Major League Baseball (MLB) is a professional baseball organization and one of the oldest sports leagues in the United States and Canada. Founded in 1903, it currently has 30 teams, including 29 in the United States and one in Canada. MLB, the top league in baseball betting, takes center stage in the American sports landscape from spring through summer until it all culminates with the Fall Classic, the World Series. The grueling 162-game season means almost every night offers the chance to bet online.
In this article, our experts will tell you everything you need to know about sports betting and MLB games. You’ll learn how to read MLB odds, the different types of bets available, and top tips for winning.
Understanding MLB Betting Lines and Odds
Stakes at MLB betting sites are based on positive and negative numbers and indicate how much money a bettor must wager to win $100 or how much a $100 bet would win. Negative numbers indicate how much you need to bet to win $100. For example, if Boston has a spread of -140, that means you need to bet $140 to win $100.
Positive numbers indicate how much you would win with a $100 bet. So if Baltimore has a spread of +160, that would mean a $160 win on a $100 bet. To find out how much you would win with a different amount of bets, you just need to increase the number proportionally. So a $1 bet at -140 would return $1.40.
ON THE SAME SUBJECT :
Bet the totals (Over/Under betting) involves betting how many runs will be scored in a single game by both teams combined. If Boston and Baltimore are playing with an O/U game at 8.0, you bet whether or not the teams will score 8.0 points combined, with the possibility of doubling your stake if you have won the bet.
Long term bets, also called Future bets, involve goals throughout the season for teams and players. These can be bets on whether a team will win the World Series, American League or National League titles.
Bets can also be made to determine if players will win the MVP award or the Cy Young award given to each league’s top pitcher. Bettors can also bet on whether or not players will win the Golden Glove Trophies for Highest Ranking by Position, the Silver Slugger Awards for Highest Offensive Player by Position, and the player to score the most home runs. The odds for these targets change almost daily, so timing is everything when placing bets.
Top tips for betting on MLB
- Pay attention to MLB sports betting trends : While we don’t suggest that you always follow what the public is saying, sometimes this information can open up new insights for a game you want to bet on.
- Focus on a few teams : There are 30 teams in MLB and more than 2,430 games played each season. It would be silly to think that you could learn the ins and outs of each team. Instead, choose a few and learn everything you need to make good bets.