| Baseball Guide
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The Baseball season provides two things to many bettors: opportunity and confusion. Many novices, and even some of the more seasoned sports gamblers, find the intricacies of betting on America’s past-time a little daunting when it comes time to putting their money down on a game. So, without further ado, let's jump into how it's done and how it works.
The first difference that bettors familiar with football and basketball notice is that there is no point spreads involved in baseball. Betting baseball involve odds or a price that is represented as a Money Line. Money Lines are odds expressed in terms of a dollar. Favorite bettors will end up laying more than a dollar in order to win a dollar, while underdog bettors will wager a dollar to win more than a dollar. Sometimes the odds are expressed as a dollar with cents, and sometimes the "decimal" is assumed. Odds of -1.30 and -130 are the same. A favorite that is given a value -130 means that a gambler trying to win $100 would have to put up, or risk, $130 in order to win that $100. An underdog which has a value of +120 means that for every dollar a gambler puts down on the game, he would win $1.20, thus a $100 bet would net him, if the bet wins, a $120 profit.
Favorites will always be represented with a minus sign "-" in front of a value, and underdogs, if they are represented, will always have a plus "+" in front of a value.
Often, underdogs will have no value represented as almost all Sports Books now use what is known as a dime line to book baseball bets, and the underdog value is understood. A dime line is the difference between the price of a favorite and the "comeback" on the underdog, with a "dime" indicating a "10 cent" difference between what a favorite bet must lay and what an underdog bet would win. A -150 favorite does not mean that an underdog bettor would get $150 for a $100 bet...the underdog bettor would only get $140! The difference between the amount that a favorite has to lay and what an underdog winner would be paid is how the Books make their profit-provided underdogs win.
For example, using the above -150 favorite, if a bookmaker takes $1,000 on the underdog and $1,500 on the favorite and the favorite wins, the bookmaker makes no money (paying the favorite bettors the $1,000 he took from underdog bettors...$1,500 on a -150 favorite would win $1,000), but if the underdog wins, then the bookmaker pays the underdog bettors $1,400 and pockets the extra $100 that he has from the favorite bettors ($1,000 on a +140 underdog wins $1,400). 
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