MLB Baseball Prop Bets
MLB baseball prop bets aren’t quite on the level of popularity that NFL and NBA props are, but these days, pretty much every top sportsbook worth its salt with has at least some MLB prop markets. Many bookmakers, including our currently top rated BetOnline.ag have at least a few props for every MLB game.
MLB proposition bets can be based over an extremely short period (such as scoring over an inning) or over a full season. Below, we will cover some examples of the best MLB prop best for teams and player, strikeout props along with various strategies for props you can utlize to make profitable MLB baseball bets.
Best MLB Betting Sites 2018
Baseball Prop Bet – “Score in the 1st inning”
This most common baseball prop, which you will find on just about every game on sites that offer MLB props is “Score in the 1st inning”.
As you can see, the odds are expressed in moneyline form. As always, props are not related to the final score of the game. In this case, the above prop is purely related to first inning scoring.
MLB Prop Bet – “Runs + Hits + Errors”
Another example of an MLB team prop is the number of runs + hits + errors in a single inning or an entire game. The above prop is centered around the first inning of action, but the same prop is usually available for the entire game.
The above two props were team or game props. Many props in baseball are also based on the individual performances of specific players.
This player prop is based on the number of hits + runs + RBIs by Houston Astros’ shortstop, Carlos Correa in a game.
Here’s another MLB player prop. This time, on the number of strikeouts by St. Louis Cardinals’ pitcher Carlos Martinez in their game against Cincinnati. Many sportsbooks will offer props where individual players will be pitted against each when it comes to runs + hits + errors or other stats. MLB props have an extremely wide range of possibilities, with betting options only limited by the minds of the oddsmakers.
MLB Prop Betting Strategy
Many other articles on the web that discuss MLB props often tell bettors to avoid them because of their high juice or vigorish. It is true that most sites, even the sportsbooks with the best prices online, juice their props heavily.
Almost all sites will have player and team props priced at a baseline of -115 versus -110 that is traditionally used for sides and total wagering. If you understand the importance of line shopping, it’s easy to see why this can be seen as a big problem to your bottom line. Betting with a -115 baseline pricing increases our breakeven percentage from 52.38% to 53.49%. Although that may not seem significant, long-term, that single percentage or so worth thousands of dollars.
High Vigorish In Baseball Prop Bets
Are props not worth wagering on due to the high vigorish? Well, not exactly. It’s certainly something that needs to be on your mind, but looking for value in MLB props is a +EV strategy, despite the high juice.
Remember, propositions have much lower limits than sides and totals, and that’s for good reason. It’s because sportsbook managers don’t put a lot of time into their props, most of these bets are for novelty purposes. Many MLB props are just based on league or player averages. Also, sites have different ways of coming up with props, so you will often find a fair bit difference in the odds from one sportsbook to the next.
MLB Prop Bets – Smaller Bet Limits
Since props have smaller limits, there isn’t usually much of an arbitrage opportunity, but there is still money to be made, particularly for small stakes bettors. If you find a prop that is mispriced across several sportsbooks, then getting a few thousand bucks down may not be too difficult.
When calculating your advantage, it’s vital to use a no-vig calculator. This will ensure that you are calculating your edge correctly. Something that is especially important in markets with high juice, such as props.
Baseball Statistics When Placing Baseball Prop Bets
One of the best aspects of baseball is the nearly unlimited (but useful) advanced metrics available to interpret the game and its players. Oddsmakers barely have enough time to handicap their main MLB betting markets. By utilizing advanced statistics and learning the game, many bettors should easily be able to find value in props, either by finding inefficiencies in the markets or line shopping.