Ray Liotta’s disembodied voice once told Kevin Costner, “If you build it, they will come.” At Odds Shark, we say, “If you bet it, you could win.” From spring training to the World Series, you have betting options that could get you some major coin, maybe even that A-Rod money.
We’ll show you how to bet MLB games, and how to bet on baseball in general, so you can become the Hank Aaron of MLB wagering.
See Odds Shark’s Best MLB Sites
Whether you are an experienced bettor or just a casual fan looking to learn how to bet on MLB, baseball presents some unique betting options. The statistics-heavy nature of the sport allows for experts to analyze trends and give great advice and tips to the casual bettor to help you turn a profit.
How To Read Baseball Odds
If you are learning how to bet on baseball and win, the most important first step is learning how to read MLB odds. In sports betting, whether it’s betting on baseball, hockey, basketball or football, a moneyline bet involves you picking a team to win the game outright. Moneyline odds at your favorite online sportsbook will look something like this:
In this scenario, Boston is the favorite and Chicago is the underdog. Faves are always shown with the minus sign (-) and dogs with the plus sign (+). Another thing to note is the odds style.
We use American odds but you have the option to choose Decimal (1.20) or Fractional (1/5) odds. Usually, sports bettors in Europe and Australia use decimals, those in the United Kingdom like fractions, and people in the Americas gravitate toward their namesake odds.
If you were going to bet $100 on the Red Sox, you’d get a payout of $150 – your original money is returned along with your winnings of $50. Conversely, if you were going to gamble on the White Sox, you’d get $270 – your $100 comes back coupled with your loot of $170. To see how much you’d win based on the odds and amount bet, check out our Odds Calculator.
Runline Betting: Covering The Spread (Sort Of)
To start developing your baseball betting strategy, the runline is Major League Baseball’s version of the point spread. Before the game, one team is given the advantage of 1.5 runs to create a more even betting field. The reason the number of runs scored is always set at 1.5 is because baseball is generally a low-scoring sport. Odds will look like this:
For the Giants to cover the runline, they would need to win by two or more runs. For the Dodgers to cover, they would need to win the game outright or not lose by more than one run. For bettors just learning the best way to bet on baseball, a moneyline bet is often the safest way to ease yourself into the wagering scene, but a runline bet allows you to get more specific with your bets.
First Five Innings: Betting On The Top Half Of The Game
During the regular season, especially in April and May, it can take teams time to find their groove. Young players get called up, new managers learn the ropes, seasoned vets can have slow starts, and starting pitchers don’t deliver more than three quality innings, all of which can have a dangerous effect on the final score and your betting strategy. This is where first five innings betting comes in.
Generally called F5 bets on betting sites, this is like a moneyline bet except you’re only betting on the first five innings of a game. To make this wager, you’ll only need to handicap starting pitchers and look into how they perform for five innings. There’s less risk with F5 bets since you don’t have to take the entire pitching staff into consideration, just the starters.
MLB Totals: Betting On The Combined Score
Let’s pretend the New York Yankees are playing the Toronto Blue Jays. Totals odds would appear like so:
Your job as a baseball bettor is to determine whether the combined runs from both teams will be more or less than the oddsmaker’s set number. If you think it’ll be 8 or more, you would take the OVER. If you believe it will be 7 or less, you would take the UNDER.
When Sportsbooks set the totals, they consider factors like ballparks and potential weather. Locations like Coors Field (where the ball travels farther) and Wrigley Field (where wind is impactful) are taken into account. A Sportsbook also looks at the strength of both teams’ bats and the weakness of the pitching staffs. In this scenario, if the Jays are hitting everything that comes their way, but the Bronx Bombers’ arms are throwing heat, the totals will reflect that.
Futures Betting: Wagering On Baseball Championships
In March we may not know which teams will win their divisions but we can bet on it. Futures odds are available on pennant races, the World Series and the major baseball awards that you can bet on before the regular season starts and throughout the year.
If you are just learning how to win money betting on baseball, a futures bet will allow you to stay invested with the success of a player or team throughout the season, and also make some big money if you bet on an underdog who shocks the world.
If you think the Washington Nationals are going to have a stellar year, you can bet them to win the National League. If you think the Detroit Tigers have made enough offseason moves to cement an American League championship, you can make a futures bet on them. You can also bet on who will win the Cy Young and on team win totals.
Prop Bets: Strikes, RBIs And Homers
Prop betting allows you to wager on very specific instances, especially during the playoffs. Props are bets on particular player or team milestones that may not directly influence the outcome of the game like:
Parlays: A Bouquet Of Bets
Baseball parlays allow you to bundle your baseball bets. Say that five times fast! You can create a betting slip with more than two bets, potentially netting more money than you would on a single bet.
For those just learning how to bet on MLB, or experimenting with their baseball predictions, a parlay can offer some high-risk, high-reward wagering for those interested in more than one game on any given day. It is important to remember that all your picks must hit, otherwise your parlay ticket is a bust like the Montreal Expos. RIP the best team that should have won the 1994 World Series.
In-Play Odds: Live Betting On Baseball Games
Look for live odds at your online sportsbook of choice to make an in-play bet. Odds will be available for plate appearances, runs, which base a batter will get on, and the number of strikeouts a pitcher will record during any given inning. If a bullpen phenom comes on in the top of the eighth and you think he’ll whiff at least two batters, why not make an in-play bet on him?
What Is The Most Effective Betting Strategy?
As Durham Bulls player Crash Davis (Kevin Costner) once told Nuke LaLoosh (Tim Robbins), “Don’t think. You can only hurt the ball club.” We say do the opposite, think about everything. Or let us do the thinking for you with our MLB betting news and analysis.
Moreover, our baseball pages cover everything from ump stats (the men behind the plate can often determine how a game will go), free picks (for those days when you don’t know who/what/where/when to bet), pitchers (who gets run support and who doesn’t) and money standings (each team has a betting value).
We also have offensive and defensive stats, a consensus page (so you can see which side of a matchup the public is heavily betting on) and betting trends.
Betting Against The Public
The public tends to bet on popular teams, favorites, home teams or those with superstar athletes, but the public can be easily misled by the media and is typically wrong more often than not.
The more excited and loaded up the public is on one side of a game, the more likely it is that the “smart” wager is taking the opposite side of the book and fading the public instead.
Want More Baseball Betting Tips?
How To Bet On MLB Games FAQ
How Do You Bet On MLB Games?
There’s a number of ways you can bet on MLB games. 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 (strikeouts, 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).
Can I Legally Bet On MLB Games Online?
Yes, you can legally bet on MLB games online, however it really boils down to where you live and what laws have been set in your particular place of residence. There are many areas that have already legalized online sports betting, while in other locations you need to make bets at your local sportsbook.
What Are Some Useful Tips Before Betting On MLB Games?
Before you go betting on MLB games, some useful tips to consider would be the more that you bet on Major League Baseball games, the more your profit will increase (9.5 times higher than betting on NFL games). And keep an eye on divisional rivals as they play each other frequently, and are more familiar with each other’s tendencies.