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Baseball betting lines can be quite tricky if you do not understand how the odds system works. Therefore, we'd like to take a little timeout to discuss the "money line" in which betting MLB baseball revolves around.
First off, a money line is not a point spread. Therefore, to win a bet in baseball against the money line all your team has to do is win the game. Sounds easy right? Well, it would be if weren't for the odds makers. They have designed a way in order to make bettors shy away from betting on the Yankees every time they play another weak American League Team, they do this through the MLB baseball betting lines.
But let's say for example purposes; the Yankees have a tough game with the Boston Red Sox. Mike Mussina is on the mound for the Yanks and Curt Schilling is pitching for Boston. The odds makers have made The Red Sox a -135 favorite. What this means is that sports bettors wagering on the Red Sox have to risk $1.35 to win $1.00. If the Red Sox win, the bettor takes home his wager amount of $1.00. If the Yankees win, the bettor loses $1.35 because Boston was in fact the favorite. However, we are not done yet. Let's examine the situation from the perspective of someone betting on the Yankees.
It is common for sports books to offer what is called a 20 cent betting line. This indicates that the Yankees would not be +135 they would only be +115. This is utilized by the book makers in order to split the action evenly on both teams and still make a profit. If the Yankees win the game, you would win $1.15 for every $1.00 that you have risked. If the Yankees lose, you yourself would only lose the amount you have risked or $1.00 in this example.
I know it sounds complicated but it's not too tricky once you get the hang of it. Hopefully, we have cleared up any misunderstandings you may have had about wagering on baseball and are ready to start beating the money lines. If you feel you have a good grasp on the way in which baseball betting odds work, take a look at the odds brought to you by Bodog and start winning today.
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