Major League Baseball (MLB) is a professional baseball organization and one of the oldest sports leagues in the US and Canada. It was founded in 1903 and currently consists of 30 teams of which 29 are in the US and one in Canada. Each season, baseball teams in the league play 162 games where five teams advance for a four-round postseason tournament. The competition then concludes with a World Cup Series. Betting on the MLB is equally as big as the event itself. That is why the best sportsbook in Canada will offer a vast selection of betting markets on MLB odds all season long.
In this guide, our experts will walk you through everything you need to know about betting on MLB games. You will learn how to read MLB odds, the different kinds of baseball betting lines available, find free picks, parlays, and the best tips on how to win. We also feature a list of Major League Baseball teams.
Major League Baseball betting odds are very simple to read. At Canadian bookies, you will find special odds such as MLB odds to win the World Series, playoff odds and promotions on everyday MLB baseball games. The system for betting odds works in two different ways: fractional and decimals. Fractions are presented in a slash form, e.g. 3/1, and decimals in numeric, e.g. 3.01. Both tell you how much your potential return is when you win, depending on the betting line that you choose.
For instance, say you choose the moneyline and Team A is set at -150. This essentially means that for every $1.50 wagered, your potential return is $1.00. If Team B is set at +110 then it means for every $1.00 wagered, your return will be $1.10. All in all, it means the probability for Team B to win is very low. You can choose to either bet on Team A, which is the favorite, or Team B which is the underdog to win the game outright.
More so, your potential return is also determined by the number of selections you make. For instance, a bet slip with a single selection has lower odds than parlays. Parlays or multi-bet is having multiple selections on a single bet slip, therefore odds are combined and your payout is bigger.
MAJOR LEAGUE BASEBALL BETTING LINES
Below are the most popular wager types in MLB betting:
Moneyline – the most common bet type for baseball. Here you determine which team is more likely to win a game and set a price accordingly, see example above.
Runline – works similar to betting against the spread in basketball and football. If a runline for Team A is set at -1.5 is means the team must win by more than 1.5 runs and if set at +1.5 it means the team must lose by no more than 1.5 runs.
Totals or Over/Under Wagers – determining the total amount of runs scored by each team. You select whether the number of runs will be over or under the set margin.
MLB Futures – making a wager on a long-term outcome, this could be determining which team will win the championship, e.g. the winner of the World Series.
FREE PICKS AND PARLAYS FOR CANADIANS
During the MLB season, top Canadian sportsbooks will offer their customers free picks and parlays on baseball games. Usually, you will receive a message on your sports betting account. When you open you will find a bet slip with parlay selections on an upcoming match or championship. If you like the free picks then you will use the code for the bet slip to automatically make selections. All that will be needed thereafter is you confirming your wager amount.
BEST TIPS TO WIN MLB PREDICTIONS
Betting on MLB baseball requires a great strategy in order to win. All this starts with doing a little bit of research on the teams you wish to wager on. You also need to check things such as injuries and latest standings. More so, start with single bets before you can go for parlays so that you don’t lose it all. Check MLB trends and also tipsters to make the best MLB predictions.
MAJOR LEAGUE BASEBALL TEAMS
Below are the current teams in Major League Baseball: