how to play Baseball sports betting

how to play Baseball sports betting

Sports Betting

To bet on baseball, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

If your team wins the game, you win. The payout varies according to the odds posted. Baseball odds are shown using a “Money Line.”

The Money Line: Odds for a game based on $1. A “minus” (-) preceding the number indicates the team is a favorite. A “plus” (+) preceding the number indicates the team is an underdog.

Example:

  • Pitcher listed is starting pitcher

 

Bet Num. Team Pitcher Odds Total Money line
for total
301 Dodgers Brown +110 7.5 Over -110
302 Braves Maddux -120 Under -110

 

Note: The bottom team is always listed as the home team unless otherwise noted.

The Braves’ odds are -120, meaning a $12 bet would win $10, for a return of $22. The Dodgers’ odds are +110, meaning a $10 bet would win $11, for a return of $21.

 

On Today’s Line we use a different format, the idea is the same. You will not find the odds for the Underdog. The Underdog’s odds are based on what the casino has for its line. Most use a “Dime Line” or something close to that.

You have just seen an example of a dime line.
Braves -120
Dodgers +110

A 20-cent line would be this.
Braves -130
Dodgers +110

Here are two more examples of a dime line and a 20-cent line. See whether you can tell them apart.

Braves -105
Dodgers -105

Braves -120
Dodgers Even

You can arrive at the underdog’s price by looking at the favorite’s line. Dime lines are slowly disappearing as sports books look to make a larger profit during what is traditionally the slowest betting season. Several books still offer dime lines.

Money lines change constantly. The listed money line the time you make your bet may be different from the money line when the game starts. The listed line on your ticket is your official odds, unless starting pitcher is changed. This is explained later.

Total: Total runs scored in a game. Also called the over/under.

You may wager that the total score of the game will be more or less than the number listed. It makes no difference which team wins. Simply add the final scores of each team. The payout, unless stated otherwise, is figured at odds of 10/11. (-110)

Note: When betting a total, these rules apply:
(a) The game must go nine innings, or 8 1/2 innings if the home team wins.
(b) Both listed pitchers must start the game.
If either doesn’t happen, the bet is refunded.

All runs scored in extra innings count in over/under bets.

Baseball Run Lines

The run line: a point spread of 1 1/2 given to a baseball game.

A favorite must win by 2 runs or more, or the underdog must either:
(a) Win the game.
(b) Must lose by only one run.
The payout varies according to the money line odds assigned to each outcome.

Example:

 

Bet Num. Team Pitcher Money Line Total Money Line
for totals
Run Line Money Line
for run line
301 Dodgers Brown +110 7.5 Ov -110 +1.5 -180
302 Braves Maddux -120 Un -110 -1.5 +160

 

The Braves must win by 2 runs; a $10 bet would win $16, and return $26. The Dodgers must not lose by 2 runs; an $18 bet would win $10, and return $28.

Note: Same rules apply to run line bets as totals.
(a) The game must go nine innings, or 8 1/2 innings if the home team wins.
(b) Both listed pitchers must start the game.
If either doesn’t happen, the bet is refunded.

Baseball Parlays

You may combine several teams into one wager. All teams must win to win the bet.

Baseball parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game, and so-forth.

If a game is postponed for any reason, the parlay reduces by one team. The bet is treated as if the postponed game were never included in the parlay.

Here’s an example of how to figure out a baseball parlay:

 

Amount
wagered
Odds for
Team 1
Odds for
Team 2
Odds for
Team 3
$10 +120 -130 -150
$10 x 2.20 x 1.77 x 1.67 = $65.03

 

Now at VEGAS.com we don’t pretend to be mathematicians and we don’t have a breakdown of multipliers for every bet, but the good news is you don’t have to be either. Simply ask the betting attendant at your favorite sports book what your payout would be before placing the bet.

Listed pitcher(s) option

When making a baseball bet, you are betting team vs. team. You have the option to specify that either or both listed pitchers must start the game.

Since baseball odds are determined on starting pitchers, any late pitching changes often force an adjustment in the odds. This will increase or decrease the payout on a winning ticket. However, if you list starting pitchers, and your pitcher doesn’t start, then the bet is refunded.