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MLB MONEYLINE EXPLAINED:
The moneyline bet is the most common wager in baseball betting. Baseball, like hockey and soccer, is a “moneyline sport” as opposed to a “spread sport” (like football or basketball). That means that baseball bettors are generally just betting on the team that they think is going to win rather than betting on a team to cover a particular point spread.
The favorite in a game has a negative moneyline (example: -150). The underdog has a positive moneyline (example: +135). The odds represent the payouts on a $100 wager. So for a favorite at -150 the bettor would wager $150 to win $100. For an underdog at +135 the bettor would wager $100 to win $135.
Again, baseball bettors are simply trying to pick which team will win the game. The moneyline is simply the agreed upon payout of the wager.
MLB RUN LINES EXPLAINED:
The run line functions like the point spread in sports like football or basketball. The run line in baseball is 1.5. That means that if you bet on the favorite (-1.5) you are betting on that team to win the baseball game by two runs or more. If you bet the underdog on the run line (+1.5) you are wagering that your side is either going to win outright or lose by just a single run.
There are two parts to a run line wager. The first is the actual run line (+1.5/-1.5) and the second is the moneyline value associated with which side of the run line you take. For instance, a bet of -1.5, +120 means that if you wager on the favorite (-1.5) your $100 wager would result in a +$120 win.
The purpose of betting on the run line is to get adjusted odds in your favor. If a team is a moneyline favorite of -200 that might be too much to wager on. However, if you bet on that team at -1.5, -110 you are wagering that your team will win by two or more runs and in return getting a more favorable moneyline (-110).
About one-quarter of all MLB games are decided by one run.
MLB TOTALS or OVER/UNDER EXPLAINED:
MLB totals are a bet on the total combined number of runs that both teams will score in a given game.
You can bet totals ‘over’ or ‘under’. If you are betting ‘over’ then you are betting that the combined number of runs from the teams will exceed the posted total. If the posted total is 8.5 and you bet ‘over’ then you wagering that nine or more runs will be scored. If you are betting ‘under’ 8.5 then you are hoping for eight or fewer combined runs to be scored.
MLB games have to go at least nine innings for the total wager to be legitimate. All runs scored in extra innings count towards the totals wager.
MLB FUTURES EXPLAINED
MLB Futures are wagers on eventual results regarding certain teams. For example, a World Series futures wager is a bet on which team will win the World Series in October. Other types of MLB futures wagers can involve the number of wins a team earns during the season, which team wins the division, or which team wins the league pennant.
The odds on futures wagers are generally expressed similar to a moneyline. For example, the Mets could be posted at +1500 to win the World Series. That means that a $100 wager that proved correct would yield $1,500.
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