We can argue sports betting is about knowledge a person has about sports but at the end of the day, a person who merely goes with favorite, will also get his picks often right. So is sports betting actually about knowledge?
Edit: So many people are misunderstanding the word, 'favorite' here. What I meant here is oddmaker's favorite. Suppose, a competition is held between two teams 'A' and 'B' with odds 1.2 for former and 2.0 for latter, then former is favorite, and bettor can bet on this favorite without having iota of knowledge about sports itself and still likely win the bet.
I understand the payout will be less, but here we are saying, getting the pick right without having knowledge about sports whatsoever.
Hope I have made myself clear enough.
Knowledgeable bettors can choose the winner of a game whether they be the favorite or the underdog. That's where knowing teams and stats matter. If you can pick winners that are underdogs and get 2.5-5 odds, you are going to be a very rich person long run, long as it's consistent.