If you are interested in betting on the MLB you have found the right place. Below we will explain how MLB betting works for beginner bettors and we will also provide live MLB betting odds, MLB betting strategy articles, and even information about MLB betting systems. MLB is America’s pastime and it is one of the best sports to bet on. We will also list the best online sportsbooks for those who are interested in betting MLB baseball online.
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How To Bet on MLB Baseball
MLB betting is most commonly done three different ways with money line betting, over under betting and run line betting. Below we will explain briefly how each type of MLB betting works and also talk about other types of MLB betting you can do.
Money Line Betting
Betting on the money line is a pretty easy concept to understand, and is the most common type of MLB bet. MLB money line betting is simply picking which team you think will win the game. Each team will be given odds and you will just need to pick what team you think wins the ball game. Of course when betting the MLB money line the favored teams will payout less money than the amount you wager, while the underdog team will usually payout more money than the amount you have bet.
In our example above we have a game between the New York Yankees and Tampa Bay Rays. Choosing the Yankees to win (moneyline) pays +110, meaning they are the underdog and a $100 bet payouts out $110 + the original $100 back. The Tampa Bay Rays are favorited at -130 to win. This means you would need to bet $130 to profit $100. Each MLB game will be listed like the one above with moneyline odds on each team to win.
Run Line Betting
This is another type of MLB betting in which you will be picking sides, but it is kind of similar to NFL Spread Betting for those who are familiar with how that works. When betting the run line in the MLB the team which is favored will be given a 1.5 run “spread” that they must cover in order to win the bet. If you bet on the favored team with MLB run line betting they will need to win by two runs or more in order to win your bet. If you were to bet on the underdogs they can either lose by one run or less or win the game outright in order for you to win your bet. Odds will be set accordingly for each side of the run line. Check out our full MLB Run Line Betting Explained article to help you fully understand it better, or check out the example below.
In this example you will see that the Tampa Bay Rays are favored and given the -1.5 run line. A $100 bet on the Rays on the run line pays $250 total in this example, and they would need to win by 2 or more to cash those bets. If you bet the Blue Jays on the run line in this example you’d need to risk $160 to win $100, but a bet on the Jays +1.5 means they can either win outright or lose by 1 run and you would cash your run line bet.
Over Under Betting
Over Under betting is sometimes referred to as game total betting, and is basically betting on the total score of both teams combined. The oddsmakers will set a total for the game, which represents the total amount of runs scored by both teams. Bettors will then be able to either choose the total number of runs in the game to be lower or higher (over or under) than the set game total. For example, if the game total was set at 9.5, betting the over would be betting on both teams to combine for 10 or more runs, while the under would be betting on the teams to combine for 9 or fewer runs.
In this example the Blue Jays and Rays have a total set at 7 runs with two solid pitchers on the mound. The “over” is the slight favorite meaning you will have to lay a bit of chalk if you want to bet the over. You will need to risk $115 to win $100 on the OVER 7 runs, and the teams must combine for 8 or more runs together for that wager to cash. If you want to bet the UNDER you would win $105 for every $100 bet. The teams must combine for 6 or fewer runs in order for that wager to win. If we have a total fall right on the set over/under, for example a 4-3 Blue Jays win, the bets would be considered a push and all monies bet would be refunded.
Prop betting isn’t too popular in the MLB, but there is still a lot of people who make MLB prop bets (even more so during the playoffs). Prop betting consists of betting on anything that doesn’t have to do with the final score of the ball game. Examples of MLB prop bets include betting on which team will score the first run, individual player performances, or if there will be a run in the 1st inning. There are an endless amount of MLB prop bets you can bet on, and they can be a lot of fun.
Above is one example of a prop bet for baseball that 5dimes.eu had listed. This bet is simply on whether or not Atlanta’s BJ Upton will have a hit in their ball game on May 9th. Because the chances of him getting a hit are pretty good you will need to risk $195 to win $100 if you want to bet that “yes” he does get a hit. If you want to wager on him not getting a hit you will have a payout of $160 on a $100 bet.
World Series Betting
Sportsbooks will often give lines for each MLB team to win the World Series, which can be bet on both before and during the course of the MLB season. These World Series bets are referred to as a future bet, as you are betting on a future outcome. The odds will always be changing during the season depending on how each team is doing. If you think you can predict which team will win the World Series close to the start of the season you can get some big payouts at the end of the MLB season by placing a World Series bet. Try it out at www.Bovada.lv (see the picture below for an example)
The odds above are for choosing a team to win the World Series. These odds are listed in fraction format, but they aren’t hard to figure out. The Washington Nationals are listed at 7/1 which means a $100 bet pays out $700. The Tampa Bay Rays are 18/1 meaning a $100 bet pays $1800. The only odds that are a little tougher to read would be the 15/2 listed on the Blue Jays. That would be like 7.5/1 meaning a $100 wager pays $750.
These World Series odds will change daily with teams winning and losing, star players getting injured, etc. Go ahead and start betting at www.Bovada.lv.
Written By: Kevin M