Convert Money Lines to Percentage. There are two formulas you will need to convert baseball betting lines into probability. The formula you use depends on whether the line is positive or negative. Positive Formula: 100 / (ML +100) Example: Money Line = +130. 100 / (130 +100) = 0.4347 or 43.5% Negative Formula: ML / (ML - 100) Example: Money Line = -150
Moneyline wagering is one of the simplest forms of baseball bets and also the most intuitive for any novice gambler to understand. The only barrier will likely be learning about odds and how the payouts can differ between favorites and underdogs. The most basic part of a moneyline bet is predicting which team will win.
Moneyline means you are betting who will win the baseball game Straight Up (SU) without a point spread. The team that wins the game wins the wager. The team with the negative sign (i.e. Philadelphia -115) is usually the favorite. In the example above the team with the larger negative amount is the favourite. In this case it is Philadelphia ML (Moneyline) -115 odds.
The favorite on the money line will be listed at -1.5 on the run line. What this means is that the team laying -1.5 runs has to win by 2 or more or you lose your bet. On the flip side of this, the underdog on the money will be listed at +1.5 on the run line, which means they either have to win the game outright or lose by just 1 run.
Simply put, a moneyline tells you how much you have to wager in order to make a profit of $100. Consider a hypothetical baseball game between the Chicago Cubs and the Los Angeles Dodgers. When looking at the moneyline for the game, a bettor will see something like this: Chicago Cubs +120. Los Angeles Dodgers -130.
The moneyline in MLB betting is the market where bettors can wager on who will simply win a baseball game. Those odds are based on the probability of which team is going to win a game in the eyes of the oddsmakers, though there are other factors that can influence the moneyline odds as well.
How MLB Moneyline Bets Work. The moneyline is the simplest form of baseball betting, which also makes it the most popular. To win a money line bet, you need to pick the correct team to win the game outright.
Moneyline. The best wager to make in the MLB is the moneyline. Bettors simply choose Team A to win vs. Team B, with the books typically setting odds in the range of -200 to +200. As the season draws on and injuries pile up, and talent discrepancies become more apparent, that range will extend on either end.