Major League Baseball has always been a popular option for sports betting. As one of the oldest games in North America, it should come as no surprise to hear that baseball bets are popular among active gamblers. With baseball analytics growing in recent decades, it has become easier for smart players to perform well with MLB futures odds. Here we will be looking at everything baseball fans need to know about MLB betting odds and who it makes sense to place a moneyline bet on.
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How to Bet on the MLB
Before you place your first moneyline bet, you need to understand MLB odds and sports betting. Fortunately, it is not that challenging to make a baseball bet at most sportsbooks. Sites make it easy to make a single wager, parlay bet, or even make live bets. Here are the steps bettors should follow for making wagers on MLB future odds, MLB series odds, MLB player prop odds, and more baseball betting.
- Identify a few sportsbooks and compare the MLB odds they give on different betting lines.
- Pick the website that gives you the best odds on the MLB game you want to wager on.
- Register an account you can use through the MLB season.
- Deposit money into your account for future wagers.
- Place your first wager of the season.
The number of different sports you can bet on
Can you cash out of bets before an event has finished?
Can you create your own personalised bets?
The number of different sports you can bet on
Can you cash out of bets before an event has finished?
Can you create your own personalised bets?
The number of different sports you can bet on
Can you cash out of bets before an event has finished?
Can you create your own personalised bets?
MLB Betting Updates & Events to Bet On
Updated Mar. 28, 2024
MLB Opening Day: Blue Jays vs Tampa Rays
The Jays are underdogs today – 2.15 at BetMGM, with the Rays1.74. Jose Berrios starts for the Blue Jays, Zach Eflin for the Rays. The 5 favorites for MVP this year currently according to DraftKings are Julio Rodriguez (7.00, 18% handle, 16% bets), Juan Soto (7.00, 16% handle, 11% bets), Gunnar Henderson (16.00, 10% handle, 8% bets), Bobby Witt Jr. (14.00, 7% handle, 9% bets), Mike Trout (21.00, 6% handle, 8% bets).
Types of MLB Bets
If you are new to MLB odds and betting, you might not know that there are several types of MLB public betting. For example, you can wager on the moneyline, futures like the MLB MVP odds, same game parlays, the run line, player props, and the over/under. Here's what you need to know about each type of MLB bet prediction.
MLB Moneyline
MLB moneylines are among the most popular wagers bettors can make. Moneylines refer to the wagers you make when you are betting on the winner of any given game. So, if you want to wager on the New York Mets winning a game outright. You will take their side of the moneyline. When looking at the moneyline odds, the team with minus odds is the favorite, and the team with plus odds is the underdog.
MLB Futures
Futures can refer to a variety of different bets. The payout for these types of wagers can vary greatly because some require home runs to get right. Common futures MLB bets today include odds of making playoffs MLB, MVP odds MLB, and MLB title odds. However, you can also bet on more niche futures like MLB awards odds, including MLB rookie of the year odds. If you want a chance to win a large amount of money you can look at MLB world series odds beginning of season.
MLB Parlays
A parlay is a bet that combines several wagers into one. So, you can place a moneyline bet on a team to win, while also wagering on a few player props. If they all hit, you will get a much larger payout. However, if even one of them miss, your payout will be zero. It's a risky play, but it gives much better odds.
MLB Run Lines
The run line is the baseball version of a point spread bet. The run line is similar to the moneyline because you are still wagering on who you think is going to win in most scenarios. However, it is more challenging to wager on the favorite than with the moneyline. For example, the MLB odds could give one team a run line to win by 2.5 runs or more. If they win the baseball game by only 2 runs, the winning bet would be on the losing team. This type of betting is more technical than simply making a wager on a baseball moneyline.
MLB Over/Under
The over/under is much easier to understand than other lines. With this type of MLB baseball odds, you are wagering on the combined number of runs that will be scored in a baseball game between both teams. A sportsbook will set lines for each game with a certain number of runs. You can bet for the game to go over that number of runs, or under it. Keep in mind, if a game goes to extra innings, those runs still count.
MLB Prop Bets
MLB prop bets refer to wagers on specific things to happen in a game, whether they be from a player or team.
Top MLB Betting Sites in Canada 2024
As we continue our MLB betting guide, we want to look at some of the best gaming casinos available to bettors. These three casinos provide some of the best MVP MLB odds, MLB postseason odds, and MLB WS odds. They also have good lines on props and payout at good rates.
TonyBet Sportsbook
Tonybet is a great MLB betting public sportsbook . It provides a great place for MLB baseball betting while providing some of the best MLB odds today. Props can be wagered on, as can futures and other lines. If you are a bettor looking for a new place to bet, Tonybet Sportsbook is a good place to start and become a winner.
Sports Interaction
Sports Interaction is a popular sportsbook with excellent postseason odds MLB. It provides one of the best MLB betting experiences you can ask for. You can wager on MLB pitching matchups and odds, make MLB betting predictions, and place your best MLB bets for today here. Visit Sports Interaction for the MLB best prop bets today.
William Hill Sports
William Hill is another sportsbook with some of the best MLB baseball betting odds. The site offers MLB baseball betting tips to new players. So, it is a good place to get your MLB betting online experience started. Our MLB betting advice is to consider picking William Hill as your first sportsbook.
Top Ontario Sportsbooks for MLB Betting 2024
Ontario sports betting is not something all residents fully understand. Although it has not always been legal, it is now. It was legalized a few years ago, and you can legally wager on any game online on a website that is licensed by the Alcohol and Gaming Commission of Ontario, or another regulatory body recognized by the provincial government.
BetRivers Sportsbook
Whether you want to bet on the spread for a game with your money, or the winner of the season, BetRivers provides a great place for you to earn winnings. The site is easy to navigate on desktop and mobile. So, if you want the best bets today MLB, head to BetRivers Sportsbook.
PowerPlay Sports
PowerPlay Sports gives users excellent MLB odds to make playoffs, MLB odds world series, and rookie of the year odds MLB in a public betting MLB setting. Visit the website to get your journey started.
DraftKings Sports
DraftKings is one of the most popular places for the best bets MLB today. They provide great MLB wild card odds and MLB odds playoffs. The site is easy to navigate and they provide a great betting experience for new players. Our MLB betting guide would be incomplete without recommending DraftKings.
MLB Live Betting
You do not need to be restricted to the spread, moneyline, or props when betting. Before a game ends, you can enjoy live betting. As the game progresses, the props and moneylines will be updated. New odds will be given out, and you can make bets accordingly to give yourself a better chance to earn money.
Number of sports with Live Stream
Number of sports with Live Stream
Number of sports with Live Stream
MLB Divisions & Structure
The MLB is one of the oldest leagues in North America but has grown significantly since its inception. There are 30 teams split up into 2 leagues and 6 divisions. Each league has 15 teams, and each division has 5. Each team plays 162 games before the season ends and the postseason starts. Each game has nine innings. 12 teams make the postseason, 6 from each league. The 3 division leaders in each division make the postseason, as well as 3 wild card teams from each league.
The wild card teams are the teams with the most wins other than the division winners, regardless of division. The top 2 seeds in each league get a buy through the wildcard round. The postseason then works its way down to two teams in the World Series where the American and National League champions face off.
MLB American League Teams
MLB National League Teams
Popular MLB Teams in Canada to Bet On
Although there is only one MLB team in Canada, the Blue Jays are not the only popular team to bet on each season. Here are the organizations that Canadians usually enjoy betting on.
Toronto Blue Jays
The Blue Jays have been a sneaky good team for the past few seasons. Unfortunately, they play in the most competitive division in baseball, making it challenging for them to score a championship. The Blue Jays were one of the most dismal franchises for 20 years after winning back-to-back titles in 1992 and 1993. However, since then they've put together several impressive seasons. The Jays even tried to sign Shohei Ohtani in the off-season, but ultimately fell short.
This season they sit outside the top contenders when you look at MLB betting trends. However, they're still a good bet when you look at the current odds to make MLB playoffs.
Washington Nationals
The Washington Nationals are a popular team to bet on in Canada because they used to be located in Montreal. However, they are not the best bet MLB today. Although the Nationals won a World Series as recently as 2019, they are not the team they once were. Since winning the World Series, their MLB baseball scores odds have been getting lower and lower. They've missed the postseason every year since their championship. This season, they are one of the worst MLB baseball betting picks for the World Series.
Los Angeles Dodgers
The Dodgers are one of the most successful franchises of the past decade. They have consistently been at the top of MLB baseball betting lines, having won their division every year since 2013 except for 2021. They've been to the World Series three times, winning once. This off-season, they signed the best player in the sport, Shohei Ohtani. As the 2024 season approaches, they are the most popular MLB bet for the championship. The Dodgers' odds of making MLB playoffs is as close as you can get to 100%, and they are one of the best MLB betting picks today.
New York Yankees
The Yankees are popular wherever you go. It does not matter how good they are, or how often they score, people will bet on the Yankees. There's good reason for that optimism as they are the most successful team in all North American sports, winning 27 championships. They last won in 2009, but have been a significant top team in the sport since then. This year, the playoff odds MLB consistently have them as a top-five championship favorite.
Seattle Mariners
The Mariners are often a popular option for scores and odds MLB in Canada because of the city's proximity to Canada. The Mariners broke a 20-year playoff drought in 2022 but missed again in 2023. This season they sit as a fringe top 10 team in the MLB public bets for the World Series. It isn't impossible that they win, but they are among the top MLB bet predictions.
Winnipeg Jets
The Twins find themselves in a similar MLB bet production spot as the Mariners. They are around the top 10 teams in MLB online betting for the World Series. So, they are not the MLB best bet, but they aren't a bad option either. The Twins last won a championship in 1991, and before that in 1987. Since then, they've been a very middling team, making the postseason around half the time.
MLB Betting Tips & Strategies
If you're considering getting involved in public MLB betting, it is important to do your research on MLB betting strategies. Look at MLB trends betting, find the best MLB betting sites, and watch the games. Keep up with gambling news so that you can stay familiar with player and team form and other factors that could impact betting trends.
MLB Free Bets
One of the best things you can do as a new bettor is take advantage of free bets offered by online sportsbooks. Often, new players will be given a welcome bonus that provides free bets, so claim them when available. These free bet offers will usually be promoted for big games or provided as a reward if you deposit a certain amount, so be sure to check these out!
MLB Betting Apps
If you want to use your mobile device to place bets after looking at MLB Fangraphs playoff odds, you can do so. Five of the six sportsbooks we looked at above have sports betting apps for you to download and use on the MLB bets of the day. Sports betting apps can be extremely handy for users over sports betting websites. Mobile apps allow sports bettors to sign in, deposit and withdraw their winnings all on the go and with minimal fuss.
Responsible Gambling with MLB Betting
It doesn't matter if you are looking at MLB playoffs odds, props, or the spread, it is crucial to practice responsible gambling. Online gambling can be addictive, so ensure you use protective features like deposit limits and self-exclusion. Additionally, do not hesitate to use help hotlines if it is necessary, regardless of the sport you wager on.
MLB Betting FAQs
How do you bet on baseball odds?
If you want to bet on this sport, you need to know how to bet on the MLB scores odds. MLB scores and odds are listed on the website for all games, props, and futures. Click on the game you want to bet on, and the website will make it easy to make your wager.
How do I bet on MLB games?
If you have a game you want to bet on, you can find it in the baseball section of the website. You can then select the game and pick the team you want to place your bet on. Websites make it easy for players to place their bets on any baseball game available to them.
How do I read MLB betting lines?
When looking at the lines for any given game, it is important to ensure you are looking at American-style odds. These odds will display the odds in a plus/minus format. The team with minus odds is the favourite, whereas the underdog has plus odds.
What does -1.5 mean in MLB betting?
-1.5 is something you will see when betting on the spread. The spread, or run line in baseball, refers to the difference in runs the favourite is favoured by. So, if you bet on a team's spread with -1.5 runs, they need to win the game by more than 1.5 runs to win the spread bet.
What should I research before betting on an MLB team?
Fangraphs MLB playoff odds are a great place to start. Fangraphs uses analytics to give some of the most consistently accurate season predictions every year. We also recommend listening to some of the best MLB betting podcasts to familiarize yourself with the sport even more.
