Sticking with underdogs despite another bad year for home underdogs -- historically the best bet in sports up until 2023.
I am keeping track of the all-underdogs record for the entire National Football League (NFL) 2024 season including playoffs. After 8 weeks, underdogs so far are 56-64-2 against the spread (ATS) or 47%: 39--37-1 road underdogs and 17-27-1 homie dogs.
Over many decades, NFL home underdogs were the best bet in sports -- but not this year or last. Home underdogs were 2-16 ATS over weeks 5-7. Home underdogs went 47-51-5 in 2023-2024 including playoffs.
I will not abandon my all-underdogs strategy after one bad year last year in 2023-4 and a bad start this year.
A simple all-underdogs strategy recorded 25 winning NFL regular seasons over the past 32 against the spread (ATS), a track record significant to statheads (to borrow one of Arch's catch-phrases). At this point, it is probable that underdogs will lose the NFL regular season ATS for the 2nd consecutive year. If anyone knows when is the last time that happened, I would be glad to know.
I should say that the all-underdog long-term winning % ATS is not high enough to make a living against the small commissions implicity built into odds offered by gambling houses.
Sports betting is the House of the Rising Sun of the 3rd millenium: "the ruin of many a poor boy". Dare I say that the 19th century House of the Rising Sun was more fun for the customers, but not the workers.