In baseball, a money line is a common bet you can make. This is different from the point spread that is common in basketball and football. Furthermore, you can opt for a run line or a prop bet, but it isn’t such a popular option. With this bet, you only get to pick who wins the game and not who covers. Therefore, when betting on the money line, you get the choice to take the favorite or the underdog.
However, you need to be aware that when betting on your favorite team, you gain less money unlike betting on the underdog. You can also opt to bet spread, but it’s an uncommon option because you get to place a 1.5 bet for the favorite with varying odds. Another betting option in baseball is over/under. This is where you wager on how many runs will be scored in the game. Below are the best betting tips to consider when betting on baseball.
Take Advantage of the Underdogs
You might need to place your bets on the underdog for the best outcomes during online sports betting. Here, you get favorable odds where you stand the chance of winning big when you win the wager. However, if the underdogs lose, you lose what you wagered. You should try betting on the underdogs because you get large money payouts when they win.
Avoid Large Favourites
Most baseball recreational bettors love taking the favorites. Most oddsmakers know this, and they will capitalize on the bias and shade all their lines accordingly. Therefore, you will find that most of the popular teams like Dodgers, Cubs, Yankees, and Red Sox, will be overpriced because most betting folks will take them no matter the odds.
Follow the Reverse Line Movement
Baseball is more than just blindly going contrarian and taking plus money dogs. You need to be on the sharp side of all the games, thus creating a long track record of success. One way to achieve this is to follow the RLM (reverse line movement). This is when the betting line moves in the opposite direction of all the betting percentages.
Always Bet Against the Public
When you bet against the public, you will discover that most of the time, the public loses. Therefore, you can always win big in most of the matches. Most average bettors will wager based on their gut instinct. Consequently, they will choose favorites, teams with star players, popular franchises, and home teams. By knowing this, you ensure that you don’t end up a victim of the recency bias. Instead, you can go contrarian and capitalize on their bias while taking advantage of the inflated numbers.
Check the Weather
The weather is a significant factor to consider before placing your wager. Wind can impact the game negatively, thus working against the Moneyline bet. Therefore, if the wind blows in, the home runs can be warning track outs thus benefiting anyone who bets on under. On the other hand, if the wind blows out, it can turn all fly balls into homers, thus benefiting overs.
Always Shop for the Best Line
One of the largest mistakes you can make as a bettor is to make wagers through one betting site. This is bad because it forces you to play whatever number the bookie offers. Instead, you should open multiple accounts on different sites so that you can end up shopping for the best line. It guarantees you the best deal and ensures that you can stand a chance of winning big.
Manage Your Bankroll
Lastly, you need to learn money management. It’s crucial if you want to enjoy long-term betting success. When betting on baseball, employ the flat betting approach. Therefore, ensure that every play is the same, thus risking only one unit per play. Furthermore, you should practice betting between 1 to 5% of your bankroll daily. It guarantees that you never waste your money when betting.