MLB Betting Trends

10 min read
Author
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief
Fact checked by:
Paruyr Shahbazyan
Founder
Last Updated: Jul 9, 2024, 9:58 AM

Introduction

A room of friends baseball betting

This is an in-depth exploration of baseball betting focusing on Major League Baseball (MLB) betting, trends, responsible betting strategies, and insights essential for safer wagering. Whether you're a seasoned bettor or stepping up to the plate for the first time, this guide will equip you with the skills to navigate the nuances of MLB betting.

Choosing Your Betting Platform

The right betting platform can make a significant difference. When selecting an online sportsbook for MLB betting, consider these factors:

  • Reliability and Reputation: Seek out sportsbooks with a strong track record in the industry. Look for platforms that have positive reviews and are recommended in betting communities.
  • Betting Options and MLB Odds: The best sportsbooks offer a variety of betting options on MLB games and provide competitive odds.
  • User Experience and Support: A user-friendly interface and effective customer support are crucial for a smooth betting experience.
  • Security and Legitimacy: Ensure that the sportsbook is licensed and employs stringent security measures for data protection.
  • Promotions and Bonuses: Consider sportsbooks that offer attractive bonuses and promotions specifically tailored to MLB betting.

Understanding MLB Betting

Vintage Odds Board for MLB Betting

Odds in MLB Betting: MLB betting typically uses American odds. A positive number (e.g., +200) indicates potential winnings on a $100 bet, while a negative number (e.g., -200) shows how much you need to bet to win $100.

Types of MLB Bets

  • Moneyline Bets: Betting on which team will win the game outright.
  • Run Line Bets: MLB’s version of point spread betting, where the favorite is typically given a -1.5 run line, meaning they need to win by 2 or more runs.
  • Over/Under (Totals): Wagering on whether the combined score of both teams will be over or under a set number.
  • Prop Bets: Bets on specific events or player achievements in a game, like a particular player hitting a home run.
  • Futures: Betting on future outcomes, such as which team will win the World Series.
  • Parlays: Combining multiple bets into one for a higher payout, but all the bets must win for the parlay to pay out.

MLB Responsible Betting Practices

  • Risk Awareness: Acknowledge that betting should be entertaining and not seen as a revenue stream. Understand the risks of addiction and financial loss.
  • Sensible Betting Habits: Set and adhere to a fixed betting budget. Utilize features like deposit limits and self-exclusion tools offered by many sportsbooks.
  • Educate Yourself: Before placing bets, educate yourself about the game, the teams, and their current form. Knowledge about player injuries, weather conditions, and historical performance can influence the outcomes and make your betting decisions more informed.

Imagine you're planning to bet on a game between the New York Yankees and the Boston Red Sox. Before placing your bet, you research the starting pitchers for the game. You find out that the Yankees' starting pitcher has been performing exceptionally well at home and the weather conditions are expected to favor pitchers. Armed with this information, you decide to place a bet on the Yankees.

  • Bet Sober: Avoid betting under the influence of alcohol or drugs, as this can impair your judgment and lead to decisions that you might not make when sober.
  • Avoid Chasing Losses: Never try to recover losses by betting more than you can afford or by placing high-risk bets. This is a common pitfall that can lead to significant financial and emotional distress.

Suppose you had a bad day with two consecutive losses on earlier games. Feeling the urge to recoup your losses, you consider doubling your usual stake on the next game. Remembering the strategy of not chasing losses, you decide against this and stick to your pre-set betting budget, thus avoiding potentially larger losses that could stem from impulsive decisions.

  • Maintain a Separate Bankroll: Keep your betting funds separate from your personal finances. This can help you track your betting expenditures more effectively and prevent the encroachment of gambling expenses on necessary financial obligations.
  • Set Achievable Goals: It’s important to set realistic goals for your betting activities. Whether it's a limit on the number of bets per week or a target profit margin, clear goals can help maintain discipline in betting activities.

You set a goal to keep your MLB betting expenditure within 10% of your monthly entertainment budget. You also aim to not exceed five bets per week to maintain discipline. Throughout the month, you monitor your betting frequency and spending to ensure these limits are not exceeded. This systematic approach helps keep your betting enjoyable and financially responsible.

  • Keep Records: Track your bets, outcomes, and expenditure. This not only helps with financial management but also allows you to analyze your betting patterns and improve your strategies.
  • Accept Losses: Understand that losing is part of betting. Accept losses gracefully without allowing emotions to influence your betting strategy. This approach can help maintain a balanced perspective on betting.
  • Time Management: Allocate a specific amount of time to your betting activities and stick to it. Excessive time spent on betting sites can lead to addiction and neglect of other important aspects of life.

Conclusion

This is a great start for anyone trying to get more informed on MLB betting. From understanding odds and bet types to employing advanced strategies and practicing responsible betting in the MLB, we have covered it all. The guide emphasizes the importance of staying informed about player and team dynamics, legal changes, and the overall MLB landscape. With this knowledge, you’re now equipped to step up to the betting plate with confidence and a strategic edge in the exciting world of MLB betting.

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Meet Our Authors

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

 ExperienceYear
Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG

 

Principles and Ethics

Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.

 

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief

Sol's interest in sports was sparked at a young age, inspired by athletes such as Barry Sanders, Michael Jordan, and Wayne Gretzky. This early fascination evolved into a deep-seated passion, guiding him toward a career in sports journalism in 2007. Over the years, Sol has contributed thousands of articles and reviews to dozens of online platforms, sharing his research, knowledge, and perspectives.

“In the world of sports betting, truth is more valuable than any bonus offer.”

ExperienceYear
Content Manager, OnlineCasinoReports2012-2021
Sports Journalist, Dottraffic2009-2011
Content Writer, HouseTech2007-2009
Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambling team.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Mike made the decision to dive headfirst into the booming world of sports betting fresh out of college. Back in the day, when 1-800 pick lines and sports pagers were all the rage, he couldn't resist the allure, having grown up idolizing sports legends like Sweetness, MJ, and Slammin Sammy. Mike dedicated his early years to the industry, tirelessly analyzing games, writing articles with free picks, and selling his expertise on reputable handicapping sites. Unlike many others, Mike was known for his integrity and only released one Game of the Year per sport, per season. His hard work and unwavering commitment paid off, earning him a devoted following and propelling his career to new heights. Then came the explosion of Daily Fantasy Sports. Believe it or not, companies like DraftKings and FanDuel used to pay Mike's company to increase their brand exposure. Now, those same industry giants don't even bother responding to his emails. While Mike appreciates the convenience of being able to place legal bets in his own backyard, he can't help but feel disheartened by what has become of the industry. People are being led astray, falsely believing that a mere $5 wager on a 20-team same-game-parlay will be their ticket to financial security. If there’s one thing Mike learned from making book back in the day, it’s that parlays are a bookie’s best friend. A bankroll is the only leg you have to stand on in the battle with the books, and Mike’s here to offer up advice on how to protect it.

Mark Medina
Mark Medina
NBA Reporter

Mark Medina is a longtime NBA reporter that includes stints as a Lakers blogger with The Los Angeles Times (2010-12), Lakers beat writer with the Los Angeles Daily News (2012-17), Warriors beat writer with Bay Area News Group (2017-19) as well as an NBA reporter/columnist for USA Today (2019-21) and NBA.com (2021-23). Medina is also an NBA insider with Fox Sports Radio and frequent contributor to CBSLA's SportsCentralLA with Jim Hill and with Spectrum Sportsnet.

Daria Tuboltseva
Daria Tuboltseva
Hockey Journalist

Daria went to St. Petersburg State University and earned a bachelor of international journalism. Working as a sports journalist from 2014, from 2016 as a hockey journalist. Covered 5 World Championships, 2022 Winter Olympics, 2020 World Juniors, 6 Gagarin Cup Finals. 

Owner of a telegram channel Coolest Game on Earth.

Integrative nutritionist specializing on sports nutritionology.