How to Bet on Baseball – Baseball Money Line Betting Tutorial

 

Last month, the baseball season finally began with lots of exciting games to bet on. At the moment, only the Pirates and the Yankees are undefeated. This early in the season, it might not be a bad idea to fading a team on your next bet might be a good idea. For that that have no idea what I am talking about, here a quick tutorial on How to Bet on Baseball.

This time around, I will begin by teaching How to Bet on the Money Line in just a few simple steps. Before we begin, what exactly is a baseball money line bet? A baseball money line bet is no different than any other money line wager. It’s all about predicting which team or person will win a game or contest, regardless of the final margin. Therefore, when you place a money line wager, you bet on the outcome of the game between 2 team or people.

Of course, there is a bit more to it because of the odds involved.

How to Bet on the Baseball Money Line

The Money Line is the most basic of baseball bet available because it is simply about picking the winner of the game. All sports bets have Money Line betting available and baseball is not an exception. However, to even out the betting, sportsbooks use baseball betting odds so that not everyone will bet on the favorite team.

For example, the NY Yankees are playing against the Chicago Cubs.  The NY Yankees have a stronger team and will probably win. Thus, in order to bet on the Yankees, the bettor must risk more money than he will win.

According to bookie pay per head reviews, by using such a method, the sportsbook ensures that not all of the bets will be on the Yankees.  This is because if everyone bets on New York, then they will lose money if they win.

This is what the Money Line Odds will look like for this scenario

·         NY Yankees -200

·         Chicago Cubs +170

This “-“ in front of the number means that the NY Yankees is the favorite team to win.  Thus, if you want to bet $100 on the NY Yankees, you will only win $50.  You figure out how much you win by dividing 100 by 200 and multiply it by how much you wager.  Therefore, if you bet $400 you only win $200.

On the other hand, if you bet on the Chicago Cubs, $100 and win, then you would get $170.  You figure out the calculation by simply dividing the odds by 100 and multiplying it by the amount you wager.

Simple enough right? Well, if that seems like it is too much of a risk. Then you might want to consider becoming a baseball bookie and take the action instead of putting it.