Baseball Betting Odds Explained – How To Bet On The MLB
The main on-line gambling markets in baseball are the Ante-post (Outright) markets for the championships and the individual match betting for each game. Of, course there are also in-game betting markets available.
Here, we will look at the main betting markets available for the Major League Baseball (MLB) season that runs through most of the year in the United States.
Ante-post (Outright market) betting
As with the American Football, Basketball and Ice Hockey leagues in the United States, the baseball leagues are also divided and separated into different divisions and leagues and so the following markets are available.
The divisions contain five teams each and you can gamble on who will win any division:
National Division East / West / Central Winners
American Division East / West / Central Winners
The three National Divisions make the National League and the three American Divisions make the American League so you can also gamble on:
National League Winners
American League Winners
The bookmakers will often offer “Each way” bets on the League winners at ½ the odds at first and second place. (See “Each Way” in our horse racing betting guide for more information.)
Winning Division Winner – You can also gamble on which Division the League winners will come from! This year (2017) the odds are:
National Division East 21/10
National Division West 12/5
National Division Central 23/20
American Division East 6/5
American Division West 12/5
American Division Central 2/1
Finally:The World Series Winners – ½ odds placed at First or Second
Winning League – You can gamble on which League the team that wins the World Series will come from:
National League 17/20
American League 17/20
Winning Division – You can also gamble on which Division the team that wins the World Series will come from:
National Division East 11/2
National Division West 6/1
National Division Central 10/3
American Division East 7/2
American Division West 6/1
American Division Central 5/1
To make the Playoffs – Which teams will make the playoffs? That is to finish in 1st, 2nd, 3rd, or 4th place in their league or enter via the two “Wildcard” places.
Regular Season Wins – A basic over / under bet with the number of wins set by the bookmaker – for example:Los Angeles Dodgers to win UNDER 94.5 games is 8/11 and for them to win OVER 94.5 games is 11/10
Of course, as with most of the other sports gambling – Individual Performance betting is also available:
MVP Winner – “MVP” means “Most Valuable Player” – basically the best player according to statistics at the end of the season.
Cy Young Winner – This is an award given to the two best pitchers of the season – one pitcher from each league.
Most Regular Season Home Runs – Who will score the most home runs in the season? Odds are ¼ each Way at 1,2,3,4 places and please note – like golf – Dead Heat Rules apply.
Regular Season Home Runs – A basic Over / Under bet with the number of home runs set by the bookmaker – for example:Anthony Rizzo to score UNDER 30.5 Home Runs is 10/11 and to score OVER 30.5 Home Runs is also 10/11
Regular Season Wins – A basic Over / Under bet with the number of wins set by the bookmaker – for example:John Lester’s total regular season wins to be UNDER 15.5 is 10/11 and to be OVER 15.5 is also 10/11
Typical Individual Match Betting
Money Line – A basic win / lose bet on a team e.g. Reds 5/4 Giants 20/29
Run Line – A basic win /lose handicap bet where the team you choose to win or lose must win or lose by the number of runs +/- set by the bookmaker.
Total – A basic Over / Under bet where the total number of runs scored by both teams is set by the bookmaker. E.g. UNDER 10.5 runs 10/11 OVER 10.5 runs 10/11
Other betting odds for the MLB match
One of the biggest online bookmaker William Hill not only offers the Money line, Run line, and Totals but also various betting odds for MLB match. You can bet on these odds below while in the regular season.
1st Innings Winner, A Run in the 1st Innings, 1st Innings Runs, 1st Innings Hits, Most Hits in the 1st Innings, Top 1st Run, Ton 1st Hit, Bottom 1st Run, Bottom 1st Hit, 3 Innings Line, 7 Innings Line, Race to (Runs), 3 Innings Total, 7 Innings Total, Lead After (Innings), Extra Innings, First Team to Score, Last Team to Score, Team Scoring First Wins Game, Game Total-Bands, Alternative Run Line, Alternative Game Total, Alternative 3-Way Run Line, Alternative Total 3-Way, Alternative 5 Innings Line, Alternative 5 Innings Total, Team with Highest Scoring Innings, Double Result, Winning Margins, First Home Run of Game Will be, Game Total Odd/Even, Highest Scoring Period, Team Totals, Team Hits, Team Total Odd/Even, Total Hits, Most Hits