Betting Baseball Moneylines

maidenguy

Most of us have always played games this way-Favorites to win 1 unit and dogs betting 1 unit to win whatever. Dr H plays favorites to win 1 unit but on dogs plays to win 1 unit so wager is less than 1 unit depending on the dog price.
Sports Insights plays 1 unit on all wagers, no matter if fav. or dog.

My question is, is there a correct or right way to wager or no. Is there a difference?

Obi One

maidenguy wrote: »

Most of us have always played games this way-Favorites to win 1 unit and dogs betting 1 unit to win whatever. Dr H plays favorites to win 1 unit but on dogs plays to win 1 unit so wager is less than 1 unit depending on the dog price.
Sports Insights plays 1 unit on all wagers, no matter if fav. or dog.

My question is, is there a correct or right way to wager or no. Is there a difference?

DrH's method is the 'best way'. Incorporates Kelly Criterion.

It basically comes down to this:
When you're betting a fave of -200 and you stake 2.00 unit to win 1.00, it stands to reason that you'll stake more than 1.00 unit on an event that has a relatively high probability of winning. When it comes to underdogs, if you bet a +900 underdog (extreme example), and you stake a full unit (1.00 to win 9.00) you're stake is too big relative to the probability of that event happening. Therefore it's better to stake 0.11 to win 1.00 unit when betting underdogs. While some might think, that you'll win less when those underdogs win, the most important consequence is that it lowers the swings in/on your bankroll.

blackbull

As maximum growth (of your bankroll) is the aim of any successful sports trader, "to win" is the best method (which is why Dr. H uses that method and which is why the forum record keeping guideline at BTF should be amended)