Living in Los Angeles is expensive, especially if you’re a baseball bettor.
La-La Land’s two MLB franchises, the Angels and Dodgers, are near the bottom of their respective leagues and have burned loyal backers for a combined -28.24 units heading into Saturday’s schedule ($100 bettors would be down -$2,824 if they wagered on each teams’ games).
The Los Angeles Angels are second last in the American League West at 13-22 and have cost bettors -13.77 units so far, making the Halos the second most costly wager in the majors this season. That’s even more than the Houston Astros, who sit below L.A. in the standings at 10-26 and -11.70 units after taking two of three games with the Halos this week.
Across town, the Los Angeles Dodgers are in the basement of the National League West at 13-21 and have drained bankrolls for -14.47 units – the lowest earnings in the bigs. The Dodgers have lost eight in a row heading into Saturday, with that skid burning -10.22 units alone.
The slow start for both L.A. teams was a blood bath for California natives coming to Nevada to wager on their favorite clubs, which in turn has made a pretty profit for books in Reno. They draw a lot of action on California clubs due to its close proximity, even more so when the Angels and Dodgers – two teams expected to be among the best – fall short of those projections.
“They’ve started easing off on them now,” Steve Mikkelson, sportsbook manager at the Atlantis Casino Resort Spa in Reno, told Covers. “When they’re hot, people jump on them. But as they start losing, people ease off and start picking their spots.”
Mikkelson says the Angels' and Dodgers' slumps have not only cooled off action on their day-to-day odds but also their futures to win the division, league pennants and World Series. The Angels opened the season at +700 to win the World Series and are now
listed at +2,000. The Dodgers opened at +800 and have been adjusted to
“They’re standing back and taking a look and saying, ‘maybe these guys aren’t as good as we thought they were',” he adds.
The Angels, who were among the World Series favorites after acquiring Josh Hamilton this offseason, dropped three of four games to the Baltimore Orioles on the weekend and lost two of three with Houston. They will continue a six-game road trip in the Windy City visiting the Chicago White Sox this weekend.
The Dodgers were swept in back-to-back three-game series, on the road versus the San Francisco Giants and at home against the Arizona Diamondbacks Wednesday. They have only two victories in their previous 10 outings heading into a weekend set with the Miami Marlins.
Mikkelson says if one of these teams has a better shot at turning their season around, it’s the Dodgers. He points to the unfortunate injuries to players like Hanley Ramirez and Adrian Gonzalez, as well as Matt Kemp’s cold start to the season, and believes those issues are fixable.
“The Angels, with their staff losing (Jered) Weaver and everything that’s going on with (Albert) Pujols’ foot and Hamilton not hitting, there are more holes there day in and day out,” he says.