Baseball Betting has a unique and special place in gambling history. According to historical records, betting on baseball dates back to around 1867.
It is believed that the first bets in sports were said to have been made at Fenway Park.
Just picture folks sitting out in center field and betting whether one of the legendary pictures were about to strike out the next batter ….. Well almost 150 years later, you can still bet whether a pitcher will strike out the next batter (also known as prop betting ….. go to betting terminology to learn more betting terms)
BOVADA offer many other ways to bet on MLB baseball in the Bovada Sportsbook – but we are going to focus on the three classic single wagers that most online sports players place.
The Moneyline Wager
The moneyline wager is the most common way to bet on baseball. This wager is also known as American Odds. With this wager you will see the two teams playing and each one has a betting line attached:
Houston Astros –125
Boston Red Sox +105
Here the Boston Red Sox are the home team and they’re +105 underdogs, meaning a $100 bet will earn you $105 if the Red Sox wins the game. If you want to bet on the favored Astros, you would have to bet $125 to win $100.
The Runline Wager
If you are betting on the runline, then the team that you wager on has to score more runs than the line posted. Here the Astros are favored to win by more than 2 runs and the Red Sox are underdogs (meaning that if that the bookies have them losing by 2 runs)
Houston Astros –1.5 (+135)
Boston Red Sox +1.5 (–160)
note: although the Astros are favored to win by 2 runs …. the bookmakers actually have them as the betting underdogs at (+135) and they have the Red Sox as the betting favorites (-160)
Now the since the Red Sox can lose by a run and still cash in, and because the risk to lose is lowered, so is the reward: You have to bet $160 to win $100.
On the other hand, if you bet on the Astros, they would have to win by at least two runs for you to cash in …. and because the risk is higher that this going to happen, the reward is greater if it does – You only have to bet $100 to win $135.
The Totals Wager
And finally of the classic three we have the total wager. This is a very simple wager that asks whether the two teams will combine to go OVER or UNDER a certain number of runs scored.
Houston Astros 9.5 (–115)
Boston Red Sox 9.5 (–105)
If you bet on the OVER and the two teams score 10 or more runs …. you win. On the other hand, if you bet the UNDER and the two teams score 9 or less runs … you win.
BOVADA is the Number One online sports wagering site and your best place to wager on Major League Baseball.