Rory Gold

Making money by betting on MLB is easy, just by choosing all the winners, at the end of the season you can buy a new house.  OK well there is a little more to it than that and I can’t guarantee you a house but if you follow these tips you will win more than you lose and really isn’t that what matters?
 

1. Money Management
2. Put the work in
3. Know when to bet
4. Compare the lines

1. Money management – is just that, taking care of your money. You never want to bet more than you can afford to lose.  There is nothing worse than loading your entire balance on a game only to find a game you like more. You have to make another deposit or miss out.  Most seasoned gamblers will tell you to risk somewhere in the range of 1% to 5% of your bankroll on any particular wager. This allows you to lose a few and still have money to keep betting.  Lucky for us baseball gives us 13-15 games everyday to spread around our bankroll.
 
2. Put in the work – I read an interview with Pete Rose. He said some days he would call his bookie and say “Gimme a dime on all the AL home teams and a Dime on all the NL away teams.” That doesn’t sound like a bettor who is doing his homework.  Take the time to find out who’s pitching, know their record, do they get more groundouts or fly outs? Are they playing a power team or a group of speedsters? What direction is the wind blowing? Starting pitchers control the outcome of the game and of course, your bets more than any other factor, so take the time to arm yourself with the knowledge to make the smart bet.
 
3. Know When to Bet – When you confirm your bet with a bookie or a reputable online Sportsbook your odds are locked in. This brings me to my next rule; you must know when to bet to maximize the money won or minimize the money risked.  Generally, Bookies take the most action on the favorites, so when the money comes in they will raise the price of the favorite and lower the price of the underdog. 

So if you are betting the favorite you will want to make your bet as early as possible before all the action comes in and the bookie is forced to charge you more. However, if you are taking the underdog in a game, it will be more advantageous to you to wait until close to game time when the underdog reaches its best price.

4. Compare the lines – When you make a major purchase you shop around to make sure you are getting the best price and when you are placing a wager if should be no different. I recommend that you have a funded account with at least four reputable Sportsbook. This way when you want to bet on a game you can place your wager with the book that if offering the best price.

For example, if you can save 10 cents from each moneyline you bet it will translate into 100’s maybe 1000’s of dollars over the MLB season that will stay in your bankroll and not end up in the bookies coffers.

These are just a few but very important rules to bet by.

Stay Gold