Posts Tagged ‘Betting Odds’

Hey fans, time to start cracking open the piggy bank for World Series tickets! Even with what seems to be a plethora of injuries, poor pitching performances and an offense that sputters as much as it explodes, BoDog has installed the Yankees as favorites to win the World Series, with 5-2 odds. And they’re nearly even-odds to win the ALCS at 3-2.

I’m not one for placing wagers (well, other than the occasional beer at the pub on a dart shot), but this is good news for Joe Girardi’s squad. It’s not that BoDog is any better at predicting who wins than any other sports book; but their lines demonstrate what the professional betting public thinks. Since those guys make a living by placing bets on everything, here’s guessing they still believe that those guys believe this team is destined for the Canyon of Heroes.

I, for one, like the odds.

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If you’re a Major League Baseball fan, you probably fall on either one of two sides of the almighty equation: love the Yankees or hate the Yankees. Either way, it’s inevitable – the New York Yankees own you. From a historic perspective, much of what we appreciate or sometimes abhor about the sport was started or at least perpetuated by the Bombers. You think Damon jumping ship broke Boston’s heart? Well, New York started the trend of buying the best talent long, long before then. Since 1918 when Babe Ruth was purchased by the Yankees, shelling out dollars for ability has been New York’s forte. The club is also arguably responsible for the overall popularity on the sport. Appearing in 40 World Series, winning 27 and absolutely dominating the landscape in the East since the 1920s, the Yankees have constructed an empire that, unlike others throughout history, refuses to collapse.

After winning their 27th title last year, the Yankees started the 2010 MLB season as favorites to repeat. Even though they had to let some long-time favorites go, like Matsui and Damon, they’ve only tightened up and have walloped the competition for the first half of the season, and now stand at 57-33, 2 games out in front of Tampa Bay and 5.5 in front of their rival Red Sox. The AL East has been the Yankees’ biggest competition thus far. Not that the Central and West are AAA clubs, to be sure, but the top three records in the AL belong to the Eastern clubs – Yankees, Rays, Red Sox. And with New York’s ability to fend off two 50-win clubs, their odds for repeating as World Series champs have gone down tremendously since the season began. Not every sports fan is a gambler. And certainly not every gambler is a sports fan. But the MLB Playoffs and the World Series race is absolutely huge business for the betting world. Vegas, Internet sports books, AC – it doesn’t matter where. Over a billion dollars is placed down on one WS game. The goal of the gambler, obviously, is to secure a nice payday. The goal of the odds maker is to ensure action plays and that favorites winning won’t break the bank. Everyone loves an underdog, true – but they bet on what they feel to be the “sure thing,” by and large. This has caused odds makers to go into risk management mode over the Yankees’ impressive baseball play.

When you’re hunting for online casino bonuses, stop by the sports betting section and check out the Yankees odds. Normally, a team with 50-plus wins at this juncture would pull in around 15:1. If they’re good and not just hot, you could drop that to 10:1. If they’re previous champions, like the Phillies of 08, you could hope for 8-5:1 with the makers not too worried about covering their hind ends at this point. But the so-called experts of the betting world understand exactly what they’re seeing with New York. Only 90 games into the regular season, the Yankees are standing well ahead of their closet betting competition, the Tampa Bay Rays (7:1), at an unmatched 3:1. It’s clear how sports books expect the scenario to unfold in the coming months. With revitalized pitching, hot bats at the plate, and a probable wave of pride-filled emotion due to the death of Steinbrenner to carry them through the stretch, it’s evident that the Yankees have the potential to bowl through the playoffs on their way to their 41st World Series appearance and most likely their 28th title.

Even everyday gamblers tinkering with their online slot machines are likely to throw a few dollars down on a New York win. If it happened at 8:1, 100 bucks turns into 800 – and multiplying that by a few thousand means sports books take a huge hit. But having 100 turn to 300—and possibly significantly less if odds adjust even lower—provides more breathing room for online and on-location bookies. In other words, the New York Yankees not only have their MLB competition shaking in their boots, but odds makers are also bowing down and showing due reverence to the pin-striped legends of the diamond. Anything can happen in Major League Baseball. The Yankees winning another World Series is far from a foregone conclusion. But the jury is in. Odds makers certainly agree that the Yankees are on their way.

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