MLB Parlay of the Day

A parlay bet is when you place a sports bet using multiple selections (this is known as an accumulator in some countries). Parlay bets can be placed using one selected sport or league or can be placed on one competition. That means you can place an MLB parlay bet during the regular season and the playoffs as long as you can make at least two selections.

Parlay betting is a popular form of betting because it allows you an opportunity to make big wins from small stakes due to the enhanced risk involved. If, for example, you make three selections in your bet, you will need all three to be a winner for you bet to be successful. Some bookmakers will offer you the chance to insure your MLB parlay bet and others will give you the chance to boost your winnings.

The main MLB betting markets are Moneyline, spread and over / under total runs:

Money Line - The money line is betting on which team will win the game. There is no option for a draw in the MLB, with teams going to extra innings if the score is tied at the end of regulation, so the moneyline is a two-way market in which you bet on one team to win, and it includes extra innings. 

Line - The line market is more also known as a handicap. Bookmakers will assign one team a positive (+) or negative (-) spread, line or handicap depending on favoritism for the game, and the bettor bets to cover the line.

Let’s use an MLB game between the Chicago White Sox and Houston Astros as an example. If the White Sox start with a +1.5 line and you bet on the White Sox, they need to win the game or lose by less than 2 runs in order for your bet to win.

On the other side of the coin, the Astros would be assigned a -1.5 line spread meaning they would need to win by 2 or more in order for your bet on the Astros to be a winner.

Over / Under Total Runs - This MLB betting market allows bettors to bet on the total amount of runs scored in a game by both teams. The sportsbook will set a line, let’s say 8.5 runs and you can bet on the total runs scored by both teams going over or under that total.