Latest MLB Betting Odds

nflBaseball fans, as well as those who wish to keep heavily active in the wagering, will want to stay on top of the latest MLB betting odds. Since there are more MLB games than any other sport, you will not find yourself without a wager if you stick to the MLB odds. The latest MLB betting lines will give you a fair shot at winning some cash, especially if you manage to have the informative streak of success that carries many bettors into a long expanse of profit. If you happen to want to follow one team or many, then rest assured that the latest MLB betting odds will keep you covered every step of the way.

The 2012 MLB Season is well underway, but we are still in the beginning stages of the grueling 162-game season. We will keep you up to date with the Latest happenings in MLB, listing weekly updated World Series Odds in case any notable changes take place. In addition to game previews, we also list every betting line for the day in MLB below, so be sure to check them out.

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Daily MLB Betting Odds 

Types Of MLB Betting Lines & Odds

Below this section, you are going to see multiple lines for many different MLB games. If you’ve never bet on baseball before, or sports in general, it can be kind of confusing. We’re going to clear this up for you so that you will understand what you’re looking at, and find the bet that you feel the best about.

Runlines – Normally, this is called the spread but in baseball it is referred to as the runline. In general, every runline is set at 1.5 runs due to the obvious fact that one team must be ahead by a run to win the game. With that said, the favored team will need to win by 2 or more runs, or the underdog needs to win the game or lose by no more than 1 run. Where this bet differs from the spread is that the spread normally pays even odds to each team however that is not the case with runlines. When runlines are issued for a game, more often than not one bet pays much better than the other bet. This is because both sides of the bet aren’t exactly equal even though this game has been handicapped.

See the latest MLB Runlines from Bovada Sportsbook

Odds or Moneyline – This is the most common way to bet on professional baseball. The moneyline, as it most commonly referred to, is basically betting on the winner of a game. There are no runs that need to be covered in order to win the bet, rather the team that you bet on just needs to win the game. Depending on how oddsmakers view the matchup, the payout odds can vary greatly. If the teams are viewed to be equal or almost equal, the odds will be fairly similar for each team. If teams vary greatly, the payouts will vary greatly to the point where one team could pay 4 to 1 odds, or $4 for every $1 bet.

See the latest MLB Moneylines from Bovada Sportsbook

Totals or Over/Unders – A fairly simple bet is betting on the over/under or total for a game. Simply put, totals or over/unders are betting on the total number of runs scored in the game between both teams.

For instance, the total for the Yankees vs. Red Sox may be 6.5 runs. That means, a total of 7 or more runs must be scored for the “over” bet to win, and that no more than 6 runs can be scored for the “under” to win. Furthermore, you may see a total line of 8 runs. With those, a push is possible should both teams score a total of 8 runs. In that case, you get your money back. Also, know that betting totals on just one team is possible, though those are usually found under team props which we’ll be covering later.

See the latest MLB Over/Unders from Bovada Sportsbook

Other Types Of MLB Betting Odds

MLB Futures – In my opinion, these are the funnest types of bets. Future bets generally involved betting on a team to go all the way and win the World Series. Additionally, future bets can encompass division winners, and league championships. Futures usually pay great even if you take the favorite before the season starts. Future bets do run during the season, however odds pay the best before any baseball has even been played.

For instance, before the 2011 MLB season started, the Philadelphia Phillies were listed with 13/4 odds to win the title. Now, heading into the All-Star break, the Phillies odds are now 3/1. In other words, before the season the bet would pay $3.25 for every $1 wagered. Now, the bet only pays $3 for every $1 wagered. This might seem like much but it can really add up the more you wager. Should the Phillies continue winning, their odds to win the World Series may be as low as 2/1 heading into the post-season.

See the latest MLB Futures from Bovada Sportsbook

MLB Player Props – These are also very fun bets but instead of betting on a team, you’re betting on an individual and their performance for their team. These are great if you have a favorite player, or got a feeling a player is about to get hot.

For instance, the total number of hits for a player like Albert Pujols might be set at 1.5 hits. If Pujols gets 2 or more hits, the “over” bet would win and the opposite would be true if he had 1 or no hits during that game. The good part about this is that if Pujols is facing Roy Halladay, you can bet against Pujols. Additionally, wagers can be placed before the season on a player’s season stats in several key areas like hits, homeruns, RBI, strikeouts, season ERA, etc…

See the latest MLB Player Props from Bovada Sportsbook

MLB Team Props – There are many different types of MLB team prop bets, too many to cover completely here. Instead, we’re just going to give a few examples of what bettors may encounter.

Philadelphia vs. St. Louis – Team To Score First In The Game
Phillies -140
Cardinals +110

Bettors that wager on the team that scores the first run win this bet. With this particular example, the Phillies are favored to score first according to their -140 odds compared to the Cardinals +110 odds. With bets such as this one, it is important to note the home team and the away team. Since the Phillies are on the road for this matchup, they will be at the plate first and therefore have the best chance of scoring first. Also, note that oddsmakers do take into consideration who is pitching for both ball clubs.

Philadelphia Phillies Total Team Runs (vs. St. Louis)
Over 3.5 Runs -105
Under 3.5 Runs -135

This bet is easy enough. If the Phillies score 4 or more runs, the over -105 wins the bet. If they score 3 runs or less, the under -135 wins. In looking at the payouts, the under -135 is favored. This can be due to several factors, but it is mainly due to the fact that baseball is a fickle sport, and the best offense  could get shutdown by the one of the worst pitching teams. Furthermore, if the Phillies got out to a 3-0 lead, they may turn to a more defensive strategy to maintain their lead. Basically, any number for factors can contribute to these odds… just keep that in mind.

Philadelphia vs. St. Louis – Total Number Of Home Runs
Over 1.5 Home Runs +110
Under 1.5 Home Runs -140

A very simple bet to understand. Two or more home runs, the “over” wins. One or none home runs, the “under” wins. In this particular instance, oddsmakers are leaning towards the “under” as indicated by the -140 payline. Note that oddsmakers do take into account pitching, injuries, ballparks, and other season statistics when formulating their odds

See the latest MLB Team Props from Bovada Sportsbook