In any sport there are teams that are at the top (favorites) and there are teams that are at the bottom (underdogs) of the success pyramid.
If we bet on favorites, we frequently will be right, but because many people will be placing the same bets, odds will be low. As a result, such bets will not be profitable.
If we bet on underdogs, odds will be high, but a frequency of correct bets will be low. As a result, such bets also will not be profitable.
The idea is to bet a fixed amount on a team that is underdog in view of majority, but will surprise many and shows a better result than it was in the past. Such strategy is called a fixed size betting. It is a low risk strategy that give some profit if the team will be chosen right. A fixed strategy is a strategy to bet the same amount on a particular fixed event, for example that a home (or away) team win, for all games in a pre-selected group of games.
Let us consider an example.
Chicago Bears team was 2nd in the North AFC division in 2013 season, but failed to the last place in 2014 and 2015. Majority of bettors had come to a conclusion that Chicago Bears is a week team and this moved odds up for games where Chicago Bears was the away team. This created a profitable opportunity for the fixed strategy to bet a fixed amount on all games, where Chicago Bears was the away team in 2015-2016 season.
If we look into the table with games where Chicago Bears was an away team, we can see that betting the same amount on this away team in 2015-2016 season would give us over +103% return on all bets within five months.
If you want to increase your profit you should use the optimal strategies (see [1]).
In the next post we consider a simple way to get stable regular income from income sharing programs.
References
[1] Simple optimal betting, trading, investment strategies
