Manage Your Bankroll

How much money are you willing to lose? Not a lot of people are comfortable answering that question because no one wants to lose money. This is gambling we are talking about here, so there is always a risk.

Find a happy medium on how much you can afford to bet and potentially lose so your finances are not in jeopardy. Set a budget if you have to or make a set of rules to follow each day for bets. With this in mind, you can safely set yourself up for future gains and not worry about going broke.

Avoid Bias or Favorites

Avoiding biases towards teams is very important. Even though your home team is doing great this year and has a history of good seasons, it does not mean they are out there going to win you money personally. Also, betting against a certain team because you hate them is foolish as well.

Another reason to avoid your favorite team or a popular one is that the markets tend to overprice them. The average person betting on these teams will bet regardless of how much the odds are for that team. You are paying a premium if they win, but lose far more if they lose.

Check The Weather

Depending on where the MLB event is at, which is almost always outdoors anyway, the weather will play a huge role in batting averages and other various stats. The one you definitely need to be concerned with is the wind.

When the wind blows in, it will turn normal home runs into warning track outs. This is a plus that benefits unders. On the other hand, when the wind blows out, it will turn fly balls into homers, and then it benefits the overs. Check the local weather stations or online weather updates for where the event is taking place to get a good idea of how to gauge this.

Look For Division Dogs

When looking for a consistent level of play within the MLB, you should focus your attention on each division. Teams will play each other in their division at least 19 times a year. By looking at the outcome, you can see a familiar trend with certain teams since they tend to know each other more.

The market tends to overvalue the home team when division rivals meet. This creates betting opportunities when you choose the visiting team. However, do not always go with the visiting team. Do your research to see if the value is there and the matchups are worth it.