Buddy of mine that lives out of town wants a concise explanation of how baseball wagering works. I don't have the time or patience to try it over the phone. Any good sites for a baseball beginner. Thanks in advance.
Expain Baseball wagering site?
- Thread starter yak merchant
- Start date
Baseball Odds Explaination
Start Times / Rotation #'s / Start Pitchers / Ov - Un / $ Line
6:30 p.m / 11-12 / Fla - Rapp / 7 un / +120
Pitt - Neagle -140
Starting times are listed for Eastern Standard Time.
The rotation numbers are used to specify which team you're betting on. If the rotation numbers are listed as 99 and 100, then no bets are being taken on that game.
The visiting team and their starting pitcher is listed first and has an odd rotation number. The home team and their starting pitcher is listed second and has an even rotation number.
The Over/Under is the combined score of both teams, including any extra innings, the wager is used in conjunction with a money line. 'Under' means that you would win the wager if the combined scores are under the number, while 'Over' means that you would win the wager if the combined scores are over the number.
The money line is listed next to the team favored to win. There is usually a second money line used in conjunction with the over/under. Money odds are quoted in terms of $100.00. They can be a positive or negative number.
For negative numbers, you would wager the amount of the line to win $100.
For positive numbers, you would wager $100 to win the amount of the line.
For example, if the line was -140, you would wager $140 to win $100, and your total payback would be $240. If you lost the wager, you would lose the $140.
If the line was +120, you would wager $100 to win $120, and your total payback would be $220. If you lost the wager, you would lose the $100.
Other Notes:
In most cases, ties result in the bet being refunded for either the money line or the over/under.
Pick - means the game is even.
Off - no bets are being taken on this particular game.
Cir. - a circled game. This means that a limited amount of bets are being taken.
Ev. - an even game. This means that the money line is $100, so you would have to bet $100 to win $100.
Start Times / Rotation #'s / Start Pitchers / Ov - Un / $ Line
6:30 p.m / 11-12 / Fla - Rapp / 7 un / +120
Pitt - Neagle -140
Starting times are listed for Eastern Standard Time.
The rotation numbers are used to specify which team you're betting on. If the rotation numbers are listed as 99 and 100, then no bets are being taken on that game.
The visiting team and their starting pitcher is listed first and has an odd rotation number. The home team and their starting pitcher is listed second and has an even rotation number.
The Over/Under is the combined score of both teams, including any extra innings, the wager is used in conjunction with a money line. 'Under' means that you would win the wager if the combined scores are under the number, while 'Over' means that you would win the wager if the combined scores are over the number.
The money line is listed next to the team favored to win. There is usually a second money line used in conjunction with the over/under. Money odds are quoted in terms of $100.00. They can be a positive or negative number.
For negative numbers, you would wager the amount of the line to win $100.
For positive numbers, you would wager $100 to win the amount of the line.
For example, if the line was -140, you would wager $140 to win $100, and your total payback would be $240. If you lost the wager, you would lose the $140.
If the line was +120, you would wager $100 to win $120, and your total payback would be $220. If you lost the wager, you would lose the $100.
Other Notes:
In most cases, ties result in the bet being refunded for either the money line or the over/under.
Pick - means the game is even.
Off - no bets are being taken on this particular game.
Cir. - a circled game. This means that a limited amount of bets are being taken.
Ev. - an even game. This means that the money line is $100, so you would have to bet $100 to win $100.
yak merchant, a majority of the offshore sportbooks sites have a how to section on all sports offered. Also, if you want a very very basic how to maybe type in sports betting at amazon.com for a beginners pocketbook to order.
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very basic stuff:
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The first difference that bettors familiar with football and basketball notice is that there is no point spreads involved in baseball. Betting baseball involve odds or a price that is represented as a Money Line. Money Lines are odds expressed in terms of a dollar. Favorite bettors will end up laying more than a dollar in order to win a dollar, while underdog bettors will wager a dollar to win more than a dollar. Sometimes the odds are expressed as a dollar with cents, and sometimes the "decimal" is assumed. Odds of -1.30 and -130 are the same. A favorite that is given a value -130 means that a gambler trying to win $100 would have to put up, or risk, $130 in order to win that $100. An underdog which has a value of +120 means that for every dollar a gambler puts down on the game, he would win $1.20, thus a $100 bet would net him, if the bet wins, a $120 profit.
Favorites will always be represented with a minus sign "-" in front of a value, and underdogs, if they are represented, will always have a plus "+" in front of a value.
Often, underdogs will have no value represented as almost all Sports Books now use what is known as a dime line to book baseball bets, and the underdog value is understood. A dime line is the difference between the price of a favorite and the "comeback" on the underdog, with a "dime" indicating a "10 cent" difference between what a favorite bet must lay and what an underdog bet would win. A -150 favorite does not mean that an underdog bettor would get $150 for a $100 bet...the underdog bettor would only get $140! The difference between the amount that a favorite has to lay and what an underdog winner would be paid is how the Books make their profit-provided underdogs win.
For example, using the above -150 favorite, if a bookmaker takes $1,000 on the underdog and $1,500 on the favorite and the favorite wins, the bookmaker makes no money (paying the favorite bettors the $1,000 he took from underdog bettors...$1,500 on a -150 favorite would win $1,000), but if the underdog wins, then the bookmaker pays the underdog bettors $1,400 and pockets the extra $100 that he has from the favorite bettors ($1,000 on a +140 underdog wins $1,400).
However, in order to attempt and keep potential profit percentages consistent for the bookmaker, the comeback on underdogs eventually will be more than a dime (a difference of 10). Different books will adjust this comeback at different prices based on the favorite, but it will generally move to 15 cents at some point after a favorite moves past -150 (if the book moves to a 15 cent line at this point, underdog bettors would then have a +135 price). The comeback will move again to a 20 cent difference somewhere between -180 and -200 depending on the book (if a book moves to a 20 cent line on a -200 favorite, then the underdog price is +180). The comeback will likely move to 30 cents when a favorite is priced at -230 (underdog price +200), 40 cents when the favorite is -260 (underdog price +220), and 50 cents when a favorite is -300 (underdog price +250). As stated above, books will adjust these comebacks at different levels, and a smart bettor will look to find the best price.
A side bet is considered won once a game has gone 5 innings, or, if the home team was leading after 4 1/2 innings in the event that the game is called or suspended. Games that do not go past this distance are considered no action, and all wagers returned.
Bets are determined by the winning side when a game goes past 9 innings (extra innings).
PITCHERS, PRICE AND WAGERS
The line that is determined for a favorite and underdog is based in large part by the starting pitchers listed (home field is a smaller factor). With that in mind, a baseball bettor has four options when making a wager on a game.
- LISTED PITCHERS: A wager made on a game stating listed pitchers assumes that both of the listed pitchers start the game. A pitcher is determined to have made a start after he throws the opening pitch for his team. If one, or both, of the listed pitchers do not start the game, the wager has no action and the bettors money is refunded.
-SPECIFY TEAM PITCHER: This wager involves placing a bet specifying just the pitcher starting for the team you are betting on. As long as the pitcher starts for the team you have bet, you have action on the game, regardless of whether or not the opposing team's listed pitcher starts or not. If the opposing team's pitcher doesn't start, this usually means that a new price is determined for the game. IN THE EVENT THAT A NEW PRICE IS DETERMINED, THE BETTOR HAVING SPECIFIED THE TEAM PITCHER THAT HAS STARTED WILL HAVE HIS WAGER ADJUSTED TO THE NEW PRICE ON THE EVENT, REGARDLESS OF WHAT THE PRICE WAS WHEN HE WAGERED ON THE GAME.
- TEAM ACTION: If a bettor bets on a team with action, then the wager is in effect regardless of a change in starting pitchers for either team. The price, as above, will be adjusted if there is a change in price due to a change in listed pitchers.
- TEAM ACTION AGAINST LISTED PITCHER: In this case, a wager can be made on a team, the bet is in effect regardless of whether or not the listed pitcher starts for that team, provided that the listed pitcher for the opposing team DOES start. Once again, a change in the pitcher that the bettor has team action on can affect the price on the wager.
TOTALS
Baseball totals are fairly straightforward, but due to the nature of scoring in the sport, a money line is usually attached to the number as betting becomes unbalanced on a side. The money line attached will work on a 20 cent line, rather than the dime line used for baseball sides.
To start with, the National League, with the pitchers hitting, will generally have a total close to 7 1/2 - 8 1/2 runs, while the American League, with the DH, will produce totals closer to 9 1/2. The totals will differ from these amounts based on weather, teams and pitcher.
Total lines will frequently appear with either an over or under followed by a money line (generally just showing the cents, rather than the full dollar amount. 7 1/2 over 20 means 7 1/2 over -120). When a total is followed by an "over", than the over bet is considered the favorite, and bettors will have to wager more to win a dollar. Using the above example, a bettor wanting to wager over 7 1/2 runs will have to lay $1.20 to win a $1.00. In the same example, a bettor wagering under 7 1/2 runs would then be betting EVEN money (a 20 cent difference from the OVER wager). Conversely, when a total is followed by an "under" and then a money line, consider the under wager a favorite - a wager on the under will force a bettor to bet more money to win a dollar, with a more favorable price given to "over" bettors.
A total that lists no over or under attached to the number is considered "flat" and a wager of -110 to win $100 is required on either side...unless at a juice reduced book per se-pinnaclesports etc...
The total refers to the number of runs BOTH teams score for the entire game, INCLUDING extra inning if the game goes past 9 innings.
BOTH LISTED PITCHERS must start for a total wager to have action. If one, or both, of the listed pitchers do not start, then a wager on a total has no action, and all bets are refunded.
A game must go 9 innings ( 8 1/2 if the home team is leading after that point) for a total wager to have action. Games called before this point will not have total action, and all total bets will be refunded.
RUN LINES
Run Lines are generally considered by books to be a prop bet on a baseball game thus, while a bettor can parlay sides and totals, most books will not allow parlays involving run lines.
The concept of a run line involves a team getting 1 1/2 runs (the underdog) while the favorite must give up 1 1/2 runs, a money line is then attached to the 1 1/2 runs.. For a favorite to win on the run line, the team must then win by 2 runs.
The price on a favorite will usually be expressed as a positive line (the same as a side underdog) because the team must win by 2 runs. The money line attached to the team getting 1 1/2 runs will usually be a negative (the same as a favorite side), because the team can still lose a 1 run game and come through for a bettor.
An example of a run line would be:
Atlanta - 1 1/2 +120
NY Mets + 1 1/2 - 140
In the above example, if you bet Atlanta would win by 2 runs or more, you would receive $1.20 for every $1.00 bet on a winning wager.
If you bet that the Mets would win, or lose by less than two runs, you would have to risk $1.40 for every $1.00 you wanted to win.
The same rules that apply for totals apply for run lines: listed pitchers must start, and the game can not be called early.
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very basic stuff:
-----
The first difference that bettors familiar with football and basketball notice is that there is no point spreads involved in baseball. Betting baseball involve odds or a price that is represented as a Money Line. Money Lines are odds expressed in terms of a dollar. Favorite bettors will end up laying more than a dollar in order to win a dollar, while underdog bettors will wager a dollar to win more than a dollar. Sometimes the odds are expressed as a dollar with cents, and sometimes the "decimal" is assumed. Odds of -1.30 and -130 are the same. A favorite that is given a value -130 means that a gambler trying to win $100 would have to put up, or risk, $130 in order to win that $100. An underdog which has a value of +120 means that for every dollar a gambler puts down on the game, he would win $1.20, thus a $100 bet would net him, if the bet wins, a $120 profit.
Favorites will always be represented with a minus sign "-" in front of a value, and underdogs, if they are represented, will always have a plus "+" in front of a value.
Often, underdogs will have no value represented as almost all Sports Books now use what is known as a dime line to book baseball bets, and the underdog value is understood. A dime line is the difference between the price of a favorite and the "comeback" on the underdog, with a "dime" indicating a "10 cent" difference between what a favorite bet must lay and what an underdog bet would win. A -150 favorite does not mean that an underdog bettor would get $150 for a $100 bet...the underdog bettor would only get $140! The difference between the amount that a favorite has to lay and what an underdog winner would be paid is how the Books make their profit-provided underdogs win.
For example, using the above -150 favorite, if a bookmaker takes $1,000 on the underdog and $1,500 on the favorite and the favorite wins, the bookmaker makes no money (paying the favorite bettors the $1,000 he took from underdog bettors...$1,500 on a -150 favorite would win $1,000), but if the underdog wins, then the bookmaker pays the underdog bettors $1,400 and pockets the extra $100 that he has from the favorite bettors ($1,000 on a +140 underdog wins $1,400).
However, in order to attempt and keep potential profit percentages consistent for the bookmaker, the comeback on underdogs eventually will be more than a dime (a difference of 10). Different books will adjust this comeback at different prices based on the favorite, but it will generally move to 15 cents at some point after a favorite moves past -150 (if the book moves to a 15 cent line at this point, underdog bettors would then have a +135 price). The comeback will move again to a 20 cent difference somewhere between -180 and -200 depending on the book (if a book moves to a 20 cent line on a -200 favorite, then the underdog price is +180). The comeback will likely move to 30 cents when a favorite is priced at -230 (underdog price +200), 40 cents when the favorite is -260 (underdog price +220), and 50 cents when a favorite is -300 (underdog price +250). As stated above, books will adjust these comebacks at different levels, and a smart bettor will look to find the best price.
A side bet is considered won once a game has gone 5 innings, or, if the home team was leading after 4 1/2 innings in the event that the game is called or suspended. Games that do not go past this distance are considered no action, and all wagers returned.
Bets are determined by the winning side when a game goes past 9 innings (extra innings).
PITCHERS, PRICE AND WAGERS
The line that is determined for a favorite and underdog is based in large part by the starting pitchers listed (home field is a smaller factor). With that in mind, a baseball bettor has four options when making a wager on a game.
- LISTED PITCHERS: A wager made on a game stating listed pitchers assumes that both of the listed pitchers start the game. A pitcher is determined to have made a start after he throws the opening pitch for his team. If one, or both, of the listed pitchers do not start the game, the wager has no action and the bettors money is refunded.
-SPECIFY TEAM PITCHER: This wager involves placing a bet specifying just the pitcher starting for the team you are betting on. As long as the pitcher starts for the team you have bet, you have action on the game, regardless of whether or not the opposing team's listed pitcher starts or not. If the opposing team's pitcher doesn't start, this usually means that a new price is determined for the game. IN THE EVENT THAT A NEW PRICE IS DETERMINED, THE BETTOR HAVING SPECIFIED THE TEAM PITCHER THAT HAS STARTED WILL HAVE HIS WAGER ADJUSTED TO THE NEW PRICE ON THE EVENT, REGARDLESS OF WHAT THE PRICE WAS WHEN HE WAGERED ON THE GAME.
- TEAM ACTION: If a bettor bets on a team with action, then the wager is in effect regardless of a change in starting pitchers for either team. The price, as above, will be adjusted if there is a change in price due to a change in listed pitchers.
- TEAM ACTION AGAINST LISTED PITCHER: In this case, a wager can be made on a team, the bet is in effect regardless of whether or not the listed pitcher starts for that team, provided that the listed pitcher for the opposing team DOES start. Once again, a change in the pitcher that the bettor has team action on can affect the price on the wager.
TOTALS
Baseball totals are fairly straightforward, but due to the nature of scoring in the sport, a money line is usually attached to the number as betting becomes unbalanced on a side. The money line attached will work on a 20 cent line, rather than the dime line used for baseball sides.
To start with, the National League, with the pitchers hitting, will generally have a total close to 7 1/2 - 8 1/2 runs, while the American League, with the DH, will produce totals closer to 9 1/2. The totals will differ from these amounts based on weather, teams and pitcher.
Total lines will frequently appear with either an over or under followed by a money line (generally just showing the cents, rather than the full dollar amount. 7 1/2 over 20 means 7 1/2 over -120). When a total is followed by an "over", than the over bet is considered the favorite, and bettors will have to wager more to win a dollar. Using the above example, a bettor wanting to wager over 7 1/2 runs will have to lay $1.20 to win a $1.00. In the same example, a bettor wagering under 7 1/2 runs would then be betting EVEN money (a 20 cent difference from the OVER wager). Conversely, when a total is followed by an "under" and then a money line, consider the under wager a favorite - a wager on the under will force a bettor to bet more money to win a dollar, with a more favorable price given to "over" bettors.
A total that lists no over or under attached to the number is considered "flat" and a wager of -110 to win $100 is required on either side...unless at a juice reduced book per se-pinnaclesports etc...
The total refers to the number of runs BOTH teams score for the entire game, INCLUDING extra inning if the game goes past 9 innings.
BOTH LISTED PITCHERS must start for a total wager to have action. If one, or both, of the listed pitchers do not start, then a wager on a total has no action, and all bets are refunded.
A game must go 9 innings ( 8 1/2 if the home team is leading after that point) for a total wager to have action. Games called before this point will not have total action, and all total bets will be refunded.
RUN LINES
Run Lines are generally considered by books to be a prop bet on a baseball game thus, while a bettor can parlay sides and totals, most books will not allow parlays involving run lines.
The concept of a run line involves a team getting 1 1/2 runs (the underdog) while the favorite must give up 1 1/2 runs, a money line is then attached to the 1 1/2 runs.. For a favorite to win on the run line, the team must then win by 2 runs.
The price on a favorite will usually be expressed as a positive line (the same as a side underdog) because the team must win by 2 runs. The money line attached to the team getting 1 1/2 runs will usually be a negative (the same as a favorite side), because the team can still lose a 1 run game and come through for a bettor.
An example of a run line would be:
Atlanta - 1 1/2 +120
NY Mets + 1 1/2 - 140
In the above example, if you bet Atlanta would win by 2 runs or more, you would receive $1.20 for every $1.00 bet on a winning wager.
If you bet that the Mets would win, or lose by less than two runs, you would have to risk $1.40 for every $1.00 you wanted to win.
The same rules that apply for totals apply for run lines: listed pitchers must start, and the game can not be called early.
Thanks gentlemen. I'm sure I could have found some stuff, I'm just at a client and getting on this website is probably going to get me in trouble let alone jetting around the internet looking at sports books. Appreciate the info.
YM
YM
