and the rest of the story
and the rest of the story
The Lazy Man's Method to Baseball Profits
By Corey Bachmeier
Now granted, it there were a TRUE Lazy Man?s Method to Betting and WINNING at betting baseball, we would all do it, become rich, and that would be the end of it.
Unfortunately it?s not that simple. What I would like to explore is a simple concept that you can incorporate into your betting strategy that hopefully can bring you some nice profits the latter part of the baseball season.
This strategy will revolve around three simple concepts:
1. Betting on the two best teams in each league for the last three months of the season.
2. Making your bets using a two team parlay system.
3. Being consistent with your betting strategy day in and day out for a month at time.
....In this article I will discuss the results during month of JUNE and how this simple method works.
Most bettors realize that betting on big favorites that are laying the big juice like -180, -200, -220, etc., is A BIG MISTAKE. It is just a bad and very easy way to lose your whole bankroll laying these types of numbers. Discussing these numbers and why you should stay away from them is a discussion in itself...
For the sake of this article we are going to look at the New York Yankees and the St. Louis Cardinals. You can make very good arguments that these are the best two teams in baseball, and they did have the two best records in baseball at the end of July. You may be asking, how can I profit on these two teams if betting them as heavy favorites is a fundamental mistake in sports wagering? Here is how: You consistently use both teams in two team parlays.
Many people will tell you to avoid the parlay bet. I agree with that with anything over a two team parlay. Consistently betting the 3,4,5,10, etc., team parlay is not a good way to spend your bankroll, although I even from time to time will lay 10 dollars on a good 5 or 6 teamer, just for entertainments sake, but never more than that.
...This simple system works like this:
Consistently, day in and day out bet a two team parlay, in our example the Yankees and Cardinals, both to win. Because it is a parlay you will in most cases have bettor than even money odds. It?s like betting underdogs in every situation. It is approximately even money when both teams are -240 favorites, (i.e. bet 100 to win 100), which is rare. Below I have some payouts based on a $100 parlay bet. You can see what various payouts would be with different betting lines.
Team A Team B Payout
-110 -110 +264
-120 -120 +236
-130 -130 +213
-140 -140 +193
-150 -150 +177
-160 -160 +164
-170 -170 +152
-180 -180 +141
-190 -190 +132
-200 -200 +125
As you can see it?s essentially like betting on a fairly big underdog, except you betting with two top teams. For example, in the chart above if both teams were -150 favorites, and you were to bet $100 on the two team parlay, the payout would be just the same as betting the same amount on a +177 underdog to win.
So in our example of the Yankees and the Cardinals simply bet them in a two team parlay to win every day that they both play. Now, every team goes through losing streaks, but with top teams these streaks should hopefully few and far between, especially in the second half of the season when they are gearing up for the playoffs.
Below you will see how this system worked in the month of June with the Yankees and Cardinals. I am also going to track this system for the months of July, August, and September to see how the statistics play out.
June 2004
New York Yankees
18 ? 7 Record in June 2004 72%
62-36 Record as of July 26, 2004 63%
St. Louis Cardinals
19 ? 9 Record in June 2004 68%
63 ? 36 Record in June 2004 64%
Parlay Betting System
10 ? 14 Record in June 2004 42%
10 parlay wins = $2026
14 parlay loses = -$1400
PROFIT = $626
(Based on $100 bets)
Longest losing streak ? 3 parlay bets
Longest winning streak ? 4 parlay bets
As you can see above, for the month of June this system proved to be very profitable. It went 10-14, but the profit was roughly $600 dollars, not to bad for placing the same exact bet over and over for one month.