As the sports gambling industry has evolved, bettors have begun to focus on statistical data analyses and related information. This study aims to analyze the correlation between odds in sports gambling and the actual score results by organizing the data of each team's odds in Major League Baseball during the 2017 regular season. The results reveal that bookmakers set the most total overs on the New York Mets, and the most total unders on the Pittsburgh Pirates. In order to protect their margin and generate a 5% operating profit, most bookmakers attempt to achieve a "balanced book" with a fifty-fifty overall ratio between winners and losers as often as possible. Twelve of the thirty teams obtained a total differential rate of 5%. There is also a correlation found between each team's earned run average and the betting odds. The results indicate that sports gambling is not only a game of chance but also an example of investment management. While analyzing sport games, bettors should not rely on personal perspectives, preferences, advice from other professional bettors or media analyses. They should observe and analyze the overall data and trends comprehensively and systematically to make predictions, identify the most profitable betting conditions and make accurate determinations. These are the key elements needed to systematically earn profits.