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Baseball is one of the most popular sports in the country. That’s why it’s no wonder the sport is known as America’s favorite pastime. And in this pastime, there is another pastime; betting on Major League Baseball. Since online sports betting is now legal in many states, baseball fans all over the country are now rushing to take advantage of MLB betting odds.

How to read MLB Odds

If you want to make money from Major League Baseball as a fan, you need to understand MLB odds. Fortunately, it’s not that hard of a task since it follows more or less the same rules as in other sports.

What do MLB odds look like?

In Major League Baseball lines, there is an underdog and a favorite. The sportsbook assigns odds based on which team they think is what. The underdog gets positive odds, while the favorite has negative odds.

MLB Moneyline Odds

Baseball moneyline odds are perhaps the most common. They represent simple winner/loser bets. Here, the better backs the MLB team they think will win the game. For example, if the Boston Red Sox are meeting the New York Yankees, and you feel that the Yankees will win, you simply wager on them.

MLB moneyline odds are usually based on $100. Assuming the Yankees are the favorites in the above matchup, they may have -120 odds. You’ll need to wager $120 on them to win $100 if they win the game.

On the other hand, the Red Sox may have +130 MLB odds. They are the underdogs. So, they will have higher potential winnings. A $100 wager on them will bring you $130 if they win.

MLB Runline Odds

If you’ve bet on the NBA or NFL before, you must’ve come across the point spread. Well, runline is the equivalent of that in Major League Baseball. Here, the oddsmaker chooses a spread and creates MLB odds around that spread.

Most runline odds use a spread of 1.5. Depending on who you back, the favorite must win the game by more than 1.5 points, or the underdog must either win or lose the game by no more than  1.5 points. This is a way of handicapping the favorites to spread the risk of betting on MLB games.

MLB Total Or OVER/UNDER Odds

MLB total odds represent wagers on the total points scored by both baseball teams in a game. The odds are typically set depending on the weather, ballparks, and the strength/weakness of either team.

Take a game between Los Angeles Dodgers and Chicago White Sox;

Over 7.5, -110

Under 7.5, +110

Here, the totals line is set at 7.5. If you think the combined scores will exceed it, you bet over. But if you think it won’t, then under is your choice.

MLB Futures

Futures are wagers on upcoming events/tournaments. These odds are made available even before the MLB season begins and are adjusted over the sports year.

Wagering On Futures Odds

MLB futures odds are very interesting. Given that they are high-risk, they have some of the biggest winnings in online sports betting. Here are several baseball odds to look out for during the sport’s calendar;

MLB World Series Odds

The world series is an annual championship series in the United States and Canada. It’s a prestigious and competitive tournament with exciting future odds. You can bet on which team will be the champion and which player will be the standout performer alongside a variety of other players or team-based future bets.

MVP Awards

You can also make a future bet on who will win the Major League Baseball Most Valuable Player Award (MVP). The earlier you make a bet, the bigger your winnings. Odds for the MVP awards range from +500 to +4000 among the top 15 superstars.

MLB Postseason Odds

The Postseason (MLB playoffs) is an elimination tournament that follows the conclusion of the MLB regular season. There are 12 teams competing to win the national league, and it’s often an exciting affair. As for making future bets, you can wager on which teams will make it to the postseason and even who will win the whole thing.

Where to Bet on Major League Baseball

You can bet on Major League Baseball games on many sportsbooks. Our favorite sportsbooks have some of the best MLB odds in the betting market and offer exciting signup bonuses to new users. So, if you’re looking for an excellent platform to bet on MLB games, we recommend that you bet with Caesars Sportsbook, BetRivers, BetMGM, FanDuel, or DraftKings.

Caesars

4.8/5 Read Review

$1,000 First Bet on Caesars

BetRivers

4.7/5 Read Review

2nd Chance Bets ($100-$500)

BetMGM

4.9/5 Read Review

$1,500 First Bet Offer

FanDuel

4.9/5 Read Review

Bet $5, Get $150 in bonus bets if your bet WINS!

DraftKings

4.8/5 Read Review

Get a $1,000 Deposit Bonus

MLB Picks & Predictions

MLB picks and predictions are useful betting tools, especially for beginners. You can borrow or buy insights on upcoming matchups and MLB odds from seasoned baseball bettors. Therefore, if you’re looking for the best MLB odds for today, keep your eyes peeled for MLB picks and predictions from our experts at Betsperts.

MLB FAQs

The best sportsbooks for betting on baseball offer the best odds and make it easy for beginners to get started. Our top recommendations according to these criteria are Caesars, DraftKings, Betrivers, BetMGM, and FanDuel sportsbooks.

Using these online sportsbooks you can make all kinds of baseball bets on the American league, from futures betting to MLB prop bets and parlay bets.

The moneyline is a wager on who will win a baseball game

The line represents the spread used in baseball to wager on the difference in points between two competing teams. It’s common in both online and MLB vegas odds.

These are runline odds in MLB betting lines for the underdog. The team with such odds must win the game or lose by less than 1.5 to cover the spread.

A runline is a point spread in baseball betting. This represents the number of points a team must win or lose to cover the spread.

In baseball betting lines, the underdog has positive odds while favorites have negative odds. The MLB odds are based on $100. For the underdog, they show how much money you stand to win with a $100 bet. For the favorite, they show how much money you need to bet to win $100.

This team is the underdog. If you wager $100 on them and they win the game, you will receive a $300 payout (winnings= $200).

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