? The Best MLB Betting Sites – October 2024

Find out all the details about the best MLB betting sites and their welcome bonuses.

Baseball enthusiasts and bettors are well aware of the lucrative opportunities that MLB offers. At BonusFinder, we’ve got your back with reviews of the best MLB betting sites. We take a close look at online baseball betting platforms, the bonuses they offer, the different types of sports bets you can make, and the overall user experience. Our goal is to hook you up with the top baseball betting sites in the US. Here are all the details about the top MLB betting sites in October 2024 and their welcome bonuses.

BetMGM Sportsbook

BetMGM Sportsbook is one of the best baseball betting sites in America. This online MLB betting site is available in most states, which is why it takes the no 1 spot on our list. Furthermore, they offer great live betting options, good odds, multiple types of bets, and exciting promotions for events like the World Series. Their $1,500 promotion also offers new customers great value.

Fanatics Sportsbook

Fanatics is one of the best baseball betting site in America. First of all, they have generous welcome bonus. Second, their wagering opportunities include the possibility to earn FanCash, which you can spend on merch. Baseball is a game of stats, so bettors who know their stuff can really make money and get more merch as an addition.

Caesars Sportsbook

Caesars Sportsbook is the third best MLB betting site in the US. It’s known as a great brand by sports bettors worldwide and the American betting site is no exception. With sportsbooks available in multiple states, Caesars has a well thought-out user interface, fair odds, and more types of baseball bets than you can imagine.

? MLB Betting Promos – Explained

Online sportsbooks offer free bets, risk free bets, and deposit bonuses when you create a new account. Baseball bettors can get thousands of dollars in extra money for MLB baseball betting when they combine different bonuses from online sportsbooks.

Bonus Bets

Sportsbooks give you bonus bets to test out their user interface. These kind of sportsbook promos are usually small, and require minimal deposit. Usually the lowest minimum deposit is required for bet & get promos. With deposit match bonus bets, the online sportsbooks will match your first deposit with a bonus bet of the same size. Qualifying bet settlement must usually happen within 7 days to eligible for the bonus.

First Bet Safety

First bet safery is one of the most common legal sports betting bonus offers in the US. If your first baseball bet loses, the sports betting site will give it back in site credit, or a matching bonus bet. You must then bet through the amount a set number of times to satisfy wagering requirements. In rare cases, the loss is compensated in cash. Check T&C for details.

First Deposit Bonuses

Deposit match bonuses match your initial deposit up to a certain percentage – always clearly stated in the bonus offer like: “We’ll match your deposit 200% up to $100!”. Effectively this means that when you deposit $50, you’ll get $150 to bet with. It’s a great deal. The most common deposit bonus is a 100% deposit match.

? MLB Odds – How to Bet Online on MLB Games

With so many games in an MLB season, the demand for up-to-date odds is high. But for novice bettors, understanding the odds and how to place a bet might be intimidating. In this MLB betting guide, we present a simple explanation of how to bet on baseball and spot the most competitive odds.

You might think most people bet on who will win or lose Major League Baseball games, but many punters take advantage of alternative odds at the sportsbooks, such as the margin of victory (known as the runline) or the total number of runs scored by both teams.

Read on to find out more, sign up with one of our recommended betting sites to take advantage of the welcome offer, then place your first bets.

MLB Moneyline Odds

The easiest betting market to understand is simply backing which team you think will win. The amount of profit you make or lose is dependent on the odds offered by your sportsbook. The oddsmakers spend a lot of time researching the two teams, looking at recent form, head-to-head-stats, player injuries, trades, and so forth to determine who is most likely to win. As a result, you get shorter odds on the favorites and longer odds for the underdog.

In baseball, just as in other sports, these odds are presented in the moneyline format. The favorite is shown as a negative number, and this figure is the amount you must bet to win a $100 profit. Meanwhile, the underdog is shown with a positive number, and this is the amount of profit you make if you bet $100.

Let’s take an MLB example. You wish to bet on the Red Sox against the Orioles. The Red Sox are strong favorites, so you might see a moneyline like this:

• Red Sox -205
• Orioles +450

These odds show just how much the sportsbook believes the Boston side will win. If you back them with a $205 bet, you will win $100. Alternatively, if you feel the Orioles have a chance, bet $100, and you could make a $450 profit. You don’t have to wager the full amount on your chosen sports betting app, but can bet and win a proportion of the odds.

Runline Betting

The runline is the MLB version of the point spread (just as the puck line is the NHL term). The spread is a handicap system whereby the sportsbook determines how many runs it thinks a team will win by. Baseball is relatively low-scoring, so the runline will often be 1.5.

Point spread bets are popular because you can find opportunities to make a decent profit even if the main moneyline bets are not attractive.

You will get odds on how likely it is for the favorite team to win by a margin over that 1.5 run spread, which means at least two runs. Our example might look like this: Red Sox at -110 on a -1.5 spread, meaning if you bet $110 and they win by two or more runs, you make $100. Check out how +1.5 spread works for more details.

Alternatively, you can cover the spread and back the Orioles at -110 on a +1.5 spread. In this case, you will bet $110 and win $100 if the Red Sox win by fewer than two runs or if the Orioles pull off a shock victory. If you want to find more about different odds, you can check what what does a +200 money line mean.

Over/Under MLB Odds

Also known as the totals bet, the over/under in MLB is when you forecast whether the total number of runs in a game is over or under the line set by the sportsbook.

When setting the line, the sportsbook takes various factors into account. For instance, some ballparks are harder to score in, while the players in the team for your chosen game will also impact the line.

For example, the line might be set at 7.5 runs, with the over/under odds at -110, so that to win $100 (or part thereof) you must place a $110 wager.

You will find over/under or totals bets in other sports, but the line will change. In basketball, it may be something like 195, reflecting the high number of points scored in a game. In soccer, however, it could be as low as 1.5.

? MLB Teams You Can Bet On

Major League Baseball (MLB) is an elite professional baseball league consisting of 30 teams, evenly split between the National League (NL) and the American League (AL). The league features 29 teams based in the United States and 1 team located in Canada. Throughout the season, each team competes in a grueling 162-game schedule. Following the regular season, the top six teams from each league advance to an exhilarating four-round postseason tournament, ultimately culminating in the prestigious World Series.

American League Central

• Chicago White Sox
• Cleveland Guardians
• Detroit Tigers
• Kansas City Royals
• Minnesota Twins

American League East

• Baltimore Orioles
• Boston Red Sox
• New York Yankees
• Tampa Bay Rays
• Toronto Blue Jays

American League West

• Houston Astros
• Los Angeles Angels
• Oakland Athletics
• Seattle Mariners
• Texas Rangers

National League Central

• Chicago Cubs
• Cincinnati Reds
• Milwaukee Brewers
• Pittsburgh Pirates
• St. Louis Cardinals

National League East

• Atlanta Braves
• Miame Marlins
• New York Mets
• Philadelphia Phillies
• Washington Nationals

National League West

• Arizona Diamondbacks
• Colorado Rockies
• Los Angeles Dodgers
• San Diego Padres
• San Francisco Giants

Last updated: 10/03/2024