Baseball betting guide

 

In baseball, betting odds are based on a "money line" instead of a pointspread. Money lines make you pick the straight up winner of the game, but the payoffs are based on odds.

In a money line, the sportsbook posts the odds you have to risk to win $100. Your bet must follow that ratio regardless of how much money you want to put at stake. For example…let's say a team is a 150 favorite. That means you have to risk $150 on that favorite to win $100, or $1,500 to win $1,000, or $75 to win $50. If you want to bet on the underdog to upset, you'll risk $100 and your return will either be 10 or 20 less than the posted price depending on the store (or, you'll use the ratio of 100/130 or 100/140 if you don't risk exactly $100).

For side betting, players can choose the pitching conditions of their wager (a pitcher is deemed the starting pitcher after throwing one pitch)

Listed Pitchers: Both starting pitchers are specified. Both must start the game and throw at least one pitch for the bet to have action. If either pitcher fails to start the game, the wager constitutes a "no action."

Action: Any pitcher may start for either team. The bet will have action no matter who pitches for either team, but if there is a pitching change, the wagers will be computed with the opening price of the new pitcher(s).

Pitcher vs Team: The player designates that the team upon which he is wagering must start the listed pitcher. Any pitcher may start for the opposing team. If the listed pitcher does not start the game and throw at least one pitch for the player's team, the wager constitutes a "no action." If there is a pitching change for the opposing team, the wagers will be computed with the opening price of the new pitcher.

Team vs Pitcher: The player designates that any pitcher may start for the team upon which he is wagering. The listed pitcher must start for the opposing team. If the listed pitcher does not start and throw at least one pitch for the opposing team, the wager constitutes a "no action." If there is a pitching change for the player’s team, the wagers will be computed with the opening price of the new pitcher.

It sounds complicated to the uninitiated, but you'll think it's easy once you've done it a couple of days. The important thing here, is that once again, the odds are based on public perception…NOT on the actual on field difference between teams. So, as with football and basketball, you can easily beat baseball if you're willing to do the work.