An Introduction to Baseball Betting
Wednesday, August 4th, 2010
Betting baseball is much different than football. There is no spread due to the difference in scores (usually by 1 or 2 runs). It’s also more difficult because of the number of games throughout the season and the number of players moving from team to team. As a result, sports books use money lines to wager on baseball as is found in other sporting events.
Money Lines
The money line establishes the amount of money placed and the amount won when betting on the favorite or underdog. The highest negative line indicates the favorite while the lowest negative and all positive lines designate the underdog. A $100 wager is the basis for the money line.
An Example of the Money Line
If the Yankees are playing the Red Sox, with the Yankees being the favorite, the money line may be cataloged as Yankees -150, Red Sox +120. This means if you bet on the Yankees, you’re placing a $150 wager to win $100. If betting on the Red Sox, you’re placing a $100 wager to win $120.
How do Casinos Collect their Money?
Casino’s and sports books have set up a vigorish (vig) which is a commission made on each bet. It is the difference between the wager and the amount won. Casinos make their money when the favorite loses. For instance, if the Yankees lose the casino would collect $30. Since the house is collecting $150 for the losing bet and only paying out $120 to the winners, they profit $30 on every bet placed.
The Key to Baseball Betting
The most important aspect to betting on baseball games is the pitching. The money line is affiliated with the starting pitchers of that particular game. Money lines are adjusted when scheduled starting pitchers do not start the game. Based on this method, there are a few types of betting:
- Action
- Based on two pitchers
- Based on one pitcher
Action betting is when the wager is placed no matter which players are starting for either team. If the pitchers change, the bet stays. A two pitcher bet occurs when you base your bet on both starting pitchers. If one drops, the bet is canceled and your wager is returned. Finally with one pitcher betting, the basis of the bet is on a single starting pitcher. If he does not start the game, the bet is voided and wager returned.
Being successful at baseball sports betting is difficult to master. Since there are fewer individuals that bet on the numerous ballgames daily than on other sports, it can be a profitable niche if mastered.


