Betting on Baseball can be extremely rewarding , if so to speak you play your cards right. This blog will teach you how to bet on baseball from a point of view that helps you become a winner
To be sure gambling and betting can and do have their downfalls, or pitfalls you might call them . There are hidden pits coverd with grass all over the place, just waiting to trap your money. I call them money mines.
Yes although everything looks on the up and up and most people can pick a sports team and they will win the game outright , but you will loose money. How will you loose money? Especially if you pick winners consistent
One way is a vig – a term used to define the commission you pay the person taking the bet for you and countless others. Its usually 10% or so of a bet. Not really that much you say. Lets do some math, and remember the vig is only one pitfall when your betting on baseball.
It works like this – I am going to make 5 bets each for $100 . This is how it breaks down. And I will say I win 3 and loose 2 so I should be up $100 right? Lets see
Bet #1 $100 and win my total is +$100 (no vig here loosers pay the vig)
Bet #2 $100 and win my total is +$100 (so now were at +$200 your doing good)
Bet #3 $100 and another win +$100 (wow your up to $300 great job)
Bet #4 $100 and a loos shoot -$110 (your now at $+190 still in the green)
Bet #5 $100 and a loss -$110 (new total at + $80 Where did it all go ? )
Every bet made has a looser and a winner , the winner takes the dough , the looser takes the hit and the 10% vig.
Now you know why bookies are trying to always adjust the bid. They want the 10% and, not have the bets go lopsided one team or the other.
It might not sound like a but think about it. The average bookie/vegas book , takes in about 10,000 bets on a game. They would love 5000 winners and 5000 looser, why? They then collect $5000 x $ 10 + $50,000 WOW , really who’s the winner there.
Now thats just the vig – We will talk about other things that makes the odds way out of your favor, and some other things that put the odds makers on the wrong side of the fence as well
Most important though is I will show you ow betting on baseball can be very lucrative.
