Betting on a Side
For those that don’t know, betting on a “side” simply means picking a team to win. When you wager on MLB baseball, you are betting on the money line and not using a spread–unless you bet on the run line, which will be talked about in a moment. Here’s a typical example of a betting opportunity in MLB baseball.
Seattle Mariners +110
New York Yankees -120
In the above example, you can pick either the Mariners or the Yankees. The team on the bottom is the home team. If you want to bet on the Yankees, you will need to lay $1.20 for every $1.00 you want to win. For instance, if you placed a $10 bet on the Yankees and they won, you would get back your $10 plus 8.33 in winnings. On the other hand, you could take the Mariners and get back $1.10 for every $1 wagered. If you wagered $10 on the Mariners and they won, you would get back your $10 plus $11.
Either way you play it, the team simply needs to win.
Betting on the Run Line
When you wager on the run line, you are either getting or laying 1.5 runs. The run line allows you to change the money figures. For instance, maybe there’s a heavy favorite you like, but there’s no way you are betting them at -200. You could bet the run line instead and knock that -200 down considerably.
Betting on the Over/Under
The over/under line is also called a “total” or “totals line.” When you make this wager, you are betting on the combined score of both teams. It’s pretty simple. If the line is 8 and you bet the over, you need both teams to combine for 8 or more runs to win (the exact number, 8 in this case, would be a tie and you get your money back). If you bet the under, you need them to score less than the number.