Knock your bets out of the park with our comprehensive guide on baseball. Whether you are a first-timer to the world of baseball betting or are looking to refresh your knowledge, this is the place for you. We will explain the necessary range of bets for you and get you started with some basic strategies. Are you looking to make a grand slam for your profits? Look no further.
Baseball holds a special place in American history as one of the oldest and most beloved sports. Without the worldwide fame that other popular sports have, like basketball and football, baseball is a quintessentially American sport. With the emergence of online betting, the ‘national pastime’ has seen a surge in fame.
With thousands of fixtures each season, relying on statistics has never been more fitting. This makes learning how to bet on baseball a valuable asset to your odds of winning. Want to learn how to bet yourself? Here at Betting Guide NJ, we want you to enjoy the excitement of online betting on baseball and hit those home-runs!
What can you find in this guide?
- How to get started in online betting on baseball
- Basic types of online baseball bets
- Tips to make a profit
- Online Baseball betting FAQ
Time at bat! How to get started in online betting on baseball
Over 15 online NJ sportsbooks are now active, and all of them offer the placement of baseball bets. So many choices mean a wide variety of odds and promotions. Luckily, in baseball, the payouts on bets won’t change much from sportsbook to sportsbook.
Starting with online baseball couldn’t be easier. Either use your account at one of the certified NJ sportsbooks or sign up and create a new account! Make sure to take a look at what welcome bonuses are available with each online sports betting site; you don’t want to miss out on these. Once you signed up, head on over to the baseball page. Now you can place a bet on any of the hundreds of matches played each MLB-season.
Types of online bets in baseball
The next step for you is to comprehend each bet associated with this beautiful sport. Here’s a look at the most common types of baseball bets.
The most straightforward type of bet that you will see in each conventional sport. MLB-money line is an outright bet on the team that will win. For each match, teams receive their three-digit odds. As always, this number is the amount you win when you wager $100. Let’s look at an example of this.
- The Boston Red Sox play the Toronto Blue Jays. With odds for Boston of -110 and Toronto at +180
- If you bet $110 on the favorite in Boston and they win the game, your total returns are $210 ($110 original bet + $100 winnings)
- When betting $100 on the underdog in Toronto and they happen to win, you get paid $280 ($100 original bet + $180 winnings)
As you can tell, placing a bet on the underdog might net you more, but the likelihood of this happening can beconsiderably lower.
Run line (spread betting)
If you do not want to go for the most popular bet in the money line, the run line is a great runner up. With this bet, you are guessing on with how many runs your winning team will smash the opponent.
Common choices of spread betting is a 1.5 or 4.5 option. A team with a run line in the positive means that they are the underdog. When they have a negative run line, they are the favorites. An example of this could be:
- Tampa Bay Rays -1.5 (-142) vs. Baltimore Orioles +1.5 (+120)
- Betting on the Rays at -1.5 requires you to wager $142 to win $100. It would require the Rays to take the win by at least two runs for you to get paid.
- Betting on the Orioles at +1.5 is a more profitable wager. Placing a $100 bet gains you $142 profit, as long as they lose by less than two runs, or when they win.
The most seen run line is 1.5, but there are instances of higher values, offered at sportsbooks with more spectacular odds.
Over/under bets in baseball are based on the total amount of runs during a match. Online bookmakers will set a total for every game, and bettors wager on whether the total amount of runs scored between the two teams will go over or under that set total.
Some games feature incredible defense and world-class pitchers, severely restraining the potential for runs. You can find totals as low as 6.5 for these low scoring games.
Other games have expected totals as high as 11. This could be because of the high average hitting rate of the team or weak defense. While money line bets count regardless, whether the match finishes or not, the over/under bets must go the full nine innings to count. Even if you have already reached the number of runs necessary to win the bet, the wager will be graded as no action if it is cut short due to weather.
One of the riskier bets to make, parlays give you the chance to wind up with a big payday. Parlays link multiple matches into one bet with increased odds. It is customary to find only money line wagers in the parlay, but there are more complicated bets that include spreads and over/under bets as well. The catch is that you are required to hit all the outcomes within the parlay to triumph.
Money line parlays are a great way to improve the payoff if you will be betting on the favorites anyway. Combine the bet if you happen to see a parlay optional at your online sportsbook.
This gimmick bet adds a whole lot of fun to your gameplay. Prop bets, or proposition bets, are a wide range of bets on various elements of baseball games, including player and team statistics. You can find more and more prop bets nowadays, for example:
- Who will score a run first
- Whether the match will go extra innings
- How many hits a specific batter will make
- How many strikeouts a pitcher will have
- Over/under on total of runs, hits, and errors.
First five innings
A great way for bettors to not worry about relief pitchers: since most starting pitchers usually last about five innings, you only have to rely on these elites to influence the score. Bets in this category will only count for the first five innings, nothing more.
The bet with the longest run time and considered one of the most difficult too. Instead of looking at one match a time, why not predict who will be the winner of the World Series. Think you got what it takes? Look at some of the future bets you can make.
- Division Winners
- League Winners
- World Series Champion
- Most Valuable Player
- Team Wins Over/Under
Tips to make a profit with online baseball betting
Strategies are easy to come by and can benefit greatly. Devising your tactics is vital to your long-term success. Here at Betting Guide NJ, we want you to succeed often and win big, so here are our top 5 pointers to get you on your way to creating a master plan.
Bet against the public
Baseball has thousands of bettors on each match. Most of them will not be reading up on the latest news or hottest tips. They likely choose based on whoever is the favorite, how many star players a team has or which franchise has the biggest fanbase. By going against the grain, you are taking advantage of odds explicitly created for these people. The house is always looking to make money, which means they will be making the most out of the unknowing punters.
Don’t bet the favorites.
Your average joe betting on the game loves going for the favorites. Online sportsbooks grab this opportunity with both hands by giving awful lines for those favorites. Even with odds at -200, ignorant bettors will still bet and lose value, time after time.
Know the weather
Weather can play a highly influential role in the amount of (home)runs. Wind blowing in the direction of the pitcher makes the chances of a homer a lot lower. In contrast, the wind blowing away from them can benefit the batter tremendously.
Shop for the best lines
It might sound tempting to stick to a single sportsbook. It could be for a particular promotion or reward you are trying to reach, or for the ease of having all your money in one place.
Unfortunately, one of the biggest mistakes new bettors make is betting through only one sportsbook. Instead, we advise you to open up multiple accounts at several online sportsbooks so that you can shop for the best lines.
Money management is one of the most critical factors for long-term success. Chasing your loss can be tempting when you hit a particularly bad streak. Doubling down might sound sensible when you are seemingly unbeatable. At Betting Guide NJ, we recommend a flat-rate approach. Decide on the percentage of your bankroll that you are willing to bet. A decent rate can be found between 1% and 5%, depending on how much risk you are ready to take. After setting this bar, stick with it for every bet.
We also recommend avoiding parlays or futures. As appealing as they look, the odds of winning are astronomical and not worth it most of the time. Stay with single games, it’s already hard enough to win one wager, let alone two or three at the same time.
Baseball Strategy FAQ
What's the best type of bet in baseball?There is no such thing as the best type of bet in baseball. Most of them depend on your knowledge of the game to decide which one you like best. It is wise to avoid bets with extremely high lines, like parlay or future bets.
My online bookmaker shows my bet is a push; what does this mean?This means that your spread bet was tied. Neither the sportsbook or you won the bet, so your money will be returned to your online wallet.
Can I only bet on Major League Baseball?While there are options to bet on minor leagues, they are hard to find. Not all sportsbooks offer these markets. We suggest sticking to the major league, seeing that a plethora of games is available for bets.