MLB League Odds
Understandings MLB Odds
Baseball is a favorite sport among bettors, and different types of MLB odds are available for betting on games and events.
One of the most common types of MLB odds is the moneyline, which predicts the outright winner of the game. The moneyline odds represent a positive or negative number indicating the underdog or favorite, respectively.
Another popular MLB odd is the runline, a spread bet requiring the favorite team to win by a specified number of runs, while the underdog can either lose by a certain number of runs or win outright. Runline odds, regarding MLB, represent a point spread, with the favorite team assigned a negative number of runs and the underdog a positive number of runs.
Sportsbooks also offer futures bets for MLB events, such as the World Series, American League, and National League MVP awards. Bettors can place their bets well in advance of the actual event, with potentially higher payouts and odds. It is important to compare odds from multiple sources before placing a bet since they can vary between sportsbooks.
How To Read MLB Point Spreads (Runlines) & Odds
When you bet on MLB odds, you will have some things to examine. First, there will be the two teams involved. The team with plus odds is the underdog, while the team with minus odds is the favorite.
When two teams are evenly matched against each other, oddsmakers will determine the game using a toss-up, giving you what’s known as even odds.
Looking at how the payout works on MLB odds, you will get the amount shown for every $100 bet with plus odds, so +400 will get you $400 on a $100 stake.
Minus odds show how much you have to wager to win $100, so -300 odds mean you need to wager $300 to win $100. When you see even odds on a game, you will receive the same amount you wager on the bet. So $50 will get you $50 on a winning wager.
Baseball Betting Example
Say you want to bet on the Chicago Cubs vs St. Louis Cardinals game. Some odds you might see will look like this:
|Chicago Cubs||+2.5 -110||+175||O 7.5 -110|
|St. Louis Cardinales||-2.5 -110||-210||U 7.5 -110|