You have many opportunities to bet on games during the MLB season. We want to help make smarter bets with these baseball wagering tips. Also, we covered various strategies to help you win bigger payouts from daily MLB games starting March to October.
Baseball betting odds are slightly different from those in other sports. The most common one is the moneyline. On the other hand, point spread is popular in basketball and football. In moneyline, you bet on the team you think will win the game. However, you win less money when betting on favorites and more on underdogs.
There are also baseball runline odds and totals, as seen in most sports. Here are some tips to help you with your baseball betting journey.
Baseball Wagering Tips
In Major League Baseball, the best advice is to avoid wagering on heavy favorites. Betting on heavy favorites on the money line is prohibitively expensive after a certain point. Our guide to betting on MLB underdogs shows that the underdog has a 46% victory rate.
Therefore, you’d have to double or triple your bet to break even if you bet on a big favorite (-200 odds or more). In other words, you will only break even if you wager $300 on each of four -300 favorites, and they all win. Thus, these moneylines are not a good bet even if they provide the most excellent baseball betting odds.
On the other hand, underdogs with a positive money line should be your betting target. Their size as an underdog increases as their “plus number” does. You win more than your original bet when the number is a plus. In addition, underdogs are an excellent choice for teaser bets.
If you can hit the 44% rate at which underdogs win overall, betting intelligently on plus-money underdogs solely is likely to provide profits in the long term. That is because if you back the underdog and it loses, you will still be out of the total amount you gambled. On the other hand, if you bet on a favorite and lose, you will lose a lot more money.
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