a defeat is at a rate of 20%, the player must look for a fair event. They then place the probability of that odd in the Kelly formula. It will then acquire a value. For example, if there’s a 20% probability of winning @5.50, the likelihood of 100% is 1.

(Probability x Odd)-1

(0.20 x 5.50)-1

1.1 -1

0.10

Below is the calculation for the best possible stake: 

Percentage of set bankroll  = value /(odds – 1)

0.10 / (5.50-1)

0.10/ 4.50

0.0222

This means 2.22% of your bankroll can be bet on this event.

The Fibonacci Betting Strategy

This system has many betting strategies. It can be a challenging concept for some bettors, but some do enjoy the strategy. Just like any strategy, it has some risks. In this case, the odds for a tie must always be above 2.618. Commonly, it comes with many tie bets with the minimum odds.

If you’re betting on the Fibonacci strategy, timely success is required; otherwise, you risk losing all your money. The strategy also has some wins. A standard tip is to focus on a team known to draw often.

Cash Out Early

Early cash out is also referred to as early payout by Sports betting sites. The early withdrawal option allows a bettor to withdraw their bet early before they’ve been settled. You could profit or get a part of your stake back in this case. This is also subject to your selection at the time. The feature is made available as soon as a pre-match or in-play bet is placed. You can choose to make a cash out when a player or team you support is in a winning position but being led out by an opponent.

Specialise in a League

In this case, you become a league specialist and choose to follow either one country or an entire league. For example, you can go with a league where the players are known mainly, like the German Bundesliga. With this, there are various betting markets, such as over/under bets and Asian handicap.