Odds To Win 2011 MLB World Series
BetVega.com tracks the 2012 World Series Odds on a monthly basis through out the baseball off-season and during the baseball bettin regular season.
Here are the latest odds to win the 2012 MLB World Series from online oddsmaker BODOG.
2012 World Series Odds Movement Chart During The Off-Season
Team |
Opening |
5/1/11 |
6/1/11 |
7/1/11 |
8/1/11 |
9/1/11 |
10/28/11 |
|---|---|---|---|---|---|---|---|
| Texas Rangers | 8/1 | 12/1 | 20/1 | 15/1 | 13/1 | 11/1 | +140 |
| STL Cardinals | 20-1 | 25/1 | 15/1 | 22/1 | 22/1 | 100/1 | -130 |
Major League Baseball World Series Betting Odds
Although not as popular as individual game betting, pool wagers do have their place in the sports betting community. In Major League Baseball, the World Series betting pool draws a variety of players to the betting window on a yearly basis.
Shortly after one World Series ends, online bookmakers must promptly be ready for the next World Series in the following year. The defending champion is almost always among the early favorites. The “hot stove” action in the offseason involves various trades and free agent signings. These moves are closely evaluated by professional bettors and the World Series odds could shift depending on how significant the changes are. While an NFL roster consists of 53 players, an MLB roster has only 25. Therefore, the movement of a certain player or two can be very important.
Public teams draw a lot of wagers
Because of the long tradition and history of Major League Baseball, certain teams will draw more interest than others, based on their fan base. The odds of the Chicago Cubs are a little slanted each year because fans of the team are prone to making a World Series wager on the team each and every season. Even when the Cubs are considered a longshot to win the championship, fans of the team will usually enact a pilgrimage to Las Vegas during the winter to place a wager on their beloved team that hasn’t won a World Series since 1908.
In addition to the Cubs, the New York Yankees and Boston Red Sox are the other public teams that are commonly bet upon heavily in the offseason. However, unlike the Cubs, these teams have won championships in the last few years.
Baseball Bettors must have patience
While bettors enjoy the daily action that is tied to Major League Baseball games over six months of play, they must have patience when making a wager on a World Series winner. On a typical day in the spring and summer, there are usually 15 games to wager on that deliver an immediate payoff. However, a bettor may have to wait for nearly a year to cash in on a World Series champion in late October of each year.
With approximately one year to evaluate the pool, the bettor can use this to their advantage to make astute wagers over a period of time. Sportsbooks can also benefit from the amount of time that a World Series pool is open to maximize the hold percentage for the house.
