Betting Every Underdog During Euro 2024: Can This Be Profitable?

• Total bets placed: 42
• Bets won: 7
• Bets lost: 35
• Balance: -$81

1. Match and Market Selection: All Games with a Moneyline Underdog

We will place a wager on all EURO 2024 games (group stage and knockouts) that include an underdog. We consider any team with 33.3% of fewer to win the match as an underdog, which equals +200 in American odds, when you use a betting calculator.

If a side’s odds to win a game are equal or above this price in the moneyline market, we’re going for it and backing the team in question. If the game is close enough, so no price for a win is high enough, we will pass.

2. Odds Comparison

The next step would be to find the best odds. Line shopping and odds hunting are critical for grabbing that extra value on every winning wager.

However, the positive effect might be lost if you spend a ton of time browsing around for every game, so we decided to pick three of our favorite betting sites for this experiment: Bovada, BetUS, and BetWhale.

They all have lucrative bonuses and cover EURO 2024 with hundreds of markets per game, so they give us everything we need to test our underdog betting strategy.

3. Stakes

Once we find the best price for each wager that meets our initial criteria, we place our bets. Since this is a wild concept that could easily go wrong, we decided to bet $10 per wager.

We flirted with the idea of betting 100$ per game, but that’s way too high and could easily go wrong. The responsible approach would be to test the waters with reasonable wagers.

That’s exactly what we recommend to anyone who wants to follow us. Gamble responsibly and pick a number that won’t ruin you if this experiment goes wrong. Because make no mistake, it could easily go wrong!

4. Timing

Since our initial concept is based around value created through hype and uneducated bettors, it only makes sense to place each wager within 24 hours before each game starts.

In theory, that’s when the public interested will peak, leading to the highest odds possible for the EURO 2024 underdogs. That’s why our results and tables with wagers will be empty before June 14, when the tournament officially begins.

5. Results

We’re going to track the results live on this page, so expect updates on a daily basis. The plan is to track units placed, units returned, bets wagered, bets won, and the overall financial results in terms of profits/losses.

Summary

• Total bets placed: 42
• Bets won: 7
• Bets lost: 35
• Total staked: $420
• Total Returned: $339
• Balance: -$81