Well, it’s early April and for sports fans that can only mean one thing: the boys of summer are back and America’s favorite pastime is just beginning. This is the time of year when the marathon known as Major League Baseball season begins until a World Series winner is crowned in late October or early November.
Not only is it exciting for fans as they cheer on their favorite teams, but for sports betting professionals, the start of the baseball season offers another profitable sports betting opportunity. Although baseball doesn’t get as much action as, say, more popular sports like soccer or basketball, it can be the most profitable and one that shouldn’t be overlooked if you want to make money from sports betting.
Although I mention that betting on baseball can be profitable, you should proceed with caution. There are still a lot of people who lose a lot of money season after season with their baseball bets, but it is largely due to the fact that they don’t know what they are doing.
So why are they losing?
There are probably several reasons, but in my opinion it is because they are making the wrong bets. When it comes to betting on traditional sports like soccer or basketball, you are betting against the spread. So it doesn’t really matter if you bet on the favorite or the loser, the price you are paying is normally -110 and your team only needs to cover the point spread. With margin betting, you need to win more than 52.7% and you will get profit.
When betting on baseball, there is no point difference, so use a money line instead. Although it’s easier to pick winners, sometimes favorites can cost you a small fortune when they lose, and they will lose every now and then. Let’s take a closer look at how these numbers work.
If you were only betting on big favorites this season with an average odds of -200, then your breakeven number would be 66.7%. Sure you will probably end up winning more games than you lost, but even if you won 2/3 of your games, you will show a loss for the season.
On the other side of the coin, if you were to find valuable dogs below the +200 average odds, you would only need to win a little more than 1/3 of your games to show some winnings at the end of the season. Remember that good teams lose and bad teams win. Good luck!
