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Understanding the Odds of a Game
What is the first thing that comes to your mind when we talk about placing baseball bets? Unequivocally, winning the bet, that is, one would be a fool to place a baseball bet that he or she knows is going to lose. To know the odds of winning a bet, you have to dig into the facts. Irrespective of any domain where you are betting on someone would arrive on time or not, the conditions are exactly the same. You want to learn to win.
Talking about the US, we follow three ways of representing the odds of a game. You will find this everywhere and you must know how to read it and understand it. The three ways are: using decimals, using fractions, and the most commonly used one called American odds. Baseball betting, in this context, uses the American odds. Below is a simple format that you can find almost everywhere.
- Phillies +180
- Yankees -130
The above notation is a simple notation to tell the odds of two teams in the baseball game. This directly and instantly gives you an idea of where to place your bet on. As you can understand intuitively, positive is good and negative is bad for you. In this specific case, +180 is the amount you will get if you place a bet of $100 on Phillies. And, if you rather chose to place your bet on Yankees, you get a negative 130, or you lose your $100 and have to pay additional $30 to the winner. The concept is very simple to understand even if you do not get into the details of the numbers. Simply the signs, positive or negative, tell you the right candidate to place your bet on.
Of course, the more the difference between the positive and negative figures, the higher the chances are to win.
But, there is a simple law that tells that a situation in a match can change anytime. So, if there was a high difference at the beginning, it does not mean that that will remain the same throughout the day. There are several such baseball betting tactics that veterans employ to maximize their winning over the course of the match and not sticking to a simple rule as mentioned above.
Here are the rules:
- A high difference is a good thing for betting.
- Placing bets consistently and smartly over time keeping in view the changes in the odds is best.
- Placing a safe bet where you focus on winning and not on winning big is the best option.
Point-Spread Baseball Betting
When it comes to baseball betting, there are several forms of the game. The betting has evolved over many years and today online and offline mediums allow for various types. If you are into this, you have to learn the details so that you understand the pros and cons of one way than the other. Normally, it is a tradeoff between risks and gains. The more risk you take, the more you can expect to win.
So, what is point spread betting? The answer is a little twisted. So, read the lines twice if you want. So considering the last example between Phillies and Yankees, we explain the point spread method here. IN a point spread, you have to further do some calculations to get a better figure. Here you have to take the two numbers and factor the difference between the teams’ final scores to them. Now let us imagine that Yankees have a point spread of -4. This means that they are already predicted to win as per the bookies. This means that if you placed your bet on Yankees, then they have to beat Phillies by more than 4 points for you to win your bet. So, you can see that risks have increased here already.
The safe bet is still to go with Phillies. In a point spread wager scenario, you will win your bet even if Phillies does not win. They just have to be within the 4 points point spread with Yankees.< As we can see that a simple factoring and point-spreading complexity has made the game riskier. But, this is for the smarter kids who can make their way out and win big using the principles. What you can expect to gain, huge payouts.
Here is a simple example. If, for example, a team is resting its best pitcher against a team of all heavy hitters, you can expect a big difference in the points. Then you could go around and shop from various bookmakers to find the best odds of the baseball point spread. Then, you can shop your bet.
Some of these tactics are to be used instantly as the figures turn. This can lead to someone winning huge amounts by the end of the match while many losing the bets. It is all about acting in a timely manner, being vigilant and doing the best.
Over or Under Bets on Baseball
There is an even simpler form of betting. This is quite popular because of its simplicity. As the name suggests, you have to deal with one side: over or under. If your side wins, you win, and if your side loses you lose.
For example, your analysis says that there is a team of heavy hitters and homerun hitters and good pitchers too. You have to do some research to assess the teams that look sharp and in good form. Usually, in matches this is possible. And, upon considering the final score of the teams, if you see a 14 point difference, you can place a bet. If your team does at least 14 points you win. But, if the homerun hitters have an off game and end up with anything less than 14, you lose. So, “over” 14 means a win, and “under” 14 means a loss.