Calculating Payouts from Negative Moneyline Odds
You have to know who the leadoff players are, which teams come out of the gate hot, and a whole host of other factors that could influence the outcome of this prop bet. This is what we refer to as a skilled prop bet. On the other side, it takes no skill to predict whether the total runs in a baseball game will be an even or odd number. This is straight gambling and what we call unskilled prop bets.
Bets like this can be fun, but they should never be part of a long-term betting strategy. They should be used for entertainment purposes only. How do you tell the difference between skilled and unskilled prop bets?
You have to use your brain. Sports bettors have a really bad habit of trying to convince themselves that every prop bet is beatable. A futures bet in Major League Baseball is a wager about something that is going to happen in the future.
Some of the more popular futures bets are which team is going to make the playoffs, which team is going to win the World Series, or how many wins in a season a team is going to have. All of these bets are usually made early on in the season, or before the season. As you can imagine, you can get pretty good payout odds having to predict something like this well before it happens. Some sportsbooks close these futures odds at the beginning of the season while some will keep them open for the duration of the season or playoffs.
When they do this, the odds will change according to how much more or less likely the event is to happen. As you may already know, the object here is to buy low. If you can get in on a team while they are struggling, you can get great odds for something to happen. If they turn things around, you could be in for a really nice payday. Over-under bets are also known as totals bets. These are wagers on whether the total number of runs scored in a baseball game will be above or below a certain threshold.
Typically, both sides of the wager the over and the under will pay out the same amount of money. The oddsmakers will adjust the total threshold to encourage or discourage the action they need. It does not matter which team scores the runs. If the final score were , you would still win your over bet. If the final score were , you would push your bet and get your money back because there were seven total runs.
Both planned starters must throw the first pitches for their teams. Listed Pitchers — If you place a wager with this option, the two planned starters must start the contest in order for this bet to count.
The option is handy for betting on a favorite with an ace starter. Action — This option allows your bet validity no matter which pitcher starts for each club. Try placing action bets on underdogs. If a game is ended because of rain and the proper amount of innings are completed, the club ahead at that point is considered the winner. If an outing does not last to the proper number of frames and out, it will be considered a no contest and your money is returned.
If play is suspended and resumes the following day, the wager is considered invalid. And, if you combine money-line picks into parlays, you can really hit the jackpot with a small investment. Obviously, it is harder to pick underdogs to win straight-up, right?
Yes, but maybe not as hard as you initially think. Also, since you win more than you bet when picking dogs with the money line, you have to win a much smaller percentage of your games to break even.
The particular percentage depends on the spread in the games you pick the higher the spreads, the fewer games you need to win since the money line pays more for higher spread dogs.
On the 60 losses, you would of course lose 60 units there is no juice on money line bets. On the 40 winners you would win 60 units 1. If you were to pick one hundred 6. So, there is an opportunity to do well with the money-line if you can select enough dogs that win straight-up.
This season, consider using the money-line to your advantage. If they win straight-up, you'll rake in a lot more profits than if you had just bet them to cover the spread. If the team covers the spread but doesn't win the game, you break-even. If they win the game, you win both bets! What do these numbers mean? They represent the "money-line" and they are used as a way to take into account that some teams are better than others.