MLB Betting

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MLB 2021 Season Update

With only a handful of series left to play in the MLB’s regular season, the playoff picture is shaping up quickly. For some clubs, like the Chicago White Sox or Milwaukee Brewers, they’ve had their respective divisions wrapped up for some time. But for the likes of the defending champion Los Angeles Dodgers, they’ve been in a dog fight for the NL West crown nearly all season with the San Francisco Giants. Each of these clubs feature on our top-5 favourites to win the World Series pennant this fall and we’ll break down how they measure up on Bodog Sportsbook’s baseball odds.

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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 +300 MLB Odds

Since spring training, the Los Angeles Dodgers have dominated the odds board as heavy favourites. But it hasn’t been the cake walk that many predicted; in fact, they’ve been chasing their state rivals, the San Francisco Giants for much of the regular season, and continue to trail them by one game at press. Despite going 21-6 in August, LA dropped two of three to San Fran in the first series of September, which could prove trouble at the end of the season.

Tampa Bay Rays +400 MLB Odds

The Tampa Bay Rays just keep winning and now sit one game behind the aforementioned Giants for the best record in baseball. The Rays have owned the best record in the Bigs since the All-Star Break and have been fuelled by their offense, which leads the Majors with 5.44 runs scored per game. They’ll need that production to continue with Tyler Glasnow lost for the season following Tommy John surgery.

Houston Astros +550 MLB Odds

Things were getting tight in Houston with the Astros struggling at the end of August, but they’ve rebounded to extend their AL West lead to 6.5 games. Both the Mariners and A’s are hot on their tails, so Houston isn’t out of the woods yet. It won’t help that their ace, Zack Greinke, has been put on the COVID IL.

Milwaukee Brewers +550 MLB Odds

The Brew Crew have taken advantage of a sluggish NL Central and own the best road record in the Majors at 46-24. Starter Corbin Burnes has broken out in a big way for the Brewers this season and has amassed a 2.38 ERA and 0.96 WHIP over 144.0 innings pitched. He’s part of a group of steady starters that give Milwaukee an opportunity to win every night, but can they continue into the playoffs?

Chicago White Sox +600 MLB Odds

With so many pundits scoffing at the hiring of Tony La Russa, the 76-year-old has led the White Sox to an impressive 80-58 record at press. They’ll coast to the AL Central title, but it’ll be important for Chicago to maintain some urgency despite their cushy lead.

*Odds as of September 10th 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.

 

 

BET ON MLB

 

 

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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