Baseball has long been a fan-favorite in many countries located all over the world, so it should come as no surprise that finding a reliable and trustworthy site that would allow you to wager on your favorite teams is fairly easy, particularly when it comes to American leagues.
In fact, even the European sportsbooks tend to offer a wide range of betting opportunities and wager types, which can range from basic money lines and props to multi-selection combination bets. As a result, many veteran bettors prefer to compare the odds between the most popular sites in order to get the highest return on their investment.
However, in order to utilize this tactic to its fullest potential, you’ll first have to learn how each popular wager type actually works.
Betting the Money Line
Betting the money line is very easy and intuitive, as the basic idea behind this type of wager is to guess which team will win the match outright. Most bookmakers will set the lines for evenly matched teams at -110, so you’ll be able to win $100 by wagering $110 on either side. On the other hand, if a line is set at +110, you’ll have a chance to win $110 by risking $100. For example:
Boston Red Sox -110
New York Yankees +120
If you see a lines set up in this manner, it means that the Boston Red Sox are the favorite, while New York Yankees are the underdog. Consequently, if you wager $110 on the Red Sox, you’ll have a chance to win $100. Conversely, should you wager $100 on the Yankees, you’ll have a shot at winning $120, but the risk will be significantly higher. All in all, knowing when to bet the underdog is the difference between an average bettor and a successful handicapper.
Betting the Run Line
Run line wagers are a great alternative to betting the money line, particularly if you already have some experience when it comes to wagering against the spread in other sports. When you bet the run line, you’ll usually have to choose between placing your money on the favorite at -1.5 or betting the underdog at +1.5. This simply means that a run line bet on the favorite collects whenever your team wins by two runs or more. Conversely, collecting on a +1.5 wager requires the underdogs to win outright or lose by no more than one run. Keep in mind that many sportsbooks offer non-standard spreads, which can even go up to 3.5.
Boston Red Sox +2.5 -110
New York Yankees -2.5 -110
In this example, you’d be required to wager $110 for a shot at winning $100 regardless of the side you pick. However, winning a bet on the Red Sox would require the team to win by three runs or more, while collecting on a wager placed on the Yankees would be possible even if the lost by two runs.
If you’d like to take a break from all the money lines and run lines, over/under bets would be an excellent choice, as you won’t be required to predict the winner of the match. Instead, your goal is to guess whether the combined score of both teams will be higher or lower than the total set by the sportsbook. In baseball, the totals tend to range from 6 and 11 and are often determined by the offensive skills of both teams. If a total is set at 7, betting the over will allow you to collect if the combined score of both teams is equal to 8 or more, while betting the under will result in a payout if the number of runs scored by both sides doesn’t exceed 6. Please note that most sites won’t honor over/under wagers unless there is no rainout and the game goes the full nine innings – if the match has to stop, your bet will be cancelled and you’ll receive a refund.
Parlay bets are more complicated than the wagers described above, as they allow you to combine two or more money lines, totals or run lines into a single ticket. What makes a parlay different from placing each of those bets separately is the fact that you won’t be able to collect unless you win all of your selections. This means that parlays are very risky, but this inherent risk is compensated by increased payouts – in fact, many bettors like to exploit wagers of this kind by parlaying heavy favorites, which allows them to maximize their profits despite the low odds surefire winners tend to get.
Prop bets or proposition bets are simply “gimmick” wagers that don’t fall into any of the popular categories that we’ve listed above. Bets of this kind allow you to wager on individual players and team statistics, such as the number of hits scored by the batter, the total amount of runs or even the number of strikeouts for a specific pitcher.