What Does -150 Mean on Baseball Betting Lines?

The bettors who visit our website might be wondering what differentials like -150 mean. Let’s take a closer look.

Common Meaning Of Odds And Evens

The odds and evens are two numbers that are used quite a bit when betting on baseball. These are usually the types of bets that one makes when one thinks that one’s team will win the game. One might also make the opposite types of bets, such as the 50-1 shot or longer shot. The 50-1 shot means that one’s team is 50-1 to win the game. A longer shot means that one’s team is expected to win the game but the odds are very high (in this case, longer than evens). As a rule of thumb, one might say that odds are against you and evens are in your favor. That is to say, the odds will be more favorable to the other team.

Evens and odds can be difficult to calculate precisely, especially when one is dealing with high-stake wagers (e.g., cash bets or proposition bets). To make things simpler, most casinos and betting companies that offer baseball odds will round the figures to the nearest whole number. This makes it easier for everyone to understand. Thus, even odds will be displayed as evens and odd odds will be displayed as oddities.

Baseball -150 Means Parlay Wins

The number -150 in baseball betting means that a parlay (a series of wagers) has won. A parlay is when one bets \$150 that a certain number of teams will win a certain number of games. For example, one might wager \$150 that the St. Louis Cardinals will win at least 7 games this season. The bet will win if the St. Louis Cardinals do indeed win at least 7 games this season. The payout in this case is \$300, the winning amount of the parlay. If the bet loses, one loses his \$150 but will still have to pay out \$350 for the 7-game parlay.

This is quite possibly the simplest way to look at how betting lines work in baseball. It is simple, yet effective. A parlay can be a good way to make a few extra bucks in the long run, especially if one bets on the underdog. The risk in this case is that if any of the teams one parlayed against doesn’t win, one will lose his entire \$150 investment.

How Much Do The Losers Ow On A Back-To-You Bet?

One common wager in baseball is the back-to-you bet (or back-to-banker as it is sometimes called). In a back-to-you bet, one puts down a price (i.e., wager) that he is willing to wager on a game and the bookie (i.e., the casino or the betting company) returns the money along with some extra (i.e., vigorish). A vigorish is a commission or percentage that the bookie charges to cover the spread (i.e., the amount by which the odds are stacked in one’s favor).

For example, let’s say that one wants to bet \$100 that the New York Yankees will win the World Series this year. In order to do this, one would contact a bookie and make the appropriate wager. In this case, one would put down the amount of money that he is willing to wager, \$100, and the bookie would return the money along with an extra \$20. The \$20 is the vigorish or commission that the bookie charges for taking this type of wager. In this case, one would pay \$20 for a World Series win and collect \$100 if the Yankees win the World Series.

This type of wager is quite simply a cross between a lay bet (i.e., an outright bet where one doesn’t have to lay money down to win) and an exotic bet (i.e., an outright bet where one has to lay down a certain amount of money to win). It is generally accepted in the industry that these types of bets are quite simply a way for the bookie to make some extra money during the off season. Thus, they are taken quite seriously by the bookie and the sportsbooks, the companies that operate the books for the casinos and the betting companies.