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What are baseball betting odds?

With its longstanding history of over 170 years, baseball has become one of the most popular sports in countries like the United States and India. Today, betting on this sport has also become a favorite pastime. This is why Bitsler ensures to offer online baseball betting to its punters.

Find a wide range of baseball tournaments at Bitsler and enjoy a rewarding sports betting experience. As one of the best sportsbooks for all your betting needs, Bitsler allows you to bet on your favorite baseball leagues, teams, and players anywhere!

Discover more of what Bitsler offers for online baseball betting when you continue reading below.

Have you ever viewed a betting odds table and felt as if you were reading ancient hieroglyphs? Don't worry, since learning the odds is a lot easier than it appears. Whether you're new to baseball betting or a seasoned veteran looking for a fast refresher, you’ll know everything about baseball betting odds here at Bitsler.

Here are baseball playoff betting odds, mainly in MLB, to help with your wagers:

詳細

American odds

The most common betting odds in US sportsbooks are the American odds. You’ll see these betting odds with the negative and positive signs beside the whole number.

The numbers with the positive sign are for the underdogs, indicating the amount you must stake to win US$100. On the other hand, numbers with negative signs are for the favorites, indicating the amount won for every US$100 staked.

Here’s an example:

Minnesota Twins = -200
Tampa Bay Rays = +180

In this example, the Minnesota Twins have -200 odds, and the Tampa Bay Rays have +180. It shows that the Minnesota Twins are the favorite team while the Tampa Bay Rays are the underdog. If you want to bet on the former team, you need to pay US$200, and when they win, you get your bet back plus US$100. Your total payout is then US$300.

Fractional odds

Fractional odds, also known as the British odds, are popular in countries like Ireland and the United Kingdom. When you find this on the betting odds table, you’ll see that there are slashes ( / ) or hyphens ( - ). The left side of the slash or the numerator is the amount you win, while the right side or denominator is the amount you need to bet. Whichever has the smallest number on its left side is the underdog and vice versa.

Here’s an example:

Colorado Rockies = 18/5
Chicago Cubs = 3/9

In this example, the Colorado Rockies have 18/5 while the Chicago Cubs have 3/9. This example shows that the Rockies are the favorites and the Cubs are the underdogs. Picking the Rockies means you must wager US$5. If the Rockies win, you get your bet back and an additional US$18. Your total payout then totals US$23.

Decimal odds

Decimal or European odds are the most common format used in Europe, Australia, Canada, and New Zealand. As the name implies, you’ll see this type of betting odds in decimal form, where the numbers are always positive. The favorites have lower numbers, while the underdogs have higher values.

Here’s an example:

San Francisco Giants = 1.69
Cleveland Guardians = 2.23

In this example, the San Francisco Giants have 1.69 while the Cleveland Guardians have 2.23. This shows that the favorite is the Giants, and the underdog is the Guardians. If you bet US$100 on the San Francisco Giants and they win, your total payout is US$169 (100 x 1.69).

Types of baseball bets you should know

Baseball is one of the ideal sports to bet on due to the variety of wagering methods available. One of the popular types of baseball bets is the Moneyline due to its simplicity. However, there are other bets like spread bets, run line and total betting options you can choose from.

Here are the different kinds of wagers you’ll find once you begin betting:

Moneyline

The Moneyline bet is one of the simplest betting types as it’s about predicting the outcome of the game whether it’s a win, loss, or tie/draw.

However, there is no true tie in baseball in terms of the final result of the game. With this bet type, the betting line is already set, which tells the expectations of what will happen in the game. The lines include the chances of the team winning and the total number of points of each team. You have to choose whether you’ll wager on either the favorite or the underdog.

Three-way Moneyline

When you bet on a Three-way Moneyline, you’re wagering on these possible outcomes: either Team A or Team B wins, or the two teams are tied. Since a baseball game cannot conclude in a tie, the Three-way Moneyline involves betting on the outcome after nine innings. If the two teams are tied after nine innings, the three-way moneyline bet considers it a tie.

Runline

In sports betting, the Spread bet is one of the most basic types of bets. However, in baseball, there’s no such thing as points but runs. Instead of Spread bets, baseball sports betting has a Runline betting option. Just like Spread bets, Runline betting requires a team to win by a certain margin or lose by less than the margin. The standard Runline is 1 ½ or 1.5.

Here’s an example:

New York Mets = –200, +1½
Arizona Diamondbacks = +180, -1½

In this example, betting on Diamondbacks for US$100 earns you $180 if they win. This means the Arizona Diamondbacks -1½ have to win the game by 2 runs or more for your wager to pay off.

Totals

The total bet is also known as Over/Under betting. In this bet type, you’re betting on the combined final score of the event. Choose ‘Over’ if you think the combined scores are over the determined number of the sports betting site. On the other hand, pick ‘Under’ if you think the combined scores are lesser than the determined number.

Here’s an example:

Over 7½ runs (-115)
Under 7½ runs (-105)

If you think that thetwo teamswill have a combination score of at least 8 runs, bet over. On the other hand, if you think the game will have fewer runs, wager under.

Prop bet

This type of betting option is wagering on a certain player instead of a team. Prop bets are a fun way to bet without having to think too hard since they are based on luck.

The Player Props concentrate on individual stats, such as singles, doubles, triples, home runs, walks, strikeouts, and more. Meanwhile, Game Props are wagering on the highest-scoring inning or if the game goes into extra innings.

Additionally, you can bet on the following: teams with the most hits, walks, home runs and total bases and teams with the least strikeouts.

Parlay

A Parlay is a gamble that combines two or more wagers into a single stake. This type of betting option pays out more than if each wager was put separately, but they also carry greater risk since all bets must win for you to win the bet. The more bets in a Parlay, the higher the hurdle, but the greater the reward. Parlays can contain any type of bet, such as Runlines, Moneylines, or Over/Under.

Futures

Futures are bets on the full season or the remainder of the season if it is already underway. In this type of betting option, choosing the team that will win the entire series is the most popular bet.

Futures bet rewards high payouts since picking a winner a few months in advance is challenging. From trades to injuries, a lot can happen in a season. The beauty of this bet is that it retains the excitement throughout the season rather than a single game, allowing you to stay involved until the end.

What are the baseball betting markets?

Now that you have a basic understanding of the odds and baseball bets, you also have to be familiar with the betting markets you can find on Bitsler. With these, you can check the leagues available, current matches and the most wagered games.

Continue reading to know more about Bitsler’s baseball betting markets.

In-play

The matches displayed in the in-play, also called live-betting, feature matches that are happening as of the moment. It means that they are live matches.

This category offers you the possibility of placing bets while the match is happening, as opposed to pregame wagers. Here, you can take advantage of odds that can shift between kickoffs or time-outs in live betting. Due to this, a lot of punters prefer to bet on live matches as it offers the thrill of a game you’re following.

Future/Soon

The Future category or Soon, features matches that are going to happen soon. It means that in this category, you are wagering before a game starts, which is also called pre-game wagering.

This is the traditional method of betting on a game, which involves choosing a side before the match begins and waiting for the result. If you’re a patient handicapper, this is the best option for you. Pre-game wagering allows you to take as much time as you need to make choices calmly and analytically.

Outrights

Outright bets are for punters who want long-term game predictions in a competition, tournament, or league. Most outright bets are placed before the start of the season, but you can still put outright bets throughout the season.

An outright bet requires you to determine which team will finish first on the table or leaderboard. This would be the team that has amassed the most points during the season. The odds value is relatively high since it is only one of the total number of teams in the competition.

Competitions

Bitsler offers a wide range of upcoming and ongoing baseball matches you can bet on. Check out Bitsler’s Competition section if you want to see the baseball leagues or tournaments in different countries. In every league, it shows the matches you can wager on.

Here are the baseball competitions you can find at Bitsler:

CPBL (The Chinese Professional Baseball League)

The CPBL is the leading professional baseball league in Taiwan. This league was established in 1989 and played its first season in 1990. Currently, the CPBL has 6 teams competing for the title. Among the teams, the CTBC Brothers have won 9 Taiwan Series championships.

NPB (Nippon Professional Baseball)

The NPB is the leading and highest level of baseball in Japan. This Japanese league started in 1950 in Tokyo and features 12 teams divided into two divisions: the Central League and the Pacific League. In this competition, the most successful team is the Yomiuri Giants with 22 total Japan Series wins and the defending champions are the Orix Buffaloes with their 5th title in 2022.

Mexican League

The Mexican League is the leading professional baseball league in Mexico. It is the oldest-running league in the country, which started in 1925. It features 18 teams divided into two divisions: North and South. In this league, the Diablos Rojos del México has the most league championships, totalling 16.

KBO League

The KBO League (officially Shinhan Bank SOL KBO League) is the leading and highest-level baseball league in South Korea. It started in 1982 and became the most popular sports league in the country. It features 10 teams, where the Kia Tigers have 11 Korean Series wins, which is the highest in the league.

MLB (Major League Baseball)

The MLB is the most popular baseball league in the world. It is a professional baseball league in the United States that was started in 1836 by the National Association of Baseball Players. Among its 30 teams, the New York Yankees hold the record of 27 World Series titles.

How to bet on baseball at Bitsler

Bet on your favorite baseball team seamlessly at Bitsler. Here, you can deposit and wager using the popular crypto coins. We offer various promotions that will earn you additional rewards. But before doing that, you have to sign up and create an account. After you register, enjoy betting on the top baseball leagues and claim rewarding bonuses.

Create an account

Go to the Bitsler page.
Click the ‘register’ button in the top right corner of the page.
Enter your email address and password twice.
To proceed, you must confirm that you're 18 years old and above and have read and agreed to our Terms & Conditions, as well as our Privacy Policy.
Go to your email and click the confirmation link sent by Bitsler.
Then, insert your desired username.

Deposit funds

Click the ‘deposit’ button.
Select the currency you wish to deposit.
Copy your deposit address as well as any extra required details (such as memo ID/destination tag) to your wallet.
Then, follow the next instructions on your wallet.

Bitsler doesn’t have a minimum or maximum deposit limit, allowing you to deposit how much you want.

Choose your preferred baseball league

After signing up and depositing funds into your account, it’s time to select the baseball matches you want to bet on. You can choose from the available baseball leagues:

CPBL (The Chinese Professional Baseball League)
NPB (Nippon Professional Baseball)
Mexican League
KBO League
MLB (Major League Baseball).

Hit a home run with your favorite baseball team at Bitsler

At Bitsler, you'll hit a home run with the finest markets and the best offers. You can go for the leading leagues like MLB, KBO League, Mexican League and more. Trust us, you'll have the best online sports betting experience! With crypto transactions, you’ll enjoy faster, more fun and fair betting online. For a more convenient sports betting experience, download our mobile app.

Frequently asked questions

Where can I bet on baseball?

If you are looking for a trusted sportsbook online, go for Bitsler. We are a Curaçao gaming company, fully owned and operated by Oyine N.V. and have a license of Antillephone N.V. 8048/jaz.