Now that the Major League Baseball season is in full swing, the popularity of baseball betting has skyrocketed. It is simple to make a bet on baseball. Unlike high score games, betting is not based on a spread but simply whether a team wins or not.
Betting on baseball revolves around the use of a money line or the baseball betting line. The money line details the amount that needs to be wagered to win a specified amount. Baseball sports books set these odds based on their own research of player statistics and team victories and losses. The wager amounts are set to encourage betting on the underdog team. The favored team gets the negative number and the underdog gets a positive in the baseball money line.
For example, if the baseball betting picks are the Mets and the White Socks and the Mets are the favored team, an odd maker might set the money line at -140 for the Mets and +120 for the White Socks. If a gambler wanted to bet for the favored Mets, he would put down $140 and if the Mets win, he would receive $240, $100 plus the amount originally wagered. However, if he wanted to bet on the White Socks, and they win, a $100 bet would bring in $220.
It is highly recommended to do your own research on the teams and their players and compare odds across sports books.