It’s a prediction of which team will win the baseball game. This is the most straightforward way to bet on an MLB game. To help you narrow it down, we’ve listed the most common bets on Major League Baseball.

The leading online sportsbooks offer 200+ MLB betting options in an individual baseball game, which is quite impressive but may seem overwhelming to some. What are the different types of MLB bets?

Return is how much profit you made plus your original wager amount.

Profit is how much money you won by placing your wager.

What’s the difference between profit and return? When breaking down the calculations for the return, it’s simply 10 multiplied by 1.59. A winning $10 bet on odds of 1.59 would see a return of $15.90. Decimal odds of 1.59 tell you that the total payout you will receive from a successful bet is 1.59 times the amount of your original wager. As the name implies, they are decimal numbers and always positive. Reading MLB Odds in the Decimal Formatĭecimal odds are the most common format used by European sportsbooks. For every $4 bet on a favorite with odds of 1/4, a better would earn $1 on top of their original stake for a total payout of $5. If the denominator is higher than the numerator, it shows the favorite team and signifies that the payout will be lower than the stake.įor a $1 bet on an underdog with odds of 4/1, a bettor would win $4 on top of their original stake for a total of $5.

If the numerator exceeds the denominator for a team’s odds, it indicates they are the underdog in addition to the profit being larger than the amount of the wager. In fractional odds, the numerator represents how much a bettor stands to win while the denominator indicates the amount of a stake. Used primarily in Ireland and the United Kingdom, fractions show the profit you would receive for a successful bet. Reading MLB Odds in the Fractional Format Both betting on underdogs and favorites will return your initial stake on top of your payout with a successful bet. The odds represent how much you’ll win if you bet $100. In this scenario, we need to stake $175 to win $100.Ĭonversely, perhaps you want to bet on the underdog with odds of +165. Again, for negative numbers, the value of the odds tells you how much you need to wager to win $100. Say you wish to wager on the favorite with odds of -175. Negative (-) odds show the favorite team and the amount needed to wager to win $100.Positive (+) odds show the underdog team and the amount of profit from a $100 wager.The odds indicate how much you need to bet and identify which of the two teams is the underdog and favorite. Odds start with either a minus (-) or a plus (+) and are always a whole number ( -135, +150, +250, -325, etc.). MLB odds, just as with other sports, are commonly expressed in three different ways:Īmerican odds are the most common format used by top U.S. But before you place your first MLB bet at an online sportsbook, let’s review what the pros already know. Should you want further assistance by the end of this guide, head on over to our MLB computer picks page to find additional tools to help grow your potential profits. We’ll touch on key dates in the MLB season, teach you how to properly analyze MLB betting odds and dive into the nomenclature as well as give you the insight you need to increase your chances of wagering success. Whether you’re a newbie to baseball betting or a seasoned pro in need of a quick refresher, we’ve got your back. 180 day time limit and other terms apply.īabyeze would like to encourage all of our customers to use our financial solutions responsibly.Have you ever glanced at an odds table and felt like you were deciphering ancient hieroglyphics? Don’t worry, understanding the odds is much simpler than it seems. Pay in 3 performance may influence your credit score. Borrowing more than you can afford or paying late may negatively impact your financial status and ability to obtain credit. Klarna’s Pay in 30 days is an unregulated credit agreement. The first payment is due at the time of purchase. Make sure you can make your repayments on time by each due date to avoid late fees. To be eligible for credit from Clearpay, you must be over 18 years of age and a permanent UK resident (excluding Channel Islands). Your credit provider will email you when it’s time to payĬlearpay lends you a fixed amount of credit to pay for your purchase over 4 instalments, due every 2 weeks.You’ll get an email confirmation of your purchase and agreement.Enter a few details, and you’ll know immediately if you’re approved.Select “ Clearpay / Klarna / PayPal Pay in 3” at the checkout page.

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