Baseball Betting Explained. Moneyline means you are betting who will win the baseball game Straight Up (SU) without a point spread. The team that wins the game wins the wager. The team with the negative sign (i.e. Philadelphia -115) is usually the favorite. In the example above the team with the larger negative amount is the favourite.
The run line in baseball betting is the equivalent to a point spread in other sports wagering. The run line is always set at –1.5 or +1.5. Example: A’s +1.5 (-130) Red Sox –1.5 (+110) In the above example, the Red Sox are a 1.5-point favorite, while the A’s are considered a 1.5-point underdog.
How much that bet will payout though, depends on the odds the sportsbook gives you, which is where it gets tricky. Odds can be positive or negative. Negative odds indicate the favorite and positive odds indicate the underdog. Bookmakers adjust baseball betting odds so they can make sure they profit off any bet and stay in business. Part of gambling is understanding that books are in it for the profit.
When wagering on Major League Baseball, you can bet on the moneyline (who will win), the runline (point spread), totals (combined score), futures, player and team props (strikes, RBIs and home runs), parlays, and you can bet live (in-play). You can even bet on the top half of a baseball game (first five innings).
The astute bettor will notice right away that the probability on each side of an MLB game does not add up to 100%. This is because there is a built-in vig or edge for the bookmaker that helps them make their money. To get the true probability for each side of a game, you need to remove that edge.
The odds for favorites have a minus (-) sign, which shows the amount you need to stake to win $100. The odds for underdogs are affixed with a positive (+) sign, indicating the amount you can win for every $100 you stake. Given the example above, you have to bet $100 on Syracuse to make a potential win of $575.
NCAA brackets and NFL point spreads are easy to understand, even for the casual investor. But baseball betting—like betting for hockey, NASCAR, and tennis, among other sports—is a bit more ...
The basics of how betting works are really quite simple. Two or more parties agree a bet on whether something will or won’t happen. Something of value is wagered, usually money, and there are typically odds involved. Whoever is correct wins the bet and the other party or parties must pay out accordingly.