MLB Odds & Betting Lines
May 7th
The content on this page is for informational purposes only. VegasInsider.com makes no representation or warranty as to the accuracy of information given or the outcome of any game or event.
Updated on: May 07, 2024
Operators are not available in all states. You are only permitted to wager with Operators that are licensed in the state where you reside. Please check your local state rules and regulations. 21+, T&Cs apply.
POPULAR MLB FUTURES MARKETS
- MLB Futures Odds
- Win Total
- Playoffs (Yes-No)
- Player Props
- MVP
- Rookie of the Year
- Cy Young
- Home Run Derby
MLB PENNANT WINNER MARKETS
MLB DIVISION WINNER MARKETS
- NL East Division Winner Odds
- NL West Division Winner Odds
- NL Central Division Winner Odds
- AL East Division Winner Odds
- AL West Division Winner Odds
- AL Central Division Winner Odds
HOW TO READ MLB LAS VEGAS ODDS
This MLB Vegas Odds page will be updated daily with money line betting odds on each game from online sportsbooks such as FanDuel, DraftKings, and BetMGM.
We also offer odds to win the World Series for each team in our MLB Futures Odds section. This section also includes each team's odds to win the American League and National League Pennants.
HOW TO READ BASEBALL LAS VEGAS MONEY LINE ODDS
Choose one team or the other for the win!
If you’re betting Major League Baseball money line wagers, you will either be cheering for the favorite or the underdog to pick up the victory, as long as the game officially goes past the midway point (through the top of the fifth inning). A game must at least become official, per the rules of MLB, before a winner is determined. And when you are betting the money line, you will either select the favorite or the underdog to win outright, and you needn’t worry about margin of victory. Simple, right?
Similar to our Run-line and 1st Five Inning Odds, every game on the board shows with pitcher information, as well the Date and Time of the Major League Baseball games of the evening.
Baseball will list Favorites and Underdogs for that day’s games. The Money Line Odds will show the favorite listed with a (-), and the underdogs will be indicated by a (+) symbol. Most betting sites online, as well as all betting apps, will do the math for you. But it’s a rather simple equation based upon $100 wager.
N.Y. YANKEES -125 (BET $100 TO WIN $80)
TAMPA BAY +110 (BET $100 TO WIN $110)
In the above example, N.Y. Yankees is listed as the favorite (-), while Tampa Bay is considered the underdog. If someone making a wager selected the Yankees, favored to win, they would return only $80 on a $100 wager at minus-125. Some books will also offer fractional odds, and in this particular instance the Yankees would be a 4/5 favorite. The decimal format is sometimes listed, especially popular overseas, and the Yankees would be listed at 1.80 on the big board.
Since the Yankees are the favorite, the Rays are considered the underdog and bettors receive a larger return on their initial stake. In the example above, a $100 winning wager on the Rays would return a $210 total, which includes a $110 win and your original $100 stake. The fractional odds for this example would be 11/10, with the Yankees listed at 2.100 with the decimal conversion.
VEGASINSIDER OPEN & CONSENSUS
MLB OPEN LINE
One of the best features on the MLB Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the MLB or any other sport, it’s a great idea to view the open line first.
VI CONSENSUS MLB LINE
The VegasInsider.com Consensus MLB Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
BETTING ON MLB GAMES
WHERE CAN I BET ON MLB GAMES?
There are several legal sportsbook options in the United States. Visit our sportsbook directory to find online sportsbooks where you can bet on the MLB.
Our DraftKings promo code is a great way to bet on the MLB. You can also bet with our exclusive BetMGM Bonus Code on MLB.
For additional sports odds and a generous bonus offer, visit the Borgata Online Casino.
In regard to other online casino bonuses, the Caesars Palace Online Casino Bonus Code is especially beneficial for a variety of bettors.
WHO'S THE FAVORITE TO WIN THE WORLD SERIES?
For odds on where teams will finish in the MLB Playoffs, check out our MLB Futures page.
WHO ARE THE EXPERTS PICKING TO WIN?
Our experts offer picks on all the big MLB games. Check out our MLB handicapper picks to see what our experts are saying.
CAN YOU PLACE PARLAY BETS ON MLB GAMES?
Most sportsbooks will allow you to parlay your baseball bets, meaning you can bet on multiple odds and win a bigger payout if they all win. Check out our parlay calculator to see what your payout will be.
MOST POPULAR BETTING ODDS
Along with providing NFL Las Vegas Odds, VegasInsider is also the leader in betting numbers for the most popular sports that are wagered on in the United States.
Those sports and the betting odds can be found below:
