Using Major League Baseball Odds to Your Advantage The great part about the ML is that when you bet on underdogs, you can decrease the percentage of games you need to pick correctly to show a profit. For example, if you wager on 100 games with an average line of (-130), you would need to score on 58% (58 of 100) of your bets just to turn a profit, betting $100 per game.
Betting the moneyline on Major League Baseball is simply betting on the straight up winner of the game. There is no run line, there is no point spread. If you think the Dodgers are going to beat the Padres, you bet on the Dodgers to win the game outright.
Run line wagering is baseball’s version of spread betting. Spread betting is a popular form of football betting and gives you a number the team is expected to win by. For example, a football game may have a spread of 6.5, where the New York Jets are the favorite and the Tennessee Titans are the underdog.
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. In this case it is Philadelphia ML (Moneyline) -115 odds.
When betting on baseball, you’ll be faced with three standard options: the moneyline, over/under and run line. The run line is a bet on the margin of victory, like a point spread. But because baseball is low scoring, the spread will almost always be -1.5 for the favorite and +1.5 for the underdog. The payouts for each will just be adjusted based on each team’s strength.
First it is important to understand that with MLB Run Line Betting you will be choosing sides ...
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. The number signifies how much is to be added or subtracted from that teams’ run total at the conclusion of the game.
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 ...