Sports betting is becoming more and more mainstream since the overturning of the Professional and Amateur Sports Protection Act (PASPA) of 1992. In 2018, the Supreme Court struck down this federal ban on sports betting, and allowed states to legalize and regulate sports betting themselves, choosing to do so is up to them.
Many states have jumped on board, creating huge pockets of revenue for their states, and then the coronavirus pandemic hit, putting even more pressure on struggling economies – which in turn made some lawmakers re-evaluate their stance on sports betting. 2020 was likely going to be the highest record year for sports betting as a whole – but COVID-19 halted pretty much every professional sport around the world for several months.
Usually, spring training starts in February, but this year it began in July, which had a huge impact on the MLB schedule and the many, many betting opportunities with such a huge schedule (each team plays 60 games in a regular season).
The MLB managed to pull off a condensed season, beginning on July 23rd, 2020, and the postseason would consist of a 16-team playoff tournament to make up for lost time. The Division, League and Championship series were all slated to be their normal length.
And now that we’re in what feels like the only normal part of the 2020 MLB season, awaiting to find out the winners of the American and National League Championships and find out who goes to the World Series, there are a few strategies you can implement to make your MLB postseason betting more profitable.
Tips for Betting on Baseball Online
Bet online if you can. Depending on your state laws, you may not have online sports betting in your state, so finding an offshore sportsbook that’s safe and secure can be your best option, not to mention your most convenient option. Be sure to read online sportsbook reviews before signing up to make sure you’re signing up at a sportsbook that is a good fit. Choose an online sportsbook with a designated betting app or a great mobile site to ensure you have the best online experience.
Line shopping is helpful, and can ensure you always have the best MLB betting odds available. This involves signing up at a few reputable sportsbooks and choosing the one with the best odds based on the game you want to bet on. Not all sportsbooks have the same odds, so ensuring you’re getting the best odds is of the utmost importance.
Check out different betting options. If you’re new, you likely will stick to the moneyline but finding a great guide to teach you how to bet on baseball that can explain the differences between moneyline wagers, point spreads and totals will open your eyes to more options that could result in more money in the long haul.
Take advantage of prop bets and live betting. Many don’t go near the specials section on an online sportsbook because they can be a bit daunting, but they are great ways to wager a few dollars to win some extra betting cash for the next game.
Don’t get greedy. Ensure you are making smart betting decisions and don’t just bet on a game for the sake of betting. Many new sports bettors will lose plenty of money betting on the MLB postseason just for the sake of betting, instead of making educated bets. The odds are a bit lower during the postseason because in most cases there isn’t a huge underdog – which ultimately means the odds won’t pay out as much – so you’d have to bet more.
Many successful sports bettors lean toward making large lump sum wagers on smart bets that are most likely to cash. A $5 wager on -200 odds isn’t going to pay out much ($2.50 to be exact), but a $200 wager would pay out $100 plus your initial $200. Have fun with it, sports betting is as fun as you make it – and you should never bet money you can’t afford to lose or bet to earn money for bills.