baseball betting online - types of wagers available

Placing a bet on baseball is a bit different than in other sports. While the payoffs can be just as rewarding, it's important to understand the different types of wagers available. Explore the links below to gain a better understanding of what it takes to bet and win in a typical online sportsbook.

moneyline & totals

Moneyline Wagering is simply wagering on the contest based on a given price rather than a pointspread. The team bet on just has to win the game. On an over/under (totals) wager, the total runs of the game by both teams combined, extra innings included, must fall over or under the side selected.

Sample Baseball Betting Money Line
The posted line on a baseball game is the New York Yankees -155 at the Atlanta Braves +135 with the total being 8 1/2 Over -125 Under +105.

A player could choose one of two moneyline wagers on this matchup: Yankees -155 - If the Yankees win then the player laid $155.00 to win $100.00. Braves +135 - If the Braves win then the player who bet $100.00 wins $135.00.

A player could choose one of two Over/Under wagers on this matchup: Over 8 1/2 -125 - If the total runs of both teams combined are more than 8 1/2, then the player laid $125.00 to win $100.00. Under 8 1/2 +105 - If the total runs of both teams combined are less than 8 1/2, then the player who bet $100.00 wins $105.00.

Moneylines are typically offered on all MLB and College World Series games.

Side (moneyline) wagers are usually accepted in the following manner:
• Action - Team against team, regardless of the starting pitcher.
• Listed Pitchers (both specified pitchers) - If the starting pitchers are not exactly as listed when the "Listed" wager is placed, your wager will be deemed "No Action".

In the event there is a pitching change prior to the game, moneyline odds may be adjusted. If one scheduled pitcher starts against an unscheduled pitcher, "Action" wagers will be computed by the opening price with the new pitcher.

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run lines

Run Line Wagering is simply wagering on the contest based on a pointspread and a moneyline combined. The team wagerd on must win by the pointspread.

Sample Baseball Betting Run Line
The posted line on a baseball game is the New York Yankees -1 1/2 +130 at the Atlanta Braves +1 1/2 -150.

A player could choose one of two Run Line Wagers on this matchup: Yankees -1 1/2 +130 - If the Yankees win by 2 runs or more, then the player who bet $100.00 wins $130.00. Braves +1 1/2 -150 - If the Braves win the game, or lose by only one run, then the player laid $150.00 to win $100.00.

Run Lines will be offered on all MLB games.

Run Lines wagers are "Listed", and will be deemed "No Action" in the event of a pitching change.

Run Line Wagers may be parlayed to other contests, but a Run Line Wager may not be parlayed to any other wager from the same game.

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overnight dime lines

Overnight dime lines are betting lines for the following day's matchups, and are typicaly posted within one hour of the start of the final game of the day. There may be a maximum wager limit on overnight dime lines, which will usually be lifted the following morning.

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parlays

Parlays, also known as Multiples or Combos, are a very exciting way for the baseball betting enthusiast to win very large amounts of money with limited risk.

Simply put, a parlay is a bet of 2 or more teams (selections) or propositions in no particular order. All teams wagered on in a parlay must win. If there is a tie, it reverts down to the next lowest number for payoff. For 2 team parlays, a tie and win becomes a straight bet payout.

At the best online sportsbooks, you may include up to 12 Selections in your parlays, all sports included. This means that you can make one parlay card with a combination of all your favorite sports!

Parlay bets will not typically be accepted where individual "selections" are connected. For example, one leg of a parlay is for Sampras to beat Henman in the 4th round of Wimbledon and the second or additional part of the parlay is for Sampras to win the overall Wimbledon title. The match forms part of the overall tournament and is therefore 'connected'. In the same way, you cannot parlay the over of the first half of a football game with the over of the total game, because the two are 'connected'


Baseball (moneyline) Parlay Payoffs

Because of the moneyline used in baseball, there are no set payoffs for tying a number of teams together in parlays. Payoffs are determined by a simple formula that changes the moneyline into a decimal number and combines it with the other lines in the parlay. The first step is to change the moneyline into a decimal value. Use the chart below for this purpose.

Values are equivalent to one dollar.

-1.05	=	.95		-1.85	=	.54
-1.10	=	.91		-1.90	=	.53
-1.15	=	.87		-1.95	=	.51
-1.20	=	.83		-2.00	=	.50
-1.25	=	.80		-2.10	=	.48
-1.30	=	.77		-2.20	=	.45
-1.35	=	.74		-2.30	=	.43
-1.40	=	.71		-2.40	=	.42
-1.45	=	.69		-2.50	=	.40
-1.50	=	.66		-2.60	=	.38
-1.55	=	.64		-2.70	=	.37
-1.60	=	.62		-2.80	=	.36
-1.65	=	.61		-3.00	=	.33
-1.70	=	.59		-3.25	=	.31
-1.75	=	.57		-3.50	=	.29
-1.80	=	.55		-4.00	=	.25

How to Figure Baseball Parlays

For each price or odds quote on your teams, look at their respective payoffs (to $1) and always add $1 to these payoffs.

Multiply your bet times the products of these payoffs (+$1) for your parlay return.

Example
A Player bet $50 on the Cardinals (-150) parlayed to the Tigers (-130)

Bet		Cardinals		Tigers		Return
		(-150)		(-130)
$50	X	1.67	X	1.77	=	$147.80

The return includes the $50 bet.

Use the same method for any number of teams.

Example
Bet $75 on the Cubs (+120) to the Reds (-135) to the Mets (Even) for a 3 team parlay

Bet		Cubs		Reds		Mets		Return
		(+120)		(-135)		(Even)
$75	X	2.20	X	1.74	X	2.00	=	$574.20
		(1.00 + 1.20)		(1.00 + .74)		(1.00 + 1.00)

The return includes the $75 bet.

Remember to always add $1 to the payoff price to figure all parlays.

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