Sports Betting Guide

Baseball Betting Guide

January 26, 2024

Betting Guide

Welcome to the exhilarating world of baseball wagering! Whether you’re a rookie in baseball betting or just starting out in wagering altogether, the Baseball Betting Guide is here to arm you with essential knowledge before you place your wagers. Betting on baseball amplifies the fun of the sport, allowing you to immerse yourself in every pitch, hit, and run. Understanding some key concepts from the Baseball Betting Guide is crucial to elevate your betting experience and make well-informed choices.

Earnings and Gains Disclaimer

Note that earnings and gains might differ slightly based on methods and rounding applied during odds conversion or parlay calculations. The figures provided here are purely illustrative and might not match exact payouts or gains.

Grasping the Odds

A pivotal element of baseball betting is grasping the odds. These odds reflect the likelihood of a certain event occurring in a match, influencing the potential return on your bet. Baseball typically uses the American odds format, where odds are shown as positive or negative figures in relation to a $100 stake.

Positive Odds: For instance, odds of +170 signify that a $100 bet could yield a $170 profit. The larger the positive figure, the higher the potential return.

Negative Odds: Conversely, a figure like -220 means you must bet $220 to win $100.

Consider this scenario:

Chicago White Sox: -170

Chicago White Sox: -170
Atlanta Braves: +140

Betting $170 on the White Sox (-170) might result in a $100 payout plus your initial bet if they win. Alternatively, a $100 wager on the Braves (+140) could yield a $140 payout plus your stake if they triumph.

Selecting Your Bets

With a grasp of odds, let’s explore popular baseball bet types.

Moneyline

The most straightforward bet is the moneyline, where you pick the outright winner of the match, regardless of the score. For example, betting on the Miami Marlins to defeat the Milwaukee Brewers.

Example Game: Miami Marlins vs Milwaukee Brewers

Miami Marlins: -170
Milwaukee Brewers: +150

Here, a $170 bet on the Marlins winning would pay out $270 ($100 profit + original wager). Conversely, a $100 bet on the Brewers could return $250 ($150 profit + original wager).

Run Line (Point Spread)

The run line in baseball, akin to point spreads in other sports, typically sets a 1.5-run difference. This means the favored team must win by at least two runs. The odds balance the likelihood of each outcome.

Example Game: Cleveland Guardians vs Texas Rangers

Cleveland Guardians -1.5: +130
Texas Rangers +1.5: -160

A successful $100 bet on the Guardians, requiring them to win by 2+ runs, pays $230 ($130 profit + stake). A $160 bet on the Rangers allows them to either win outright or lose by 1 run and would pay $260 ($100 profit + original stake).

Over/Under (Totals)

This bet hinges on whether the total runs in the game exceed or fall short of the bookmaker’s set number.

Example Game: Tampa Bay Rays vs Seattle Mariners

Over 7.5: -120
Under 7.5: +100

A $120 wager on ‘over’ that results in 8 or more total runs would pay $220 ($100 profit + stake). Conversely, betting $100 on ‘under’ for a total of 7 or fewer runs would yield $200 ($100 profit + stake).

Team Totals

Here, you’re betting on how many runs a particular team will score, irrespective of the game’s outcome.

Example Game: Detroit Tigers vs Kansas City Royals

Detroit Tigers Team Total Over 3.5: -120
Detroit Tigers Team Total Under 3.5: +100

A $120 bet on the Tigers scoring over 3.5 runs would pay $220 ($100 profit + original wager) if successful. A $100 wager on them scoring under 3.5 runs would yield the same payout if correct.

Prop Bets

Prop bets focus on specific in-game occurrences, like a player’s number of hits or total strikeouts.

Example Game: Philadelphia Phillies vs Arizona Diamondbacks

Will Player Y Strike Out Over 3.5 Times? Yes: +220
Will Player Y Strike Out Over 3.5 Times? No: -180

A successful $100 bet on ‘Yes’ pays $320 ($220 profit + stake), while a $180 wager on ‘No’ would return $280 ($100 profit + original stake) if correct.

Parlays

Parlays merge multiple bets, where all selections must win for the bet to pay out. This can significantly amplify potential returns.

Example Games: Los Angeles Dodgers vs San Francisco Giants, Houston Astros vs Oakland Athletics, New York Mets vs Colorado Rockies, Atlanta Braves vs Miami Marlins

Los Angeles Dodgers Moneyline: -130
Houston Astros Run Line -1.5: +160
New York Mets/Colorado Rockies Total Runs Over 8.5: -120
Atlanta Braves Team Total Over 5.5: +140

The combined parlay odds and a $100 bet could yield a payout of approximately $2,500 if all selections win.

Same Game Parlay (SGP)

SGPs allow multiple bets within a single game, such as the outcome, player stats, and other metrics.

Example Game: Cincinnati Reds vs St. Louis Cardinals

Reds Moneyline: -160
Total Runs Over 10.5: +120
Player Z to Hit a Double: +350

A successful $100 SGP bet could result in a payout of around $1,900.

First Five Innings

Bet on the leading team or a tie in the first five innings, focusing on starting pitchers’ performances.

Example Game: Chicago Cubs vs Pittsburgh Pirates

Chicago Cubs: -130
Pittsburgh Pirates: +110

A winning $130 bet on the Cubs or a $100 bet on the Pirates would pay out proportionally, depending on the outcome after five innings.

Grand Salami

Bet on the total runs across all games on a given day.

Over 95.5: -110
Under 95.5: +100

A $110 wager on ‘over’ or a $100 bet on ‘under’ would pay out based on the total runs scored in all games.

Total Hits+Runs+Errors

Predict the combined total of hits, runs, and errors in a game.

Example Game: San Diego Padres vs Colorado Rockies

Over 27.5: -150
Under 27.5: +130

Bets on ‘over’ or ‘under’ would pay out based on the total combined count.

Home Run Props

Wager on home run-related outcomes.

Example Game: Toronto Blue Jays vs Baltimore Orioles

Total Home Runs: Over 3.5: +160
Total Home Runs: Under 3.5: -190

Bets on ‘over’ or ‘under’ would yield payouts based on the total home runs hit in the game.

Pitcher Strikeouts

Bet on a pitcher’s total strikeouts.

Player Y Over 6.5: +120
Player Y Under 6.5: -130

Bets on ‘over’ or ‘under’ would pay out based on the pitcher’s performance.

Stolen Bases

Wager on the number of stolen bases in a game.

Example Game: Milwaukee Brewers vs Minnesota Twins

Total Stolen Bases: Over 2.5: +130
Total Stolen Bases: Under 2.5: -160

Bets on ‘over’ or ‘under’ would yield payouts based on the total stolen bases in the game.

Inning-specific Bets

Bet on specific inning outcomes.

Example Game: New York Yankees vs Boston Red Sox

3rd Inning Winner

New York Yankees: +140
Boston Red Sox: -170

Payouts depend on which team scores more in the selected inning.

Seventh Inning Number of Runs

Over 1.5: -170
Under 1.5: +140

Bets on ‘over’ or ‘under’ pay out based on the total runs scored in the seventh inning.

Wager Responsibly

At Parlay Pimps, we encourage responsible betting. Set a budget, adhere to time limits, avoid chasing losses, and remember, betting is not a financial shortcut. Use tools to manage your limits and seek help if needed. Betting should remain a source of fun, not financial reliance.

Research

Informed betting decisions stem from thorough research. Keep abreast of team news, pitcher performances, weather conditions, and other game-affecting factors. Knowing teams’ and players’ strengths and weaknesses can significantly aid your betting strategy.

Conclusion

Armed with the insights from a Baseball Betting Guide, you’re set to enjoy the thrills of baseball betting. Understand the odds, choose wisely, manage your funds, do your research, and bet within limits as outlined in the guide. Betting on baseball can elevate your viewing pleasure, but approach it with the guidance from the Baseball Betting Guide and responsible gambling practices. Here’s to exciting and joyful baseball betting adventures!

Please remember that responsible sports gambling should always be done within your financial limits, never exceeding what you can afford to lose. It’s important to view gambling as a form of entertainment, not a way to make money, and to always be aware of the risk of addiction. If you feel you have a problem, seek help from a professional organization specialized in gambling addiction.