Kalshi ticket
2027 Pro Football Champion
One side is the favorite and the other is the underdog.
- The favorite is the side expected to win.
- The underdog is the player expected to lose.
Now imagine you wager $5 on the favorite or $5 on the underdog.
- If the favorite wins, your $5 wager wins you less money.
- If the underdog wins, your $5 wager wins you more money.
Why? Because the underdog was considered less likely to win.
The favorite
Buffalo
Expected to win.
$5 wager→lower potential profit
The underdog
Baltimore
Expected to lose.
$5 wager→higher potential profit