Sports Betting Adds Fun to America’s Favorite Past Time
Whether you’re a die hard baseball fan looking to add another layer to your experience …
Or, you’re completely bored by baseball and you desperately need something to make it interesting.
We guarantee that placing a sports bet on your best baseball game will take your interest up a notch.
Bet on Who Will Win the Game
Sportsbooks will assign odds for a moneyline bet on each and every MLB game. It’s a simple bet: pick who you think will win the game.
Each team will have posted odds with either a plus “+” or a minus “-” sign followed by a large whole number (these are American odds).
The +/- tells you how to read the bet.
- – = in order to win $100 you have to bet #
- + = betting $100 wins you #
Let’s look at an example where we have Chicago Cubs -140 and Pittsburgh Pirates +130:
If the Chicago cubs have a moneyline of -140 we read that as, “in order to win $100 you have to bet $140.”
And with the Pittsburgh Pirates at +130 we read that as, “betting $100 wins you $130.”
What Baseball Odds Imply
You probably instinctively like the sound of “betting $100 wins you $130” better than “in order to win $100 you have to bet $140.” And you should.
It’s feels better to put down less and win more.
And in this example, that’s exactly what the oddsmakers want you to feel.
In general, the favored teams (in this example, the Chicago Cubs) will have less appealing betting odds. And the underdogs (the Pittsburgh Pirates here) will look more appealing to a bettor.
There are other reasons why oddsmakers shade the line, but in general sportsbooks make the stronger team less fun to bet on in order to encourage bettors to make the riskier choice and bet on the underdog.
The Odds Are a Ratio
Also know that the odds are ratios. You don’t have to put down $100. Rather you could bet $10 and win $110.
Or, you could bet $50 and win $550.
Bet on Who Will Win the Game
At the end of the baseball game you add both teams’ final score and that is the total. Before the game you can make a prediction about how large (or small) that total will be.
For example, the total for the Chicago Cubs vs. Pittsburgh Pirates is eight. As a bettor, you then decide if you think the two teams will together score more than eight runs.
If you choose over and they score nine or more runs, you are a winner. Similarly, you win if you choose under and they score seven or fewer runs.
Fun fact: if the teams score a combined total of eight runs, you have a push (or a tie) and you receive your betting stake back.
If you like to think bigger picture, you can bet on which team will win each division and conference. And you can select who you think will win it all in the World Series.
Futures odds post similar to individual game odds. With a +/- followed by a large whole number.
Odds will update throughout the season, but you lock in the odds at the time of your bet.
So, if you bet on an unlikely team before the season begins (taking odds at +2000, for example) and they become obviously hot as the MLB season marches on (with odds now at +400), you keep that +2000 as your bet.
A bet on the NY Mets at +2000 would read, “betting $100 wins you $2000.” That’s a pretty great bet!
You can see from futures odds what oddsmakers believe is likely to happen.
For example, when we look at the odds to win the AL West, we see Houston -110 and Oakland +2500.
A bet on Oakland at +2500 would read, “betting $100 wins you $2500.” Pretty sweet.
Conversely, a bet on Houston -110 reads, “in order to win $100 you have to bet $110.” Womp womp.
These odds let us know that oddsmakers think Houston is likely to win the AL West and Oakland is incredibly unlikely to win. However, they’d like to get more bettors to take a risk on Oakland and have, thus, made it a more appealing bet.
Prop Bets in Baseball
You can get some fun prop bets in America’s favorite past time. As a reminder, prop bets are bets with defined outcomes, such as yes or no. Did the event happen?
Here are some fun recent baseball prop bets:
- Will [name a hitter] have more than 23 home runs?
- Who will win the AL [or NL] Cy Young?
- [In a specific game] who will score the first run?