Yes very true, that is where the bettor who isn't emotionally attached can do well. I have done some silly bets on England before and looking back I wonder what on earth I was thinking. A few years ago I put £20 on England to win a Euro qualifier match but it ended in a draw. I remember the bloke who took the bet said good luck and I think he genuinely meant it, he was also laughing as he probably thought what a mug!