Watching a baseball game can sometimes be very boring. In fact, it can almost put you to sleep. How many people really want to spend a Saturday afternoon in the middle of summer in front of the TV watching Kansas City play Minnesota in a meaningless game? Not many, unless the outcome matters.
While wagering on baseball may not be for everybody, it is just perfect for those who would like the added thrill and excitement of knowing they can win (or lose) a bunch of money, based on one swing of the bat.
What types of baseball bets you can I make?
There are actually a lot of bets you can make on baseball games. With so many games on the docket every season there are literally endless amounts of wagers you can make, from moneyline bets to futures bets to even betting on who will be ahead through the first 5 innings (just be cautious of the VIG in baseball to ensure you get the best odds for your bet)! We take a look at some of the most popular and frequent bets you can make on MLB games.
The most popular bet where, in order to win, all you have to do is pick the victorious team. To keep the sportsbooks from going broke, odds are assigned based on the perception of how likely the chances are for each team to win.
Starting with 100, which means each team has an equal chance to win, each team is assigned a number. If the Mets are +150 over the Cubs and they win, for every $100.00 you bet, you will get your original $100.00 back, plus, you’ll win $150.00. Conversely, the Cubs may be -130 and in order to win $100.00, you would have to bet $130.00.
A wager made based on the total number of runs scored in an official nine inning (8.5 innings if home team wins) or longer game. Oddsmakers, through a study of past outcomes and statistical probabilities, come up with a figure for the combined runs scored by both teams.
Basically, an even money bet (you will probably get -110 from the sportsbook), all you need to do is choose whether the score will be higher or lower than the runs posted. If you are correct, you win.
Pick the winner of a series during the regular season and you win. This becomes a much more popular type of bet during the postseason, where Playoff Series and the World Series have more meaning. Again, there are odds set, based on the probability of each team winning the series.
A parlay is a bet where you must correctly pick the winner in two or more games. The runline for each game is the same as if you were betting on an individual game, but each game’s potential winnings are added to the next.
It is a chance to win a large sum if you are right, but if you get one team wrong, you lose the bet. The larger the parlay (total games in combined bet), the harder it is to win. It’s not my favorite bet to make but if you’re willing to gamble a little bit the bigger the reward at the end.
In baseball, these specialty bets can range widely. Taken as questions, a few examples of such bets are as follows. Will any runs be scored in the first inning? Who will get the first hit in the game? How many homeruns will be hit, and so on. Some other possibilities. Who will win the batting title? Which Pitcher will win the Cy Young?
Several popular types are the number of games a team will win for the season, if they make the Playoffs and if they win the World Series. Odds are assessed based on information gathered before the first game is played.