Have you ever wondered what a person could win or lose if they bet the favorite or dog on every game in MLB for a day. Well that is something that I have always wondered myself. I know that the public loves the favorite and you always hear that the public loses in the long run because of this. Although I would not recommend anyone betting every game everyday unless they have tons of money or no control of money management, I did a litte homework to see what you would have won or loss this year if you would have bet every game everday on either the favorite or dog.
The calculations are based off of playing every game to win 1 unit. So if betting on the favorites you are laying the juice to win the $100 which I am using as a unit.
Betting Favorite of -162: Lay $162 to win $100
if bet loses then you lose your $162.
Betting Dog: bet $100 each bet:
dog of +162: Risk $100 win $162
bet loses then you only lose your $100
So far this year with all regular season games played here is what you would have won or loss if you bet every game everyday:
Favorites: -25.67 units
Underdogs: +14.50 units
So if you love the favorites you can see that betting on them does not always pay off!!!