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How to bet on Major League Baseball and how to read the odds?
There are few ways to bet on a baseball game.
The most popular is the money line bet. When betting the money line, you’ll simply have to choose the team you think will win the game. Although it’s a 50/50 proposition, you’ll need to pay more if betting the team that is favored. On the flip side, you’ll be paid more, if you bet the underdog and it wins. Keep in mind, the bottom team is always the home team. An example of this is:
Detroit Tigers +115
New York Yankees -130
Using $100 as our bet; if you bet the New York Yankees and they win, you will win $100. If you bet the Yankees and lose, you will need to pay $130.
If you bet the Detroit Tigers and they win, you will be paid, $115. If the Tigers lose, you lose $100.
Another way to bet is the run line. This is a far less popular bet than the money line. Normally the run line, features a spread of 1.5 runs on both teams, although it could be higher in the case of a large mismatch. This, however is rare. With the runs line you can take or give 1.5 runs. The favored team will be minus 1.5 runs, while the underdog with be plus 1.5 runs. You will have to play more to take the runs. For example:
Detroit Tigers +1.5 -130
New York Yankees -1.5 +125
Using our $100 as our bet; A wager on the Yankees would win you $125, a $25 profit. However, the Yankees must win the game by 2 or more runs. If you take the Tigers and they win outright or lose by fewer than 2 runs you will win $100. If the Tigers don’t cover, you would lose $130.
You can also bet the total also known as the over/under. This is the total runs scored by both teams combined. For example, if the total is 7.5 runs, to win the over the teams must score 8 or more runs. To win the under, the teams must combine for less than 7 runs.
Here is an example of what the bet will look like:
Detroit Tigers +115
New York Yankees -130 T: 7.5
The T:7.5 means the total is 7.5 runs combined.