At what odds is it worthwhile to place an outsider bet?

[WinJonny]

At what odds is it worthwhile to place an outsider bet?

If the outsider wager is likely to yield a substantial profit even after a few defeats, it is worthwhile. Typically, this is when the underdog has large odds on the outsider bets, possibly as high as 15.00. An outsider bet that consistently wins might generate a sizable sum of cash for the bettor. I'll advise anyone who wants to use gambling to earn real money to at least try it out. The betting method is actually very valuable.

 

[Akuta]

When considering placing an outsider bet, the odds at which it becomes worthwhile depend on various factors, including:

1. Your knowledge and confidence in the team or player's chances.
2. The bookmaker's margin and market dynamics.
3. Your risk tolerance and bankroll management.
4. The potential payout and return on investment.

As a general guideline, some betting strategists consider odds of 10/1 (11.00) or higher to be worthwhile for outsider bets. This is because:

1. The potential payout is substantial, making the risk more justifiable.
2. The bookmaker's margin is often higher for outsider bets, indicating a perceived lower chance of winning.
3. At these odds, even a small edge or value can make the bet profitable in the long run.

However, it's crucial to remember that higher odds often correspond to lower chances of winning. Always assess the situation carefully and manage your bankroll effectively to minimize losses and maximize gains.