Before you wager on MLB in the Great White North, it's imperative to fully understand what you're staking your money on. Starting with even a basic understanding is beneficial, as betting isn't always a breeze to master on the go. betting sites Baseball offers a rich variety of betting markets, each with its own set of odds. But what do these numbers signify? This is a perfect springboard for newcomers.
Odds come in three principal forms worldwide, and while not every Canadian bettor will encounter all three, it's valuable to understand each and know how to convert between them to always comprehend your MLB bets.
Formats of MLB odds
Decimal MLB odds are ubiquitous across the global online sports betting landscape due to their simplicity. Displayed in a way that includes your stake like 2.0 indicating $2 return on a $1 wager, they're ideal for beginners. We recommend setting this as your default to navigate smoothly.
Decimal MLB odds
The odds often seen on North American platforms appear as numbers with plus or minus signs. A + signifies the amount you'll win on a $100 wager, excluding the stake. At +100 odds, you'd earn $100 on a successful MLB gamble, plus your initial stake—$200 in total.
American/Vegas MLB odds
Rarely featured in Canada, these odds are a UK and Ireland staple. They offer a classic numerator/denominator format where the former is the payoff, and the latter represents the stake. For instance, 1/1 MLB odds mean a return of 1 for each 1 wagered, akin to 2.0 or +100 odds.
Fractional MLB odds
Interested in what MLB markets you can bet on? We've got you covered. horse racing betting Baseball betting presents an assortment of markets. While this list isn't exhaustive, we share the most popular ones you can invest in.
The Moneyline market in MLB is about something as simple as predicting the game winner. With extra innings in play and no possibility for a draw, just pick Team A or Team B—it doesn't get more straightforward than this!
Run line odds offer a handicap market to level the playing field. Imagine the Los Angeles Dodgers facing the San Diego Padres; with the Dodgers as favorites, they might need a -2.5 run line allowance. Betting on Dodgers means hoping for a victory by 3+ runs. On Padres? They can lose by up to 2 runs, and you'd still win.
Moneyline odds
In this market, the focus is on the cumulative runs in a game. Sports sites in Canada set a line, and your task is to decide if the teams will exceed or fall short over the course of play.
Run line odds
Consider a Yankees vs. Red Sox clash at Yankee Stadium—if expectations run high, a line of 12.5 might be set. Bet overs if you foresee a high-scoring affair; for a tighter game, unders are your play.
MLB prop bets cover various in-game events without waiting for the final outcome. Wager on a team scoring in the first inning or a player achieving noteworthy stats as examples.
Under/over odds
Player-centric MLB prop bets are prevalent, including predictions for home runs, run-driving capabilities, hit counts, or strikeouts.
There are also fun MLB prop bets during the All-Star Game or wagers on single moments like predicting if a game's first pitch will be a ball or strike. While not for everyone, they provide quirky alternatives for diverse MLB odds.
MLB prop bets
This more complex MLB wager, known as an accumulator, combines multiple bets into one. Moneyline, run line, and over/under bets can all contribute to a thrilling MLB parlay.
Assemble your desired selections—two's a double, three's a treble, and with room for up to 20 picks, figure out the balance between potentially massive rewards and realistic chances.
The more selections, the harder the win, so consider the return vs. feasibility—predicting winners for all 30 active MLB teams that day? It's a hefty task.
MLB parlays
If you're chasing MLB playoff odds, Canadian betting sites have you covered. Though not immediate, futures bets on playoff hopefuls appear as each season gets underway.
When the playoffs hit in October, expect odds for every showdown with available markets, including parlays for bundle bettors.
Predict MLB division winners ahead of the season? Such six-team parlays are a hit with punters hoping to foretell each division conqueror.
