Mistakes to Avoid when Betting on MLB

Here are some basic mistakes that many sports bettors make when betting on MLB.

Not Being Prepared

If you get up on game day and just look at the odds and some stats it will make it more likely that you lose your wager. You have to look at the lines and at all the things about the game, such as streaks, who is on the mound, pitcher’s home/away record, and other various stats. If you are not properly prepared by not being armed with all the info you need then you will make betting mistakes and make bets for the wrong reasons, which will make it so you will not be finding value bets. Take the time to do some research, as the more you know about a game the more likely it will be that you can find a value bet.

Bailing on Your MLB Bankroll

A common mistake MLB bettors make, as well as sports bettors in general, is forgetting their bankroll. Many MLB bettors have no idea how to handle their bankroll. An MLB bankroll is a little harder to manage, as there are 162 games in the season, not to mention the post-season. You have to know that a bankroll is not just the money you have to wager on MLB, but the money you have for the whole season. Only bet 2% to 3% of your bankroll on each game and never go over 5% even if you think the game is a lock. Never chase your losses by increasing your betting amounts. Proper money management will allow you to play for the whole season.

Playing too Many Games

Many MLB bettors simply bet on too many games. A lot of bettors will have their targeted games to wager on, but will then screw around with games on TV, parlay wagers, friend’s picks, or media coverage. These bettors will then have a long list of plays for various amounts, which will make it less likely to pick the game or games that are value bets. You also have to remember that that your MLB bankroll should last you the whole season and by playing too many games it can drain it quicker. Also, the more games you play the less research you can do pinpointing value games.

Jumping on the Bandwagon

One big mistake MLB bettors often make is getting caught betting on what the public thinks. This can things such as always betting on the home favorite, betting against teams on losing streaks, and betting against teams with a key injured player. All of these things are aspects, which make money for sportsbooks, as the majority of the time they are wagered on. If you see a game that you have a quick reaction to want to bet on take some time and check it out, as it may be a game the public will heavily bet on and that tends not to be a good thing.

Bodog Sportsbook

Intertops Sportsbook