More than any other major sport, MLB has more cases of teams ending in last place one year and coming in near the top of the division the next year. While NBA and NFL Favorites win well over 60% of games and College Football/ Basketball Favorites win over 70% of the time, MLB Favorites only win 56% of the time.
I have the numbers of the 2006 Season and excluded even money games. If you had risked 100 units on every Favorite you would have won 56% of your bets, but because these favorites ROI (return on investment) are under 100 units per you would be down -9498 at seasons end.
However, if you had bet on all the Underdogs you would have won just 43.8% of bets, but the greater payout per bet translated to a +4242 Net Profit and a +6035 Net Profit on Home Underdogs.
The good news from this analysis is that it does seem that betting on MLB Underdogs is as close to a “sure bet” as it gets in sports betting.
But, as great as the +4242 sounds, to make this much profit you really need to play a ton of games. It requires a commitment to daily betting and an acceptance that betting on MLB can be a "war of attrition". Baseball is a marathon, Not a Sprint!
You have to expect to lose more bets than you win when going with MLB Underdogs but based on past experience you should win enough to turn a profit –how many gamblers can do that consistently?
I have had only 2 losing MLB seasons in 16 years of Handicapping. My MLB Early Bird offer expires soon! Don't miss out in 2008.
Jeff H
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