Betting on the MLB
Baseball is back, meaning it’s time to touch up on the basics. Whether you’re new to the sports betting world or a seasoned veteran, it never hurts to refresh your knowledge.
The beauty of baseball is there are a number of different ways to attack games and beat the books. Make sure you check out Sportsbook Review for more information on all of the different types of wagers you can place in the MLB.
Let’s start with the most obvious.
The most popular type of action in baseball would come on moneylines, in which you are just picking the final outcome of a particular matchup. For example, if the New York Yankees were hosting the Los Angeles Dodgers and were listed at -125 to win, that would mean they are the favorites. The “-“ denotes the favorite in a match, while a “+” represents the underdog. In this instance, the Dodgers would be listed at +125, as an example.
What do the numbers represent? If a Yankees victory was priced at -125, that would you mean you’d need to wager $125 to get back $100. Flipping the script, if a Dodgers win was listed at +125, you’d wager $100 to win $125.
Another popular type of bet would be a total wager. Here, you are picking whether you think the final total of runs will fall OVER or UNDER the posted total on the MLB odds board.
In the Yankees/Dodgers example, if the total was at 7.5 runs and the final score was 4-3, you would cash. If the final score was 5-3, you’d be on the losing side. If the total was at 7 runs and the final score was 4-3, it’d be a push, meaning you’d get your original wager back.
If you’re feeling more confident than usual in a team’s chances of winning, you can opt to take on more risk (for a better reward) by focusing your attention on run lines.
What’s different from moneylines? Well, to start, the listing on the MLB betting lines board. In a typical run line, you’ll see “-1.5” and “+1.5” available as options next to the respective teams. As you may be able to guess, if you pick the Yankees -1.5 against the Dodgers, you’d be hoping they’d win by at least two runs. If you selected the Dodgers +1.5, you’d be wanting them to lose by less than two runs or even win straight up.
Short for proposition bets, prop bets are a fun way to wager on baseball, because they’re different in that they aren’t related to the final outcome of a game. Most of the top sportsbooks will release numerous MLB props early in the day before first pitch.
Think Giancarlo Stanton is going to homer against the Phillies? You can see if you like the available betting odds on that coming to fruition and see if you want to take the plunge.
That’s just one of many different ways to get your MLB handicapping fix on.
Many sportsbooks also offer futures, in which you are banking on a team winning the division, a player hitting a certain milestone or winning an award, or something else “in the future”. There are so many available offerings that there’s bound to be something that stands out and attracts your action.
If you’re a strong believer in the San Francisco Giants’ chances of winning the World Series, you can place a wager early in the season at what could turn out to be a very valuable MLB odds valuation. If you grab them at +800 odds to win it all and they come through, you’ll be smiling.
Predicting the future certainly isn’t easy, but you can reap the benefits in a big way if your timing and inclinations are right. Hopefully this MLB refresher will help you on your journey.