Baseball Betting How to Bet Basics
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Baseball Betting: The Basics
Summary:
Discover how to bet on baseball and learn why it's ideal for novice sports bettors.
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Betting on baseball is a great starting point for beginners because it is more straightforward than other sports like football and basketball, which involve complex point spreads. Baseball betting focuses on the money line, making it easier to place your bets. Additionally, the lengthy baseball season offers more opportunities to win. Here's a simple guide to getting started with baseball betting.
Understanding the Differences
Point Spreads
In sports like football and basketball, betting often involves point spreads. This method adjusts odds by subtracting points from the favorite team and adding points to the underdog.
Money Line
Baseball simplifies things by using the money line, which is based solely on which team wins the game. To balance the action, betting more on the favorite yields smaller returns, whereas betting less on the underdog brings higher returns.
For instance, if the money line is -170 for the favorite and +150 for the underdog, you need to bet $170 on the favorite to win $100. Conversely, a $100 bet on the underdog wins you $150 if they win. The difference between these lines is known as the twenty-cent line. Other variations like the ten-cent or dime line are also common.
Additional Betting Options
Sportsbooks provide more betting options beyond the money line:
1. Total Bets:
These bets focus on the combined runs scored by both teams. If the over/under is set at 7, betting the "over" wins if the total runs exceed 7, while the "under" wins if they total less.
2. The Run Line:
This is baseball’s version of the point spread. Betting on the run line means wagering on whether a team will win by more than one run (-1.5) or stay within one run (+1.5).
Payoff Calculations
While the money line simplifies betting, calculating the payoff can be tricky:
1. Favorite Wager:
Add 1 to the favorite’s price and divide it by the favorite’s price.
2. Underdog Wager:
Add 1 to the underdog’s price to calculate potential winnings.
Baseball betting's simplicity makes it ideal for beginners, offering an easy gateway to understanding sports wagering. With a longer season and clearly defined betting options, it’s a great platform to start your sports betting journey.
You can find the original non-AI version of this article here: Baseball Betting How to Bet Basics.
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