How To Read Baseball Odds?
How To Read Baseball Odds? If you are new to baseball betting or just don’t understand how to read baseball betting odds, this article will help guide you through it.
Moneyline
Moneyline odds are the most common type of baseball betting odds. If you’re new to baseball betting, moneyline odds can be a little confusing. Basically, you’re betting on which team will win the game. The odds will be either positive or negative and indicate how much you will win or lose if you bet $100.
Decimal
In order to understand how to read baseball odds, you first need to know the different formats that they can be presented in. The three most common ways that you’ll see baseball odds displayed are as follows:
Fractional/UK format (e.g. 9/4)
Decimal (e.g. 2.25)
American (e.g. +135)
The vast majority of online sportsbooks will present their baseball odds using decimal format, as this is by far the easiest way for bettors to understand what they are looking at. However, it’s still important to know how to convert between the different formats, as this can come in handy in certain situations (e.g. if you’re placing a bet with a bookmaker who uses a different format to the one you’re used to).
To convert fractional/UK odds into decimal, simply divide the numerator by the denominator and add 1. So, 9/4 would become 9 ÷ 4 + 1 = 3.25.
To convert American odds into decimal, if the number is positive (+), divide 100 by that number and add 1. So, +135 would become 100 ÷ 135 + 1 = 1.37. If the number is negative (-), divide 100 by that number (without the minus sign) and subtract 1 from the result. So, -155 would become 100 ÷ 155 – 1 = 0.65
Fractional
In baseball betting, the most popular way to bet on the sport is moneyline. In moneyline betting, bettors will be given odds on which team is favored to win. The team that is favored will have negative (-) odds, while the underdog will have positive (+) odds. For example, if the Yankees are playing the Red Sox and the Yankees are -200 and the Red Sox are +170, that means that for every $200 bet on the Yankees, the bettor will win $100 if they win. If a bettor bets $100 on the Red Sox, they will win $170 if the Red Sox win.
Runline
Odds to win the World Series
The Red Sox are the favorites to win the World Series at +650, meaning a $100 bet would profit $650 if they were to go on and take home the title. The Yankees are next on the list at +700, followed by the Astros (+750), Dodgers (+800), Cubs (+1200), Braves (+1400), Brewers (+1600), Indians (+1800), Nationals (+2000) and Cardinals (+2200).
To bet on any of these teams, you would need to risk $100 to turn a profit of $650 (for the Red Sox), $700 (for the Yankees) etc.
Totals
Totals betting is probably the most popular baseball wager after moneyline betting. The bookmaker posts a total (over/under) and the bettor decides if the teams will score more or less runs than that amount.
Example:
Boston Red Sox vs. New York Yankees
Totals: 9.5
The bettor has to decide if the two teams will score more or less than 9.5 combined runs in the game. If they score 10 or more, then the bet is a winner, and if they score 9 or fewer, then the bet is a loser.
