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Major League Baseball Wagering - Part 1

Major League Baseball is somewhat of an enigma. Especially when attempting to use statistics to predict a game’s outcome. Even so, there is a lot of data and trends to consider before throwing one’s hands up in utter frustration in baseball’s defiance of probability. With patience and due diligence, a pattern may emerge. But then a gut feeling comes on and the urge to take the long shot is strong, especially when the pay out is big! The mountain of data, trends and statistics...

online,sportsbook,Major,League,Baseball,Wagering,canbet

Major League Baseball is somewhat of an enigma. Especially when attempting to use statistics to predict a game’s outcome. Even so, there is a lot of data and trends to consider before throwing one’s hands up in utter frustration in baseball’s defiance of probability. With patience and due diligence, a pattern may emerge. But then a gut feeling comes on and the urge to take the long shot is strong, especially when the pay out is big! The mountain of data, trends and statistics are enough to drive the sanest of us away from the bookmakers, relegating us to the sidelines. However, no one wants to live a life that boring. You can play the game - wager some cash - and make your life a whole lot more exciting.

First off, here are a few ideas to keep your sanity. These are my "top 10 baseball wagering tips for the hopelessly clueless," of which, when it comes to wagering, I am a charter member. If you consider yourself a knowledgeable bettor, these tips will still help you keep your perspective.

1) Don’t bet any more than you can afford to lose.
2) Don't ever bet more to recoup a loss.
3) Ignore your gut feelings and/or hunches.
4) If a bet looks too good to be true, it probably is.
5) Once you’ve made your bet, remember that no amount of stress will change the outcome of a game.
6) Never risk more than 5% of your bankroll on any given game.
7) Don't bet long shots. They are long shots for a reason.
8) If you are on a losing streak, take a break from wagering.
9) Don’t hold grudges over losses- your favorite team won’t be much fun to watch if you do.
10) Target long-term goals instead of random or short-term gains.

If you follow these 10 tips then you will be head and shoulders above the average Joe who is placing bets. Of course, you must first understand what you are doing when you wager. Here are some betting basics.

A straight bet is merely betting to win or lose. Sometimes you may not be able to get such a wager without giving or taking points. This is known as the point spread. To win you must "beat the spread", or win by more than a particular team is favored by doing so. This is also known as a form of handicapping. Money lines are pretty simple; it is the amount you need to risk to win $100. So if you see a number in a column marked ML, perhaps -110, you know you need to put up $110 to win $100 and get your $110 back. So if you win, your total payout is $210. The minus sign indicates that team is the favorite. A plus sign in front of the money line indicates the underdog. With over/unders, you are wagering on the total runs that will be scored in the game. You either bet on the number being under or over that total. Action Points refer to that fact that you are betting one team against another. With action points you ignore the starting pitchers, but if there is a change in one or both of the starters, the wager or the payout could be adjusted. Side bets are just what they sound like. You can put side bets on top of your bets. With head to head propositions or match bets you are wagering on one sports figure/team beating another sports figure/team. You can also Buy Points on a handicapped or point spread contest. Usually a straight buy of ½ point will cost you $10 on an 11/10 (risk $110 to win $100) standard bet. A straight buy of 1 point would cost $20. If you win, you’ll get back what you wagered plus $100. Sports books generally make 10% vigorish, or juice on a typical head to head straight wager. They only make it if you lose your bet.

Sports books will provide information in a compact format. The listing includes the MLB teams and pitchers with the away or visiting team and pitcher listed first and then the home team and pitcher listed underneath. The MLB money line tells you which team is the favorite (- sign) and what you must wager to win a particular amount. The MLB run line is the run differential that the sports book predicts. To win your wager, you have to beat the run line spread. The amount you wager is determined by the money line odds, located right next to the run line spread. Primarily the starting pitchers determine the money line odds. If a run line handicap is +1.5, the bet can still be won if your team loses the game, but only if they lose by one run. If they lose by two runs, you lose your wager. Run lines are always based on the listed pitchers. If the starting pitchers are changed before the game begins, these numbers may also change. The over/under will be a number in the O/U column. If the number were 7, then you would win the wager if the total number of combined runs were 8 or more. A winning under wager would result if 6 runs or less were scored.

All of this may seem rudimentary, but it’s the important foundation for MLB betting. Wagering can be as simple or as complicated as you make it. There are some more complex forms of wagering that are beyond the scope of this article. In Major League Baseball Wagering - Part II, we will discuss explanations and strategies of wagering on MLB futures, parlays, multiples, round robins and teasers. We will also discuss the advantages, bonuses, safety and security of choosing a good online sports book site for wagering on MLB.

 

Major League Baseball Wagering - Part II

In Part I of Major League Baseball Wagering, we discussed many of the basic principles regarding betting, and we considered simple wagers that you could make. We learned how to read game lines and looked at some examples of typical and popular wagering opportunities. We now know how to use this information to intelligently wager on Major League Baseball (MLB). Now we’re going to take a look at more complicated types of wagering, including MLB futures, parlays, multiples, roun...

online sports betting

In Part I of Major League Baseball Wagering, we discussed many of the basic principles regarding betting, and we considered simple wagers that you could make. We learned how to read game lines and looked at some examples of typical and popular wagering opportunities. We now know how to use this information to intelligently wager on Major League Baseball (MLB). Now we’re going to take a look at more complicated types of wagering, including MLB futures, parlays, multiples, round robins and teasers.

MLB futures are appropriately named. You are betting on something that is fairly far down the road. A typical futures wager would be putting money down in May on which team will win the American League pennant or which two clubs will play in the World Series. Futures bets are placed on an outcome and not a single game and typically that outcome will not be decided tomorrow or the next day. You may make a futures wager that the Yankees will win the AL East when they are three games up with four to go in the regular season, but such a bet isn’t going to have a very big payoff. The point is that with futures you can generally get much higher odds prior to the start of or early in the season when the outcome is difficult to determine. When the result starts to become clear or fairly certain, odds begin to even out.

Parlays are multiple bets placed with a single wager. You have to win them all, or most of them in some special cases, in order to collect. Single parlays are defined as multiple bets within the same sport. A single multiple or single parlay is defined as where, in order to win the wager, all selected bets within the combined bet parlay must win.

Some define single parlays and "multiples" differently, so don’t assume that every sportsbook will use the same terminology to refer to parlays. Research the site’s betting rules and policies before wagering. By combining bets into a parlay, you can increase your possible winnings, but keep in mind that these aren’t easy to hit. Many sportsbook sites have restrictions on what you can combine, and how you can combine them.

For example, some sites won’t allow a pay-off on "related" wagering. If you wager the Cubs to win outright in a game and also wager they will win 2 - 0 (exact score), you may only be able to collect on one of these, because they are related. The Cubs winning by 2 - 0 also means they win. If you had a parlay formed in this way, it may not only pay on only one of the two, but the bet may be declassified from a parlay to a straight bet, which further decreases the winnings. Single sport parlays generally give two to two-and-a-half to one on a single sport parlay double; two bets within the same sport, yet unrelated. A single sport parlay triple, which is three bets parlayed into one wager, generally pays approximately six to one.

Multiple parlays, also known as all ups and accumulators, are classified as multiples or multiple bet options. This simply means that the parlay classified as a multiple always combines picks from two or more different sports. By selecting two or more single bets from two or more different sports, and then combining them, you create a multiple wager. The beauty of this type of wager is that you can get high odds on your possible return. Keep in mind, the odds are high for a reason. The outcomes aren’t easy to predict.

A round robin, or boxed multiple, is another way to wager on a number of events, or several outcomes of the same event at one time. With this type of single ticket wager, you "box" several contests or outcomes. Thus, you are wagering that at least some of your chosen combinations will beat the odds.

You can actually "box" all possible combinations in some cases. If at least two of your multiple combinations win, you win. With a boxed multiple, you must think about the most likely combinations that could produce at least two, preferably more, correct outcomes.

For example, you wouldn’t want to box exact score on the Padres versus Giants game in nine different combinations because it is only possible for one of the exact scores to be correct. With a boxed multiple, the more combinations you choose correctly, the higher the return. In this case, one multiple wager can produce a larger than usual dividend on your investment. Again, as in parlays, and for baseball wagering, beware of related wagers and policies surrounding your boxed multiple choices.

Teasers are multiple selections of two or more outcomes on a single event. Every sport has its own point range and rules for teasers, but generally speaking, the point totals are varied in a way that may favor the bettor. For example, if you are looking at possibly placing a wager on an over/under on total runs scored in the Red Sox vs. Yankees game, you may want to consider going with a teaser instead. If the straight bet over/under line is 6, you can move the line on a teaser higher or lower, depending on what is offered and your prediction. Teasers can also function on point spreads to possibly give the bettor an advantage. Usually the point spread is decreased for the favorite or increased for the underdog. Generally, a more favorable wager will cost you more, but it can dramatically increase your chances of winning.

Wagering on MLB is akin to an art. No one has a crystal ball when it comes to wagering, but there are predictions that can be made correctly based on experience, information and logic. If you want to get beyond the single straight bet mode of wagering, think about why you would choose a particular straight bet. Extend your logic and expectations from there. If you predict a win for the Diamondbacks against the Dodgers and you feel they will beat the spread, ask yourself why. Is it because of the starting pitchers? Possibly you’re basing your prediction on recent run totals that have been tallied against similar teams? When you start analyzing the reasons a straight bet makes sense, you can start to see how this information can be efficiently used to place wagers on MLB futures, parlays, multiples, round robins and teasers.

 

Minor League Baseball Is A Great Family Value

More families are opting out of the great American pastime of attending major league baseball games than ever before. Some are staying home and watching the games on television, but growing numbers of families are flocking to minor league ballparks. Minor league baseball attendance has grown every year, reaching a record high 39 million during the 2005 season. Major league attendance has continued to decline in many markets.

Although many explanations have been offered by ...

Baseball, Games, Sports, Recreations

More families are opting out of the great American pastime of attending major league baseball games than ever before. Some are staying home and watching the games on television, but growing numbers of families are flocking to minor league ballparks. Minor league baseball attendance has grown every year, reaching a record high 39 million during the 2005 season. Major league attendance has continued to decline in many markets.

Although many explanations have been offered by Major League Baseball including changing demographics and competition from other sports and entertainment venues, cost is an undeniable factor in lagging attendance. The average cost for a family of four to attend a major league baseball game in 2005 topped $170.00 for tickets, refreshments and souvenirs but not including parking. The cost for that same family to attend a minor league baseball game in 2005 was $80.00, less than half the cost of attending a major league game.

For that price, minor league fans are treated to performances by up-and-coming young stars who may be tomorrow's Barry Bonds or Alex Rodriguez. Minor league baseball follows the same rules as major league, and most minor league teams are associated with a major league team. Because of this association, minor league fans may occasionally be treated to an appearance by a major league star rehabbing from an injury in the minor leagues. Additionally, in some parts of the country, minor league stadiums play host to major league teams during spring training. Thomas J. White stadium in Port St. Lucie, Florida is the home of the Single A St. Lucie Mets during the regular season, but in the spring it's the New York Mets training facility.

Fans often sit right along the baselines with nothing separating them from players but a railing. Players frequently sign autographs before and after the games. Because of the growing popularity of minor league baseball, teams have been able to build increasingly attractive stadiums with amenities that rival their major league counterparts. Roger Dean Stadium in Jupiter, Florida was built with the same architecture and amenities as larger stadiums like Baltimore's Camden Yards and Turner Field in Atlanta but offers fans an intimate experience that is not available at the larger parks.

For more casual fans, minor league teams offer entertainment like performances by local music artists, fireworks and special promotions like disco night or Christian night. Some parks, like Hammons Field in Springfield, Missouri, have children's play areas near the bullpens and on-field activities for children including running the bases, games and contests.




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