There is a lot of money to be made in baseball betting but that’s if you know what you are doing. With each team in Major League Baseball (MLB) playing at least 162 games throughout the regular season, and there being many more baseball leagues out there, there are hundreds of opportunities to make some good sharp bets at online sports betting sites.
The best baseball betting strategy is an analytical one. This means you need to survey baseball betting odds and lines in search for the right opportunity to make a good bet that could make you a lot of money. But to do this, you at least need to what is going on in the league you want to bet on, and how betting overall works.
If you don’t know why a World Series future bet on the New York Yankees may prove to be statistically sound in the 2020 season (especially after the acquisition of Gerrit Cole), then you may need to have baseball betting explained to you.
Lucky for you, Gambling360.com has got the ultimate baseball betting guide. Below we have a look at all you need to know to be successful at the top online baseball betting sites. Some of the areas covered include:
- How baseball betting lines work
- How odds work
- Top baseball betting tips
We also list baseball betting sites with great odds so that you can begin making money as soon as you feel as if you have got the hang of it. So, what are you waiting for?
Baseball Betting Links
- How to Bet on Baseball and Win
- Best Baseball Bets Today
- Baseball Betting Lines Explained
- Understanding Baseball Betting Odds
- Best Baseball Betting Tips
- Baseball Betting Rules
- Baseball Betting Explained – FAQs
Although baseball betting gives you a chance of winning insane amounts of money, the sport does scare off a lot of veteran gamblers. A lot of people are unsure of how run line bets work but if you understand point spreads, you pretty much already know how they work.
However, if you have never bet on baseball before, we have explained all of the most popular betting options available at online sportsbooks.
Run Line Bets
This is a mixture of money line and point spread. In a match, favorites to win are declared as well as an underdog. Lines are displayed like this:
Houston Astros -1.5
Washington Nationals +1.5
The favored team is signified with the negative symbol and the underdog with the positive symbol. The line above means that the Astros need to win the game by more than 1.5 runs. However, a run line bet on the Nationals will payout if the team loses by less than +1.5 runs. So, a bet on the underdog wins even if the team doesn’t win.
Usually, this wagering option that focuses on the margin of victory presents baseball bettors with many money bet opportunities – you really can win big!
Moneyline bets involve predicting which team will win the game outright. This probably the easiest bet to start with if you are looking at betting on MLB games this season.
However, it is important to note that the reason run lines exist is that the payout on the moneyline odds isn’t always that great. In matches where there is a highly favored team, these types of wagers pay very little.
For example, imagine betting on the Yankees in an American League match against the Baltimore Orioles in the 2019 baseball season. Odds would highly favor the Yankees (103-59) due to the Orioles 54-108 season.
Over/Under or Total Bet
In a total bet (also known as an over/under), you wager on the total number of runs scored during the game. Baseball betting over under rules work the same way as on any other sport. A sportsbook sets the total and you bet on whether the total score (teams combined) will come in under or over the prediction.
It is important to note that a total bet combines the runs scored by both teams. So, for example, if a match ends 4-3, the total is 7. An under 8.5 would payout as would an over 6.5.
Prop bets are made on events rather than outcomes. So, for example, you could bet on Mike Trout to hit a homerun in the next Angels game. It doesn’t matter if the Angels win the game; as long as Trout hits a home run, you win.
There are two types of prop bets: standard and exotic. The standard bets are easier to predict and thus win money on. For example, if the Trout has been scoring home runs when the Angels are the home team on a consistent basis, making this bet makes sense.
However, exotic bets are made on events you can’t really attempt to predict. Think about those bets on how long the National Anthem will be at the World Series and so on. You can’t in any way know how long it is going to take somebody to sing a song live to the exact second.
These are bets made on a game that is set to take place a long time in the future. For example, in MLB betting, this could be placing a wager on the Los Angeles Dodgers to win the National League pennant.
These bets earn you a lot of cash because they are very difficult to get right. Continuing with the example, the Dodgers could seem like a shoe-in to take the National League before the season begins.
But then halfway through the season, Walker Buehler and Clayton Kershaw both get injured at the same time and there aren’t ant other solid starting pitchers in the team, so they begin struggling to even make the playoffs.
You can’t predict such scenarios, so it is important to go easy on making futures. These bets also tie up your money for a long period of time.
Reading baseball betting odds isn’t all that hard. Odds can be displayed in three different formats: American (moneyline), decimal and fractional.
At the sportsbooks we recommend, American format is the default but most sites allow you to change the format to another you may feel more comfortable with. We are going to stick to explaining how American odds work here but if you would like to find out about the others please visit our dedicated odds guide.
So, here is an example of a line:
Boston Red Sox -110
Los Angeles Dodgers +112
With American odds, you need to pay attention to the symbol next to the team name. Based on the symbol, you will need to use one of these two formulas:
- Positive – Odds x (Stake/100)
- Negative – (100/Odds) x Stake
In the betting line provided above, gamblers would win $112 for every $100 they bet on the Dodgers. However, they would need to bet $110 to win $100 on the Red Sox. So, odds really aren’t all that hard to understand!
Check out our other baseball betting guides:
Everybody seems to be looking for the best baseball betting model. A lot of people claim to have a great strategy in an effort to get you to but their tips or computer predictions.
We won’t claim to have the best tips but from past experience, the following tidbits have helped us make better wagers.
Focus on Starting Pitchers
A pitcher can make or break a baseball game. So, important is the pitcher that when the Nationals played the Astros in the final game of the 2019 World Series, they administered cortisone to Max Scherzer to relieve pain from a neck injury.
A good pitcher can make life hard for even the best hitters, so always have a look at which a player a team is starting on the mound.
Pay Attention to Home Field Advantage
A lot of people don’t realize how much stadium design actually makes a difference to the outcome of the game. For example, the Colorado Rockies’ Coors Field is known to be a great place for hitters. This means if the Rockies play a team with exceptionally strong hitters, it could end badly for them.
Before placing a bet, make sure that you analyze where the game is being played and the strengths and weaknesses of both teams.
Weather is Important
Weather can significantly impact the outcome of a baseball game. In hotter climates, it is easier for hitters to get runs. However, if cooler temperatures with bursts of wind, pitchers enjoy greater success.
Some teams also have a penchant of performing better in certain conditions than others. So, take a look at these trends as well.
It is important to know that baseball betting pretty much follows the same rules as bets on other sports with a few minor changes that you need to take note of, including:
- If a wager has a listed pitcher, the bet will only count if the listed pitchers for both teams start the game. To avoid this issue, make action bets – bets without a listed pitcher.
- Extra innings usually count towards run lines and totals.
- If you place a first five innings bet, the full first five innings need to be completed in the game for the bet to count.
Yes, you can bet on baseball. The MLB is one of the most bet on sports leagues in the world.
You can bet on baseball at the following sites:
8. GT Bets
Baseball odds indicate whether a team is favored to win or not. In American odds system, a favorite is usually marked with a minus symbol whereas an underdog is marked with a plus symbol.
You win a baseball bet by betting on the correct outcome. To predict the correct outcome, you need research the bet you want to make thoroughly.
You can bet baseball parlays by stringing individual bets together into one larger bet. Most sports betting sites allow you to do this easily by simply selecting multiple bets.
Run line is simply another name for point spread. Points in baseball are called runs.
This would be an example of a run line where one team is expected to win by more than 1.5 lines.
A reverse line is a bet on the underdog team to win the game by either one run or more.
Yes, it is hard to bet on baseball but once you get the knack of it, creating a successful baseball betting model is easy.
Check out our other sports betting guides: