MLB brings in a cap wager on ‘micro-bet’ pitch-level markets, effective immediately

 

 
     

    The Major League Baseball (MLB) has announced it’ll be putting a cap wager on ‘micro-bet’ pitch-level markets as it works closely with sportsbook partners to ‘proactively create new safeguards.’ This comes at the same time as two of the sports players, Emmanuel Clase and Luis Ortiz, have been charged after allegedly placing fraudulent sports bets.

    This means that all MLB authorized gaming operators will cap wagers on pitch-level markets at $ 200 and exclude those bets from parlays. These new measures were implemented immediately following the announcement on Monday (November 10).

    The aim of bringing in these changes is to mitigate integrity risks and maintain the transparency and data access benefits that the regulated sports betting market provides. The league says these ‘micro-bet’ pitch-level markets “present heightened integrity risks because they focus on one-off events that can be determined by a single player and can be inconsequential to the outcome of the game.”

    The league says the risk on these types of markets will be ‘significantly mitigated’ by this new action as the creation of a strict bet limit on this type, and the ban on parlaying them, reduces the payout for these markets and the ability to circumvent the new limit.

    MLB makes stance on micro-bet pitch-level markets

    Commissioner of Baseball Robert D. Manfred, Jr. said: “Since the Supreme Court decision opened the door to legalized sports betting, Major League Baseball has continuously worked with industry and regulatory stakeholders across the country to uphold our most important priority: protecting the integrity of our games for the fans.

    “I commend Ohio Governor DeWine for his leadership on this issue over the last several months. I also commend the industry for working with us to take action on a national solution to address the risks posed by these pitch-level markets, which are particularly vulnerable to integrity concerns. “

    The commissioner continues to expand on who will be involved: “We look forward to continuing to work with all stakeholders, including licensed sports betting operators, elected officials and regulators, to ensure we are always protecting the integrity of our game.”

    The American Gaming Association said it welcomed the decision and that the measures would “protect the integrity of the game” at a time when multiple sports leagues, such as the NBA, are facing growing concerns.

    Featured Image: AI-generated via Ideogram

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    Sophie Atkinson

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    Sophie Atkinson is a UK-based journalist and content writer, as well as a founder of a content agency which focuses on storytelling through social media marketing. She kicked off her career with a Print Futures Award which champions young talent working in print, paper and publishing. Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC. Now, with five years experience in journalism and many more in content marketing, Sophie works as a freelance writer and marketer. Her areas of specialty span a wide range, including technology, business,…

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