MLB Betting

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MLB Betting Update

Despite there being only one series remaining in the regular season, there is still a lot to be decided before the MLB playoffs begin. Perhaps the most thrilling of races is a four-team battle for the AL Wildcard. At press, the Yankees, Red Sox, Blue Jays and Mariners are within one game of one another for the final two AL Wildcard spots. In the NL, the battle for the NL West continues to wage on as it has all season long. The LA Dodgers trail the San Francisco Giants by just two games at press and the lead will determine who has home field advantage throughout the playoffs in the NL. 

While the end of the regular season will feel like the playoffs for some teams, the clubs that hold the top baseball odds at Bodog’s sportsbook have long had their playoff tickets punched. The LA Dodgers are the only club on that list that isn’t a division leader, but that hasn’t stopped them from holding down the pole position at +350. We’ll preview why the Dodgers are the betting favourite as we begin baseball’s second season and discuss some other betting options that could surprise the LA juggernauts.


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MLB 2021 Odds to Win the World Series

There should be no surprises on this World Series odds list, but how each team has gotten here and how they’re performing down the stretch will give bettors a lot to chew on as we prepare to make a wager on the World Series favourites.

Los Angeles Dodgers +350 MLB Odds

Last year’s World Series champions have done everything possible to stack their roster with veterans that are hungry to earn a ring in the twilights of their careers. Max Scherzer and Albert Pujols have both felt the glory of winning a pennant, but with the possibility of being in their final seasons, these future Hall of Famers want to go out with a bang. Those veteran pros have been the perfect addition to a roster that thrives off depth. LA has outpaced all other clubs in the Majors with a +255-run differential, but because of a historic season from their northern Californian rivals, they still find themselves in second place in the division. You can bet LA will do everything in their power to secure their ninth-straight NL West title in the final games of the season.

San Francisco Giants +500 World Series Odds

It’s hard to bet against the Giants in 2021. They’ve been the best team in baseball all season long and have already set a franchise record for the most wins in a season. And while it feels like these Giants are a bit of a Cinderella story because they failed to break .500 in each of the previous four seasons, don’t forget that San Fran has won the World Series three times since 2010; they know what it takes to be successful come October. Unfortunately, this version of the Giants will have to play without the services of first baseman Brandon Belt, who’s expected to miss the next four weeks with a fractured thumb. Belt leads the team in homeruns (29), so they’ll need Brandon Crawford, Buster Posey and Kris Bryant to fill the power void left behind. 

Houston Astros +500 World Series Odds

The Houston Astros arguably own the best offense in baseball. They sit first in team batting average (.266), second in runs (840) and second in OPS (.778). Those wicked stats have come on the backs of breakout seasons from Yuli Gurriel, who’s hitting .316 on the season, and Yordan Alvarez, who leads the club in homeruns (32) and RBI (101). But a slowdown in offensive production has caused the Astros to slide late in the season. Houston has lost five of their last seven games and have scored just 15 runs over that span. That recent drought has caused their lead in the AL West to shrink to just four games, as the Seattle Mariners are making a strong late-season push. While we don’t think the Astros are at risk of missing out on the playoffs, it is troubling that they’re scuffling at the most important time of the season. 

Tampa Bay Rays +700 World Series Odds

The best team in the American League and the AL’s World Series representative from 2020 sits just outside of the top three favourites to win in 2021. With Wednesday’s 7-0 victory over the Astros, Tampa Bay notched their 98th win of the season, which set a new franchise record while also locking up home field advantage throughout the AL playoff bracket. That’ll be a huge boost for a club that has absolutely dominated at Tropicana Field this season, going 52-29 on the year. Tampa continues to defy the odds, playing in the AL East with the fifth-lowest payroll in the Majors. They’re a team that’s easy to root for and they don’t seem to be taking it easy down the stretch despite having the AL East long secured.

Chicago White Sox +750 World Series Odds

With the acquisitions of Lance Lynn and Craig Kimbrel, and the signings of Adam Eaton and Liam Hendriks, the White Sox signaled to baseball fans that they were in it to win it in 2021. And that’s exactly what they’ve done. Benefitting from an extremely soft AL Central, Chicago has had the division locked up for some time. Tim Anderson and Jose Abreu are having terrific offensive seasons for the South Siders, while Lucas Giolito has impressed as the White Sox’ ace with a 3.58 ERA over 30 starts.

Milwaukee Brewers +750 World Series Odds

Sharing the fifth spot on the odds board with the White Sox are the Milwaukee Brewers. The Brew Crew will make their fourth-straight postseason appearance this October and will win the Central for the first time since 2018. The Brewers have thrived on stellar pitching all season long, with a team ERA of 3.39 and the third-best team WHIP (1.17) in the league. They’ll be without their setup man for the playoffs, however, after Devin Williams broke his hand when he punched a wall during a team celebration. It remains to be seen how manager Craig Counsell will maneuver his bullpen to make up for the loss of Williams.

*Odds as of October 1st 2021

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How to Bet on Major League Baseball


The World Series is regarded as a national holiday for baseball fans everywhere making major league baseball one of the best sports to bet on. Even if the game has started, you can still get in on the action by live betting on MLB. The run line, total, and moneyline odds are all available live, along with a slew of at-bat betting options. Betting live is a great way to feel engaged with every second of the game.

Whether you’re a beginner sports bettor, or a seasoned vet looking for new ways to get in on the action, you’ll benefit from this guide on MLB betting. We’ve compiled this detailed guide to equip you with a betting edge throughout the 162-game season. Baseball fans love intensifying the viewing experience by betting on their favourite teams, and soon enough, you’ll be able to as well. Read on for everything you need to know about wagering on MLB baseball this season.



Betting on MLB


Just when you thought MLB baseball couldn’t get any better, you now have the opportunity to pick and choose your favourite teams and players and place a variety of interesting bets on every game you watch. A few examples of popular bets available at Bodog Sportsbook include props, parlays, and the big three single bets, but the MLB betting options are really limitless. We’ll explain how to bet on all aspects of the game, starting with one of our most popular bets: the MLB run line.



Betting on MLB Run Lines


One of the most common questions we get asked is: how do MLB run lines work? If you’ve asked this question before, this section is for you. Here is MLB run line betting explained in detail.


In most baseball games, there is a favourite and an underdog. In order to make both teams appealing picks for bettors, oddsmakers use MLB run line betting. The run line bet includes a 1.5-point spread (in most cases) that gives the underdog a boost. Think about the 1.5 points as an acceptable win/loss margin. The underdog can lose by 1 run and still pay its bettors. As for the favourite, they must win by more than two runs in order to pay their bettors. The result is stronger odds for the underdog and bigger payouts for the favourite. Let’s use an example to illustrate:


Los Angeles Dodgers –1.5 (–170)
San Diego Padres +1.5 (+125)


The team with the negative spread is the favourite, and the team with the positive spread is the underdog. In this example, Los Angeles is the favourite and is laying 1.5 points to the Padres on the run line. If the Dodgers win by 2 or more runs, Dodgers bettors win. If San Diego wins the game, or loses by just 1 run, San Diego bettors win.

The number in the brackets beside the spread are the attached moneyline odds for each team on the run line. By looking at the odds, you can tell how much you’d get paid for your bet. In our example, a $170 bet on Los Angeles yields a $100 payout (keep in mind LA is the favourite), whereas a $100 on San Diego yields a $125 payout. Oddsmakers can shift these odds in order to even out the betting on both sides, thus reducing the book’s risk of exposure.



Betting on MLB Moneyline Odds


For a simpler betting experience, consider betting on MLB moneyline. If you’re wondering what MLB moneyline odds are, you’re not alone. They’re not self-explanatory when you look at them. There’s no spread attached to the game, just odds for each team, so you’re simply picking the winner straight up. If your pick wins, you win.

Moneyline betting is very popular with beginner sports bettors and advanced bettors who are trying to predict an upset. The underdog doesn’t get any advantage, so they have longer odds than they’d have with the spread. Let’s take a look at an example of moneyline betting in MLB.


Houston Astros –300
Seattle Mariners +230


The moneyline odds are –300 for Houston; they’re the favourite as you can see by the “–“ sign. If the Houston Astros win the game, bettors get paid $100 on a $300 bet. Conversely, if the Seattle Mariners win the game, Seattle bettors get paid $230 on a $100 bet. Keep in mind, you don’t have to bet $100; this denomination is used industry-wide for the sake of simplicity. After five innings of play, moneyline wagers are official – even if the game doesn’t play to completion.



Betting on MLB Totals 


Total betting is unique in that you’re not betting on the winning team; instead, you’re betting on how offensive or defensive a game will be. MLB Totals gives bettors an opportunity to bet on the total number of runs scored in a game. Oddsmakers will come up with a prediction, and you bet on the actual total score between both teams going over or under the prediction.


Totals (over-under):
San Francisco Giants  6.5 (–120)o
Chicago Cubs  6.5 (+120)u



How does betting on MLB totals work?


In this example, oddsmakers have come up with a total of 6.5 for the Giants-Cubs game. The half-point in the total prevents ties from happening (if the total was 6, and the teams tied 3-3, the result would be a push). You’re betting on the total points scored by both teams being higher than 6.5 or lower than 6.5. The “o” is for Over, and the “u” is for Under.


The payouts for totals can be derived from the moneyline odds in the brackets. Bettors who take the Over will get paid $100 on a $120 bet, while bettors who take the Under will get paid $120 on a $100 bet. In this example, the Over is the favourite.






Betting on MLB Futures


The MLB futures market is the place to be for betting on the winners of major titles – like the World Series, or the AL or NL Championships. You’ll even find smaller victories like MLB division winners in the futures section of the sportsbook. A futures bet is a long-term wager on an outcome of a future event. In terms of value, quite often, the further away the event, the better the MLB futures odds are for you. For that reason, people like betting on MLB futures before the season starts.


To illustrate the way futures odds progress through the season, we’ll look at the World Series winners of 2017: the Houston Astros. People who snapped up the Astros preseason got them for +1400 – which was an absolute steal. They came out strong, causing their odds to shrink to +425 by midseason and then to +145 right before the World Series started. Think you know which team will win the World Series? Cast your vote in the futures section of our sportsbook, and you could walk away a winner.



Betting on MLB Props


MLB props give fans a chance to bet on events and stats that happen alongside games. These propositions don’t involve betting on the winning team in a game or series. They’re more like side bets that complement the betting action. An example of a prop is betting on how many games a team will win in the regular season, and how many homeruns a star player will hit.


MLB prop bets can use the “Totals” style of betting, where you bet over or under a specified number. For example, Will the Yankees win over or under 90.5 games? This is also an example of MLB season props. Another way that prop bets can be structured is with “Yes” or “No” as betting options. For example, Will Tim Tebow make it to the MLB? A third style of prop bet is a single proposition with several answers. For example, every season, there are props for the MVP and Cy Young winners. The potential picks are listed with odds beside each name.



Betting on MLB Parlays


If you have a number of bets you’d like to place, you could place them individually as single bets, or you could group them together in a "mega" bet, also known as a parlay. The benefit of parlay betting is the payout. You’d win a lot more from a parlay bet than you’d win if all your single bets came through. The flip side is all of the bets in a parlay must win in order for your parlay to win. If one of the bets loses, the entire parlay loses.


Between two and 12 bets can be parlayed together in our sportsbook, and when one bet results in a push, it’s removed from the parlay. For a single game, you can combine the totals with the moneyline or run line odds, but you can’t combine the moneyline with the run line. Some futures and props bets can also be included in parlays. To find out if it can be parlayed, add your bets to your Bet Slip and see if the word “Parlay” appears with a box to check. Let’s look at an example of a two-team parlay to compare the payout in a parlay vs. the payout in single bets.


Tampa Bay Rays  +175
New York Yankees   –210


Florida Marlins   EVEN
Chicago Cubs  –120


After doing some research, you feel confident that the Tampa Bay Rays will beat the New York Yankees and the Florida Marlins will beat the Chicago Cubs. You put $100 on the Tampa Bay Rays and $100 on Florida Marlins as two single bets. If the Rays win, you get $175. If the Marlins win, you get $100. Your total gain would be $275. If you put your $200 on a two-team parlay for Tampa Bay and Florida, you’d win $900. Doesn’t that sound better? When using standard –110 lines, two-team parlays generally pay 2.6/1, whereas three-team parlays pay 6/1. Always punch the numbers in the Bet Slip and to see your potential earnings.



MLB Live Betting Explained


It’s never too late to bet on a game at Bodog Sportsbook. Even after the game has started, you can still get in the action by live betting on MLB. The run line, total, and moneyline odds are all available live, along with a slew of at-bat betting options. Not sure who will win the game but think you can pin down which team will be winning at a specific point in the game? Bet on segments of a game such as the first five innings. You can even bet on the total runs in any given inning. Betting live is a great way to feel engaged with every second of the game, as you’re constantly assessing where the game is going in order to gain an edge. Here are some popular live bets:


• Bet on the outcome of the plate appearance. Think the batter at plate is going to get a homerun? Check the odds and assess the value. You can bet on several outcomes in the Live Betting tab, including a single, 2B, 3B, strikeout, walk, groundout, fly out, and several other combinations.

• Bet on the number of runs the at-bat team will have after a half-inning. These bets can be a total where you try to predict if the number will be over or under a specified number, or an exact bet where you select a specific number (0, 1, 2, 3 etc.).

• Bet on the number of hits the at-bat team will get during the half-inning. Just like the runs outcome, the number of hits can show up as either a total (or a few totals), or a specific number.

• Bet on the number of strikeouts that will be thrown in a half-inning.

• Bet on the number of pitches that will be thrown in a half-inning.


Every game presents a new opportunity for MLB betting magic. With a keen eye for a potential upset, picking pitchers’ duals for the under, or long-term World Series predictions in the MLB futures, there’s never been more options to add a new flavour to the Big League experience. Stay tuned for odds updates on every team in the Majors and watch the futures trends as the favourites emerge during the season.

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