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.
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).
Sports betting is a large market with multiple segments – and baseball is just one of them. With baseball betting, fans bet on an upcoming game. This game can be related to a local team or an international event. The bet is usually placed quite a while before the actual game is done.
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.
Run Line Betting in baseball almost mimics NFL Spread Betting exactly, which is the most popular type of football betting. The line for baseball run lines is 1.5. With a 1.5 run line you will be able to place a wager on the favored team to win by 2 runs or more, or the underdog team to lose by 1 run or to win 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 ...
It would cost you $130 in order to collect a $100 payout on a Dodgers victory (plus the original wager of $130). But if you bet $100 on the Cubs, you'd collect $120 if they win (plus the original wager). In other words, you'll have to wager more money on Los Angeles than you would Chicago in order collect $100 on a bet.