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RE: Betting Wisdom | #2 Never Bet On Public Underdogs
Interesting theory. I think that it's just the mirage of a big win that drives most people to bet on the underdog. Specifically for Newcastle's game this weekend, I think that many still thought of the Newcastle that had Alan Shearer playing for them. People can't let go history. In other games, I think that yes, as you said, the favorite should be bet on. Bookmakers know what they're doing.