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Baseball

Baseball is the great summer sport of the United States, and the 162 game regular season of Major League Baseball, running from April to September, offers many betting opportunities to the sportsman. The most important person in a baseball game is the pitcher, which is why no baseball betting line is posted without naming the starting pitcher. Both starting pitchers must make at least one pitch for the game to be considered "action". If there is a change of one or other of the starting pitchers, all run line and total bets are voided and the stakes returned, while an odds adjustment takes place on the money line prices.

Houston: W Miller

+1.5

-190

St Louis: M Morris

-1.5

+160

In the example above, Houston, with Wade Miller as their pitcher, is the underdog, as indicated by the plus (+) sign in the run line. These figures mean that anyone betting on Houston wins if Houston either wins or doesn’t lose to St Louis by more than 1.5 runs. The second number, -190, is the price – this means that if Houston wins or doesn’t lose by more than 1.5 runs the bettor wins $100 for every $190 wagered.

In the second line St Louis, with Matt Morris as their pitcher, must win by more than 1.5 runs for the bet to win. In this event, the bettor wins $160 for every $100 wagered.

Baseball betting offers markets in the money line, run line (the same principle as point spread betting) and totals. The game must go to the losing team’s 5th inning at least for the money line to be considered "action". In run line or totals betting, the game must go to nine innings (or 8.5 if the home team is ahead) to be considered "action". Extra innings will count in the final result for all bets.

Money line

When a bettor bets on the money line, he or she is betting on the result of a game. They are betting on who will win a game, irrespective of the spread. 

Houston Oilers

+130

St Louis Cardinals

-145

In the above example, the minus (-) sign in front of the price means that the St Louis Cardinals are the favourites. The -145 means that the bettor will win $100 for every $145 bet. If the Cardinals win the game, a bettor with a $10 bet gets a return of $16.90 – the original $10 stake, and $6.90 profit.

Point Spread

Some games can be mismatches, where everybody knows who’s going to win a particular event. This is not very interesting to bet on, because the return on betting the favourite is not very high, and the underdog is highly unlikely to win in the first place.

The spread is what a sportsbook uses to make an event interesting for bettors.
Consider the example below 

Houston Oilers

+3.0

-110

St Louis Cardinals

-3.0

-110

In the example, the run spread is set at three points. The +3.0 after the Houston Oilers means that the Oilers are the underdog in this game; the Oilers must either win, or not lose by more than three runs, for a bet on the Oilers to win.

The –3.0 after the St Louis Cardinals means that the Cardinals are the favourite; the Cardinals must win by more than three runs for a bet on the Cardinals to win.

If Cardinals win by exactly three runs, then the bet is said to have fallen on the spread and is deemed a push. All bets are voided and the stakes returned in this instance.

The second number, -110, after each team is the price of a winning bet. A winning bettor will win $100 for every $110 bet.

 
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