Before you can make any money placing bets on the outcome of MLB events, it is important that you understand baseball odds and how they affect your individual picks. The bookmaker actually sets these and they can fluctuate throughout the season, but the odds you enjoyed whenever you placed your wager will be locked into place.
In the MLB, the run line is basically the same as the point spread and it gives you fairly decent baseball odds whenever you place your wager here. What you will do is place a stake on the number of runs that will be scored in one way or another. For instance, you could predict that the favorite will win by at least three points or, if you want the chance to win even more, you could predict that the underdog will actually win by at least one run.
The moneyline for the MLB is the same as it is in football and hockey. Your goal here is to predict which of the two teams will win the event without having to determine the number of points that will be scored. Keep in mind that you will have to put up a lot to win just a little if you are rooting for the favorite. However, those who choose to root for the underdog and win can rack up a sizeable bankroll in just one event.
Finally, over/under betting is when you attempt to predict the total number of runs that will be scored during a game. In most cases, the bookmaker will set these numbers and you will guess whether the total number of points will be higher or lower than what is predicted. With this option, there is a decent chance to win a sizeable amount, but many people - even professionals - find this type of stake to be a tricky one.
