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    Betting on Major League Baseball: The Underdog Method
    Betting on Major League Baseball: The Underdog Method
    Betting on Major League Baseball: The Underdog Method
    Ebook58 pages32 minutes

    Betting on Major League Baseball: The Underdog Method

    By Ken Osterman

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    About this ebook

    The results using The Underdog Method, for the 2015 playoffs were impressive. All games were handicapped, both the American and National League games as well as the World Series. 

    The Results:

    There were a total of 26 bets
    There was an average price of +141.9 for all 26 wagers 
    13 wins and 13 losses
    Return on flat bet wagering was 19.81%

    The essence of any good baseball handicapping system is to find games to bet on that will result in long-term profits. In other words, finding overlays. The Underdog Method uses an approach to not only find these good bets, but does so by creating a money line that can be compared to the one offered by sports books.

    Author and sports gambler, Ken Osterman, explains this system in an easy-to-understand way, and then uses an entire day of baseball games as examples. Each game is handicapped per the rules of the Underdog Method, and then a betting line is created. This line is compared to a specific sports book's money line. It is then decided, based upon specific rules, whether a good bet exists or not.

    Although demonstrating the effectiveness of any betting system is limited in a book, the approach to Major League Baseball betting using the Underdog System is significantly different than the simple angles and methods seen elsewhere.

    The results using The Underdog Method, for the 2015 playoffs were impressive. All games were handicapped, both the American and National League games as well as the World Series. 

    The Results:

    There were a total of 26 bets
    There was an average price of +141.9 for all 26 wagers 
    13 wins and 13 losses
    Return on flat bet wagering was 19.81%

    LanguageEnglish
    PublisherTeela Books
    Release dateJul 20, 2015
    ISBN9781516374571
    Betting on Major League Baseball: The Underdog Method

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      Book preview

      Betting on Major League Baseball - Ken Osterman

      Table of Contents

      ––––––––

      Introduction

      The money line in baseball betting

      The reasoning behind the system

      The procedure

      Summary of the Underdog Method in seven steps

      Game played on  May 10, 2015

      Summary of bets

      Handicapping tips

      Where to place your bets

      Appendix

      Introduction

      For those who have read my book Sports Betting Systems That Work, you may notice that this method is somewhat similar to a baseball betting angle called The Underdog Advantage. In fact, the system in my sports betting systems book was an abbreviated form of the method you are about to learn. Most of the differences between the two methods relate directly to detail; therefore, The Underdog Method is more robust and accurate. In this method, there are different values for dollars-per-run for the American and National League money line computations. This system is also a bit more relaxed in determining whether a team qualifies as a bet. In addition to greater detail, there are also more examples. In fact, a complete day of baseball games is analyzed.

      The Money Line in Baseball Betting

      The following is a quick explanation of a money line. It is imperative that you understand what these numbers represent, when you see them offered by a sports book. If you already know this, feel free to skip this section.

      Betting on baseball can be confusing to gamblers because of the use of a money line. Unlike football or basketball that use a simple to understand point spread method, baseball games are listed as three digit numbers, preceded by a negative or positive sign.

      For those who do not understand these numbers, it can easily be understood with a hypothetical wager of $100. When you see a number with a positive sign, such as +150, this means that you will receive winnings of $150 on a hundred dollar bet. Naturally you get your wager back, so you are betting $100 with a return of $250. Subtracting out your bet of $100, and you have made a profit of $150. Any time you win more than your original bet (you more than double your money), it is referred to as getting or receiving odds on your wager.

      A team listed at +100 is an even odds bet and you win the amount you bet. Using a $100 wager as an example, you get back $200 for a $100 profit.

      If you bet on a team with a minus number, you are laying odds. This means that you are winning less than your bet. In the example above, if we change the +150 to a -150, this means that if you bet $150 dollars to win $100. Naturally, you receive your wager back, so you will get back $250. Subtracting out your original bet of $150. you make a profit of $100.

      Another thing to understand is that you are never required to bet more money when laying odds on a team.  For example, if a

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