One of the common things that you will hear if you hang around the sports world for long enough is that some teams are assessed a tax with their betting numbers. You might think that you will have to pay more to bet on the Patriots or Giants in the NFL. You might have to bet on a bigger number if you are going to win with the Lakers in the NBA. The Yankees are the team that is supposed to get that tax in Major League Baseball. Is this real, though? Are you losing value when you bet on teams like the Yankees?
The traditional wisdom would say that you are losing value when you make MLB baseball picks on the Yankees. It would seem that more bettors would favor the Yanks, and because of that, the books would give soft lines on the teams playing against the Yankees. The numbers do not necessarily back this up, though, and you need to keep this in mind when you are making your MLB picks. If you had bet on the Yankees consistently over the last decade, you would be making money.
How can this be? Is there a rational explanation that can help us understand this phenomenon? Perhaps things have shifted to the point where people are scared to bet the Yankees because they believe it is impossible to get value on the Yankees. At some point, when something becomes “common wisdom,” the betting public makes the adjustment, and they might just stop betting on the Yankees. This means that you might have an opportunity to make money on your MLB picks when you load up on the Yankees. Though this seems unconventional, it will help you earn profits.