Guide to Major League Baseball (MLB) Betting
MLB betting is alive and well on the internet. With hundreds of games played every year, baseball betting presents many unique opportunities for savvy bettors.
Interestingly, MLB betting is one of the easiest types of betting to handicap because there are so many games to choose from and because the competition is weaker than it is for other sports.
If you’re willing to do a little homework and put some thought into your bets, it’s realistic to turn a profit over the long run with MLB betting. It won’t happen overnight, of course, but there are few sports in which there is so much information available but yet such little competition from the general betting public.
MLB Betting Online
The internet makes MBL betting online today a thing of ease. As long as you have a computer and a connection to the internet, baseball betting is simple. The first step in getting started is choosing an online sportsbook for your MLB betting action. We recommend any of the following sportsbooks for MLB betting:
Each of the above MLB baseball betting sites has its own style and approach to the art of sports betting. If you really want to maximize your advantage, we recommend you open an account and keep a little money at each sportsbook. This allows you to quickly shop for lines and get the best odds on every single bet you make.
Because baseball betting appeals primarily to the US market, we have only mentioned US-friendly sportsbooks on this page. There are other sportsbooks out there that accept baseball bets, but the ones listed here are the best for USA sports bettors. Signing up, depositing and placing bets is a simple process at each of the above sportsbooks.
If you decide to try a sportsbook not listed here, make sure that you do a little research on that sportsbook’s reputation. The most important factor of all is that you play at a sportsbook that will pay you when you have a big win. Most MLB betting sites are completely trustworthy, but a little prudence never hurt anyone.
The following section will explain a couple of the most common types of MLB bets. Every MLB betting sportsbook sets up the bets in its own style, but there are a few general categories that you’ll recognize instantly. A simple working knowledge of the following bets is enough to keep you busy all season long.
MLB Money Lines
MLB money lines are just like the moneyline bets for any other sport. The object in these bets is to pick which team will win an upcoming game. Sportsbooks manipulate the payout odds in order to account for uneven matchups. Here’s an example:
NY Yankees -165
Detroit Tigers +140
The Yankees are viewed as the stronger team in this matchup, so the sportsbook has assigned money line odds of -165 to the Yankees. This means that all bettors are asked to risk $1.65 for every $1.00 in potential winnings.
The Tigers are viewed as the weaker team in this matchup, so the sportsbook has given them odds of +140. This means that all bettors can potentially win $1.40 for every $1.00 they risk on the Tigers.
MLB Run Lines
Run lines are a combination of point spreads and moneylines. Baseball is a relatively low scoring game, so most sportsbooks shy away from straight up point spread bets. The easiest way to explain these bets is with the help of an example:
NY Yankees -1.5 (-180)
KC Royals +1.5 (+200)
First of all, let’s look at the point spread part of this bet. The Yankees are giving 1.5 points to the Royals. This means that if you place a bet on the Yankees to win, they must win by at least 2 runs. You will lose the bet if the Yankees do not win the game by at least 2 runs.
If you place a bet on the Royals, you will lose the bet only if the Royals lose by two runs or more. If the Royals win outright or if they only lose by one run, your bet will be considered a winner.
At the same time, the sportsbook has incorporated a moneyline. If you wager on the Yankees, you will be asked to risk $1.80 for every $1.00 in potential winnings. If you wager on the Royals, you will be paid $2.00 for every $1.00 you risk betting on them.
MLB Point Spreads
MLB point spreads are pretty rare on the internet. These bets are the same as run lines except they do not include the moneyline element.
MLB totals are basic bets in which the sportsbook chooses a number and then you try to predict whether the combined score of both teams will be over or under that number. If you guess correctly, you will be paid even money (or close to it).
Let’s say the Yankees and Royals are playing a game in a few days. The sportsbook analyzes the game and then sets the total at 10.5 runs. In this bet, you would place a wager on the “over” if you think the combined score of both teams will be 11 points or more. You would place a bet on the “under” if you think the combined score will be 10 points or fewer.
MLB Prop Bets
MLB prop bets are a fun type of baseball betting that involve things other than which team will win the game. A few examples of baseball prop bets include wagers such as which team will score the first run, whether or not there will be home runs within a certain amount of time and so on.
One of the interesting things about MLB props is that they are limited only by the imagination. Over the years, we have seen some pretty wild MLB prop bets. If you want to switch it up to keep things interesting, consider looking into baseball proposition bets.
MLB futures are bets that take longer than most before they are resolved. These bets involve topics such as which team will win a championship or which player will have the most home runs this year. MLB futures typically involve many potential outcomes. They are difficult to win but they often promise large payouts for wining bets.