MLB betting offers bettors a nearly unlimited amount of gambling opportunities compared to other professional sports.
It’s can easily be your most profitable sport as an online sports bettor if you put in the time to learn the game.
MLB betting markets are potential treasure troves that many write off during the dog days of summer.
- More betting opportunities than other sports.
- An excellent sport to handicap while other professional sports are not in season.
- Profits can come with a much lower winning percentage due to lots of different prices.
- An ideal sport for those into advanced analytics and betting models.
Today’s online baseball betting sites and markets have significantly grown and options are expanding each season.
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How To Bet On Major League Baseball Online
- Pick Trusted Baseball Gambling Site – Betting with dodgy operators or outright scam sportsbooks is one of the biggest problems people run into when choosing an MLB gambling site. Safest Betting Sites has MLB betting sites reviews to help you choose the right sportsbook.
- Maximizing Sportsbook Bonuses – Baseball season is also an excellent time to cash in on extra bonuses. The majority of MLB betting sites offer players a first deposit bonus. These bonuses can be great bankroll builders.
- Deposit Funds At MLB Betting Site – Baseball betting sites take traditional methods, such as credit and debit cards, bank wires, and sometimes even money orders or paper checks by mail. However, in the past few years, a new option has emerged, cryptocurrencies. At most online sportsbooks, these are free for both deposits and withdrawals.
- Baseball Line Shopping – Line shopping and getting the best price on your bets is the best way to win at sports betting and betting MLB baseball in particular. Always check other betting sites for a better price before placing a bet. This is not a step to ever skip over.
- Place Online Baseball Bets – The process is the same for most betting sites online. Though mistakes do happen so reviewing a bet slip before pressing confirm will save you some extra headache if you make a mistake.
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Best Online sportsbooks To Bet On Baseball 2020
Picking a trusted sports betting site is essential before you place your MLB bets! MyBookie is a great option for your MLB baseball wagers.
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Looking for more top sportsbooks? Check out our list of the Best MLB Betting Sites
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Betting opportunities for MLB bettors far dwarf any other major sport due to the long 162-game season. Combining baseball knowledge with advanced metrics is the key to becoming profitable at baseball betting.
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Major League Baseball Online Bet Types
The proliferation of online sports betting has led to massive growth in MLB betting sites in the past decade.
Most of the markets that bettors are used to will be available for MLB wagering, aside from traditional point spread wagering and teasers.
Moneyline betting is the standard wager type for baseball and available at every baseball betting site.
Traditional point spreads don’t work with baseball due to the nature of the scoring. Instead, MLB baseball sides betting uses moneyline odds.
These work the same way as NFL or NBA moneylines, meaning bettors are only wagering on the outright winner. Here’s an example.
- New York Yankees +140
- Boston Red Sox -150
Odds vary widely between games. In this game, the host Red Sox are moderate favorites over the visiting Yankees. It’s rare that two teams are both -110, which would signify an even matchup.
A large favorite is -200 in baseball, but depending on the matchup and starting pitcher, sometimes teams can be favored as high as -300.
MLB Run Lines
While most of the betting action on baseball is on moneyline sides, MLB baseball run lines are another alternative to traditional moneyline betting.
They also have attached online moneyline odds, but add a point spread element. Using our above teams, here’s another example.
- New York Yankees +1.5 (-155)
- Boston Red Sox -1.5 (+135)
Notice how the Red Sox now are at +135, but were moneyline favorites in our previous example. This is because they are now laying -1.5 runs.
Boston must win by two runs or more for bettors to cash their ticket. Often, one run decides the outcome of baseball games. As there are no ties in baseball, laying -1.5 is a substantial number.
Likewise, the Yankees are now -155 favorites on the run line, while they were +140 underdogs in our moneyline betting example above.
The standard run line is 1.5, but some sites may offer varying run lines with different attached odds. These are usually between 2.5 and 3.5 runs. However, many MLB betting sites do not provide alternative run lines.
MLB baseball totals work the same as other sports. However, there is much less scoring in baseball compared to other sports. Using the same teams, let’s look at another example:
- New York Yankees +140
- Boston Red Sox -150
- Over (-110) 7.0, Under (-110) 7.0
The same over and under bets with the standard -110 juice is in play here as well. The total is the combined runs of both teams. Pushes are also in play if the total doesn’t have a half-point.
The average oddsmakers’ total is 7.0 runs, but when two strong starting pitchers face off this can be at 6.5. It’s rare that bettors will see a total lower than 6.5, but sometimes it gets down to 6.0 with two elite pitchers on the mound.
Any total above 7.5 runs is above average, and many can go as high as 10-11 runs or more. The latter is on the extreme end. Playing in an offense-friendly ballpark, such as Coors Field, lead to higher totals and run production.
These include ballparks like the Rockies’ Coors Field, Yankee Stadium and more. Instead of halftime or quarter lines in football, sportsbooks offer 5-inning lines, which is essentially the equivalent of a halftime bet in football.
Also, available at many MLB betting sites is the “Grand Salami” wager. This is an over/under wager on the total number of runs scored in all games played that day. This bet is also common for NHL betting.
MLB baseball parlays will differ from the fixed odds parlays available in other sports.
While football and basketball parlays have payouts independent of a point spread or matchup, this is not the case with baseball because of the moneyline odds. Like NFL or NBA parlays, all legs must-win for bettors to win the wager.
Online sports betting sites use these calculations to determine baseball parlay payouts. Basing the odds on each bet in the parlay, rather than using fixed odds.
This allows bettors to get the “true odds” on their parlay bet, instead of a fixed amount based on the number of teams. However, this doesn’t mean bettors won’t be paying the vig.
Based on the odds of their selections, it forces a true calculation rather than the standard odds for -110 price bets.
MLB baseball futures are long-term wagers that take place at a later date. The World Series or the American and National League Championships make up most baseball futures, but you can also bet on division winners.
Baseball futures generally offer higher payouts than most other bets because there’s a large field of contenders.
MLB baseball proposition markets are much smaller compared to the NFL and NBA but are still a viable market for savvy baseball bettors.
Higher profile games, such as playoff games, will have more markets.
Most bets will be team and player props, such as the number of runs + hits + errors by one team or the amount of strikeouts thrown by a pitcher and the number of hits a batter might get in a game.
Baseball Live Betting
The live betting craze hit baseball last, but there are a surprisingly large number of bets available for MLB live bettors.
Players can bet on the outcome of an at-bat if there will be runs scored in a particular inning, and much more.
Baseball has many stoppages between live-action, giving the oddsmakers plenty of time to adjust the betting odds for live betting. Live odds, including moneyline odds and totals, are also options found at MLB betting sites.