Unlike football and basketball, Baseball wagers are primarily made using the Money Line.
To bet on baseball, simply tell the ticket writer the bet number of the team that you wish to bet on, and the amount you wish to wager. If you only want to bet on one team, that would be a Straight Bet; which is the fastest and easiest type of baseball wager. If your team wins the game, you win.
When betting on the Money Line, the "minus" (-) preceding the number indicates the team is the favorite, and the "plus" (+) preceding the number indicates the team is an underdog.
In the example below, game number 901 is the Indians. The scheduled Starting Pitcher for the Indians is Kluber.
|Bet No.||Team||Pitcher||Odds||Total||Money Line for total||Run Line||Money Line for run line|
|901||Red Sox||Sale||+110||7||Ov EV||+1.5||-185|
The Indians' odds are -120, meaning a $12 bet would win $10, for a return of $22.
The Red Sox odds are +110, meaning a $10 bet would win $11, for a return of $21.
Please Note: that the money line odds can change at any time throughout the day or week.
The money line odds that are listed on your ticket are the odds that you keep, unless one of the scheduled starting pitchers does not throw the first pitch for his team. This will be explained later.
Another baseball wagering option is betting on the “Total”, also referred to as the over/under. A “total” wager is a bet that the total score of the game will be more, (over) or less, (under) the number listed. It doesn’t matter which team wins the game, simply add the final scores of each team to determine if your wager won or lost. This is also an 10/11 wager, unless otherwise noted.
In the example above, the Total (total combined points by both teams) on the Indians/Red Sox game is 7. If you bet on the Over, the total runs scored in the game must add up to 8 or more for you to win your wager. If you bet on the Under, the total runs scored in the game must add up to 6 runs or less for you to win your wager. If the opposite occurs, your wager would lose. If the total runs scored in the game finishes EXACTLY on 7 runs, your bet would result in a tie (also referred to as a “push”) and you would get your original bet refunded.
Note: Baseball wagering rules are unique to those of any other sport.
The total “rules” are as follows:
Both MUST occur, or your “total” bet is refunded.
Any runs scored in extra innings count towards the “total” bets.
When betting on Baseball, another wagering option is the Run Line.
The baseball run line option allows you to wager on the underdog and “take” (or get) +1 1/2 runs; or “lay” (or give) -1 1/2 runs if you bet on the favorite. The corresponding money line odds reflect the “handicap”.
In the example above:
If you choose to play the favored Indians -1 ½ +165:
The Indians must win by at least 2 runs, and a $10 bet would win $16.50 and return $26.50.
If you choose to play the underdog Red Sox +1 ½ -185, they must either:
If the Red Sox win (or lose by 1 run only), an $18.50 bet would win $10 and return $28.50.
Please Note: Same rules that apply to “run line” wagers, also apply to “total” wagers.
Both MUST occur, or your “run line” bet is refunded.
Listed pitcher(s) option:
When wagering on baseball, you are betting on team vs. team. You do however, have the option to specify that either (or both) listed pitchers must start the game (throw the first pitch of the game for their respective team).
Since baseball odds are greatly determined based on the strength or “value” of the designated starting pitchers, any time one of the specified pitchers does not start (this is referred to as an “off pitcher”), that change often creates an adjustment in the odds. This adjustment in the odds often will increase or decrease the payout on a winning ticket.
However, if you “list” a starting pitcher(s), and your pitcher doesn't start, then the bet is refunded.
A very popular way to bet on Baseball is to play a Parlay.
A Parlay consists of 2 or more teams grouped together to form one bet.
When you bet a parlay, every selection that you add to your ticket will increase your payout but also increase your risk because every team, selection, and/or total that you choose to include, must be a winning selection in order for you to win your bet!
At every BetLucky Sportsbook location, you can parlay up to 10 teams per ticket and you can combine most of the money lines, totals, and run lines that are available at the time of your wager!
All parlay payoffs are computed by multiplying the payoff conversion (odds equivalent to one dollar) of the teams in the parlay, by amount wagered.
Indians/Red Sox over 7 -120
Player wagers $100 on this 2-team parlay. Payoff = $100 multiplied by: 1.83 x 1.83 = Payout of $334.90 (Winnings of $234.90).
Note: Maximum payouts on all non-parlay card wagers are 719-1.
Any game that results in a push/tie/draw, or “no action”, will reduce the number of “live” selections in your parlay accordingly. A two-team parlay would become a straight bet.
Below is the conversion chart that you will use when calculating baseball parlays:
Values are equivalent to one dollar:
-105 = .95 -185 = .54
-110 = .91 -190 = .53
-115 = .87 -195 = .51
-120 = .83 -200 = .50
-125 = .80 -210 = .48
-130 = .77 -220 = .45
-135 = .74 -230 = .43
-140 = .71 -240 = .42
-145 = .69 -250 = .40
-150 = .66 -260 = .38
-155 = .64 -270 = .37
-160 = .62 -280 = .36
-165 = .61 -300 = .33
-170 = .59 -325 = .31
-175 = .57 -350 = .29
-180 = .55 -400 = .25