Stever1,
Is that not 5200 - 2430 for a 2770.00 gain
18 losses x -135 average = 2430 not 2025
Also you would have layed on ave -135 x 70 games = 9450.00
52 wins x 100 = + 5200.00
18 losses x 135= - 2430.00
GAIN = 2770.00
Still very good about a 30% return in 5 months or so!
Does that sound right to you guys?
And your telling Gamehunter he doesn't know what he is doing. Best of luck GH
Stever1,
Is that not 5200 - 2430 for a 2770.00 gain
18 losses x -135 average = 2430 not 2025
Also you would have layed on ave -135 x 70 games = 9450.00
52 wins x 100 = + 5200.00
18 losses x 135= - 2430.00
GAIN = 2770.00
Still very good about a 30% return in 5 months or so!
Does that sound right to you guys?
And your telling Gamehunter he doesn't know what he is doing. Best of luck GH
Good Write-up, agree with 90% of it.
Disagree in terms of betting dogs....not that it's a good idea, but the numbers you provided are misleading.
Yes the worst team in baseball hits well above the average of the worst teams in other sports, but that doesn't mean dogs have more value in baseball....in fact you could even argue the opposite.
Your example failed to incorporate actually ML and spread figures....and that is the only way to show true value.
Yes, the Washington Nationals may win 35% of their games, but they don't get nearly the kind of ML prices that other poor teams in other sports do.
Marist could go 1-29 and still end up making more money then a baseball team that goes 60-102. If Marist is -10000, and the Nats are -180 every game, that is a huge difference.
I don't believe there is any more/less value in baseball in terms of betting underdogs....it's all relative.
Good Write-up, agree with 90% of it.
Disagree in terms of betting dogs....not that it's a good idea, but the numbers you provided are misleading.
Yes the worst team in baseball hits well above the average of the worst teams in other sports, but that doesn't mean dogs have more value in baseball....in fact you could even argue the opposite.
Your example failed to incorporate actually ML and spread figures....and that is the only way to show true value.
Yes, the Washington Nationals may win 35% of their games, but they don't get nearly the kind of ML prices that other poor teams in other sports do.
Marist could go 1-29 and still end up making more money then a baseball team that goes 60-102. If Marist is -10000, and the Nats are -180 every game, that is a huge difference.
I don't believe there is any more/less value in baseball in terms of betting underdogs....it's all relative.
It must also be noted, that although those numbers are accurate they are also misleading in the sense that those percentages apply to games that were not necessarily dogs.
It may be the case that the poor team is laying the chalk, ala Zack Greinke and the Royals which is not uncommon.
It must also be noted, that although those numbers are accurate they are also misleading in the sense that those percentages apply to games that were not necessarily dogs.
It may be the case that the poor team is laying the chalk, ala Zack Greinke and the Royals which is not uncommon.
I have received many inquiries about a piece I wrote in March 2008 on Covers about betting baseball and I feel this piece is my most valuable contribution at Covers. Many have enjoyed reading it and I wanted to post it again before the baseball season begins. For those who have read it previously, I am sorry for the redundancy although I have added text and made numerous revisions. Best of luck to everyone this baseball season.
Written in March 2008 (revised in March 2009 and March 2010).
WHY BETTING UNDERDOGS IN BASEBALL IS DIFFERENT FROM ANY OTHER SPORT.
There are several different approaches and strategies to handicapping baseball, but the most fundamental and obvious starting point is one that is taken completely for granted. Baseball is quite unique when it comes to betting because the gaps between the best and worst teams are far closer than in any other sport. Let's look at the other major betting sports.
In the NFL this season, the Indianapolis Colts were 14-2 winning 87.5% of their games. The worst team in the NFL this past season was the St. Louis Rams at 1-15, winning just 6.25% of the time.
In the NBA this season, Cleveland is currently 47-14 winning 77% of their games and Lakers are 45-15 winning 75% of their games. The worst team in the NBA is the New Jersey Nets at 6-53 winning 10.2% of the time.
In NCAA Basketball this season, Kansas, Syracuse and Kentucky are all 27-2 with a 93.1% winning percentage. The “Board” team with the worst record in the country is Marist at 1-28, winning 3.4% of the time.
In NCAA Football, Alabama and Boise State both finished undefeated at 14-0 (100%) while Eastern Michigan and Western Kentucky both finished 0-12 (0%).
Meanwhile, the 2009 baseball season was not that much different than any other baseball season.
The New York Yankees had the best record in the majors last season at 103-59 (63.6%) and the Los Angeles Angels had the second best record at 97-65 (59.9%). The two worst teams in the majors were the Washington Nationals at 59-103 (36.4%) and the Pittsburgh Pirates at 62-99 (38.5%). These records are nowhere close to the best and worst records of any other major betting sport.
So there you have it:
Sport Best Worst
NFL 87.5% 6.25%
NBA 77.0% 10.20%
NCAAB 93.1% 3.40%
NCAAF 100% 0.00%
MLB 63.6% 36.40%
I don't like it...you are comparing Baseball with NFL, NCAAB and NBA...The difference is all of those have spreads and baseball is a money line. Yeah Marist is 1-28 or whatever...but they were 10-10-1 against the spread last time I checked. Apples and Oranges.
I have received many inquiries about a piece I wrote in March 2008 on Covers about betting baseball and I feel this piece is my most valuable contribution at Covers. Many have enjoyed reading it and I wanted to post it again before the baseball season begins. For those who have read it previously, I am sorry for the redundancy although I have added text and made numerous revisions. Best of luck to everyone this baseball season.
Written in March 2008 (revised in March 2009 and March 2010).
WHY BETTING UNDERDOGS IN BASEBALL IS DIFFERENT FROM ANY OTHER SPORT.
There are several different approaches and strategies to handicapping baseball, but the most fundamental and obvious starting point is one that is taken completely for granted. Baseball is quite unique when it comes to betting because the gaps between the best and worst teams are far closer than in any other sport. Let's look at the other major betting sports.
In the NFL this season, the Indianapolis Colts were 14-2 winning 87.5% of their games. The worst team in the NFL this past season was the St. Louis Rams at 1-15, winning just 6.25% of the time.
In the NBA this season, Cleveland is currently 47-14 winning 77% of their games and Lakers are 45-15 winning 75% of their games. The worst team in the NBA is the New Jersey Nets at 6-53 winning 10.2% of the time.
In NCAA Basketball this season, Kansas, Syracuse and Kentucky are all 27-2 with a 93.1% winning percentage. The “Board” team with the worst record in the country is Marist at 1-28, winning 3.4% of the time.
In NCAA Football, Alabama and Boise State both finished undefeated at 14-0 (100%) while Eastern Michigan and Western Kentucky both finished 0-12 (0%).
Meanwhile, the 2009 baseball season was not that much different than any other baseball season.
The New York Yankees had the best record in the majors last season at 103-59 (63.6%) and the Los Angeles Angels had the second best record at 97-65 (59.9%). The two worst teams in the majors were the Washington Nationals at 59-103 (36.4%) and the Pittsburgh Pirates at 62-99 (38.5%). These records are nowhere close to the best and worst records of any other major betting sport.
So there you have it:
Sport Best Worst
NFL 87.5% 6.25%
NBA 77.0% 10.20%
NCAAB 93.1% 3.40%
NCAAF 100% 0.00%
MLB 63.6% 36.40%
I don't like it...you are comparing Baseball with NFL, NCAAB and NBA...The difference is all of those have spreads and baseball is a money line. Yeah Marist is 1-28 or whatever...but they were 10-10-1 against the spread last time I checked. Apples and Oranges.
I don't like it...you are comparing Baseball with NFL, NCAAB and NBA...The difference is all of those have spreads and baseball is a money line. Yeah Marist is 1-28 or whatever...but they were 10-10-1 against the spread last time I checked. Apples and Oranges.
I don't like it...you are comparing Baseball with NFL, NCAAB and NBA...The difference is all of those have spreads and baseball is a money line. Yeah Marist is 1-28 or whatever...but they were 10-10-1 against the spread last time I checked. Apples and Oranges.
The key to handicapping baseball is searching for value in relation to the line.
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not only in baseball;)
great writeup, i'm new to covers so this will be my first baseball season being around here and i will definetly look out for your threads!
bol for the season
The key to handicapping baseball is searching for value in relation to the line.
<!--[endif]-->
not only in baseball;)
great writeup, i'm new to covers so this will be my first baseball season being around here and i will definetly look out for your threads!
bol for the season
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