Baseball Odds and Betting Lines
If you are looking for an authoritative source to learn more about the latest baseball odds and betting lines, then you have come to the right place. In this article, our experts explore everything that you could need to know, whether you're a beginner or an expert. We cover everything from different baseball bets to top tips about getting the most out of your baseball betting experience.
The Basics of Baseball Odds and Bets
Baseball is one of the most popular sports to bet on in Canada, with more bets placed on MLB games than sports such as football or hockey. This is partly due to the large number of games played each season.
Below we explore some of the basics you should know to understand baseball odds and MLB bets.
Reading baseball betting lines
Odds for betting on baseball use the moneyline system, which uses negative and positive figures to show which outcomes are more favorable and how much you could win. The system works off a base value of $100.
Odds with a negative symbol attached, such as -250, are a more likely outcome, and the value means you would need to bet $250 to win $100. Betting odds of +250 show that an outcome is less likely and indicates that you could win $250 when you bet $100.
How are winnings calculated?
Winnings for baseball bets are calculated on the basis of the odds given, reflecting the probability of an outcome happening and the amount of money placed on a bet. Odds have either a negative or positive value, with the lower number indicating that outcomes are more likely and with higher numbered odds less likely to be successful.
Higher odds will return more money for each dollar you wager on baseball, and lower odds bets will return less money per dollar you bet.
Important things to consider when betting on baseball in Canada
When betting on baseball in Canada, there are several important points that you should take into consideration.
Canada is split into ten different provinces. Each province has its own regulator that issues licenses to online sports betting operators. While many requirements may be similar, there may be subtle differences between betting rules in British Columbia and Ontario, for example.
One such difference could be that not all online CA sportsbooks are available in all territories. If you're used to betting with bet365 in your hometown but have to travel for work or maybe you're visiting family, if that province hasn't awarded a license to bet365, you won't be legally allowed to bet with it during your trip. Instead, you may have to join and download different CA sports betting apps to use while you're away.
Types of bets you can find
There are many different bet types available when betting on baseball. Here are some of the most popular bet types used by experienced bettors and examples of how they work.
Moneyline
The MLB moneyline bet is the most commonly placed bet across all sports in Canada and focuses on you predicting the outcome of a game.
Spreads
Points spread betting is known as run line betting in baseball. Similar to a moneyline bet, you back a team to win. Except, in this case, a handicap is added to your team, with runs either added or deducted from the final score.
Totals
Totals bets focus on actions such as the number of runs or the number of strikeouts and have you bet on whether they will be over or under a certain amount. You'll often see figures recorded with a .5 attached, such as the Toronto Blue Jays scoring over 5.5 runs in the game Pittsburgh Pirates vs Toronto Blue Jays.
Prop Bets
Prop bets are bets on the proposition that something will happen during a baseball game that won't necessarily affect the outcome of the game. This could be which batter hits the first home run or whether or not the pitcher will pitch a certain number of strikeouts.
Future Bets
Future bets in baseball always look at two main things but can include others also. The two main futures bets you will see are which teams will make the postseason playoffs and who will win the World Series. MLB futures odds tend to have higher value due to the high competition.
Parlays
Parlay bets combine multiple single-line bets into one larger bet with higher odds. For your parlay bet to settle as a winning bet, all the outcomes must occur as predicted on your betting slip. If one result fails to win, your whole bet loses no matter how many successful lines you have.
Comparing Baseball Odds on Oddspedia will Benefit You
Using data can really help boost your chances of success when betting on baseball. Below we discuss just a few ways you can use the information on Oddspedia to better your chances of winning.
Odds Comparison increases your winnings
One way to use Oddspedia is to compare the odds available on our site. We cover over 80 sportsbook brands worldwide and over 100 markets, so you can easily identify who offers the best odds for the biggest possible bet return.
Oddspedia provides the best baseball odds for today
To ensure that you get the best baseball lines and odds on our website, we update them all in real-time. This means as soon as prices change, Oddspedia will update the site so you can always find the most accurate and best MLB odds available at any time of the day that you decide to check.
Track MLB betting lines movement
Another feature at Oddspedia allows you to track the betting line's movement. This means you can see not just when odds change but how they have changed over time. If you notice the odds for one Major League Baseball team increasing dramatically, it may well be the case that something has happened that could impact the outcome of the bet.
Find the best baseball sportsbooks
We only showcase odds from reputable and trusted sports betting brands. If they have bad reputations and don't possess the relevant licenses to legally operate in the areas where gambling is legalized, then you won't find that sportsbook site on the Oddspedia website.Some sportsbooks with competitive baseball odds in Canada are
Oddspedia also has a section where our team collected sportsbook bonuses for bettors from Canada. We have also created a ratings Ontario betting sites and reliable Ontario sports betting apps. We have carefully assembled a collection of the top 5 bookmakers' bonuses that are legally authorized for baseball betting in Canada. The list is provided below for your reference:
FAQ
What are moneylines?
Moneylines are the way that odds are calculated and shown throughout Canada and the US to indicate which outcomes are more favorable and which are valued as less likely to happen.
Which are the best baseball markets to bet on?
The best market will depend on what kind of bets you prefer to place, but the most popular bets on baseball tend to be moneyline, point spreads, and totals bets.
Are there baseball markets I should avoid?
Some markets are less popular because they come with higher odds, meaning they are a higher risk. This includes prop bets.
What does +200 moneyline mean?
If betting on a baseball game and the moneyline odds show +200, this means for every $100 you wager, you would win $200 back, plus your initial stake would also be returned.
Which bookie has the best odds for baseball?
Each bookie may have better odds on a different game which is why comparing odds is important. But both DraftKings and FanDuel usually offer some of the best odds when it comes to baseball bets.
How does Oddspedia's odds comparison work?
Oddspedia compares odds from all legal Canadian sports betting sites and apps and identifies which ones are the best odds. You can expand on findings to view the offerings from all operators to see how different they are.
Is there a betting strategy I can use for betting on baseball?
Many people have their own strategies for betting on baseball, but we suggest monitoring the form of teams based on recent results. Be sure to also look at the home form and away form individually. A team may have lost their last three games, which were all away but could be undefeated at home all season.
