MLB Betting – Favorites Are A Big No!

Thousands of MLB bettors are asking the same question every year. Is there any way to win more in MLB betting? Is it possible to make a living with sports betting? My answer to that is a big Yes. By doing your homework, reading and testing MLB betting tips out in the internet and looking into odds given by experts and sportsbook, you can definitely increase your chances of winning in MLB. But before learning special techniques and MLB betting strategies, the first thing you should learn is not to make errors which shouldn't be made.

One of the deadliest mistakes MLB bettors often make is to bet on favorites. Well, favorites are favorites for a reason. Mainly because they do well in their field of sports. But favorites also means that many people are betting on them and if you are going to bet on favorites in Moneyline and you win, still the winning is not that high. Also according to statistics for the past 10 years, favorites have lost an average of about 90 units per season. Does that indicate blindly betting underdogs will win you money? Of course not. If you had bet straight underdogs you would have lost about 22 units averagely per season. Both were overall losers but obviously, underdogs lost less in MLB betting.

The general public likes to bet favorites, be it in baseball, basketball or any other sports betting. It is easy to know that a favorite team should win and is very likely to win but you must compare those chances to the money line. Favorites have about a 58% chance of winning but they can still lose money in the long run. One of the tips I often use is to pick small favorites that can win and find decent underdog values when you make a baseball bet.

Another negative part of choosing favorite is that if you lose a big favorite which, happens all the time - the pressure is on to win three in a row to negate your loss on the big favorite. In reality, big favorites do go down more often than you might think. You can win a lot with them with lower odds. But if you're unlucky losing a few series with them, it will take a pretty hard time for you to win your money back.
So how to find the winning underdogs?

When you're not sure who to bet, bet on the home underdogs. It is always good to consider the home underdog in baseball if they are playing a divisional rival. Most division games are tough and home dogs offer value in MLB betting. Another place to look in MLB betting is at the underdog when they are hot. If they are hitting the ball well recently and are still a dog they have some value. You can also look at particular lefty/righty matchups were a team does well and is still a dog in MLB betting.