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Sunday, November 23, 2008
Understanding Baseball Betting
Surprisingly MLB baseball betting is not at the forefront of sports betting. Those honors go to football and basketball. Why is this? Part of the reason could be due to the fact that sports bettors by in large are used to playing with spreads. MLB baseball betting doesn't make use of spreads for side betting—expect in the case of the run line. Today, we are going to cruise over the basics of betting on a MLB baseball game.
We will address three main components—Betting on a side, betting on a side with the run line and the over/under line. Betting on a Side For those that don't know, betting on a "side" simply means picking a team to win.
When you wager on MLB baseball, you are betting on the money line and not using a spread—unless you bet on the run line, which will be talked about in a moment. Here's a typical example of a betting opportunity in MLB baseball. Seattle Mariners +110 New York Yankees -120 In the above example, you can pick either the Mariners or the Yankees. The team on the bottom is the home team. If you want to bet on the Yankees, you will need to lay $1.20 for every $1.00 you want to win.
For instance, if you placed a $10 bet on the Yankees and they won, you would get back your $10 plus 8.33 in winnings. On the other hand, you could take the Mariners and get back $1.10 for every $1 wagered. If you wagered $10 on the Mariners and they won, you would get back your $10 plus $11. Either way you play it, the team simply needs to win. Betting on the Run Line
When you wager on the run line, you are either getting or laying 1.5 runs. The run line allows you to change the money figures. For instance, maybe there's a heavy favorite you like, but there's no way you are betting them at -200. You could bet the run line instead and knock that -200 down considerably. Betting on the Over/Under The over/under line is also called a "total" or "totals line."
When you make this wager, you are betting on the combined score of both teams. It's pretty simple. If the line is 8 and you bet the over, you need both teams to combine for 8 or more runs to win (the exact number, 8 in this case, would be a tie and you get your money back). If you bet the under, you need them to score less than the number. Betting on MLB baseball is not only fun, it's profitable too. You now know the basics of how baseball betting works.
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