Run line betting in baseball is similar to betting on the spread in football. The difference though is that baseball is a much lower scoring game than football, so the numbers need to be adjusted accordingly. Run line betting uses the same odds as moneyline betting.
All that this means is that the absolute value of the favorite price is 20 cents more than the underdog price (150 – 130 = 20). With reduced juice or dime line odds, you’ll get a 10 cent difference. On the very same game, a dime line book like 5Dimes would set the prices at -140 and +130 (140 – 130 = 10).
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Moneyline means you are betting who will win the baseball game Straight Up (SU) without a point spread. The team that wins the game wins the wager. The team with the negative sign (i.e. Philadelphia -115) is usually the favorite. In the example above the team with the larger negative amount is the favourite. In this case it is Philadelphia ML (Moneyline) -115 odds.
The numbers next to each run total is the odds the bettor will receive if he or she wins the bet. If Peter bets on the Red Sox, they would have to win by a total of 2 runs in order for him to win. If he bets on the A’s, they would have to win outright or lose by no less than 1 run.
The most common method of betting on baseball is with a money line. A money line is simply a bet on which team is going to win a game. Unlike with a point spread, it makes absolutely no difference...
NCAA brackets and NFL point spreads are easy to understand, even for the casual investor. But baseball betting—like betting for hockey, NASCAR, and tennis, among other sports—is a bit more ...
Simply put, a moneyline tells you how much you have to wager in order to make a profit of $100. Consider a hypothetical baseball game between the Chicago Cubs and the Los Angeles Dodgers. When looking at the moneyline for the game, a bettor will see something like this: Chicago Cubs +120. Los Angeles Dodgers -130.
Using the same formula: [Stake x Odds] + Stake = Total Payout. [100 x (7/1)] + 100 = $800. If you’re betting on a matchup where there is a favorite and underdog, the odds of the favorites are often referred to as the “odds on.”. The odds of the underdogs are referred to as the “odds against.”.