Here you can learn how to bet on baseball. Learn also why it is the best sports for novice sports bettors and gamblers.
If you know nothing about sports and you still feel the urge to wager, baseball is the easiest sports to wager on. As opposed to football and basketball, where you are mixed up with the point spreads and other confusing calculations, in baseball betting you simply put your money on the outcome of the game. In addition, the baseball season lasts longer, which means more matches and bigger chances to go home with the winning money. Here is a step to step guide to baseball betting.
The main difference between baseball betting and other team sports betting such as football and basketball is that while the latter ones use point spreads, the former uses the money line.
What is a Point Spread?
Point spread is the most common betting type offered in football and basketball betting. The sportsbook spreads the odd of a certain match by subtracting points from the favorite team, which is the team most likely to win and adding points to the underdog, which is the team that will raise a lot of eyebrows if wins.
What is a Money Line?
In baseball betting, the sportsbook sets the odds strictly on the outcome of the match. In order to even the action, bettors would have to risk more money on the favorite and risk less on the underdog. This is called the money line.
For example, if the money line is minus 170 on the favorite and plus 150 on the underdog, then you would have to bet 170 dollars on the favorite in order to earn 100 dollars. On the other hand, if you bet 100 dollars on the underdog, you would win 150 dollars if they would eventually win the match.
The difference between the minus 170 on the favorite and the plus 150 on the underdog is known as the twenty cent line. If the money line was minus on the favorite and plus 150 on the underdog, it is called the ten cent line or dime line. The fifteen cent line is also common in baseball betting.
Sportsbooks also offer total bets and run lines in baseball betting.
1) Total Bets:
These wagers are based on the sum of the runs scored by both of the teams. For example, if the sportsbook sets the over under total of a match as 7, the over wins if the sum of the runs scored by both teams exceeds 7 and the under wins if it sums up to less than 7.
2) The Run Line:
This wager is the baseball variation of point spread. When you are betting on the run line, you are betting on whether one of the teams wins by more than one run, which is marked as minus 1.5 or stays within one run, marked as plus 1.5.
Conclusion:
Although the money line makes baseball betting simpler than football and basketball betting, it causes the payoffs calculation to be more complicated:
1) In order to calculate the payoff when wagering on the favorite you should add 1 to the favorite price and divide it with the favorite price.
2) In order to calculate the payoff when wagering on the underdog you should add 1 to the underdog price.
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Jumat, 09 September 2011
Minggu, 14 Agustus 2011
World Series In Russia – Huh? What?
As we watch the Astros choke or White Sox perform valiantly depending on your point of view, I am reminded of my baseball experience in Russia.
As we watch the Astros choke or White Sox perform valiantly depending on your point of view, I am reminded of my baseball experience in Russia.
World Series
I always find it interesting that most of our professional sports call the championship round the World Series or some similar variation. Clearly, there are games being played elsewhere, so how can it be the world championship? With baseball, the arrivals of Ichiro Suzuki of the Seattle Mariners and Tadahito Iguchi of the White Sox certainly suggest baseball in Japan must be of a high quality. Perhaps more interesting is the fact that some sports aren’t even acknowledged in other countries as I found out in Russia.
Siberia does not have cable television nor can one pull up anything other than CNN. This made watching the World Series a bit difficult. Resorting to my usual tactic, I started hitting up my students for inside information on any parents that might own a satellite dish and could get the games. To my astonishment, not a single person knew the World Series was on or much of anything about baseball. Nobody had even heard of the Yankees! A few students had heard of the Los Angeles Dodgers, which was unbearable for a person from San Diego. It was time to set these innocents right!
The classrooms I taught in were pretty large. Everybody stand up! Desks were moved to the walls, books were placed in the appropriate places and the rules were written on the board. Forget constitutional law, we were going to play some baseball!
Institutions of higher learning are sacrosanct in Russia. It is serious business where deep thinking occurs, everyone studies like mad and the teacher is obeyed at all costs. For example, the students all stand up from their desks when a teacher enters and leaves the room. Serious stuff.
The game was proceeding nicely. Everyone was getting the hang of it, the rolled up paper ball was surviving and the broken desk leg would’ve put any bat to shame. And then the Dean walked by the door. And stopped. And stared.
The University Dean, Tatyana, was a great person and I liked here a lot. In turn, I am pretty sure she thought I was a raving lunatic, but didn’t seem to mind since the students enjoyed my classes. Alas, I thought I had crossed a line with the baseball game.
The Dean opened the door and entered the room. Simultaneously, students looked for places to hide and I tried to come up with some reason why playing baseball was critical to the education of future judges. Tatyana took the bat from the hand of a student, looked at and stared at me. It was one of those stares where you could tell she was considering sending me back to San Diego. There would be no chance of explaining this one away.
After what seemed like minutes, but was probably five seconds, she did the last thing I expected. She took her stance.
The game was on!
As we watch the Astros choke or White Sox perform valiantly depending on your point of view, I am reminded of my baseball experience in Russia.
World Series
I always find it interesting that most of our professional sports call the championship round the World Series or some similar variation. Clearly, there are games being played elsewhere, so how can it be the world championship? With baseball, the arrivals of Ichiro Suzuki of the Seattle Mariners and Tadahito Iguchi of the White Sox certainly suggest baseball in Japan must be of a high quality. Perhaps more interesting is the fact that some sports aren’t even acknowledged in other countries as I found out in Russia.
Siberia does not have cable television nor can one pull up anything other than CNN. This made watching the World Series a bit difficult. Resorting to my usual tactic, I started hitting up my students for inside information on any parents that might own a satellite dish and could get the games. To my astonishment, not a single person knew the World Series was on or much of anything about baseball. Nobody had even heard of the Yankees! A few students had heard of the Los Angeles Dodgers, which was unbearable for a person from San Diego. It was time to set these innocents right!
The classrooms I taught in were pretty large. Everybody stand up! Desks were moved to the walls, books were placed in the appropriate places and the rules were written on the board. Forget constitutional law, we were going to play some baseball!
Institutions of higher learning are sacrosanct in Russia. It is serious business where deep thinking occurs, everyone studies like mad and the teacher is obeyed at all costs. For example, the students all stand up from their desks when a teacher enters and leaves the room. Serious stuff.
The game was proceeding nicely. Everyone was getting the hang of it, the rolled up paper ball was surviving and the broken desk leg would’ve put any bat to shame. And then the Dean walked by the door. And stopped. And stared.
The University Dean, Tatyana, was a great person and I liked here a lot. In turn, I am pretty sure she thought I was a raving lunatic, but didn’t seem to mind since the students enjoyed my classes. Alas, I thought I had crossed a line with the baseball game.
The Dean opened the door and entered the room. Simultaneously, students looked for places to hide and I tried to come up with some reason why playing baseball was critical to the education of future judges. Tatyana took the bat from the hand of a student, looked at and stared at me. It was one of those stares where you could tell she was considering sending me back to San Diego. There would be no chance of explaining this one away.
After what seemed like minutes, but was probably five seconds, she did the last thing I expected. She took her stance.
The game was on!
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