I have a question in regards to betting percentage. Say for instance, more often than not, bettors usually bet on the favorite in a particular game, although it can be argued that more often than not, it's smarter to bet against the public. What I would like to know if there's a statistical breakdown of the percentage of winners from bets that were placed against the public on average (Football for example)?
Also, I usually go over to covers.com and see the consensus of what the betting public is betting on in regards to the favorite, and you typically see and 60/40, 70/30, 80/20 percent in favor of the favorite. I would like to know, out of this particular breakdown (60/40, 70/30, 80/20 percent), what's the percentage rate of the underdogs that cover the spread?
Also, I usually go over to covers.com and see the consensus of what the betting public is betting on in regards to the favorite, and you typically see and 60/40, 70/30, 80/20 percent in favor of the favorite. I would like to know, out of this particular breakdown (60/40, 70/30, 80/20 percent), what's the percentage rate of the underdogs that cover the spread?