The MLB season offers sports bettors the most opportunities to place wagers thanks to a 162-game season and baseball’s slow pace of play and varied start times allow players to monitor all of the action their money is riding on. Thanks to the Supreme Court lifting a federal ban on online sportsbetting in 2018, digital sports betting platforms in New Jersey now offer MLB odds directly on the web without ever needing to leave the house.
MLB odds work a bit differently than odds in other sports. For example, the NFL features unique point spreads for every game. In order for a favorite to pay out, they need to win by more than the point spread. In baseball odds, all games are based on the “run line,” which is basically a permanent 1.5-run spread. The favorite has to win by more than 1 run to cover and pay out while the underdog can lose by no more than one run and still pay out.
The size of the payout is determined by the moneyline, which basically just tells you the ratio of the payout to the bet. If a favorite has a -110 moneyline, you would need to wager $110 to win back $100. If an underdog has a +120 moneyline, your $100 bet would net you $120 in winnings.
MLB Regular Season
The MLB has 30 teams and each one plays 162 games each season between April and October. Each team typically plays every day with the exception of an off day every week or two, either on Monday or Thursday. This means that new baseball odds and new games are available each day and the MLB offers the most games to bet on each year. For real die hard bettors, the MLB Network offers live look-ins on each game throughout the day. Since baseball games typically start at 1 pm, 4 pm, 7 pm, and 10 pm and have a reasonable slow pace of play, you could feasibly monitor most of the MLB action each day while your money is on the line.
The MLB playoffs feature eight teams — six division winners and two wild card teams, non-division winners which have to play a one-game playoff to qualify for the divisional round — and stretch from early October to early November. The first round features best-of-five series while the conference round and the World Series feature best-of-seven series. Each game will have different odds because each team will use different pitchers and different lineup combinations.
World Series of Baseball
After the success of online gambling platforms, many of the casinos above inked partnerships to launch their own online sports betting NJ platforms once the ban was lifted in 2018. DraftKings Sportsbook and FanDuel Sportsbook, the two fantasy sports giants, were among the first to set up partnerships with casinos and racetracks to offer every adult in New Jersey sports betting platforms.
While DraftKings and FanDuel are among the most popular and user-friendly options, playMGM, the SugarHouse Sportsbook, Caesars, 888 Sportsbook, BetStars, and William Hill have all launched online sports betting NJ platforms that are available across the state.
MLB Betting Markets
After you are familiar with moneyline, run line, and over/under betting, you can begin to experiment with more exotic bet types that are available on many sportsbooks.
A common bet you will is a parlay, which allows you to combine two or more wagers into one bet. This means that the risk is increased because both of your bets must win for you to get paid, but the payouts increase substantially with every bet you add.
You can also make prop bets on single-game events like how many strikeouts a pitcher will have or whether a hitter will have two or more home runs. Futures bets are also available for season-long events, like which team will win the American League West or which hitter will lead the league in stolen bases.
Best NJ Sports Betting Sites
If you’re familiar with baseball, you’re likely familiar with FanDuel and DraftKings, the two fantasy baseball giants that quickly opened up online sportsbooks in New Jersey after the ban was lifted. These two sites offer baseball odds for every game and offer generous bonus offers to get started. The two sites also offer mobile applications so you can wager and monitor your games on your phone. Other popular MLB odds providers include 888 Sportsbook, Caesars, playMGM, BetStars Sportsbook, SugarHouse Sportsbook, and William Hill. All of the sites have varied user experiences and some will usually offer slightly different odds on certain games.