MLB Baseball Bitcoin Betting

MLB Baseball Bitcoin Betting

A lot of bettors that have being betting on sports will say that the sport of baseball is one of the easiest of all major sports in which you can make profit, but it is one of the least wagered on sports around. Betting on MLB baseball with Bitcoins for example is easier than betting on the NBA using bitcoins.

One of the reasons why bettors don’t bet on baseball much is because they don’t know how. Baseball Bitcoin betting has no point spread bets and the odds for baseball look foreign to them. However, it is actually very easy.

The first thing they need to understand is how money line in MLB betting works as well as the other types of baseball betting. Then they need to visit the best Bitcoin sportsbook with the best baseball odds, make a deposit and place their bets.

What is MLB?

MLB in baseball stands up for Major League Baseball and it is the biggest pro baseball competition where 30 teams are competing for the trophy. The teams are divided into 16 teams in the National League and 14 teams in the American League. Each league has the following divisions: East, Central and West.

The regular MLB season and its odds get underway at the end of April and end in October followed by the post season. Before each season there is spring training. All teams that are part of the MLB play 162 matches each year.

In the post season play-offs, there are 8 teams involved. The first play-off round in the two divisions is the best of 5 series followed by best of 7 Championship Series and World Series. In addition, there is an all-star game played halfway through the season where a team from the National League takes on a team from the American League.

One of the most successful teams in the Major League Baseball is the New York Yankees and they are often the favorites in the MLB Bitcoin betting odds comparison market.

Types of MLB Baseball Bets with Bitcoins

The types of MLB baseball bets that can be done with Bitcoins at many Bitcoin sportsbooks are money line, run line, totals and futures and they are going to be discussed in separate sections below.

Money line

The money line bet in MLB Bitcoin betting replaces the point spread bet where you pick the team you want to win the game. The line has positive and negative values that relate to favorites (-150) and underdogs (+130) with the number 100 sitting the in middle. So, for example, if you want to bet on the favorite, you would bet $150 to win $100. If you bet on the underdog, you would bet $100 to win $130.

Run line

The run line is a combination of money line and a point spread where a team has to win a match by two or more runs so you can win your bet. The value of -1.5 in a game indicates the favorite team by 1.5 runs, while the +1.5 value refers to the underdog by 1.5 runs.

The values associated with the run line are usually between -115 and +200. To cover the run line, the favorite team must win by at least two runs, while the underdog can lose by one run and still over the spread. For example, if you bet $100 on a team that has -1.5, +125, you should win $125 if the team wins by two or more runs.

Total

The total bet in MLB Bitcoin betting is also known as over/under bet and it refers to the number of runs odds makers think will be scored in a match. The totals often range between 7 and 11.5 or 12. By placing a total bet you predict whether the combined total score will be over or under the total. So when you see 9.5 total, you hope for 10 runs or more.

Futures

With this type of MLB bet you predict the future of the upcoming World Series championship. The makers of odds produce these lines during the year depending on factors like the strength of a team etc. For example, the top team of a league may have +150 odds to win the championship.