A $100 bet on Toronto 1.74 would return $174 ($74 in winnings).
Using the example above, a $1 bet on Toronto’s moneyline (1.74) would return $1.74 (74 cents in winnings). Decimal odds show the potential return on a $1 wager. While American odds are the most common way sportsbooks display MLB moneylines, some may use MLB moneylines in decimal odds. A $100 wager on Boston +115 would return $215 ($115 in winnings). If the Boston Red Sox are +115 moneyline underdogs (46.51% win probability), baseball bettors could win $115 on a $100 bet on Boston (Win $1.15 for every $1 wagered). A $100 bet on Toronto -135 would return $174 ($74 in winnings). If the Toronto Blue Jays are -135 moneyline favorites (57.45% win probability), baseball bettors need to wager $135 on Toronto to win $100 (bet $1.35 for every $1 you want to win). The underdog has a smaller chance of winning, presenting more risk, which promises a large payout if they win. team matchups, home/away splits, injuries, and even weather when fine-tuning those MLB moneylines.īetting sites most often display moneylines in a value of hundreds, otherwise known as American odds, with the moneyline favorite (team with the greater win probability) given a negative value (-) and the moneyline underdog (team with the lower win probability) given a positive value (+).īecause the favorite has a better chance of winning and therefore less risk, the moneyline favorite pays out less. From there, oddsmakers also look at current form, team vs. Moneyline odds are calculated from the implied probability of victory for each side, taking in numerous factors to create those odds: the most important being starting pitchers. What is a moneyline bet in baseball?Ī moneyline bet in baseball is a simple wager on the team you think will win the game.
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MLB moneyline betting is the most popular and straightforward way to wager on baseball: you pick which team you think will win the game.īut there is some complexity when calculating those MLB moneyline odds and following the best practices when learning how to make smarter baseball bets.