If you wish to bet on baseball games, you will get to know the two common types of baseball bets used; the runlines and the moneylines. To help you understand on how to bet on baseball games, this article will further elaborate the basic steps.
1. If you are a residence of United States, you can go to Nevada, where sports betting is legal. There are many casinos down there that can accept your wager. However, if you are outside United States, you can, alternatively, create your account to many online sports betting sites that offers baseball betting.
2. Of course, in betting you have to lay down money(given). Just remember not to spend an amount that you can’t afford to lose.
3. You have to choose one of the several types of action that may be laid on any game such as straight moneyline, runline or the over/under.
• Moneyline- In this action, you have to choose which team will going to win; favorite or the underdog. The favorite is the team which is most likely to win. It is represented by a negative number. While the underdog, the team which is more likely to lose, is represented by a positive sign. Here is the representation of moneyline type of bet.
Cincinnati Reds -150
Chicago Cubs +120
If you place your money for Cubs, which is the underdog team, you have to risk $100 to win $120. On the other hand, if you bet on Cincinnati, you must place a bet equal to the negative number to win $100.
• Runline- When you are betting the run line you are betting that the favorite will win by two or more runs, or that the underdogs will either win the game or only lose by one run.
Run line betting means that you get a much better price betting the favorite on the run line than you do on the money line. It also means you give up the big price on the underdog to get the extra run. Using the example from the moneyline, a runline might look like this:
Cincinnati Reds -1.5 -110
Chicago Cubs +1.5 +120
A bet on the Reds would require that the favorite Cincinnati squad win the game by two runs to cover the spread and pay out to the bettor. If the final score was Cincinnati 4 Chicago 2, $55 laid on the Reds would pay out $50 for a grand total of $105 at the window. The final runline score would be Cincinnati 2.5 Chicago 2. In contrast, if the real final score was Cincinnati 3 Chicago 2, the Chicago runline bet would pay out as the Cubbies are being given 1.5 runs and the runline final score would be Cincinnati 3 Chicago 3.5. In that situation, $50 laid on the Cubs would result in $110 at the window - $50 bet plus the $60 moneyline.
• Over/Under – Here your bet is placed on the total runs scores of the whole game, inclusive of extra innings. You can pick whether the total will be above or below the bookmaker's line, and using moneyline logic places a bet on that side.
Cincinnati Reds -1.5 -110
Chicago Cubs +1.5 +120
The bettor could choose that the teams would score more than 9.5 runs with a moneyline of +130 or fewer than 9.5 runs with a moneyline of -120. In essence, the underdog in this over/under is over 9.5, which would pay $130 on a $100 bet for a total of $230 on a winning ticket presented at the window. Betting the under at $120 would see a $220 payout at the window if both teams could only muster 9 or fewer runs.
4. Watch the game and if you win, you can collect your winnings by going to the window, then present your transaction slip. If you are with an online sportsbook site, your prizes will definitely be transmitted into your account.
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