World Series tonight. If you're a 16th Parallel Peon, there's a good chance you're wondering, "OK Katie. Just how the fuck am I supposed to make any money off of this?" Well fuck if I know. If you find out, post it in the comments. We'd all love to know.
You were hoping I'd be more help than that, huh?
This was lovingly stolen from madduxsports.com. It might not tell you anything new than was found here. It's really here only to take up space. And to afford me the opportunity to post more wacky pics.
Moneyline – When you are betting a moneyline you are merely picking which team you think is going to win the game, and if you are right you get paid off. The favorite will be represented in the moneyline by a negative number. If, for example, the favorite is at -135 then you would have to bet $135 to make a profit of $100 when you win. The underdog is a positive number with a smaller absolute value than the favorite. If the favorite was at -135, then you might see the underdog at +115, which means that you would make a profit of $115 if you bet $100. The more you have to bet on the favorite to win $100, the better the perceived chances that the favorite is going to win the game.
Runline – The runline functionally works the same as the moneyline, but with one big difference – your team has to win by two or more runs if you are betting the favorite, and you will still get paid off if you bet the underdog and the team loses by a single run. In other words, the runline is a moneyline attached to a point spread of 1.5 runs.
Issues to consider when choosing which tool to use
Home versus away – One thing to consider when playing the runline is where the team is being played. Road teams cover the runline more often than home teams do. There are two reasons for that – if a home team is winning they get one less at bat, and if the home team is tied or behind going into the ninth then the game ends as soon as they score a run. That doesn’t mean that you should bet road favorites on the runline and not home favorites. It does mean, though, that you need to make sure that the edge is particularly significant before betting on a home team.
Importance of value – Value is the most important aspect of all sports betting, and runlines are no exception. If you read sports betting forums you’ll see all sorts of people making absolute arguments – ‘never bet runlines!’, or ‘runlines are for suckers!’, or ‘you’d have to be an idiot to bet moneylines instead of runlines!’. None of those arguments are even remotely true. Smart bettors who win over the long term don’t blindly make just one kind of bet. Instead, they recognize the strengths and weaknesses of each potential bet, and the analyze them to understand where the best value lies. Rejecting any particular type of bet outright is just rejecting a possibility for potential.
(Note from Katie: OK, i thought I'd have more Giants-related pics. Sorry.)