- 1 The Latest MLB Moneyline Odds
- 2 Frequently Asked Questions about MLB Moneyline Bets
- 3 Advantages of MLB Moneyline Bets
- 4 Our Top Tips on How to Win an MLB Moneyline Bet
- 5 The Sports Daily MLB Moneyline Picks
- 6 The Best Sportsbooks for MLB Moneyline Odds
Baseball moneyline bets are some of the most popular in the sport. With 2,430 regular season games, this creates a massive amount of opportunity to utilize this market and in this article, we’re going to delve into MLB moneyline odds and how they work.
On top of this, we want to highlight some of the advantages of betting the moneyline market for MLB, along with giving you ways in which you can maximize returns. Included is info on live betting, payouts, examples, picks, and the best sportsbooks for MLB moneyline betting.
The Latest MLB Moneyline Odds
The tables below highlight several upcoming MLB games and the moneyline odds that are attached to each. These tables will be kept up to date on a weekly basis, so keep this page bookmarked for the latest MLB moneyline odds.
Houston Astros v Texas Rangers
San Diego Padres v San Francisco Giants
Baltimore Oreos v Cleveland Guardians
St Louis Cardinals v Cincinnati Reds
What is an MLB Moneyline Bet?
An MLB moneyline bet is a bet that is placed on the outcome of a match or market. This is often referred to as a “Straight” bet as there are no handicaps or spreads involved, meaning that your bet is on the result of the match.
You get two options for this bet, which are a home win or an away win. There are very rare circumstances where games will be tied, such as a rain delay and no way to continue the game the next day, if this occurs then the bet will be a push.
How do MLB Moneyline Odds Work?
MLB moneyline odds are reflective of the chance that each team has of winning the game outright. With American-style odds, you get a positive and negative number. The positive is the amount of money you get back for every $100 wagered and the negative is the amount you need to wager to make a $100 profit.
Odds can change based on factors that might influence the result. For example, let’s say that Mike Trout, who is widely considered to be the best player in the MLB right now, gets injured and is not available for the LA Angels. Given how good trout is, the chances of the LA winning will be reduced, meaning that the odds on the moneyline will drift (less chance of winning).
Another key area that affects MLB moneyline odds is the amount that’s been staked on a single bet. The more money that comes in, the greater exposure the sportsbook has to that result. To combat that, they shorten the odds to try and discourage people from betting on that selection.
The role of the sportsbook is to move odds to try and create a guaranteed profit on each result. If they get a massive bet on a single result, it means that they are likely not evenly exposed, which means they shorten the odds for that pick and lengthen for the opposite bet to try and balance the books.
MLB Moneyline Bet Example
The table below shows the MLB moneyline odds from an upcoming game between the LA Dodgers and the New York Mets. This is typically how a moneyline bet would look, with just two outcomes along with a positive and negative number representing the odds.
|New York Mets||-145|
There might be rare times when games are just too close to call and so essentially, they have the same odds for the moneyline. Odds for this will be both negative and usually around -105 to -110, depending on the sportsbook.
How are MLB Moneyline Bets Paid Out?
We’ll take the example above and highlight how MLB moneyline bets are paid out.
The negative odds always highlight which team is the favorite of the two. In this case, it would be the New York Mets who are priced at -145.
The positive odds for this MLB moneyline bet are for the LA Dodgers, who are priced at +134 and are outsiders to win the game. However, the odds are close (anywhere within +/-150 is deemed to be close) which means that there is likely value in both results.
Let’s assume that we place a $50 bet on each result. This would be our payout:
- $50 on LA Dodgers to win at +134 = $117 payout ($67 profit)
- $50 on New York Mets to win at -145 = $84.48 payout ($34.48 profit)
As you can see, you have more risk betting on the LA Dodgers, but you get a larger payout for the same price. If you were to try and match the return for both (based on a $50 bet on the Dodgers) you would need to stake almost double the amount at $98.
Frequently Asked Questions about MLB Moneyline Bets
What is the moneyline in MLB?
The moneyline in MLB is a bet where you choose one of the two teams to win the game. The amount that they win by does not matter if they win. It’s often referred to as “straight” betting.
How does moneyline work in baseball?
Moneyline is where the sportsbooks set odds for each team to win the game, regardless of the score. This is a straight-up market and it’s assessed on each team’s initial ability without any spreads or handicaps being applied. The market is then settled based on the winner of the game.
What does +200 on the MLB moneyline mean?
+200 in relation to the MLB moneyline is referencing the odds for that bet. In this case, +200 would mean you get $200 profit for every $100 you wager.
Is it better to bet moneyline or spread in baseball?
This all depends on the game that you’re betting on and the value that each market offers. You need to consider which odds you feel are higher than they should be and then this in turn highlights where the value is along with the market that you should be betting on. Some games will offer more value on the spread, whereas others will be on the moneyline.
What does a negative MLB moneyline mean?
A negative MLB moneyline generally highlights the favorite for the game in question. This is the shorter price of two (generally) and the figure will be the amount that you need to stake to make $100 profit. For example, odds of -145 will require a bet of $145 to make a $100 profit.
Why do MLB moneyline odds change?
MLB moneyline odds can change for a variety of reasons. This can include team lineups, form, weather conditions, money wagered on a single market, injuries, and much more.
How does a sportsbook earn money from MLB moneyline bets?
A sportsbook creates a market where they have a potential outlay on each result that will guarantee them a profit. For example, they might have an exposure of $100,000 across the two moneyline bets and a payout of only $90,000. This would mean that regardless of the outcome, they make a $10,000 profit.
How does a sportsbook determine an MLB moneyline price?
The price is determined by an in-house team that assesses each team’s chances. They use a lot of stats and data to come up with the chance of each team winning which then creates an implied probability. It’s then possible to convert this implied probability of each result into odds.
What if the price changes after placing an MLB moneyline bet?
Once you place your bet then your odds are locked in. Regardless of if the price changes after your bet have been placed, the price you took are the odds that you will keep. You can, of course, place another bet at the adjusted odds if you wish.
Are MLB moneyline bets good bets?
Any bet can offer value at some point and MLB moneyline bets are no different. If the odds that the sportsbook is offering are higher than the chance you think the team has of winning, then these bets will offer value. There is no definitive answer as it will change on a game-by-game basis.
Can you put MLB moneyline bets in parlays?
Yes, you can add MLB moneyline bets into parlays. In fact, this is one of the most popular betting markets for parlays. A parlay will simply multiply each of the odds per selection to create a single price. Tip – It’s better to convert odds from American to decimal to get your parlay price.
How to Place an MLB Moneyline Bet
The process of placing an MLB moneyline bet is actually very simple. We’ve used our number one pick as the best betting site for MLB betting, BetOnline, as an example to walk you through the process.
1) Register an Account
The first part of the process is to create a new account. You can click this link to be taken through to the BetOnline site and then click the “Join” button in the top right corner. You’ll be prompted to enter personal information for your account before confirming it via email.
2) Claim BetOnline Welcome Bonus
New accounts to BetOnline are going to get access to a welcome bonus worth up to $1,000. The bonus is a 50% match of your opening deposit and can be used with any MLB betting market.
Once your account has been set up and you’ve funded the account, you can now head to the MLB betting markets. The easiest way to get there is to head to the sports section and use the menu down the left to pick “Baseball”.
4) Place Your MLB Moneyline Bet
To place a bet you need to click on the moneyline odds for that market. In the image above you will see that we’ve selected Houston Astros to beat Texas Rangers at odds of -135. Once you click on the odds it will move your selection to your bet slip.
When the bet is in your slip, then you need to choose how much you want to stake. You enter this into the “Risk” box and the potential winnings will automatically pop up in the “Win” box. All you need to do then is to click the “Place Bet” button at the bottom of the bet slip.
5) Track Bets
Any live bets can be tracked within the same section where you find the bet slip. At the top, you will see an option for “My Bets” where all your live bets will be located. You can switch between pending and graded bets, which basically means live or settled.
Advantages of MLB Moneyline Bets
MLB moneyline bets can be some of the most profitable markets to bet on. Here are a few reasons why we suggest that you target these bet types specifically for betting on the MLB.
- Value – Moneyline bets are subjective, which means that the sportsbook is taking data and then applying that to create odds. It’s very possible that you disagree with these odds and therefore create value.
- Easy to follow – If you’re new to MLB betting then moneyline are the easiest bets to both place and follow. You pick your team and then it’s all about winning or losing. You don’t need to be worried about points or spreads, and you’re able to easily track how games are heading.
- Live betting – Following on from game tracking, moneyline is one of the best markets for betting live. You’re able to act on momentum in the game and then decide if those bets offer value or not.
- Boosted odds – Promotions and odds boosts are usually linked to moneyline betting markets. This will once again increase value for these types of markets that have been boosted and come with promos attached.
Our Top Tips on How to Win an MLB Moneyline Bet
Making money with MLB moneyline odds can be tricky, so we wanted to include a few tips that you can use to ensure you give yourself every possible chance. Use the guide below to hone your skills on the MLB moneyline today.
1. Check the Form
The easiest place to start is with the form guide. See which team is coming in with any form and then see how the odds reflect this. Most MLB teams will be streaky, so it’s not all that easy to find form teams, but with each game week, there will be standout teams that you want to target, even if they’re on the road.
2. Follow Changes in MLB Moneyline Odds
There are odds comparison sites that will track and allow you to see how the odds for each moneyline bet change. You’re looking for prices that have shortened as this is generally a good idea of where most of the money is heading. You don’t have to always follow the money, but there’s usually a good reason why more people are backing rather than opposing.
3. Starting Lineups
Lineups can change quickly in the MLB. Injuries are common, so to see the same players play night after night is rare. A key area to check for this is with the pitchers. It’s more common for these players to be rested or rotated than any other position, so check starting lineups to see if key players are missing which will affect the baseball moneyline odds.
4. Best Odds
We’ve added several examples of MLB moneyline bets throughout this article, and you can see that the odds can change quite dramatically from one sportsbook to another. It’s imperative to shop around for the best MLB moneyline odds to get maximum value from your bet.
A good strategy is to have 3-5 betting accounts with different books so that you can choose the best odds from that pack. Most pro sports bettors will have more than this and it’s all to do with getting the most value from their MLB moneyline picks.
5. Fade short Favorites
The MLB can be a highly competitive league, but, there are only a handful of teams that can win the World Series each season. There are hundreds of games to bet on, so when it comes to short-priced favorites (-200 and lower) there’s not much value in taking these on. It’s likely that you’re better off finding a stronger price that offers a similar amount of value, thus increasing ROI should it win.
The Sports Daily MLB Moneyline Picks
The Sports Daily has created a team that composes the best MLB moneyline bets today. To ensure that we offer the best possible MLB picks, the team works together to try and find value from moneyline markets, and then we post them on the site for readers to use.
All our tipsters initially work independently of each other. They trawl through the games daily to see who they think offers value. Then it’s a case of coming together as a team to see if the team agrees on each pick.
If more than one tipster has the same bet, then there’s a good chance that pick will make our list. If not, then tipsters will argue their case to highlight why they think certain bets offer value. It’s a long process, but one that is worthwhile and allows for us (The Sports Daily) to offer the best possible MLB moneyline picks today.
How do MLB Moneyline Bets Work with Live Betting?
MLB moneyline bets have a strong link with live betting. It’s the easiest market to track live and one of the best when it comes to value. Here is how they work:
- Before markets turn live, the moneyline bets will be hosted by the sportsbook. They are essentially still pre-game (Antepost) bets until the first pitch is thrown.
- Once the game starts, the market will start to move. This will be based on several factors, but the main one is how the game is starting to shape in terms of the score.
- As runs are scored, the odds will start to adjust. If a team goes in the lead, then their moneyline price will reduce. Likewise, if they fall behind the odds will increase.
- Moneyline bets will be run until the game is finished. One of the best things about baseball is that teams are still in with a chance of winning right until the final innings in most games. There are obvious exceptions to this, but the moneyline bet will be the one that runs the longest for the most part.
The Best Sportsbooks for MLB Moneyline Odds
Below we’ve included a list of what we think are the best MLB betting sites on the market right now. This list is ever evolving and while we rate all of the sportsbooks in this list, the top three are widely regarded as great places to start for those of you who are new to MLB moneyline betting.
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