The easiest way to conceptualize how pricing on moneylines works is to think in terms of $100 bets. The favorite is always represented with a negative price (just like the favorite in point spread sports), while the underdog is represented with a positive number. With every moneyline, there is a favorite and an underdog (unless the odds are even, which typically means both teams are listed at -110 money line odds).
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The catch is that oddsmakers adjust the price of each team based on the estimated probability that team has to win the game. To win a money line bet, you need to pick the correct team to win the game outright. The moneyline is the simplest form of baseball betting, which also makes it the most popular. Let’s look at what each bet type entails and explore which is the better option. Both options can present some unique opportunities. The other option is to bet what is called the runline. The first, and most common, is the moneyline. For example, a parlay with five legs (or bets) will pay more than a parlay with three legs.When it comes to betting on baseball you have two primary options for betting sides. Each additional leg in a parlay increases the payout according to the bet’s individual line. If all three bets win, the parlay will earn a larger payout than if all three bets were placed separately. If any of these bets do not hit, then no money is paid out. Let us assume a Mets money line at +170, Yankees run line at -130, and Cubs money line at +150 with a $100 wager. These bets have much higher payouts than regular, or straight, bets, but the risk is also multiplied. For example, bettors can parlay the Mets winning and the under, or they can also bet on the Mets moneyline while also betting on the Yankees run line and the Cubs moneyline. These bets can be almost any combination of bets within a game. Each bet within a parlay is known as a “leg.” If even a single leg of a parlay loses, the entire parlay loses as well.
To win a parlay, every bet on the ticket must win. Many books will put limits on these prop bets as they are not meant to be as lucrative but are rather placed as side bets.Ī parlay is the term used when two or more bets are placed together on the same ticket. Another example of a prop bet in baseball would be betting on if a run is scored in the first inning or how many runs are scored on the first home run. If deGrom strikes out more than 7, the over hits, and if deGrom strikes out less than 8, the under hits. The lines for these bets will generally be pretty even in the -150 to +150 range. Back to our NYM-MIA example, assume Jacob deGrom is on the mound for the Mets with a strikeout over/under of 7.5.
Baseball moneyline series#
Prop bets like these are especially popular during big games like the World Series and Opening Day.ĭay-to-day prop bets are much less obscure and more game-focused. These prop bets can be placed on player statistics or based on other factors of the game. Some people might even take an over/under on the length of the National Anthem. Prop bets are some of the most fun yet risky wagers a bettor can place on the MLB. This spread changes the odds because baseball is often a close game decided by very few runs. Using the continuing example, the Mets may become +150 underdogs with a -1.5 line, while the Marlins become -130 favorites with the opposite line of +1.5. The odds of the game can change due to the run line. If the Marlins lose 6-4, they have not covered the run line, as they have lost by two or more runs. If the Mets win 6-4, they have covered the run line as they have won by two or more runs. The same goes for the Marlins if they lose 5-4, they have covered the run line because they lost by less than two.
If the Mets win 5-4, they have not covered the run line, as they have not won by two or more runs. Let us say that the Mets get -1.5 runs and the Marlins get +1.5 runs from the example above. If a team is -1.5, they are expected to win by two or more. If a team is +1.5, they are expected to lose by one or win outright. The spread is basically the number of runs a team is expected to win or lose by. The line is typically 1.5 runs but can be anything, especially with live betting. This line, or spread as it is called in other sports, evens out or flips the odds. Since games between uneven teams might have odds at extremes, most sportsbooks also offer a run line for bettors to consider.
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