Baseball may be America’s past time but not for betting baseball is actually well behind basketball and football when it comes to wagering. In this article we’ll take a look at the basics of baseball betting and it works.
There are 3 bet types used when betting baseball. There’s the money line which is the most common way to bet baseball then there’s the runline which is a spread type bet and finally there’s the total also know as the over/under.
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The money line is the most common bet type used in baseball and it’s very simple. All your doing is betting which team will win or lose outright it doesn’t matter if they win by 1 run or 10 runs. An example of a money line bet in baseball would be.
Boston Red Sox +150
New York Yankees -160
In this example the Red Sox are the underdog and if you were to bet them you would wager $100 to win $150. You can bet any amount you want it could be $10 to win $15 or $200 to win $300 it doesn’t matter we’re just using $100 wager amounts because it makes things easier to explain. Anyway if the Red Sox win the game you win the bet and $150 and if the Red Sox lose the game you lose the $100 you wagered. If you bet the Yankees you would risk $160 to win $100 and if the Yankees win the game you win $100 and if the Yankees lose you lose your $160.
The second way to bet baseball is the runline and the runline is a 1.5 run spread so you would be betting and a team to win by more then 1.5 runs or lose by less then 1.5 runs. We’ll take a look at an example below of a runline.
Boston Red Sox +1.5 +100
New York Yankees -1.5 -110
So now with the runline if you wanted to bet the Red Sox you would risk $100 to win just $100 and if the Red Sox win the game you would win your bet but you would also win your bet if the Red Sox lost by just 1 run. If the Yankees win 5-4 and you had the Red Sox +1.5 on the runline you still win your bet even though the Red Sox lost the game. Now if you wanted to bet the New York Yankees to win you would wager $110 to win $100 and in order to win your bet the Yankees would have to win by more then 1.5 runs so essentially they would have to win by 2 runs or more for you to win your bet. If the Yankees win by just 1 run it doesn’t matter you would still lose your bet.
The runline is usually used to reduce the odds when betting a heavy favorite. So say the Yankees were -160 on the money line and you didn’t want to risk $160 to win $100 you could take them on the runline instead and only have to risk just $110 to win $100. This sounds great and all but be careful betting a lot of favorites on the runline because in baseball underdogs win a lot more often then sports like basketball or football and even when favorites win it might only be by 1 run.
The last way to bet baseball is the total also know as the over/under. When betting the total your betting on if the number of runs scored in the game will be over or under a set number. Lets take a look at betting the total in baseball.
Boston Red Sox o8.5 -110
New York Yankees u8.5 -110
The first thing you’ll notice is that there is a o8.5 after the Red Sox and a u8.5 after the Yankees. The o stands for over and the u stands for under which makes “total” sense. It doesn’t matter that the over 8.5 is next to the Red Sox and the under 8.5 is next to the Yankees that’s just the way the odds are shown for totals your still betting on of the total number of runs scored in the game by both teams will be over or under 8.5 runs. If you bet the over you would rick $110 to win $100 and to win your bet the Red Sox and Yankees would have to combine to score over 8.5 runs. If the game ended up 5-4 for the Yankees or 5-4 for the Red Sox or 100-1 for someone you would win it doesn’t matter who wins or by how much it just matters on if there’s more then 8.5 runs scored in the game. If you bet the under you would risk $110 to win $100 and to win the bet there would have to be less them 8.5 runs scored in the game.
(When betting totals the game has to go 9 innings if the game is shortened due to weather your bet would be refunded)