Contrarian Betting Meaning – Backing the Public Underdog
Last Updated: May 31, 2022
Contrarian betting is betting against what most of the sports betting public is betting on. Bettors who place contrarian bets do so to find extra value in betting on the underdog, most often because the favorite is overvalued.
For example, in a big duel between Manchester City and Manchester United, 85% of punters are betting on City. While City is the favorite to win, this is too great of a number, and betting against the public can be a very profitable decision.