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What are MLB odds and how do you use them?

MLB odds are the prices sportsbooks offer on baseball markets like moneyline, run line, totals and team props. To spot value, compare the implied probability from the odds to a model probability. If the model probability is meaningfully higher, the price may be +EV.

Implied probability Model probability Value comparison
Quick formula: implied % = 1 / decimal odds. Example: 2.00 equals 50%.

What you can do in 30 seconds

  • Scan the table for your market (moneyline, run line, totals, props).
  • Check model vs implied probability for mismatch.
  • Use related pages for picks, props, parlays and guides.
Focus
Odds comparison
Across bookmakers
Edge
Model vs implied
Value lens
Live MLB odds with model probability and implied probability
Game Info Market Outcome Bookmaker Odds (Decimal/American) Model Probability Implied Probability Prediction

MLB Odds Today

This page aggregates today’s MLB odds across bookmakers and pairs each price with two numbers that matter: model probability (what our model thinks should happen) and implied probability (what the odds suggest). That makes it easier to compare markets quickly, understand pricing, and identify potential value.

How to read this odds table

  1. Pick a market (Moneyline, Run Line, Totals, or a team prop market key).
  2. Look at the price in Decimal and American format.
  3. Compare model vs implied: if model probability is higher than implied probability, the price may be value.
  4. Use prediction context: moneyline shows the projected winner, other markets show the predicted number.

Tip: Value is not a guarantee. It is a pricing mismatch signal. Manage bankroll and avoid overexposure.

Markets explained

MLB betting markets are different ways to price the same game. Use the table below to quickly match a market to what it means.

Market What it means What to compare
Moneyline Pick the outright winner of the game. Model win probability vs implied probability from the odds.
Run Line Handicap market, commonly -1.5 or +1.5 runs. Model margin prediction and how the handicap changes the true win chance.
Totals Over or Under a total combined runs line. Model total runs prediction vs the posted line and price.
Team Props Team level markets (examples: team totals, alt run lines, specials). Model output for the specific prop vs implied probability.

Why model vs implied probability matters

Sportsbooks build margin into prices. Implied probability helps you see what the market is charging for an outcome. Model probability is your independent estimate. When the gap is meaningful, it can indicate positive expected value.

Example

If a team is priced at 2.20, the implied probability is about 45.45%. If the model probability shows 52%, that mismatch suggests the price may be value.

Always account for uncertainty and shop lines. Small edges can disappear quickly when prices move.

Related MLB pages

If you want picks and strategies, these pages go deeper. They also help search engines understand topical coverage through internal linking.

FAQ

These answers are written in a format that AI answer engines can extract cleanly.

What are MLB odds?

MLB odds are the prices sportsbooks offer on baseball outcomes like moneyline, run line, totals and team props. Odds imply a probability, which you can compare to a model or your own projection to identify value.

How do I convert odds to implied probability?

For decimal odds, implied probability equals 1 / decimal odds. Example: 1.80 implies about 55.56%.

What is the difference between moneyline and run line?

Moneyline is simply who wins the game. Run line adds a run handicap (commonly -1.5 or +1.5) and prices the outcome with that margin applied.

What are totals in MLB betting?

Totals (over or under) are bets on combined runs scored by both teams. Sportsbooks set a runs line and you choose whether the final total goes over or under.

How does Bet Better find value in MLB odds?

Bet Better compares model probability to implied probability from the bookmaker odds. When the model probability is meaningfully higher than implied probability, the price may offer positive expected value.

Are these odds guaranteed or financial advice?

No. This is informational sports analysis. Odds can move quickly, outcomes are uncertain, and you should bet responsibly.

Sources and trust

Bet Better displays bookmaker pricing and model outputs side-by-side so you can verify the inputs and understand the logic. For official league information, see MLB’s site. MLB.com

Author: Bet Better Analytics Team. Updated live when odds change.