Bookmakers set underdog odds to level the playing field in competitions where one side is deemed more talented than the other. Simply stated, an underdog is viewed as less likely to win a competition than the favorite. Two-way betting options, which are posted with odds greater than EVEN, always feature an underdog and a favorite. Also known as a longshot, underdogs receive points (+6.5) on spread betting options and positive pricing (+155) on moneylines and juice.
What is Underdog Point Spread Betting?
Since the odds are always posted with a plus sign, point spread underdogs are easy to recognize.