You’re at the baseball game, the excitement is building, and you need a betting line to help make your decision. What do you need to know? How does betting on baseball work? Let’s take a look:
How Do You Bet On Baseball?
You have two options when placing a bet on baseball. You can either bet on the outcomes of individual games or you can bet on the overall season performance and winnings of a team. Both options have their perks. Let’s take a look at them:
Each Game Has Its Own Odds
If you want to bet on the outcome of an individual game, you will be presented with a menu of games as soon as the betting lines are posted. You can easily choose which game you want to bet on by scrolling through the list and clicking on a game or hitting the menu button in the corner. When you click on a game, you will be taken to a new window where all the betting odds are listed.
What you need to know about betting on individual games is the odds will always be against you. As a general rule, the favorite is always +100 to win, and the underdog is always -100 to win. This means you, as a bettor, have a 50% chance of winning your wager on any given game. If you don’t believe me, you can use this simple form to generate any amount of winning or losing wagers you want at any time during any game.
Betting On The Over/Under
If you want to bet on the overall season performance and winnings of a team, you will find a list of all the baseball teams and their odds to win the World Series. To view this information, either click on the World Series tab at the top of the page or search for “World Series” in the search bar. This will bring up all the relevant information you need to know about betting on the 2019 World Series. As a general rule, the favorite is always +150 to win, and the underdog is always -150 to win World Series betting. This means your odds of winning are 33.3% (1.5 x 1.5 = 2.25) when betting on the favorites and 18.8% (1.5 x 1.5 x 1.5 = 2.625) when betting on the underdogs. This is in line with normal gambling odds. Things get interesting when you combine this with moneylines.
A moneyline is a type of betting in which you either win or lose an amount which is fixed before the game begins. For example, if you wager $100 on the New York Yankees and they win the game, you win $100. If they lose, you lose $100. In some cases, if the game is a blowout, the betting public may even cover the spread and give you a profit! Another way to look at it is the moneyline gives you twice the odds of winning as usual; the favorite is now +300 to win and the underdog is now -200 to win.
In a general sense, you will almost certainly be better off betting on the season performance and winnings of a team than betting on the outcomes of individual games. However, if you are a fan of a particular team and want to bet on them winning or losing a specific game, you can do that as well. Let’s say you are a fan of the San Francisco Giants and want to see them beat the New York Yankees this coming Sunday. In that case, you can bet on the NY Yankees +150 to win and the San Francisco Giants -150. If the Giants win the game, you will win your bet. If the Yankees win, you will win too.
Even though you will almost certainly be able to find a betting line for the game you want to bet on, it is still a good idea to do some research on the teams and individual players involved. Knowing a little bit about the teams and players will give you an idea of whether or not you are getting the best price for your wager. You can also get an idea of how experienced the people are in placing winning wagers. The more experience they have, the more likely you will win.
The Importance Of Spread Betting
Something else you need to know about betting on baseball is a lot of the books will have a spread on the game. A spread is the amount by which the game is favored or disfavored. The more weight the book puts on either side of the spread, the better the odds of successfully placing a wager. To find out how much weight the book has on a particular game, simply click on the game you are interested in betting on and hit the menu button in the top right corner. This will bring you to a new page where you can find out all the relevant information about the game including the spread.
If, for some reason, you want to back a team that is playing at a neutral site, you will have to find a place to watch the game and place your bet on the results. There will usually be no refunds given for matches played outside of your home state. So, if you are looking to place a wager on a game which will be played in a neutral location, make sure you do your research and find a reputable bookmaker. Otherwise, you could find yourself severely disappointed.
Research Is Key
Last but not least, we have the importance of doing your research. A lot of people, myself included, make the mistake of jumping into betting without doing any research first. That’s a big mistake because you will most likely lose your money and end up frustrated. You should try to find all the information you need before you make a conscious decision to wager. Once you have done that, you are better positioned to place a winning wager. Also, make sure you do your research on the books which are offering you the best odds. The more you know, the better. Good luck!