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If you know nothing about sports and you still feel the urge to wager
baseball is the easiest sports to wager on. As opposed to football and basketball
where you are mixed up with the point spreads and other confusing calculations
in baseball betting you simply put your money on the outcome of the game. In addition
the baseball season lasts longer
which means more matches and bigger chances to go home with the winning money. Here is a step to step guide to baseball betting.

The main difference between baseball betting and other team sports betting such as football and basketball is that while the latter ones use point spreads
the former uses the money line.

What is a Point Spread?
Point spread is the most common betting type offered in football and basketball betting. The sportsbook spreads the odd of a certain match by subtracting points from the favorite team
which is the team most likely to win and adding points to the underdog
which is the team that will raise a lot of eyebrows if wins.

What is a Money Line?
In baseball betting
the sportsbook sets the odds strictly on the outcome of the match. In order to even the action
bettors would have to risk more money on the favorite and risk less on the underdog. This is called the money line.

For example
if the money line is minus 170 on the favorite and plus 150 on the underdog
then you would have to bet 170 dollars on the favorite in order to earn 100 dollars. On the other hand
if you bet 100 dollars on the underdog
you would win 150 dollars if they would eventually win the match.

The difference between the minus 170 on the favorite and the plus 150 on the underdog is known as the twenty cent line. If the money line was minus on the favorite and plus 150 on the underdog
it is called the ten cent line or dime line. The fifteen cent line is also common in baseball betting.

Sportsbooks also offer total bets and run lines in baseball betting.

1
Total Bets:
These wagers are based on the sum of the runs scored by both of the teams. For example
if the sportsbook sets the over under total of a match as 7
the over wins if the sum of the runs scored by both teams exceeds 7 and the under wins if it sums up to less than 7.

2
The Run Line:
This wager is the baseball variation of point spread. When you are betting on the run line
you are betting on whether one of the teams wins by more than one run
which is marked as minus 1.5 or stays within one run
marked as plus 1.5.

Conclusion:
Although the money line makes baseball betting simpler than football and basketball betting
it causes the payoffs calculation to be more complicated:

1
In order to calculate the payoff when wagering on the favorite you should add 1 to the favorite price and divide it with the favorite price.

2
In order to calculate the payoff when wagering on the underdog you should add 1 to the underdog price.