This guide will help you make the best MLB bets! As the oldest professional sport in North America, Major League Baseball betting has a rich history and there is no doubt that sports betting has entwined itself into a sport that’s been around for 117 years. MLB betting and odds have been available for decades – legal or not, and to this day MLB is our main summer focus as sports bettors. In this guide, we cover the best MLB betting sites, MLB odds, the latest news, and MLB picks.
The MLB Championship winners’ odds were last updated on November 29, 2022:
|Los Angeles Dodgers||+450|
|New York Yankees||+900|
|Toronto Blue Jays||+900|
|New York Mets||+1000|
|San Diego Padres||+1400|
|Chicago White Sox||+1400|
Latest MLB Betting News
For those readers looking to find the MLB best bets today, you’re in the right place. Our in-house experts follow MLB betting trends and highlight tricks and strategies to find value when betting on baseball. Find the best baseball betting tips here.
There are over 2,430 Major League Baseball games played during the regular season, with each team playing 162 games. This is double the output than you’d see in the NBA or NHL and makes for plenty of betting opportunities during the summer months, and we aren’t even counting Spring Training or the postseason.
The MLB is made up of 30 teams, with 15 teams in the National League and 15 in the American League. All but one team reside in the United States, the only Canadian team is the Toronto Blue Jays. The MLB started in 1903, though historically, the founding of the National League can be dated back to the 1860s.
Best Online Sportsbooks for MLB Betting
Now that you have an idea of how to make a good MLB bet online, we can look at where to bet on your favorite professional baseball teams. Here are our favorite online MLB betting sites.
Even though your state may have legalized sports betting already, there are still many that haven’t passed laws or updated legislation yet, so offshore sportsbooks are still the best option for betting on the MLB.
Finding a reliable online sportsbook that offers the best MLB betting odds, MLB bonuses and a variety of deposit options should be your main priority. All MLB sportsbooks are different, so shopping around for the best MLB betting odds and the best features are of the utmost importance before betting on any baseball games.
BovadaBovada is a great MLB sports book. There are plenty of reasons to love this sportsbook for baseball bettors, and the biggest one is their sterling reputation. They are the most household name in online baseball betting, and this reputation has been earned over many years of outstanding customer service, timely payouts and withdrawals, and extensive MLB betting markets. Enjoy this great MLB sportsbook, as it is an essential part of nearly every professional bettors portfolio. They will also have college baseball bets, for those looking to expand! Sign Me Up To Bovada
BetOnlineBetOnline is one of the top online baseball sites available! They have been around for a long time, and their expertise show. They have earned our trust over the years! And we are not alone in this analysis. Plus, they have World Series futures up all year round, so you can always wager on this popular baseball bet whenever you want! Check out this great MLB online sportsbook and start betting now! Sign Me Up To BetOnline
MyBookieMyBookie is an excellent choice for a baseball online betting site. One of the main reasons is that they offer a choice of welcome bonuses, depending on if you want to lower your rollover requirements, or if you want to put more value in raising your percentage match. Either way, having your choice of welcome bonuses will help you make more and better baseball bets. This type of freedom will guide you from Spring Training all the way through the Playoffs and World Series! Sign Me Up To MyBookie
BetUSBetUS is an excellent choice for baseball bettors across the United States. One of the main reasons, which is a top criteria when we look at baseball betting sites, is that they have incredibly competitive Major League Baseball betting lines. When we analyze these lines, we look at the variety of odds, the different baseball bets they offer, and we make sure the odds are a good deal, but also reasonable. Any odds that seem too good to be true probably are. The Baseball odds at BetUS hit that sweet spot. Sign Me Up To BetUS
XBetXBet is one of the most loved Major League baseball sportsbooks. XBet is a great baseball betting site overall, but really stands out for its mobile betting platform. It is an incredibly smooth experience, which is vital for a mobile baseball betting app. In fact, another great aspect here is that they do not require you to download anything i order to use it. You can just click here while you are using your mobile device, and the site will automatically adjust to your specific device. Sign Me Up To XBet
Best MLB Bets November 2022
- The 2023 World Series futures odds are out! Keep an eye on how they move
- With so much time, the best MLB bet is on a current underdog, such as the Atlanta Braves (+850)
- In the offseason, check out baseball specials and props
- Bovada lets you bet on where Aaron Judge will play his first game in the 2023 regular season
How the MLB works?
After the regular season ends (after the first Sunday of October), ten teams enter the postseason playoffs. Six of the teams are division champions with the best record, and four wild card teams from their respective leagues. The wild card teams play against each other and the winners participate in the division series play.
The winners of the best of five-game Division series move on to the American and National League Champion Series. These are best of seven series and the winners are champions of their respective leagues and pennant winners. These two pennant teams move on to play in the World Series.
An average MLB season can provide countless betting options for sports bettors and can get overwhelming to say the least – so let’s go through our MLB betting guide, and familiarize ourselves with popular betting options and how to bet on the MLB. Read on for more information regarding baseball betting online.
How to Bet on MLB games?
Let’s take a look at MLB betting odds first:
MLB Betting Odds
MLB odds are those numbers you see next to a team name, whether they’re positive or negative. This denotes how likely a team is to win the game. With the positive numbers indicating that the team is less likely to win, and the negative number represents the favored team that is most likely to win.
If you have the New York Yankees at +300 and the Boston Red Sox at -200, that means the Red Sox are favored to win that game, and the Yankees are the underdog. A bet on the Red Sox wouldn’t pay out as much because the oddsmakers are predicting that they would be the ones to win, but a bet on the Yankees would pay out much more if they did pull off the win.
MLB odds represent how much you would need to bet to win a certain amount of money. In the case above, you would need to bet $200 on the Red Sox to win $100. You can bet any denomination, but that bet isn’t really worth your time unless you were 100% sure the Red Sox would win the game. If you bet on the Yankees, you would need to bet $100 to win $300 plus your initial stake.
Popular MLB Betting Options
Now that we’ve covered what MLB odds look like, let’s look at popular baseball betting types that you will be able to choose from when betting on Major League Baseball. The biggest fans can also bet on the MLB All-Star Game
Betting on the MLB Moneyline
The easiest betting type you can place on any given MLB game is the moneyline. It’s easy to understand and great for new bettors. Your only job is to determine which team will win the game. We’ve outlined a basic moneyline bet above, let’s dig in a little further:
If the Red Sox and Yankees are playing and you believe the Red Sox will win, you select the Red Sox and you’re good to go. Ensure you review the odds and the pregame matchups to ensure you do plenty of research before making your bets.
Let’s look at an example:
- Boston Red Sox -120
- New York Yankees +450
We changed the numbers around to give you a different perspective. The Red Sox are still the favored team, with -120 odds. A $120 wager, with the Red Sox winning, would pay out $100 plus your initial wager. The Yankees are still the underdog, and if they upset the Red Sox and win, a $100 wager would yield $450 plus your initial $100.
MLB moneylines are a great betting option, especially if you use the proper models. For example, using this statistician’s model, he was able to really gain a stable foothold on MLB moneylines, even classifying them as an investment asset. Not only does he develop his strategy by modifying the Kelly criterion, but he actually implements it and demonstrates its success.
Betting on MLB Point Spreads
Point spreads in the MLB are commonly referred to as the ‘runline’. It is the exact same as any other point spread, it just goes by a different name, you may see puck lines in NHL – it’s the same thing in baseball. Spreads are popular throughout all professional sports, but MLB runlines can have really great odds depending on the game.
Point spreads essentially give the underdog team an imaginary head start, meant to level the playing field in games that are one-sided. Your sportsbook has expert oddsmakers that will decide who the favored ball team is, and determine the spread based on how those two teams match up for the game.
The MLB runline shows us how many points a sportsbook believes a team must win or lose by, depending on which side you’re betting on. If you choose the favored team, their spread will be a negative number, and they must win the game by that amount of runs. If you choose the underdog, they must lose by less than that number of runs or win the game.
For example, if you have the Chicago Cubs at -2.5 and the Pittsburgh Pirates at +2.5, the Cubs are favored to win the game. The Cubs are expected to win by a few runs, and for your bet to win, they must beat the Pirates by more than 3 runs. The Pirates, on the other hand, need to win the game or lose by less than 2 runs.
Betting on MLB Totals
When looking at the MLB oddsboard, and you can’t decide which team to bet on, betting on the over/under or the totals can be a great opportunity to still get value out of an MLB game. Totals betting is quite simple, and you don’t have to choose one team over another – you simply have to decide if the total number of runs scored by both teams collectively will be over or under your chosen oddsmaker’s line.
If you have the Arizona Diamondbacks versus the Colorado Rockies, and the total is set at 12, you will need to decide if you think both teams will score more or less than 12. If both teams easily get over six runs per game, that should be an easy bet to place, and you’d take the over. Also, take into account that the game can go into extra innings if tied, so this could makeovers extra juicy.
Betting on MLB Props
Prop bets or proposition bets as they’re commonly referred to as are the more fun bets associated with any given MLB game. Props are unusual circumstances or happenings that don’t have anything to do with the outcome of the game. You could bet on a certain player to hit a home run or grand slam for example.
Prop bets are just for fun, and shouldn’t be taken too seriously. The best online sportsbooks offer a huge selection of props per game, providing a much greater variety than your neighborhood retail sportsbook.
Betting on MLB Futures
MLB Futures are extremely popular in the early or middle season because they offer huge value with higher risk. Betting on MLB Futures means you are placing a bet on which team will win an event outcome in the future – sometimes even months in advance. As soon as the World Series Champion is announced, sportsbooks release the following season’s futures.
The main MLB Futures that sports bettors tend to focus on are the Winners of the World Series and the pennant winners. Predicting if a team will win the World Series months before it happens can turn into a great payout in the long run – finding a baseball betting strategy that works for you is key to success.
Let’s use the 2019 season for our example.
In January 2019, the Washington Nationals were far from being the favored team to win the World Series. The Houston Astros and New York Yankees were favored at the time at +600. The Washington Nationals odds actually got worse, they were even less likely to win the World Series in June 2019, when their odds went down to +5000, meaning if you took them in June to win, a $100 wager would turn into $5000.
The Nationals were even underdogs in the World Series, ending the season with +570 odds. Meaning anyone who was willing to bet on them throughout the entire 2019 season would have made some serious bank.
What Are The Current MLB Standings
Scan the standings below to help form your long-term betting strategy. Dissect the analytics and form your betting strategy well in advance.
Look for mismatches, like a team playing a day game following a night extra-inning game, or perhaps an afternoon game following a day-night doubleheader.
MLB Betting Tips
Here are some of the best MLB betting tips to get you through the regular season, postseason and even the World Series with a sterling record. While no one can guarantee betting success, this collection of MLB betting strategies will do a lot to improve your odds!
1. Don't overreact
News will constantly be flowing in that will affect how you and other bettors, and even the bookies, are thinking about upcoming baseball bets. Make sure to keep all of this in context, so that you do not overreact to it and make any rash moves
2. Know when to use parlays
Baseball parlays should only be used selectively. Keep in mind, when you string together many bets, you have tow in all of them to get a positive outcome on the parlay. However, this will also multiply your potential profit.
3. Shop Around for the best baseball lines
You will not want to miss out on the best deals out there. This means you will want to compare the same wager across a number of baseball betting sites, so that you can be sure you are getting the best bang for your buck!
4. Sign up with more than one MLB sportsbook
Signing up with more than one MLB sportsbook will allow you to take advantage of the different betting lines and multiple welcome bonuses.
5. Only use recommended baseball betting sites
Using recommended MLB betting sites will ensure that you are in safe hands and getting the best possible baseball betting experience.
The Latest Odds From The Best Sportsbooks
- The Atlanta Braves to win the 2022 World Series title -200 at MyBookie.
- MLB regular season CY Young winner Justin Verlander -20000 at MyBookie.
- American League MVP Shohei Ohtani +2500 at Bovada.
- MLB team to win the World Series, Philadelphia Phillies at +170 with MyBookie.
- National League CY Young winner Sandy Alcantara - 10000 at BetUS.
- National League MVP Paul Goldschmidt -10000 at BetUS.
MLB Betting FAQs
Is betting on my favorite team the best MLB bet tonight?
Not necessarily. It can be very difficult to be objective when betting on our favorite MLB teams. At the same time, it can be a lot more fun too.
How does run line betting work?
The run line bet is baseball’s version of a point spread. In fact, you will often find it listed as such at baseball betting sites.
Baseball betting tips for beginners?
If you have read our guide, you are well-equipped to get started. Take off slowly and build momentum as you go.
Are these baseball betting sites legit?
Yes, absolutely. We only recommend top, safe baseball betting sites.
What type of baseball bets are available?
You can make the whole gamut of baseball bets! These include outirghts, moneylines, run lines (spreads) and prop bets.
Who sets MLB betting lines?
Each bookie sets its own lines based on implied probability and bettor behavior.
How do MLB betting lines work?
MLB betting lines are set by the bookies, who then adjust them as news comes in and bettors place bets.
What is the best MLB betting strategy?
Each bettor will have to develop their own MLB betting strategy. We cover some important options on this page.
How do I start betting on MLB baseball?
The first step is to sign up with a trusted MLB betting site. Bovada is a popular choice.
Can someone make a living betting on MLB games?
While nothing is impossible, it is best to think of baseball betting as a form of entertainment.
Where can I bet on MLB?
You can bet on the MLB using the popular and trusted offshore bookies that we recommend on this page.
Is MLB betting easy?
MLB betting requires understanding the sport, and baseball odds, and doing some research.
Is betting on MLB baseball legal?
Betting on the MLB is legal everywhere sports betting is.
How do I bet on MLB online?
The first step is to check out our reviews of baseball betting sites, so you will know where to sign up!