Major League Baseball is one of the most popular sports in the world to bet on and has increasingly become more and more popular over the years with expansion and recent uptick in Asian players joining teams in the MLB. A majority of the online sportsbooks will now offer various ways to bet on Major League Baseball. In this post, we will define each option for betting on baseball.
MLB Moneyline Wagering
MLB Moneyline Wagering is probably one of the, if not the, most popular form of betting on Major League Baseball. Instead of the normal point spreads that most people are use to with basketball and football, in baseball moneyline wagers, you are betting on odds. Moneyline odds are basically set more towards the starting pitcher and not necessarily the team itself.
For example, if the Boston Red Sox are playing the New York Yankees and Chris Sale is on the mound, the Red Sox are going to be the favorite and the odds are probably going to be somewhere around -240. That means if you bet Chris Sale and the Red Sox for $100 and the Red Sox win, you will win $100 but if he loses, you will lose $240!
Many professional gamblers will take advantage of these large lines, hoping that the starting pitcher will make an early exit and the bullpen will give up some hits. When one pitcher is at large odds like Chris Sale, there is usually a very good return on your money for the opposing pitcher. This makes it a great way to cash in on some of those bigger odds underdogs.
MLB Run Totals
Betting on the run totals in MLB is the same as betting the over/under in NFL. You are basically betting on the combined score, to go over or under the predetermined number. In most cases, the run total is determined by who is pitching and by how many runs the oddsmakers feel that each pitcher will allow. Most of the time, the run line total is set somewhere between 7 and 10 runs but there are times that games will be 11-13 runs, especially when being played at Coor’s Field in Denver, Colorado.
An example of a Run Total Wager is take for instance you like the game between the Baltimore Orioles and Houston Astros to play over the posted total of 10 runs. This would mean that you would need both the Orioles and Astros to combine for more than 10 runs for you to win the wager.
MLB Run Line Wagers
In baseball, when point spreads are added or subtracted from a team, it is referred to as MLB Run Line Wagers. The Run Line numbers are set from the oddsmakers by determining who is the favorite and who is the underdog in the game. In most cases, the favorite of the game will be minus a predetermined amount of runs and the underdog will be plus a predetermined amount of runs. If you bet on the favorite, you will need them to win the game by more than the amount of points they are minus. If you pick the underdog, you will need them to at least only lose by no more than the amount of points that they are given.
For those that like to bet on the moneyline but prefer to play only the first part of the game, many of the sportsbooks will offer 5-inning lines. These are meant for those that want to bet on the starting pitchers but don’t have much confidence in the bullpen. This type of bet is graded on only the first 5 innings of the game.
MLB Future Betting
Another great way to bet on baseball is MLB Futures Betting. Betting on Futures is basically betting on who you think will win the World Series, Divisional Championships and Conference Championships. There is a variance in the odds that are set for each team at the end of the season.
The oddsmakers will set the odds for what they think will happen the following year. This is a great opportunity for you to take advantage of some of the bigger underdogs with a shot at contending for a pennant of the World Series.
Season Win Totals
Some of the online sportsbooks will also offer another form of future wagering that is called Season Win Totals. This means you will bet on whether you think a team will win more or less games than the predetermined number of games, decided by the oddsmakers.
For example, if you think the Atlanta Braves will have a really good year next year and think they will go over the 73.5 wins, you would bet over. The odds on the winning play are also determined by the oddsmakers and are usually between even and -130.