The MLB baseball season is finally starting, the boys of summer will begin the marathon that is the baseball season, leading up to the World Series in the fall. So you don’t know anything about sports or baseball in particular, but still feel the need to do a bit of betting? Well, bsaeball happens to be one of the easiest sports to bet on. As opposed to say basketball or football, where there are a myriad of point spreads and other confusing calculations. With baseball betting, all you do is simply place your money on the outcome of a particular game. Also, the baseball season lasts a lot longer than most other sports, which means more games and a better chance to go home with winning some money.
Here Are The Basic For Baseball Betting
One of the biggest differences between baseball and other team sports betting is what is known as the point spread, where baseball uses the money line.
What Is A Point Spread?
A point spread is the most common type of betting that’s offered in basketball or football betting. A Sportsbook will spread the odds of a certain game by subtracting a set number of points from the team that is favored to win. So if one team is favored to win, the underdog team is compensated by adding points to make the game a lot more equal.
What Is The Money Line?
In baseball, the Sportsbook will set the ‘odds’ based strictly on the outcome of the game in question. In order to make the game fair, as there is always a favored team, the bettors are required to risk more money on the favorite team, and risk less money on the underdog. This is whats known as the money line.
Example Of A Money Line
If the “Money Line” is say minus (-170) on the team favored to win, and a plus +150 on the underdog team. Then, if you want to win $100, you would have to place a bet for 170 dollars on the favorite to win that 100 dollars. On the other hand, if you bet $100 dollars on the underdog team and they win, you would then win 150 dollars.
The difference between the minus (-170) and the plus +150 is known as the $0.20, twenty cent line. If the money line was minus (-160) on the favorite and plus +150 on the underdog, that’s known as the ten cent line or dime line.
The Various Sportsbooks Also Offer “Total Bets” & “Run Lines” In Baseball Betting
1) What Is “Total Bets”
These bets are based on the total sum of the runs scored by both teams. As an example, if the sportsbook sets the over/under of the game at 7, the over bet wins if the total of the runs scored by both teams is more than 7, while the under wins if the total is less than 7.
2) What Is The “Run Line”
This bet is based on baseballs variation of the point spread. When you’re betting on the run line, you are betting on whether one of the teams will win by more than one run, which is known as a minus -1.5, or if the game stays within one run, known as plus +1.5.
Although the money line makes baseball betting easier than football or basketball betting, the results of the payoffs calculations, and why they happen are a lot more complicated:
1) In order to calculate the payoff when betting on the favorite team, you add 1 to the favored price, and then divide it by the favored price.
2) To calculate the payoff when betting on the underdog, you should add 1 to the underdog price.