If you know nothing about sports and you still feel the urge to gamble, baseball is the best sports to wager on. As opposed to football and basketball, where you are mixed up with the point spreads and other confusing calculations, in baseball betting you simply put your money on the outcome of the game. Furthermore, the baseball season lasts longer, which means more matches and better probability to go home with the winning money. Here is a step to step guide to baseball betting.

The main difference between baseball betting and other team sports betting for example football and basketball is that while the latter ones use point spreads, the former uses the money line.

What is a Point Spread?

Point spread is the commonest gambling type offered in football and basketball betting. The sportsbook spreads the odd of a certain match by subtracting points from the favorite team, which is the team most definitely to win and adding points to the underdog, which is the team that will raise many eyebrows if wins.

What is a Money Line?

In baseball gambling, the sportsbook sets the probability strictly on the outcome of the match. In order to even the action, bettors would have to risk more money on the favorite and risk less on the underdog. This is called the money line.

As an example, if the money line is minus 170 on the favorite and plus 150 on the underdog, then you will need to bet 170 dollars on the favorite in order to earn 100 dollars. On the other hand, if you bet 100 dollars on the underdog, you would win 150 dollars if they would eventually win the match.

The difference between the minus 170 on the favorite and the plus 150 on the loser is called the twenty cent line. If the money line was minus on the favorite and plus 150 on the loser, it is named the ten cent line or dime line. The fifteen cent line is also common in baseball betting.

Sportsbooks also offer total bets and run lines in baseball betting.

1) Total Bets:

These wagers are based on the sum of the runs scored by both of the teams. For example, if the sportsbook sets the over below total of a match as 7, the over wins if the amount of the runs scored by both teams exceeds 7 and the under wins if it sums up to below 7.

2) The Run Line:

This wager is the baseball difference of point spread. When you are betting on the run line, you are betting on whether one of the teams wins by more than one run, which is marked as minus 1.5 or stays within one run, marked as plus 1.5.

Conclusion:

However the money line makes baseball betting simpler than football and basketball betting, it leads to the payoffs calculation to be more difficult:

1) In order to calculate the payoff when wagering on the favorite you should add 1 to the favorite price and divide it with the favorite price.

2) In order to calculate the payoff when wagering on the underdog you should add 1 to the underdog price.

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