How To Bet on MLB Baseball
During the summer months baseball takes center stage, offering sports bettors a variety of unique wagering opportunities. A successful MLB betting strategy takes into account the performance of starting pitchers and bullpens, team home/away records and head-to-head records, and what to expect from each team's offense.
And baseball lines are available daily, allowing both novice and hardcore sports betting fans to get in on the action with moneylines, totals, runlines, and futures.
BETTING THE MLB MONEYLINE
Betting on the moneyline in a baseball game is as simple as picking an outright winner. However, there's a price attached to wagering on a moneyline favorite, which will always pay less than a winning bet on an underdog.
For example, let's say the New York Yankees are hosting the Boston Red Sox:
New York -200
The above game line means a bet on the favored Yankees costs $200 to win $100. Conversely, a Red Sox victory would win $170 with just a $100 wager.
With even the best teams typically losing about 40% of their regular season games, regularly siding with big favorites can be a risky proposition for novice sports betting fans.
Handicapping small favorites and underdogs, particularly home underdogs, while watching out for good pitchers on bad teams, can go a long way in helping you steadily build your bankroll.
BETTING MLB TOTALS
MLB totals betting allows you to wager on the total number of runs that will be scored by both teams in a game. Oddsmakers establish a betting line representing the total number of runs, with the sports bettor wagering either OVER or UNDER that number.
Moneyline odds can also be attached to the line, as such:
Boston 8.5o -130
New York 8.5u +110
In the above example, the total is set at 8.5 runs but the OVER is favored, requiring a $130 wager to win $100.
BETTING THE MLB RUNLINE
The MLB runline is a 1.5-run spread on a game, as seen in this example:
Boston +1.5 -140
New York -1.5 +110
While the Yankees may be -200 moneyline favorites to defeat the Red Sox, their odds of winning by 1.5 or more runs could be dramatically longer, and may even make them underdogs, while the Red Sox could lose the game by a run but pay off as a favorite.
BETTING MLB FUTURES
Baseball futures betting is available all year long. During the offseason, the regular season, the pennant races, and the postseason, sports bettors can wager on who will win the next World Series, league pennants, and division titles.
Odds can change daily in MLB futures betting with current performances, injuries, and personnel moves playing key roles in where the sportsbooks set the lines.