Methods Of Wagering With MLB Picks

Betting the MLB Point Spread

      While less popular than betting the moneyline, the spread is the sportsbook's way of leveling the playing field. In order to win a point spread bet or “cover the spread,” the favored team not only has to win the game – they must do so by a specified number of points (the spread). The spread encourages equal betting on both teams, as it essentially “gives” points to the underdog. You most often find spreads with half-points attached, which is known as a “hook.” The hook avoids the possibility of a push (or tie).
      Example: Chicago +1.5, Baltimore -1.5
The team with the negative number next to its name is the favorite; in this case, it is Baltimore (-1.5). If you bet on the Orioles against the spread, they have to win the game by at least six points for you to win your bet. Baltimore is said to be “laying” 1.5 points in these circumstances. Another way to look at it is subtracting 1.5 points from the Orioles final score at the end of the game. If the Orioles still have more points after subtracting 1.5, then they cover the spread. In order to cover the spread, the favored team not only needs to win the game – they must do so by a specified number of points.
The Chicago Cubs have a positive number next to their team name, indicating they are the underdog. They do not have to win the game outright for you to win your bet. So long as they don’t lose by more than five points, you’ll come out a winner. Obviously, you would also win your bet if the Chicago won the game outright.

Betting the MLB Moneyline

      Betting “the moneyline” is the most popular way to wager on MLB baseball. The MLB moneyline is the easiest baseball bet to understand. When betting the moneyline, you are simply picking the team that will win the game. MLB Moneyline bets are easy to understand, but they offer a poor return on investment when betting on the favorite.
      Example: Chicago +180, Baltimore -250
The MLB odds attached dictate your potential payout and the sportsbook’s implied probability. Baltimore remains the favorite on the moneyline, as indicated by the negative number (-250) next to the team name. But, in this case, that number means something different: a -250 moneyline tells bettors that they need to wager $250 on Baltimore in order to win $100. The positive number next to Chicago (+180) gives us similar information, with one key difference. It tells bettors how much they will win on a $100 bet, in this case $180.

Betting MLB Totals (Over/Under)

      When betting the “total” on MLB games, you are no longer concerned with which team will win the game. Instead, your focus is strictly on how many points will be scored overall. You may also hear this type of bet referred to as “over-under betting.”
      Example: Chicago/Baltimore Over 6.5(-115) Under 6.5 (-110) Sticking with our Chicago/Baltimore example, the sportsbook has set the total at 6.5 points. Again, the half-point (hook) is present to prevent a push. You have two options when betting totals: over (more than 6.5 points will be scored between both teams) or under (less than 6.5 points will be scored overall).
      When betting on the “total,” The moneyline shown in parentheses next to your choice determines the payout. This is calculated just like the MLB Moneylines above. Your focus on a MLB Totals Wager is strictly on how many points will be scored overall.