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What Does Underdog mean in Sports Betting?

The sports betting term “underdog” refers to a team or individual that has lower odds of winning. The word was first used when speaking of dogs that are expected to lose in dog track racing. Since many aspects of sports betting originated from dog and horse racing, it is also common for an underdog to be called a puppy or dog. In typical betting, the underdog will be represented by a plus sign and number next to it that signifies the amount that the bookmakers rate their chances of winning. Hence, the larger a number is the less likely it is that the team is going to win the game. On the other hand, if a team has a minus sign next to its name high the higher the number is the better their chance is of winning. Betting on an underdog is a gamble that has more risk, but can lead to much greater rewards.

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