Gambling on losing teams is a legitimate strategy, but more than betting on losing teams I think it is evaluating the risk/reward scenario with a specific bet. Sure, there might be a team that is likely to win, but maybe it pays a penny to the dollar. Basically, winning that bet doesn’t make a difference. I get more entertainment out of betting longshots and making sure the reward is worth the risk.
Yeah it is, because the odds on them are much better. I mean you can make more money if these less favored teams win the game. It's one example of high risk high reward. When you say team that is likely to win, I think that still sounds unsure so the return here in case we win is still decent than those games who are very obvious if who will win.
There is a difference between the two types of bets that we are explaining here and the difference is major but like you I also feel more entertained when I bet on a much riskier game and it's okay if in case I get unlucky and did not win my bet. That is already expected anyway. If I win, then the joy that I will feel is superb.