The difficult thing about baseball betting is games are just so unpredictable.
I would say Baseball/MLB is unbetable (sp ?), but did you ever think about
why it is so unpredictable ? I thought about that very often, when I was following MLB some years ago and occasionally bet on it - but never with high stakes fortunately. Till now, this for me is still the hardest sport/league to bet on and I had bets on basically anything in my life.
I came to this conclusion in no particular order:
1) There are too many games.162 regular season games in a span of 6 months - thats 27 games per month, phew. If you have such many games, there is lots of room for error and one single game/loss doesn't matter. As such, the players don't bother with losing games, since you will have the next game just around the corner, where you can win again. I am a firm believer that every professional athlete, no matter how rich, has a lot of idealism in him and hates to lose. But if you do something day in day out for 6 months, this eagerness to compete and win deadens a bit. So you just go out, do your stuff and check the scoreboard after 9 innings. If you win, fine, if not, fine as well, tomorrow is the next game.
2) There are no secrets.The MLB (and all other major sports in US) is very well covered. There is no stat you can think of that is not publicly available, you have media coverage of all happenings 24/7, you can watch every game live and every little news that could influence the outcome spreads like a wildfire - so how can you get an edge betting on MLB as a single person or even a group working together ?!
3a) Baseball is a game of luck.I mean short-term here, but this a bold and debatable statement
Longterm the better teams come out on top, but the result of a single game is often a product of very little details.
This starts with the refs having their individual strike zone, which is part of the game since ages, but kind of pathetic in these digital times. And believe it or not, it's priced into the odds as well.
The result of a batter hitting the baseball and what comes out of it is a matter of millimetres and I doubt that even the best batters have that much control over it. They swing and maybe hit, but if they hit the baseball in the sweet spot or 1mm higher or lower is just luck. Thus you as a punter never know when luck strikes (no pun intended) and you have a homerun or just another easy out for the opponent. And even the players do not know, so how should you.
3b) The difference in quality is not very big.Most teams are pretty evenly matched, in contrast to NFL or NBA for example. I don't know why this is the case, because there are so many players and theoretically the more players the bigger the difference in quality. Maybe it's because there is only one skill position (Pitcher) and the other positions can be learned and mastered relatively easy ?
These two points are also the reason, why you rarely see odds under 1.50 in MLB, anything can happen in any game due to the above.
4) The odds are very well compiled.This is also a result of point 2 and the huge databases - also from the past - Vegas has available. In general I don't think there is lots of value to be found in Baseball odds. Beating the vig is already a huge challenge, although it's not really big in MLB. Beating the vig
and making some profit on top is nearly impossible, if we look yield-wise at least. You can for sure generate lots of turnover with all those gazillions of games and high betting limits, but you will most likely have to work with something around the 1% mark or even lower. Not sure if thats worth all the hassle you have to go through by trying to be successful in MLB - and you better know what you are doing, i.e. treat this as a full-time job, when creating lots of turnover in MLB.
I completely forgot to read this the other day. You make some great points here and some things I don't quite agree with, but overall pretty spot on.
1- Hell yes there are too many games. I played baseball from like 5 years old throughout high school, love the Chicago Cubs with a passion..but I am sick of so many games. It waters the game and the brand down and the thing is most people who love baseball too feel the same way. This is a big part of why baseball is really on hurt mode and the younger generation isn't nearly as interested. I still love baseball to death but I want like 100 games. I didn't have as much to do as a kid like they do today with social media, gaming systems etc etc so I question sometimes if I'd be as big of a baseball fan as I am had I grown up in today's day and age. They need to cut back games but they never will. They've got too many massive contracts out right now so if you cut an significant amount of days it will take so many years for them to make up for that income loss ..just no chance n hell they want to go through that ( even though they'd all still be filthy rich ).
2- You are right
3- I am sick of the human umpires. They do have their own agendas back there and they are absolutely not needed back there to call balls and strikes..it's not 1925 anymore. and of course it's priced in to the odds..Vegas isn't stupid, those dudes are god damn so good at what they do. Sickens me lol
3b- I do not agree with you here. Teams really aren't evenly matched. There are are big differences in the games best players and the games majority. Pitching isn't the only skill position and there is absolutely no easy position to play in baseball. Baseball is fucking hard. VERY hard. Catcher, 1st base, short stop and center field are the other very difficult positions to be really good at. They each take a very different type of skill.
4- I hear ya. It's just too much shit like this and that's why I've always been so much more in to betting the NFL. I am still going to make some small bets on this series but nothing crazy.
Damn Dodgers..not a happy start for me.
In Baseball I would think, ok, put me in as left/right fielder, give me good arm strength and precision and it might not get noticed, that I am an absolute donkey in his first game 
