A bet on the underdog will, if the team wins the game outright or loses by less than allotted run spread. The number next to this minus sign is how many runs the favored team has to win by in order to cover the bet. Similar to a moneyline bet, a minus sign (-) is assigned to the favorite team. To cover a spread, the selected team must beat the run line that was assigned by oddsmakers for a particular contest. In this type of wager, the bettor has correctly pick which team will win or lose by a specific amount of runs. The point spread/run line may also be referred to as a margin of victory bet, bets against the spread, or simply, the spread. Bettors must risk more money to profit when placing a wager on a favorite as compared to an underdog.

By contrast, Houston's moneyline of -158 means that a bettor would win $100 for every $158 invested. This would give you a total payout of $235 with your original $100 wager included. In the Houston-Arizona matchup, a $100 bet on Arizona at +135 odds would result in a $135 profit if they won the game. The specific numbers next to the plus or minus signs indicate the associated payout amount for betting on each team.

Arizona is the underdog with the +135 moneyline. You can tell that Houston is the favored team in this game because they have a -158 designation moneyline. You can tell which team is the favorite in an odds table as they will be designated with a minus sign (-) while the underdog will be given a plus sign (+). Here's how the moneyline bet looks for our selected MLB matchup: The favorite is the team that is expected to win the contest, and conversely, the underdog is the team that is expected to lose. Almost every single game will have a favorite team and an underdog team. MLB moneyline bets simply require a bettor to select the winner of a particular contest. The most common betting types that you will encounter with MLB are: Understanding the various types of MLB bets, and how they payout, is a must before placing a wager with any confidence. If you are ready to bet on baseball, make the most of it with the valuable BetMGM bonus code. We will use the odds table between the Houston Astros and Arizona Diamondbacks as an example throughout this guide. This MLB betting guide will give you the foundational information that you need to understand basic betting terminology, interpret game odds, and utilize moneylines to help you make educated MLB picks each week. If you’re new to sports betting, or specifically MLB betting, our standard odds tables may be a bit overwhelming.

Sportsbook betting percentages