Bet On It! – The MLB Postseason

Whew! We made it!

I know I can’t be the only person who wouldn’t have bet much money a couple of months ago on the chances of MLB even having a Postseason in 2020. It looked pretty bleak when the Marlins and Cardinals started things off with a bunch of postponed games.

But here we are. The American League starts their first round on Tuesday and the National League gets going on Wednesday.

And, yes, the Minnesota Twins will be participating in this rather strange endeavor, having squeaked through with a second consecutive American League Central Division championship.

When I initially placed a bet on the Twins to win their Division, back in January, I bet in moderation. After all, back then, we still expected the season to be 162 games long and we all know anything can happen over the course of a marathon-like MLB regular season.

But when the season was officially shortened to 60 games, I was feeling very optimistic about the Twins’ chances in the AL Central. So much so that I put a whole bunch more money on them to win the Division. How much? Well, I won’t go into those details, but it was the largest single bet I’ve placed on any event since legalized gambling came to Iowa.

Suffice to say, I was not pleased with a week left in the schedule. Thankfully, the White Sox totally tanked and the Twins won just enough down the stretch for me to cash in.

But that’s all in the rearview mirror now. It’s time to look at the odds that William Hill and Elite Sportsbook have issued for the 16 teams still playing baseball this week.

Once again, I’m surprised how these two organizations diverge on some of these odds. There are some interesting opportunities, for sure, but first let’s check in on the Twins’ odds, where the two sportsbooks are almost in lockstep with one another.

Both William Hill and Elite have the Twins at 10-1 odds to win the World Series and they differ very little on their chances to win the American League Pennant. Hill is at +425 and Elite at an even 4-1.

At William Hill, you can also put money on the outcome of the Twins’ best-of-three series with the Astros (boooooo). But the Twins are such heavy favorites (that felt as weird to type as it does to read, trust me) at -170 that it hardly seems worth it.

Bottom line, putting a little money on the Twins to win it all at 10-1 seems worthwhile. After all, if there’s anything that would feel better than the Twins winning the World Series, it would have to be the Twins winning the World Series AND cashing in a nice fat payday from a sportsbook.

But once we’ve got that money down, where else should we turn?

Forget the Dodgers. I don’t care how good a team is supposed to be, if the best I can do is get 3-1 at Elite (+275 at WmHill) to win a playoff involving 15 other teams, I’m going to pass.

The Rays are getting just 6-1 odds at Elite to win the World Series, but you can get 10-1 on WmHill. So you might ask yourself if you like Tampa’s chances as much as (or even more than?) you do the Twins’.

No? So, what about the Yankees? Yes, at WmHill you can get that same 10-1 line on the Yankees to win the Series (Elite offers only 7-1).

Elite is also offering 10-1 on the White Sox, but you can get 14-1 if you move over to William Hill.

Thinking 10-1 is small potatoes and want a bigger bang for your buck? We can do that.

Let’s start by assuming you’re not interested in Miami (40-1 on WmHill, 33-1 on Elite) and probably only marginally more tempted by Milwaukee (40-1 on Elite, 25-1 on WmHill) and Toronto (nay, Buffalo) which sits at 30-1 at both books.

Could you be teased into a Cubs bet at 15-1 on William Hill (12-1 on Elite)? Maybe you like the Cubs to win the NL at +750 on WmHill (+550 on Elite)?

The Padres have been a trendy favorite and you can get 4-1 at Elite (+350 WmHill) for a San Diego NL Pennant or go crazy and bet them to win the whole shooting match and get 9-1 at Elite (7-1 at WmHill).

Here’s one that has piqued my interest, though.

Didn’t the Reds look to you like they could be capable of doing some damage? And the Twins didn’t even go up against their best arm!

We can get 9-1 at Elite on the Reds to win the National League (+850 at WmHill) and a whopping 22-1 at Elite to win the World Series (17-1 at WmHill).

Did anyone who watched that Twins/Reds series really come away from it thinking the Twins are better than twice as likely to win it all than the team that took two out of three from them?

Just for comparison, Cleveland and Houston both carry 20-1 odds to win the World Series.

And Cincinnati got a pretty good draw in that NL bracket, too. They’d only have to face one or the other of the NL favorites, since they’re in the opposite bracket from the Dodgers and Padres (yes, technically, Atlanta is the number 2 seed, but both bookmakers like San Diego more).

I like the Reds in their matchup with Atlanta and then they probably get the Cubs (though I’m not THAT sure the Cubs couldn’t find a way to drop a couple of games to Miami).

So, that’s where I’m landing. Obviously, I have to put some money on the Twins to win it all so I REALLY have something to celebrate when Maeda shuts down his former team to claim the top prize.

But I’m also going to take a little flyer on the Reds. Clearly could be a combination of “recency bias” and steep odds, but heck, I’ve put money on stuff with less logic behind it.

Let’s get this party started!