For those who possess valuable insights into the game and the Baseball industry as a whole, betting is a great opportunity to cash in on that knowledge. However, there are some important principles to keep in mind if you want to increase your chances of success. Be it as it may, for those with the willingness and motivation to learn, MLB betting is a great thing to pour one’s time into.
Today, we will be sharing our top 8 tips to sharpen your MLB betting strategy that you can put into practice right away. Note that our intention is to give you a rough overview of what you should be paying attention to, and you are very much encouraged to research these topics yourself to gain a broader understanding. At any rate, this guide should serve as a strong building block for your future endeavors.
With that, let’s get right into it:
1. Take your time to shop around
There are many sportsbooks for you to choose from, but not all of them are created equal. Experts believe the best way to gauge them is by looking at the bonuses they offer, their licensing and security, mobile support, number of betting markets, and payment methods available (source: Sportslens.com). By taking the time to do your due diligence, you will ensure that your customer experience matches your expectations and that you end up getting a good deal. And that is paramount to you staying motivated for months or even years to come, depending how seriously you want to take your newfound hobby.
2. Learn to spot the underdogs
Many bettors home in on their favorite players and engage in emotion-based decision-making when betting while throwing logic out the window. Instead, what you should be doing is learning to spot the underdogs which could pay off in spades if you catch them on their breakthrough day. The trick is knowing a player’s history well enough to spot a pattern. The larger the sample size, the better. It’s both an art and a science, but should you master it, it can be an incredibly powerful tool in your arsenal.
3. The trend is your friend
Is one of the teams you’re following on a winning streak? Even though nothing is guaranteed in this game, trends are often a reliable indicator of what’s about to happen next. In other words, if they’ve consistently performed well over the last couple of rounds, chances are their success will happen again. After all, it’s hard to stop a train once the wheels start rolling!
4. Get a tight grip on your bankroll
It should be discussed more often, because the fact of the matter is, bankroll management is the one thing to get a grip on before even attempting to form a betting strategy. The last thing you want to do is end up blowing your entire savings on a single bet, right? If you want to be serious about MLB betting, you should treat it like running a business. The idea is to divide the risk into smaller chunks and staying consistent over the long-term. This will keep you in the game for a long time even if you’ve had a rough start.
5. Don’t follow the herd
To quote Henrik Ibsen, the majority is always wrong, so don’t be just another brick in the wall! Realize that the vast majority of your fellow bettors tend to be swayed into making emotional decisions, an example of which is always betting on their home team due to nostalgia. These are recreational bettors, which is fine if it aligns with your personal goals. If, however, you’re aiming higher, realize the value of your expertise, insights, and better judgment and don’t be afraid to exercise it.
6. Pay attention to the weather
For whatever reason, an average MLB bettor fails to recognize the importance of weather and how it affects the entire game. Once again, it boils down to how well you know the players, as not all of them will be affected by it in the same way. In general, the pitchers and whoever is on the offensive will be affected by it the most.
7. Look beyond the odds
As a first-time bettor, you may be tempted to chase after the favorites. The problem is, heavy favorites rarely make it worth betting on them in the first place – the payoff is too tiny! At the same time, you shouldn’t bet on no-name players either. Instead, try finding the golden balance and pick someone who’s somewhere in the middle. Making value bets is key.
8. Get comfortable playing the long game
Like many things in life, MLB betting is more of a marathon than a sprint. There’s no reason to get discouraged if the first couple of predictions don’t go your way – you’re in it for the long haul. At the same time, don’t lose your judgment if you do get it right either; it could very well be due to beginner’s luck. Before you evaluate your own performance, gather a large enough sample size – the exact size of which depends on whom you ask. Some say 500 bets, others wouldn’t be content with 1000 or more. But the narrative is clear: the effect of variance tends to diminish with a large-enough sample size.
To sum it up, you should study the intricacies of the game inside and out, get a good grip on your finances, be selective, stay in the loop with the trends, and most importantly, gather the courage to go against the grain. If there is nothing else you’ve gathered from this, let the latter be ingrained into your mind. In today’s world, our opinions are too often swayed by what others may think. Above all else, trust what your instincts are telling you no matter what, in betting and in life.