I was a huge square when I began betting, ONLY taking favorites (after all, favorites should win, yes?), but I have experienced firsthand that this strategy does not work.
My question is, what % of gamblers bet mostly favorites and what % of favorites actually cover? I know this varies on a year-to-year basis, but is there a hard number out there that suggests that dogs cover x amount of the time?
I know that I was reading articles in 2005 football season that said it was one of the worst years for sportsbooks in the history of accepting wagers since the faves were covering like an astounding 58% of the time, but whats the norm?
My question is, what % of gamblers bet mostly favorites and what % of favorites actually cover? I know this varies on a year-to-year basis, but is there a hard number out there that suggests that dogs cover x amount of the time?
I know that I was reading articles in 2005 football season that said it was one of the worst years for sportsbooks in the history of accepting wagers since the faves were covering like an astounding 58% of the time, but whats the norm?