With the MLB season in full swing, there is still plenty of time to try your hand on America’s favorite pastime to keep you satisfied until the NFL, NBA and NHL seasons roll around. However, did you know that when it comes to laying down a wager on the Majors, it easily surpasses the NFL in overall bets taken? Keep in mind that is because the longevity of the season and the number of games available at your disposal on any given day as the season runs from the preseason beginning in March up until the Fall Classic the end of October.
Over the next few paragraphs, let’s take a look at the different ways to bet on the MLB and how to understand the terms, whether you are a seasoned pro or new to the sports betting world.
Perhaps the most popular and easiest way to bet on MLB, the moneyline is used by bettors in place of the point spread which is most commonly used in the NFL and NBA since the majority of the Major League Baseball games are low scoring affairs.
When deciding which to team to lay a wager on for the moneyline, keep in mind the team with a negative value such as (-150) is the favorite to win the game. The team with a positive value such as (+160) is the underdog going into the game. As for betting purposes with 100 as our example; if you want to bet the favorite in this case, you must wager $150 (-150) to win $100. Betting the underdog means a $100 wager at +160 will earn you a $160 profit. Simply put, there will always be a higher reward when the underdog wins.
Liken to the NHL with the puckline or the point spread with the moneyline thrown in, teams are given a negative or positive value heading into the game. Taking a better look, the favored team has a negative value of -1.5 meaning they must win the game by at least 2 runs such as 3-1 to give you a winning bet on the runline. The underdog will have a positive value of +1.5 heading in, meaning they are spotted a 1.5 run lead before the game even starts; so even if the underdog team with a runline value of +1.5 losses the game 2-1, you still win the bet by half a run if you pick the underdog with a +1.5 value!
Keep in mind when deciding to play the runline on a team, be aware of the negative (-110) or positive (+160) value on the runline to see what risks or rewards are involved.
OVER/UNDER or TOTALS
An easy way to bet on MLB is to just play the over/under or total runs scored between both teams on the game. In the game of MLB, totals usually range from 6.5 to as high as 12 runs predicted to be scored in a game. With a game that has an over/under (total) of 8.5 runs scored predicted, an OVER bet must see the total runs scored in the game of at least 9, while an UNDER bet must be 8 or fewer runs scored to be a winner.
There is also a moneyline value (vig/juice) given on each the OVER or the UNDER. Example: 7.5 is the over/under of the game; u-115 (UNDER) or o+120 (OVER) will be your risk/reward. U-115 means $115 will be risked for a return of $100, while a $100 bet on o+120 will earn you $120.
The same as to which NFL team will win the Super Bowl, you can also bet what MLB team you think will win the World Series! This wager can be placed at anytime during the baseball season beginning as early as the preseason. Keep in mind the oddsmakers will adjust the odds throughout the course of the season based on the teams performance. Of course, a strong, favored team to win it all will have a lower value than an underachieving underdog team that is a longshot to take home the trophy so it is best to look for a good value when it comes to wagering on a Future bet.
For all the best and most favorable odds on the MLB, WonderPunter offers plenty of sportsbooks to choose from to fulfill your sports betting needs.