Baseball wagers are extremely popular among professional bettors because they offer one of the best ways to make a quick buck. Baseball is one of the easiest sports to handicap. Many games are decided by just a run or two. You don’t have to worry too much about the spread, like you do on football or basketball.
A baseball wager is made by laying or taking money odds. It is based primarily on moneylines, and with its relative simplicity, betting on baseball offers some of the easiest money to be made in the sportsbook. The minus (-) indicates the favorite; the plus (+) indicates the underdog.
If you only see the minus (-) sign on one team, the other team is automatically the underdog.
On money odds whenever there is a minus (-), you lay that amount to win a dollar; where there is a plus (+) you get that amount for every dollar wagered.
You must lay $100 to win $134 or $10 to win $13.4 on the Dodgers. You must lay $144 to win $100 or $14.4 to win $10 on the Phillies.
Placing a baseball wager is a bit different than in other sports. While the payoffs can be just as rewarding, it's vital to understand the different kinds of wagers available.
Moneyline wagering is betting on the contest based on a given price rather than a point spread. The team one has wagered on just has to win the game. On an over/under (totals) wager, the total runs of the game by both teams combined, extra innings included, must fall over or under the side selected.
Moneylines are typically offered on both professional and collegiate games. These wagers are usually accepted in the following manner:
» Action - team against team, regardless of the starting pitcher.
» Listed Pitchers (both specified pitchers) - For wagering purposes, each team's starting pitchers are expressly specified. This is known as "listing". Baseball wagers are accepted based on the listed pitchers. In the event of a pitching change prior to the game, all wagers on a team are considered "No Action". All wagers will be refunded to the bettor's account.
Run Line Wagering is betting on the contest based on a point spread and a moneyline combined. The team wagered on must win by the point spread.
When wagering on total runs or run lines, the game must go the regulation 9 innings or 8.5 innings if the home team is leading, otherwise it will constitute a "No Action" wager and all money will be credited accordingly.
Props (short for propisitions) wagers involve betting on anything that doesn't have to do with the final outcome of a baseball game. Prop wagers include betting on individual or head-to-head player performance, inning scores, team to score first, etc.
Prop wagers also include future wagers, like wich team will win the World Series. Prop wagers are also available for postseason matchups and American League and National League pennant winners.
Parlays, also known as Multiples or Combos, are a very exciting way for the baseball wagerer to win potentially large amounts of cash with comparatively lesser risk than other types of baseball wager methods.
A parlay is a bet of 2 or more teams (selections) or propositions in no particular order. All teams wagered on in a parlay must win. If there is a tie, it reverts down to the next lowest number for payoff. For 2 team parlays, a tie and win becomes a straight bet payout.
MLB games are usually official after 5 innings of play or 4.5 innings if the home team is leading. If a game is subsequently called or suspended, the winner is determined by the score after the last full inning unless the home team ties the score or takes the lead in the bottom half of the inning in which case the winner will be determined by the score at the time the game is called.
Any and all baseball series wagers must usually have all 3 games played by the end of a specified date for the wager to have action. If all 3 games are not played by that specified date, then all wagers are "No Action", regardless if one team has 2 wins. All three games must be official as per the sportsbook rules on what constitutes an official result.
All baseball props must go the full 9 (8½) innings unless otherwise stated. They also must start the listed pitchers.
Now that you know the basics of Baseball Wager, why don't you put your newly-acquired knowledge to the test? Wager on your favorite baseball team now!