Monday night underdog betting Monday, Jul 5 2010
NFL Betting 2:14 pm
Ever since there were bets being placed on the NFL, there were betting systems, and one of the first to become widespread, was betting on the Monday night home underdog. Especially during the seventies and eighties, the Monday night home underdog system was without a doubt the most successful and widespread betting system around.
In fact this system that peaked during the seventies and eighties was so popular and widespread, that it is still a well known system today and even players of the younger generations know about it or are even using this system to place their wagers.
Unfortunately, all good things come to an end and this holds especially true for sports betting in general, where everything runs in cycles and the cycle of the underdog has come to an end. Starting from 1985, the Monday underdogs show 67 to 57 against the point spread, which is still profitable although it is a very tiny profit. In fact these odds cannot even compare to the ones the system used to generate during its peak during the seventies.
When we analyze our historical data we will quickly find out that the bulk of the wins that come from the latter half of the eighties are at 20 to 28 averaged over the last ten seasons of that time period. When we take a look at the last five years it becomes worse with odds like 10 to 14, and finally looking at the last months, the odds have been 7 to 8. With this it is clearly showing a turn from a profit into a loss. At this point it is clear that the system no longer works and should be abandoned, but this is often easier said than done.
A problem many seasoned gamblers have to combat is getting set in their ways, and it is a fact that many still bet on the underdog automatically, even though the odds are no longer in their favor. Even though the odds are now stacked against them, they continue to bet on the underdog on autopilot, and continue to do so out of habit.
Smart players will look at the handicapping and bet on the favorite, whoever that may be, which is a proposition at far better odds as the system of betting on the Monday night home underdog has finally become a thing of the past.
So the advice for all sports betting veterans is to let go of the habit, and put the underdog betting system on ice. It no longer works, and has become a sure fire way to sustain losses.
M.A.H.