This guide will walk you through our MLB sharp betting data: what it is, why it matters and how to use it to make informed, strategic bets.
What MLB Sharp Data Is
Sharp data tells you which side of a bet the pros are betting on. Let's look at an example:
On our mobile app, we refer to sharp bets as the "Pro Money Advantage". The higher this number is, the more sharp bettors are favoring the bet over the public. The lower this number is, the more sharp bettors are aligned with the public.
Pro Money Advantage = Total Money % - Total Ticket %
In the example above, if the Nationals attract 76% of total money wagered and 62% of the total bet slips, a 14% Pro Edge (Sharp Bet) would be the result. Since professional bettors tend to wager higher amounts of money than casual bettors, sharp data is a valuable tool to use. In this example, expert bettors would have leaned more towards the Nationals than public bettors did.
Why Accessing Sharp Data Matters
There are several ways you can improve your betting ROI using sharp data. Let’s look at a couple ways that public data can be utilized alongside it.
MLB Sharp Data + MLB Public Data
Sharp bettors are considered pros due to the fact that they typically wager the most money and are usually responsible for moving lines. Sharps usually get heavy action on their targeted bets soon after odds are released. Having access to those targets is extremely powerful.
The higher the Pro Money Advantage, the more sharp bettors are favoring a particular bet over the public. The lower the Pro Money Advantage, the more sharp bettors are aligned with the public. For example:
You’re planning to bet on the Giants (-125) against the Dodgers. San Francisco is a decent public bet (63% of tickets are wagered on them), but a whopping 95% of the money is wagered on the Giants, showing a 32% Pro Edge - a huge sharp bet. Therefore, you feel more confident in locking in the bet on the Giants.
MLB Sharp Data vs. MLB Public Data
In that same scenario, if 63% of tickets were wagered on the Giants (-125), but 72% of the money was wagered on the Dodgers (a 35% Pro Edge in their favor: 72% of the money - 37% of tickets), it might make you hesitant to bet on San Francisco and might even sway you to back Los Angeles.
Betting with the sharps doesn’t work every single time, but if you want to consistently make informed bets by utilizing sharp data, your bankroll will most likely grow over time. Remember, sportsbooks are profitable for a reason and understand that the public leans towards favorites, leans towards overs and reacts to breaking news in today’s social media age. If it was as simple as betting with the majority, we’d see a lot of millionaires cashing all over the sports betting world.
Where Our Sharp Data Comes From
BetQL has proprietary relationships with sportsbook operators that provide this data in exchange for promotional value on the website.
Developing A Personal MLB Betting Strategy
Identifying an edge is one of the most difficult aspects of sports betting. Luckily, BetQL subscribers have a full arsenal of tools to utilize on our mobile app. BetQL is every bettor’s one-stop shop for live odds, a proven best bets algorithm and public data in addition to sharp picks. Which tools you use and how you do so is completely up to you.