So recently ive got more into betting and looking simply at baseball and the record of the devil rays, they are 50 - 32 so if i were to bet on them to win every single game even when they are big favorites and have to put up a few hundred to win 100 they still won 18 more games then they lost. I Dont remember the exact % they say you need to win to come out ahead but wouldn't common sense just to say to bet on them every single game and you will end up winning alot more then losing hense win alot of money.
Your question is typical of a new bettor. I don't know exactly how to start with this answer.
hno:First, the % necessary to break even is approx. 52.4% IF all your bets were placed a -110. Baseball uses a money line, so the odds on favorites are much greater....therefore you would need a much higher win %.
"Common sense" as you put it, doesn't prevail in this situation. The Rays have been on a good run lately winning 4 out of 5 at an avg price of -137. That will show a profit. However, in the previous 5 games the Rays won 3 out of 5 at an avg price of -152....that will show a small loss!
To fully understand this, You'll need to read as much as you can get your hands on about sports betting and the use of odds.
Good Luck on your action....
Rambo, it was pretty well covered above... so I'll just add this:
Like everything else, when something seems "obvious" and "too good to be true", it always is too good to be true.
About 99.5% of all possible betting angles and strategies have been thought of. Not trying to seem like an ass, but "betting a winning team to win every night" is probably the FIRST idea on everyones mind. And it's not a bad idea, as some teams win 90+ games a year. But it just doesn't work. If you want to crunch the numbers yourself, just go to covers.com, check out "Past Results" for ANY TEAM in the league and you'll see that it's very hard to come out on top with this type of betting... even if you take the worst team of the league at + money every game.
Like everything else, when something seems "obvious" and "too good to be true", it always is too good to be true.
About 99.5% of all possible betting angles and strategies have been thought of. Not trying to seem like an ass, but "betting a winning team to win every night" is probably the FIRST idea on everyones mind. And it's not a bad idea, as some teams win 90+ games a year. But it just doesn't work. If you want to crunch the numbers yourself, just go to covers.com, check out "Past Results" for ANY TEAM in the league and you'll see that it's very hard to come out on top with this type of betting... even if you take the worst team of the league at + money every game.
Parenthesis () means negative... usually displays numbers that are below zero, such as -110, -125, -140.
Tue 7/1 901 Pittsburgh Pirates Z. Duke +1.5 -125 +171 OVER 9 +107
04:10 PM 902 Cincinnati Reds E. Volquez -1.5 +115 -179 UNDER 9 -117
Tue 7/1 903 Philadelphia Phillies K. Kendrick +1.5 -191 +101 OVER 9.5 -105
04:10 PM 904 Atlanta Braves C. Morton -1.5 +178 -109 UNDER 9.5 -105
Tue 7/1 905 Washington Nationals C. Balester +1.5 -152 +134 OVER 9.5 -103
04:10 PM 906 Florida Marlins M. Hendrickson -1.5 +142 -142 UNDER 9.5 -107
Everything will have a + and -
I have a feeling that you're talking about spreads or over/unders, where the -110 is on both sides. If that's what you're asking about, then look at the Over/Unders... same type of odds.
But unlike football, games and teams don't have "spreads" where you take + or - points, unless you're betting run lines which are standard for each game... but the juice changes on each individual game.
Tue 7/1 901 Pittsburgh Pirates Z. Duke +1.5 -125 +171 OVER 9 +107
04:10 PM 902 Cincinnati Reds E. Volquez -1.5 +115 -179 UNDER 9 -117
Tue 7/1 903 Philadelphia Phillies K. Kendrick +1.5 -191 +101 OVER 9.5 -105
04:10 PM 904 Atlanta Braves C. Morton -1.5 +178 -109 UNDER 9.5 -105
Tue 7/1 905 Washington Nationals C. Balester +1.5 -152 +134 OVER 9.5 -103
04:10 PM 906 Florida Marlins M. Hendrickson -1.5 +142 -142 UNDER 9.5 -107
Everything will have a + and -
I have a feeling that you're talking about spreads or over/unders, where the -110 is on both sides. If that's what you're asking about, then look at the Over/Unders... same type of odds.
But unlike football, games and teams don't have "spreads" where you take + or - points, unless you're betting run lines which are standard for each game... but the juice changes on each individual game.
The money line in baseball is pretty much within the 200's... anywhere between +200 and -200. You have many instances over the year where the numbers will go outside this area, but 98% of games fall in between this in Money Line betting.
Baseball is very different from NFL and NBA in that the money lines are much smaller. You often see -400 or -700 favorites on the money line in football and basketball... but you'll never see that in baseball. If you're new to betting the sport, all I can suggest is don't get suckered into big favorite money-line betting. There is great opportunity and success in betting dogs... you just need to find the right ones in the right spots.
Baseball is very different from NFL and NBA in that the money lines are much smaller. You often see -400 or -700 favorites on the money line in football and basketball... but you'll never see that in baseball. If you're new to betting the sport, all I can suggest is don't get suckered into big favorite money-line betting. There is great opportunity and success in betting dogs... you just need to find the right ones in the right spots.
