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Sports Betting on Baseball

When sports bettors turn to baseball, point spreads, or a “run line,” are available just as they are in football or basketball. If the Reds are playing the Cardinals in St. Louis, with the Reds listed at +1.5, then Cardinals bettors need them to win by two runs or more, while Reds bettors win if Cincinnati wins the game or loses by only one run.

More commonly, though, baseball bettors focus on the money line. The run line isn’t as popular as point spreads in football and basketball.

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Sports Betting and House Edge

In a previous entry discussing the point spread, over/under and money line wagers at sports books, I mentioned that the house typically charges an extra 10 percent on point-spread and over/under bets. To win $10, you must bet $11.

Bettors are sometimes misled into thinking that gives the house a 10 percent edge, which would be very high casino standards.

Actually, the house edge is 4.55 percent. Here’s how it works:

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