MLB Betting in Delaware

Governor John Carney had the honor of placing the very first bet as a Delaware casino after legal sports betting was introduced in June 2018. Like many people across the state, Carney is a massive baseball fan, and he decided to stake $10 on the Philadelphia Phillies to beat the Chicago Cubs. It was a bold bet, as the Phillies had lost six of their last eight games and were coming up against a red-hot Cubs team. Odds of +200 ( You may also see this listed as 2/1 fractional or 3.0 decimal odds) on the Phillies reflected their underdog status, but inspired pitching from Zach Eflin led them to a famous victory.

The Phillies are the most popular MLB team in Delaware, followed by the Baltimore Orioles. Both teams are likely to gain a lot of attention in the state after it legalized sports betting, with MLB at the front and center of the sportsbooks’ offerings. The Phillies are only given an outside chance of glory in the years ahead, while the Orioles are massive outsiders, but this will not stop passionate fans backing their teams. Yet betting on MLB in Delaware is in no way limited to the nearby franchises, and serious sports bettors will examine every game in a bid to find value.

There are 2,430 games spread across six months of the regular season, and plenty more in the post-season, which keeps bettors extremely busy. Unlike football or soccer, the games come in thick and fast and odds are often not published until a day or so before each contest, so it helps to stay on top of each team’s form over the course of the long and intense season. Here are some betting categories to be aware of as you seek to turn your MLB expertise into a healthy profit:

MLB Moneyline Betting

This involves a straightforward bet on which team will claim victory in a particular game. Bookmakers set odds on each team depending on how strong they are, whether they are at home or away and other variables like injuries, motivation levels and recent head-to-heads between the two franchises. To take a recent example, the Phillies were the -120 favorites to beat the Colorado Rockies at Citizens Bank Park. The Rockies were +105 (1.05/1 or 2.05) underdogs. The teams were pretty evenly matched, with a similar record throughout the season and a very even head-to-head over the past couple of years, but home advantage swung the odds slightly in Philadelphia’s favor.

Odds of +105 means that for every $100 you stake, you will win $105. This is always the case when you see a plus symbol in a set of odds. So +200 gives you a $200 profit for every $100 you stake, +1000 gives you a $1,000 profit and +175 gives you a $175 profit. In the case of the Rockies, you would have earned $105 from a $100 stake. This does not mean you have to stake $100 each time – it is just a guide. At those +105 (1/1 or 2.0) odds, you would have made a $10.50 profit from a $10 stake, a $21 from a $20 stake on so on.

When you see a minus symbol in the odds, that tells you how much you have to stake in order to win $100. When the odds are -120, you must stake $120 to win $100. If the odds were -900, you would need to stake $900 to make a $100 profit. Odds of +100 represent even money. Anything with a minus symbol is an odds-on bet – less profitable but theoretically easier to win – and anything with a plus symbol means you will more than double your money if you guess correctly.

MLB Run Line Betting

Run line betting essentially gives one team a handicap in order to skew the odds. In that Rockies v Phillies game, if you wanted to earn a greater profit by backing Philadelphia you could have given them a -1 handicap. That would mean that they would have to win the game by two clear runs, but the odds would have gone from -120 to +160. Instead of an $8.30 profit from a $10 stake, you would have earned $16, but it is obviously harder to win. If you were really confident of a Phillies win, you could have even given them a -2 handicap, a -3 handicap and so on, with the odds getting more attractive each time.

Alternatively, you could give a team a plus-handicap. For example, you could have gone for the Rockies +2 runs. The odds would have dropped to -200 (0.5/1 or 1.5), so you would not make as strong a profit, but it would cover you in case the Rockies lost by a single run, ensuring you still won your bet.

MLB Total Runs Betting

Run line betting essentially gives one team a handicap in order to skew the odds. In that Rockies v Phillies game, if you wanted to earn a greater profit by backing Philadelphia you could have given them a -1 handicap. That would mean that they would have to win the game by two clear runs, but the odds would have gone from -120 (0.83/1 or 1.83) to +160 (1.6/1 or 2.6). Instead of an $8.30 profit from a $10 stake, you would have earned $16, but it is obviously harder to win. If you were really confident of a Phillies win, you could have even given them a -2 handicap, a -3 handicap and so on, with the odds getting more attractive each time.

Alternatively, you could give a team a plus-handicap. For example, you could have gone for the Rockies +2 runs. The odds would have dropped to -200, so you would not make as strong a profit, but it would cover you in case the Rockies lost by a single run, ensuring you still won your bet.

MLB Prop Bets

Prop bets are special betting options on occurrences within a particular game. In baseball, a common one is: will there be a run in the first innings? You simply bet on yes or no. Another popular prop bet is: will the game go to extra innings? You typically find long odds on yes and short odds on no in this market. There are also some wilder props – Yasiel Puig to be ejected from a game at +7000 (70/1 or 7.0), snow to fall during the World Series at +50000 (50/1), a fan streaking on the field at +15000 (150/1 or 151) and so on – so be sure to keep an eye out on the big games for this sort of merriment.

 

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