Baseball Home Field Advantage
The home field advantage in baseball is not well documented as it is in the NBA and NFL. Teams in the NBA can have over 0.600 records at home but under 0.400 on the road. Since this is not the case in baseball, many novice gamblers do not take home field advantage into account when making wagers. The truth is that baseball home teams win 53.6% of the time as opposed to road teams winning 46.4%. Therefore the home team advantage is worth 7.2%.
As a result, there are very few baseball handicapping systems that I have for Road Favorites. When a good pitcher is on the mound on the road, the home field advantage of the opponent is rarely taken into consideration. This 7.2% advantage gives us great value on the home team.
53.6% is the break-even percentage for a -116 home favorite. This means that an otherwise Pickem in a neutral field would be a -116 at home. More articles will be coming on isolating situations where dealing with home favorites in this range can be truly profitable by isolating situations where a team's home field advantage is actually larger than the standard 7.2%.
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