How to Lose $52,641.00!
The second graph tells a different story though, if we're talking about straight up dollars on the covers "all players" greater than 50% consensus. Simply wagering against the consensus (below 50%) would show profit (+$1242.00 …that's a measly roi…don't get excited, but do consider it to be your base system) while betting with the majority (greater than 50%) would show loss (-$52,641.00 [this is where the books cleanup]). Note: both of those figures are calculated using hypothetical $100 wagers.
Disclaimer: This study has been done only for the sole purpose of understanding the sport of Baseball from a macro perspective. The title of this post does not reference any actual loss of currency by myself or anyone else. If you are interested in participating in casual contest "betting" for no money as a hobby, Covers.com provides and excellent domain for you to do this. Also, please understand that this information comes from a casual sports prediction contest website, and does not accurately depict the real betting market (but it serves its purpose in this case).
