MLB Odds 2024 – How to Read MLB Odds

Bonnie Evans | January 4, 2023 | Updated on: April 8th, 2024

MLB Odds 2024 – How to Read MLB Odds

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Betting on baseball using MLB odds picks is one of the most successful runs you will have. in fact, some supporters have already placed bets based on the MLB odds to win world series.

So, what do the MLB picks have to say about all the other MLB games? Also, if you are wondering what the types of baseball bets that you can make are, wonder no more.

We have complied a baseball betting odds guide with all the different odds. Our MLB odds picks will certainly take your betting experience from two bases to a home run. Go on, read our guide for more info on MLB odds.

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MLB Odds To Win World Series

The world series is one of the most famous annual championship series in Major League Baseball. It is as exciting as making bets live in Las Vegas. To place bets on such a championship, you have to understand MLB Odds, baseball game lines, MLB Betting and much more.

Further, MLB expert picks, scores, and odds will vary from sportsbook to sportsbook. Similar to how NBA odds, Vegas odds and NHL odds differ.

So, to understand baseball odds, here is a rundown of the various betting lines. From the point spread to MLB futures all these bets are found at online sportsbooks.

Moneyline Bets

The most famous baseball action would come from the money line. The MLB sports betting wager suggests that the bettor picks the outcome of the game by selecting which team will win the game. In a match between the Detroit Tigers and Kansas City Royals, you would have to bet on who is going to win the game.

We are going to assume that the Tigers are listed at -130 which makes them favorites and the Royals are listed at +130 making them the underdogs. The minus sign signifies the favorite the positive sign signifies the underdog.

If you were to bet on the Tigers, you would have to wager US$130 to win $100. If you bet on the Royals, you would have to wager 100 USD to win USD$130.

Proposition Bets

Prop Bets are tons of fun as there are several bets to wager on. The bets are not based on the outcome of the match, but the events that happen in the games.

Examples of Proposition bets that can be made include:

  • Which team will hit the first home run?
  • Will there be home run in the game?
  • Which team will have the first single run?
  • Will Mike Trout have more runs than Francisco Lindor?
  • Will the favorites lose by one run and the underdog wins?
  • How many bases will the Texas Rangers take over the Seattle Mariners in the fourth inning?

Baseball Run Line Bets

Bettors who are confident about a team’s chance of winning, run line bets are the best bets to take risks. Run line bets allow you to bet on favorites to win by two or more runs at a discounted rate. The other run line opportunity sees you bet at a premium price for the underdog at a set number of runs.

For example, you may see the Tigers at -1.5 and the Royals at +1.5 runs. This means if you bet on the Tigers, you would want to see them win by two or more runs. If you bet on the Royals, you are hoping that they lose by less than two runs.

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MLB Futures

Future wagers are bets on events that are to happen in the future beyond the games that are currently taking place. The bets are open all season long.

Examples of future bets that you can make include:

  • Who will win the American League in the East?
  • Which team will win the world series?
  • Who will win the MLB most valuable player?
  • Who will win the Golden Glove award?

For example, you will see the future bets on who will win the world series look a little some like this +200 000. That means the best online sports betting sites are offering 200 000 to 1 odd against the San Diego Padres winning that year.

 Over/Under MLB Odds

Over-under bets are also known as totals. When wagering on total bets, the team that wins the game is not essential. The bets are made on the total number of runs scored from both teams combined.

If the New York Mets beat the Philadelphia Phillies 10-8 the total runs from the game is 18 runs (10+8= 18). The sportsbook will post a game total projection before the game and you have to bet on whether the game runs will go Over or Under the sportsbook’s projection.

If you bet on the over, you are betting that the final total runs will be over 18 and if you bet on the under, you are betting that the final runs will be under the projected 18 runs. If the final total is at the exact expected number of runs, then the bet is regarded as a push. With a push, bettors will get their original bet back.

Parlays MLB Odds

Parlays are multiple bets in one. For bettors to win a parlay, they would have to win all the multiple bets. Parlays are incredibly profitable as they range from 2 to 10 games or more.

The more games in your parlay the more you stand to win. Parlays are also known as multi-bests

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