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Key Concepts

Dog (Underdog)

/dawg/

The +EV Bets TeamJanuary 14, 2025
Definition
The dog (underdog) is the team or player expected to lose a matchup. Dogs are indicated by positive moneyline odds (+150, +300, etc.) or receiving points on the spread (+3, +7). Betting the dog means backing the less-favored side.
Example

Jets are +7 underdogs against the Bills. The Jets are 'the dog.' If you bet Jets +7, you win if the Jets win outright or lose by 6 or fewer points.

Common Questions

Historically, underdogs have been slightly more profitable than favorites because the public over-bets favorites. But the edge is small and varies by sport—value matters more than position.

A live dog is an underdog with a real chance to win. This contrasts with a team that's clearly outmatched. Sharp bettors look for live dogs where the market underestimates their chances.

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