As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / What is Outsider? Outsider Explained in 2 minutes
Contains commercial content

What is Outsider? Outsider Explained in 2 minutes

Publish Date:March 31, 2021
Fact checked by: Jesse M Cox

What is Outsider?

In any betting market there is a favourite and an outsider. The outsider has a bigger price than the favourite. This outcome can also be known as the underdog.

In match odds for the outcome of a football betting event, the team with the smallest chance of winning is the outsider. In horse racing outsiders are seen as not having a chance of winning a race. However, favourites can be beaten and outsiders do win races. Bookmakers prefer to see outsiders win as they take the least money on these outcomes.

How is Outsider used in Sports Betting?

A betting market comprises of a range of odds which have been designed to make bookmakers a profit and entice customers to bet. The odds on offer reflect the probability of an outcome. When two teams are mismatched there will be a big favourite and the price of the underdog will reflect the disparity.

For example, if a Premier League team plays a non-league team at home in the FA Cup they will be big favourites and the non-league team will be the outsiders. The potential return from backing the outside is bigger from the profit from a winning favourite.

Some bettors prefer to back the outsider over the favourite as the odds are bigger and the there is a better potential profit if the outsider wins. Indeed, outsiders win fewer matches or races than favourites but the odds are bigger.

You can make money backing outsiders but this strategy is based on a low strike rate and significant returns for a low stake. Favourite backers enjoy a better strike rate but a smaller profit from each winning bet. Outsiders do win matches and races enough times to attract bets but the favourite wins more often but this is reflected in the odds.

Did You Know…

The FA Cup has developed a reputation for outsider victories, particularly when lower or non-league teams face opposition from a higher division at home. Hereford United beating Newcastle in 1972 was among the first such shocks, and remains the most famous, thanks in  part to Ronnie Radford’s long-range winner. It was the first time a non-league team had beaten a team from the First Division in a competitive fixture.

See Also

Favourite

Odds-against

Odds-on

Starting Price

Read Also
What is Early Price? Early Price Explained in 2 minutes
The early price is a term most associated with horse racing but ...
What is Best Odds Guarantee? Best Odds Guarantee Explained in 2 minutes
Best odds guarantee is a promotional concession bookmakers use to entice punters ...
BetMGM Promo
What is Favourite? Favourite Explained in 2 minutes
In any betting market, odds compilers put together odds for each outcome. ...
What is Group Races? Group Races Explained in 2 minutes
A group race is a flat race that brings together the best ...
What is Listed Race? Listed Race Explained in 2 minutes
A listed race is just below group level in the European Pattern, ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM
BetMGM
BetMGM Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
BetFanatics
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
T&Cs apply
4.4/5
Latest News
Nevada Casinos kick off 2024 with record-breaking start
The gaming industry in Nevada started 2024 with ...
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
All Odds Categories
Show More
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site