Saturday, August 28, 2010

Know how to Bet on Baseball Games

Since Baseball games are decided by a run or two, it is not
practical to have a spread as they do in Football. This is
what makes betting on baseball different than betting on
football. In baseball, the sports books use a money line
for betting. It is also used for other sporting events

The money line determined the sum of money laid and the
sum of money won when wagering on either the favorite or
the underdog. The highest negative money line determines
the favorite team, and the lowest negative money line and
all positive money lines determine the underdog. The most
common case is the underdog with a positive one and the
favorite with a negative line. The money line is based on
100usd bet. The money line may look confusing to the novice
player betting on baseball for the fist time but it is
really easy to figure out.

Example of The Money Line:

Lets say that the Team A are playing the Team B and the
team A are the favorite. The money line may be listed as:
Team A -140 Team B +120

In this example, if you wanted to bet on the Team A who are
the favorites you would be putting up 140usd and if you win
you would collect 240usd giving you 100usd profit. In other
words, you risk 140usd to make 100usd.

If you wanted to take the underdog Team B you would wage
100usd and collect 220usd if you won. This means that you
risk 100usd to make 120usd.

The sports books make their money on sports bets by
collecting a commission on every bet made. When the
favorite team loses, the sports book make their money in
baseball betting. In the example above, if the Yankees lost
the sports book would make 20usd. They are collecting
140usd for the losing bet but only paying out 120usd for
the winning bet. To make it more enticing to bet the under
dog, the sports book will adjust the line if one team is
heavily favored.

Pitching Matters:

In baseball the pitchers are the key to the game. The money
line in baseball is made based on the starting pitchers for
the games. The money line maybe adjusted in the event of a
pitching change before the game and an unscheduled pitchers
starts. Depending on the pitching, you can bet a baseball
game several ways. In the game listed in the above example
lets say that the money line was made based on Randy
Johnson pitching for the Team A and Tim Wakefield pitching
for the Team B.

The Run Line:

The run line is used in baseball when one team is a big
favorite. A number of runs such as 1 and a half or 2 is
subtracted from the score of the favorite team. This is the
same with the point spread in Football. However, most of
the times if you bet on the run line the favorite becomes
the underdog. In the example above the Yankees were -140 if
you bet them on the money line but they are +110 if you bet
them -1 and a half runs. If the Yankees win by only one run
you would lose the bet. If they win by 2 runs or more you
win 110 of your 100 wager.

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