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Back in the day, when March Madness had concluded, some bookmakers would actually close their shop until football came around again.
It's true.
Baseball is tough to bet. For the novice, it's also not the easiest sport to book either.
Today's pay per head solutions do all the hard stuff for the bookmakers so they don't have to.
And because sports gambling is now mainstream in the US, there's an ample pool of individuals looking to bet on MLB games.
While YOU may have assistance with the bookmaking, gamblers are still mostly out of luck. In fact, you'll be hard pressed to find many sports handicappers picking better than 60% this season.
If gamblers are losing, the bookmaking business is winning. Yes indeed, MLB is profitable for bookies.
Moneyline Bets
There is no handicapping. The most popular wager in the MLB is a straight win or loss.
When your clients place moneyline bets, they’ll bet that one team will beat another team straight up. These bets are the most straightforward types of baseball bets people can place.
They will, however, need to keep a close eye on the odds offered on Moneyline bets. They’ll often have to put down more money on favorites than underdogs to make profits on their end.
This means you'll have folks betting the Dodgers as heavy favorites. But LA has had some tough stretches. Same with what had been the number one ranked Philadelphia Phillies.
This season is really crazy. At one point, all but two National League teams looked like playoff contenders (sorry Rockies and Marlins). They'd get hot, gamblers would jump on these teams, then suddenly they'd go cold (think the Cincinnati Reds over and over again).
Run Line Bets
Runline bets are slightly more complicated than moneyline bets in baseball, but they still shouldn’t be too hard to understand. These bets will call for your clients to bet on one team to beat another team by a certain number of runs or to lose by less than a certain number of runs.
More often than not, one team will be favored over another team by -1.5 runs, though there are instances in which a run line might be -2.5 runs. Either way, your clients will have to decide whether to bet on the favorite or the underdog so that they know whether they’ll be “giving” runs or “getting” them.
The good news for sports bettors is that Runline bets come with more even betting odds on both sides. As long as you’re able to get your clients betting on both sides somewhat equally, it should help you earn consistent profits.
Total Bets
Not everyone who bets on baseball likes having to pick one team over another. There are some people who would prefer to bet on the total number of runs scored in a game.
Total bets will allow your clients to bet on whether the total number of runs scored in a game will be over or under a predetermined number. Just like with Runline bets, the odds they’ll get should be close regardless of whether they bet on the over or under.
This should work out well for you as the bookie provided you are able to get your clients betting on both sides while putting in total bets. It’ll almost guarantee profits for you.
And gamblers love OVERS. So any time a game does not go OVER the total, it should be CHA-CHING most of the time for you as the bookie.
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