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Action points: Team against team, regardless of the starting pitchers. However, if there is a change in one or both of the starting pitchers, the bettor still has a wager, but the price will be adjusted according to the new starting pitcher.Point spreads: Used as a margin to handicap the favorite team.Head to head propositions: This is “betting to win” on one sports figure/team against another sports figure/team.
Note: These wagers have no built-in mathematical advantage in a sports event. Why? Sports are independent events and are not ruled by probability theory! Instead, the sportsbook acts as a broker and gains a commission only on losing bets. This commission is called vigorish, vig or juice and typically is 10% of your wager. So if you are wagering $100, you place $110 (11/10 odds). If you win you get $210; or if you lose, you lose $110 and the Sportsbook gets the $10.
Straight bets are the most common MLB wager. When you place a straight bet, you simply pick the team that will win or lose the game. All straight bets have 11/10 odds, unless otherwise noted at the time of the wager. This translates into the sportsbook making 10% vigorish (juice) on losing wagers. OddsRiskGet Juice (lose only) Win
Straight$110$100$10$210
Straight buy ½ point$120$100$20$220
Straight buy 1 point$130$100$30$230
The format used for sportsbook wagering charts is displayed differently and will look more like:
Major League Baseball Run Line Money Line Game Total
HcapPricePriceOver/Under Price
Datetime905(Away Team & Pitcher)+1.5-220+104O: 9.0-120
(Home Team & Pitcher)- 1.5+180- 114U: 9.0+100
DateTime906Dodgers Valdez+1.5+115- 138O: 9.5-115
ExposHermanson- 1.5-135+128U: 9.5-105
DateTime907Athletics Loaiza +1.5-220+112O: 10.0-120
TwinsSilva- 1.5+170 -122U: 10.0+100
