Major League Baseball is one of the most popular sports to bet on with sports betting apps, sites, and retail sportsbooks. Bettors wager on MLB odds ranging from moneylines and run lines to futures markets and player props.

With so many MLB games during the regular season to bet on, MLB bettors have plenty of chances to take advantage of all the different MLB odds and bet types at their disposal with sportsbook promos.

MLB odds come in many bet types and markets. These include moneylines, run lines, totals, and prop bets when MLB games are in play. You can also bet on MLB futures markets in the offseason and throughout the year.

MLB Odds

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How to Read MLB Odds

MLB odds are easy to understand. To read MLB odds, start by looking at an individual MLB matchup. Odds will initially be set by the bookmaker and then adjusted according to betting action, injuries, weather, the starting pitchers, starting lineups and location of the game.

The team represented with negative or minus odds is the favorite. Whereas the team with plus odds is the underdog.

For example, if the New York Yankees are playing the New York Mets and the Yankees are favored, this is what you will see from the MLB odds at a sportsbook:

Yankees (-130)
Mets (+125)

When you read MLB over/under odds, you will typically see -110 odds on both sides. The expected total runs scored by both teams combined will be set by the bookmaker, and you need to risk $110 to win $100. The same factors that go into setting moneyline and run line odds mentioned above can affect the total.

With MLB futures odds, the lines will move throughout the offseason and in-season, according to news and injuries. We often see significant shifts once the season is underway as how teams and players fare in real-time action changes the MLB odds.

Where to Bet on MLB Odds

You can bet on the latest MLB odds using the MLB betting promos shown below. While you can use the BetMGM bonus code to grab a first bet offer, you can also use the DraftKings promo code for a bet-and-get offer.

Keep in mind that taking advantage of multiple welcome offers is the best way to collect ongoing bonuses and promos. Having multiple sportsbooks at your disposal is another great way to place actionable bets by shopping for the best MLB odds and lines.

MLB Betting Site	MLB Welcome Offer	MLB Promo Code
Fanatics Sportsbook	Bet $30, Get $300 in Bonus Bets, Bet $50, Get $250 in Bonus Bets or Bet & Get Up to $1,000 in No Sweat Bets	No Code Needed - Get Offer
BetMGM	$1,500 First Bet Offer or Bet $10, Get $150 If You Win	ROTOSPORTS (ROTOBONUS in KY, MA) ROTOBG150 (CO, MI, NJ, PA WY)
bet365	Bet $5, Get $150 in Bonus Bets Win or Lose	ROTOWIRE
Caesars Sportsbook	Bet $1, Double Your Winnings Your Next 10 Bets	ROTODYW
DraftKings	Bet $5, Get $300 in Bonus Bets If Your Bet Wins	No Code Needed - Get Offer
FanDuel	Bet $5, Get $200 in Bonus Bets If Your Bet Wins	No Code Needed - Get Offer
Hard Rock Bet	Up to $100 Back in Bonus Bets If Your First Bet Doesn't Win	No Code Needed - Get Offer
ESPN BET	Bet $10, Get $100 in Bonus Bets + 30 Days of ESPN+	ROTO

How to Bet on MLB Odds

Betting on MLB odds is a straightforward process similar to betting on other sports betting markets. Read below to see how it's done.

Navigate to the MLB section in your preferred MLB sportsbook app.
Find the betting market of your choice, whether it's a single-game bet, a player prop or a future.
Click on the bet you want to make to add it to your bet slip.
Enter the amount you want to stake on your bet.
Click 'Submit Bet.'

Types of MLB Betting Odds

MLB Moneyline

An MLB moneyline bet is the most common type of baseball wager. When you bet on a moneyline, you are simply picking which side you believe will win the game outright. You can make MLB picks on multiple moneylines at a time.

For example, if the New York Yankees (-150) are matched up against the Chicago White Sox (+200) and you think the Yankees, who are the -150 favorites, will win, then you place your moneyline bet on New York. You will need to risk $150 to win $100 in this scenario. If your team wins, you win the MLB moneyline bet.

MLB Run Line

When it comes to baseball betting odds, an MLB run line bet is like a point spread wager in other sports. MLB spreads, also known as run lines, give a -1.5 run handicap to the favored team. On the other side, the underdog gets +1.5 runs. To win a run line bet, the side you choose must cover the spread or in this case, the run line.

For example, if the Los Angeles Dodgers are a -1.5 run favorite over the underdog San Francisco Giants (+1.5) and you think the Giants will cover the run line, then place your bet on the Giants. MLB run line bets typically have -110 odds on both sides. To win this bet, the Giants can either win the game outright or lose by less than two runs. If San Francisco loses by two or more runs, then you will lose this MLB run line wager.

MLB Over/Under Bets

MLB over/under bets are also called MLB totals. With baseball totals, the bookmakers will set a total for the number of expected combined runs that will be scored in a game between both teams. MLB odds for over/under total bets are typically -110 on each side. You will then pick the game to go over or under that predetermined run total.

For example, if the Los Angeles Angels are playing the NY Yankees with the total set at 7.5 runs, and you think more than seven runs will be scored, then you place an MLB bet on the over. If the final score totals at least eight runs, you will cash your MLB over/under betting ticket. If less than eight combined runs are scored, then the ticket is graded as a loss.

MLB Parlays

When you bet on MLB parlays, the parlay ticket combines two or more individual MLB bet selections on one bet slip. With parlay bets, each individual bet selection is called a leg. To cash a parlay, each and every leg must win or push.

Here is an example of an MLB parlay bet:

Tampa Bay Rays +1.5 (-184)
LA Dodgers vs Kansas City Royals over 8.5 (-110)
NY Mets moneyline (-275)

In the above example, the parlay odds equate to +301 odds. If all the legs in this 3-leg parlay hit, then the potential payout on a $25 bet is $75.45.

MLB Player Props

You will find various forms of MLB player props on the top MLB betting sites. Player props have nothing to do with the outcome of the game. Instead, player props are focused on the performance of an individual player in a specific statistical category. Most MLB player props have -110 odds on both sides.

Here are examples of MLB player props:

Kyle Tucker over/under 0.5 home runs (-110)
Pete Alonso over/under 1.5 total bases (-110)
Justin Verlander over/under 6.5 strikeouts (-110)

MLB Futures Bets

MLB futures are bets that often aren't settled until the end of the regular season or the postseason. Baseball fans can bet on MLB futures all season long as odds change, as well as during the offseason when odds are initially released.

MLB bettors can dig into MLB futures markets for players, whether it's awards, statistical props or to lead the league in a given statistical category. Team futures are also available and expansive as they range from team win total over/unders to division winners and World Series futures.

Popular MLB Futures Bets

World Series Odds
AL Pennant odds
NL Pennant odds
AL MVP odds
NL MVP odds
AL Cy Young
NL Cy Young
AL Rookie of the Year
NL Rookie of the Year
Home run leader
RBI leader
Strikeout leader

MLB Odds Implied Probability Table

Knowing the implied probability of MLB odds helps you figure out what the sportsbook thinks your bet's chances are of winning. It also tells you whether or not you're actually getting good value on your bet. Use ur betting odds calculator to find out the implied probability on every bet you make.

MLB Odds (American)	Implied Probability
+300	25.00%
+250	28.57%
+200	33.33%
+150	40.00%
+120	45.45%
+100	50.00%
-110	52.38%
-120	54.55%
-130	56.52%
-150	60.00%
-175	63.64%
-200	66.67%
-250	71.43%
-300	75.00%
-400	80.00%
-500	83.33%

MLB Odds FAQS

How do MLB odds work?

MLB odds work the same as other sports betting markets. For example, in picking a moneyline winner in baseball, the favorite will start with a minus sign while the underdog will be denoted by a plus sign.

How to read MLB betting odds?

MLB odds are most commonly presented in the American format. An example of that would be the Baltimore Orioles being -130 favorites over the Philadelphia Phillies (+115). Orioles bettors would have to risk $130 to win $100 while Phillies bettors would profit $115 off of a $100 winning wager. $100 is a guide; bettors can wager any amount they like.

Is it legal to bet on MLB odds?

It is legal to bet on MLB odds in over 30 states. Simply ensure you are in a legal betting state and registered with a legal MLB betting site or app and you will be able to bet on MLB odds.

What are MLB odds?

MLB odds frame a certain bet type in terms of probability. For instance, in American odds, a major baseball underdog may carry +300 odds, meaning there is a low probability that they win the game. The favorite on the other side of that matchup would carry odds in the -350 range, signifying a high probability of that the favorite wins.

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