Sports Betting Strategies for Baseball Betting
Well you wouldn’t be able to tell by the weather up here in the Northeast where we just got buried with another snowstorm (still waiting for that global warming to kick in, it’s 10 friggin’ degrees today), but baseball season is right around the corner. You’ve seen the hilights by now on Sports Center, the pitchers limbering up in short sleeves, the sun shine … enough to make you go nuts when you’re stuck in this s**tty weather. But that does mean it’s time to start sharpening up our baseball betting brains.
Now sportsbooks used to dread the arrival of baseball season. Even though NBA has nowhere near the volume of football, at least you still had March Madness to look forward to. But opening day of MLB is usually the day after the national championship game and then you could almost hear the crickets chirp in those offshore offices. It meant you had to sit on your hands for the most part until people woke up for pre-season football. And if you didn’t have a casino to keep you afloat, it could be REALLY bad.
But now, there is some real interest in the baseball betting season. And a lot of that has to do with the VALUE you can find in betting baseball. Many bettors like to stay away from moneyline-based sports, such as baseball and hockey, due to the extremes in winning percentages, but they can be very profitable. Betting on the underdog in moneyline sports will likely give you a losing record, but the payouts for winners will be so much higher that your profits will increase.
On the flip side, betting on favorites might give you a higher winning percentage but you might not win money - which is the whole point of this exercise! Betting on teams like the Yankees will consistently put your odds in the -200s or higher. If you average odds of -200, you would need that team to win 67% of the time to break even. If your average odds go any higher, you’ll need to win 70% or more to not lose money!
For example, if you wager on the Yankees every game of the season (162 games) and they average -200 odds for the season, you would need them to win 109 games just to break even. To turn any substantial profit you would need them to break the single-season win record (116).
That’s why I think some of the best value in the baseball season can be found in betting small underdogs. They still have a very good chance of winning AND you’ll still be getting on the plus side of the line (for instance risking $100 to win between $100 and $115. This dramatically lowers the winning percentage you need to make a profit.
About the Author:
Rich Allen is the owner of
Sports Betting Professor, a premier website for making money from sports betting. For more information
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