The Most Common Types of Baseball Betting
Baseball betting is not only one of the most popular sports to bet on but also one of the easiest. If you are a seasoned veteran in other types of betting, then baseball is a great sport to add to your list. With so many games played every day and all year round, baseball bettors have plenty of opportunities to win money.
Nowadays, betting on this sport has become even more convenient. Many online bookmakers offer mobile-friendly sites, with industry-leading baseball bookie software, and highly competitive odds for any tournament you want to wager on.
Moneyline Betting
Money line bets are the most popular type of wager in baseball, but they’re also the most misunderstood. Crucial variables in a money line wagers include the favorite team, the underdog, and the odds of winning.
In most cases, the stronger side has smaller odds than the underdog. The odds are determined by taking the sum of all possible outcomes and dividing it by two. The online sportsbooks also apply “the vigorish” to the odds to make a profit from any result.
The bets are based on the chances of winning, which means that you can place a money line bet on either team to win. For instance, If you think Team A will win, you would wager your money on Team A, and your possible payout will be based on its odds.
However, If Team B wins instead, you lose your wager. The advantage of Moneyline betting is that it is simple, and you might not require knowledge of statistics or team history to place this kind of bet.
Run Line Betting
If you’re looking for a more exciting way to gamble on baseball and make some extra cash, you might give run-line bets a try. The run line bet is a variation of a Moneyline wager, but instead of betting on whether a team wins or loses outright, you’re betting on the final score.
In this case, your team has to defeat the opponent by a specific number of runs for you to receive your winnings. For example, if you want to wager on team A and they are -145 favorites, you’ll need to risk $145 for every dollar you want to win. However, you can lose your bet if the team fails to get the number of runs you predicted.
Prop Bets
Team props are great for anyone who wants to get involved in betting on baseball. You can wager on numerous outcome propositions such as the side to score first, the pitcher with more strikeouts, and if the game will have extra innings.
The odds vary with each option, but the props that are challenging to predict have lucrative payouts. If you don’t know much about baseball yet but want to learn more while enjoying yourself along the way, this is definitely an option worth considering.
Total Runs (Over/Under)
Total Runs or Over/Under is a simple baseball betting option that requires you to predict the total number of runs scored by both teams combined. You can bet on either side of this wager, so if you think there will be more runs than your predicted number, bet “over” and vice versa. The best way to win on Total Runs is by finding a bookmaker offering odds that match your predictions.
Unlike other bets, this one allows you to make money regardless of which team wins the game. Since odds are determined based on how many bets are placed and not how many people have knowledge about what they’re doing, it’s vital to get them right.
First Five Inning Lines
First Five Inning Lines are popular among those who want to bet on baseball but aren’t confident enough in their knowledge of the sport. While it’s not as accurate as betting on the full nine-inning game, there is still plenty of action and excitement in this more straightforward format.
Betting occurs before the start of a match, and you predict if the game will be won or lost by certain scores. This bet is perfect for beginners since it shortens their odds calculations from nine innings to five.
Baseball Live Betting
Live betting is a type of wagering that allows you to bet throughout the game. You can place this kind of bet in-person at a sportsbook or on online bookies that offer live betting. In-game bets give players more flexibility since they can analyze statistics of live events in real-time and make informed betting decisions.
Conclusion
There are many types of bets that you can place on baseball, and it can be overwhelming for a beginner. If you want to succeed in this market, you need to do a lot of research to understand how each bet type works. With the right amount of knowledge, you may be able to beat any bookies out there and make a profit. When placing wagers, always bet with what you can afford to lose and never risk more than 1% of your bankroll on one match.
