Major League Baseball is one of the most popular sports to wager on with sports betting apps, sites and retail sportsbooks. Bettors wager on MLB odds ranging from moneylines and run lines to futures markets and prop bets.

With so many MLB games during the regular season, baseball bettors have plenty of chances to take advantage of all the different MLB odds and bet types at their disposal with sportsbook promos to cash in big.

MLB odds will come in many forms and markets. You will find your standard moneyline odds, run line odds, total odds, and prop bet odds when MLB games are in play. You will also find MLB futures markets in the offseason and throughout the year.

MLB Odds

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How to Read MLB Odds

MLB odds are easy to understand. To read MLB odds, start by looking at an individual MLB matchup. Odds will initially be set by the bookmaker and then adjusted according to betting action, injuries, weather, the starting pitchers, starting lineups and location of the game.

The team represented with negative or minus odds is the favorite. Whereas the team with plus odds is the underdog.

For example, if the New York Yankees are playing the New York Mets and the Yankees are favored, this is what you will see from the MLB odds at a sportsbook:

Yankees (-130)
Mets (+125)

When you read MLB over/under odds, you will typically see -110 odds on both sides. The expected total runs scored by both teams combined will be set by the bookmaker, and you need to risk $110 to win $100. The same factors that go into setting moneyline and run line odds mentioned above can affect the total.

With MLB futures odds, the lines will move throughout the offseason and in-season, according to news and injuries. We often see significant shifts once the season is underway as how teams and players fare in real-time action changes the MLB odds.

Where to Bet on MLB Odds

You can bet on the latest MLB odds using the MLB betting promos shown below:

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How to Bet on MLB Odds

✅ Betting on MLB odds is a straightforward process similar to the other sports betting markets. Read below to see how it's done.
✅ Navigate to the MLB section in your preferred MLB sportsbook app.
✅ Find the betting market of your choice whether it's a single-game bet or a future.
✅ Click on your bet to pull up your betslip.
✅ Enter your wager amount.
✅ Click 'Place Bet'.

Types of MLB Betting Odds

MLB Moneyline

An MLB moneyline bet is the most common type of baseball wager. When you bet on a moneyline, you are simply picking which side you believe will win the game outright. You can make MLB picks on multiple moneylines at a time.

For example, if the New York Yankees (-150) are matched up against the Chicago White Sox (+200) and you think the Yankees, who are the -150 favorites, will win, then you place your moneyline bet on New York. You will need to risk $150 to win $100 in this scenario. If your team wins, you win the MLB moneyline bet.

MLB Run Line

When it comes to baseball betting odds, an MLB run line bet is like a point spread wager in other sports. MLB spreads, also known as run lines, give a -1.5 run handicap to the favored team. On the other side, the underdog gets +1.5 runs. To win a run line bet, the side you choose must cover the spread or in this case, the run line.

For example, if the Los Angeles Dodgers are a -1.5 run favorite over the underdog San Francisco Giants (+1.5) and you think the Giants will cover the run line, then place your bet on the Giants. MLB run line bets typically have -110 odds on both sides. To win this bet, the Giants can either win the game outright or lose by less than two runs. If San Francisco loses by two or more runs, then you will lose this MLB run line wager.

MLB Over/Under Bets

MLB over/under bets are also called MLB totals. With baseball totals, the bookmakers will set a total for the number of expected combined runs that will be scored in a game between both teams. MLB odds for over/under total bets are typically -110 on each side. You will then pick the game to go over or under that predetermined run total.

For example, if the Los Angeles Angels are playing the NY Yankees with the total set at 7.5 runs, and you think more than seven runs will be scored, then you place an MLB bet on the over. If the final score totals at least eight runs, you will cash your MLB over/under betting ticket. If less than eight combined runs are scored, then the ticket is graded as a loss.

MLB Parlays

When you bet on MLB parlays, the parlay ticket combines two or more individual MLB bet selections on one bet slip. With parlay bets, each individual bet selection is called a leg. To cash a parlay, each and every leg must win or push.

Here is an example of an MLB parlay bet:

Tampa Bay Rays +1.5 (-184)
LA Dodgers vs Kansas City Royals over 8.5 (-110)
NY Mets moneyline (-275)

In the above example, the parlay odds equate to +301 odds. If all the legs in this 3-leg parlay hit, then the potential payout on a $25 bet is $75.45.

MLB Player Props

You will find various forms of MLB player props on the top MLB betting sites. Player props have nothing to do with the outcome of the game. Instead, player props are focused on the performance of an individual player in a specific statistical category. Most MLB player props have -110 odds on both sides.

Here are examples of MLB player props:

Kyle Tucker over/under 0.5 home runs (-110)
Pete Alonso over/under 1.5 total bases (-110)
Justin Verlander over/under 6.5 strikeouts (-110)

MLB Futures Bets

MLB futures are bets that often aren't settled until the end of the regular season or the postseason. Baseball fans can bet on MLB futures all season long as odds change, as well as during the offseason when odds are initially released.

MLB bettors can dig into MLB futures markets for players whether it's awards, statistical props or to lead the league in a given statistical category. Team futures are also available and expansive as they range from team win total over/unders to division winners and World Series futures.

Popular MLB Futures Bets

World Series Odds
AL Pennant odds
NL Pennant odds
AL MVP odds
NL MVP odds
AL Cy Young
NL Cy Young
AL Rookie of the Year
NL Rookie of the Year
Home run leader
RBI leader
Strikeout leader

MLB Odds FAQS

How do MLB odds work?

MLB odds work the same as other sports betting markets. For example, in picking a moneyline winner in baseball, the favorite will start with a minus sign while the underdog will be denoted by a plus sign.

How to read MLB betting odds?

MLB odds are most commonly presented in the American format. An example of that would be the Baltimore Orioles being -130 favorites over the Philadelphia Phillies (+115). Orioles bettors would have to risk $130 to win $100 while Phillies bettors would profit $115 off of a $100 winning wager. $100 is a guide; bettors can wager any amount they like.

Is it legal to bet on MLB odds?

It is legal to bet on MLB odds in over 30 states. Simply ensure you are in a legal betting state and registered with a legal MLB betting site or app and you will be able to bet on MLB odds.

What are MLB odds?

MLB odds frame a certain bet type in terms of probability. For instance, in American odds, a major baseball underdog may carry +300 odds, meaning there is a low probability that they win the game. The favorite on the other side of that matchup would carry odds in the -350 range, signifying a high probability of that the favorite wins.

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