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How to Bet on Major League Baseball
The point spread, moneyline and total bets are the most used types of MLB lines, but this is just the beginning. Two other options are parlay and prop betting. Wagering on MLB is very exciting because it offers a range of options that only baseball can offer, from the interesting matchups between pitchers and batters, with plenty of wagering options with so many games during the season.
The bettor might feel overwhelmed at the beginning, but that’s why we are here. Stay with us and find a short description of every MLB line and betting types. As soon as you are done with our brief introduction into the exciting world of MLB betting, you can start winning money while enjoying the games.
MLB Spread Betting
This bet is also known as the run line, MLB point spread betting gained popularity between bettors in the MLB betting world. First oddsmakers must choose which team will be favored, and then you can set your point spread bet. Following this they will assign a number of runs against the favorite, which must be covered by the oddsmakers.
In order to win the bet, your favorite must not only win the game, but also score more runs than the amount set by the oddsmakers, this is also known as covering the spread. But if you choose to bet on the underdog, the team can’t lose by more than the number of runs assigned or defeat the favorite outright.
MLB Moneyline Betting
Because it is so simple, this bet is very famous in all major team sports, you just have to bet on one event. In order to make this bet, all you need to do is pick the team you think will win the game, and decide if you want the pitching matchup to influence your wager. The lines of each team will be set by the oddsmakers. The favorites will be represented by lower odds, and the underdogs by higher odds
MLB Totals Betting
This bet is also known as over/under, and it’s another famous bet among bettors in the MLB. With this type of bet, it’s not important which team wins the game. The point here is the total amount of runs scored by both teams together in an MLB game. A total number will be set by oddsmakers for any given MLB game. Bettors will either wager the teams combine will score more runs (over) or less runs (under) than the number set by the oddsmakers.
MLB Parlay Betting
The MLB Parlay Betting is famous between bettors aiming to get the most bang for their wagering buck. It usually offers a bigger payout than the straight bet, but remember a bigger reward comes with a bigger risk. Bettors must choose two to twelve games to bet on. To win the whole parlay wager, all of the individual choices of the parlay must win.
This bet usually offers bettors a bigger payout than individual bets, because of the risk that comes with a parlay bet.
In this type of wager you can bet on the moneyline, point spread/run line, total or a combination of each bet.
MLB Prop Betting
This type of bet is famous between beginners and advanced bettors as well. Props betting might be fun and also challenging at the same time. This wager has no direct link with the result or the final score of a single MLB game.
It usually comes in the form of player or team prop bets, but for example when it comes to the All Star game, bettors will experience fun props on the winner of the Home Run Derby and the game’s MVP Award.