Major League Baseball began its 2022 season just days before Ontario expanded its online sports betting market with various commercial operators. Ontarians no longer have to settle for gray market operators or a single legal option in the lottery-run sportsbook. Companies such as theScore Bet, BetMGM, and PointsBet are now up and running, offering odds on all the action.
The 3 Best Sportsbooks For MLB Bets In Ontario
- Read about DraftKings Sportsbook Ontario, our top choice
- Learn more about BetMGM Sportsbook
- Get more information on Caesars Ontario
It’s worth noting that the provincial online books offer odds on MLB games. With the coming influx of major US sportsbooks and apps mentioned above, however, baseball bettors should research several books to find the best odds and promotions for new customers. The US-based sportsbooks offer markedly better sign-up bonuses for new accounts.
Best Odds Available For World Series, To Reach Playoffs, And Most Home Runs
How MLB Vegas Odds Are Calculated At Canada Sportsbooks
Oddsmakers and sportsbook directors are responsible for creating the betting lines on MLB games. Oddsmakers create opening lines with the aim of attracting even money on both teams. Let’s use the following example from Game 6 of the 2021 World Series, which ended up being the final game of the season.
|Atlanta Braves||+1.5 (-188)||+110||Over 8.5 (-118)|
|Houston Astros||-1.5 (+155)||-133||Under 8.5 (+100)|
The Astros were favored heading into Game 6 at -133 on the moneyline, meaning you’d have to bet $133 on them to win $100. Conversely, a $100 moneyline bet on the Braves would bring back $110 on the underdog.
With the spread, the Braves were offered at +1.5 runs at $188 to win $100. The Astros were -1.5 runs at +155, meaning a $100 bet on them to win by two runs would pay out $155.
The total or combined runs scored by both teams for this game was posted at 8.5. It’s juiced to the OVER at -118 and UNDER players would get even money on a game that featured less than 8.5 runs.
So, what happened? If you’re an avid MLB fan, you probably know that Atlanta beat the Astros 7-0 to win the 2021 World Series Championship in six games. Bettors on the Braves cashed their tickets on both moneyline and spread bets, and the game finished UNDER the total at seven runs.
The betting odds for MLB games largely hinge on starting pitchers. They are typically the biggest factor to consider for oddsmakers. It’s important to research how a team performs against left- and right-handed pitchers before you make a bet. Also, it’s wise to consider recent games and performances against the starting pitcher in question.
MLB Futures Odds Available In Canada
The best example of an MLB futures bet appeared above when we listed the favorite to win the 2022 World Series at DraftKings, FanDuel, and Bet Rivers. The Los Angeles Dodgers are the favorite at all three sportsbooks with odds ranging from +450 to +500. You’re betting on the outcome of an event that will take place in the future.
In this example, let’s say you think the Dodgers will in fact win the World Series next year. You would take the best odds of +500 offered at BetMGM or PointsBet and wager accordingly. A $100 bet would net you $500 and you’d receive your initial $100 stake back if the Dodgers win it all next year.
Let’s assume that many of you reading this are fans of the Toronto Blue Jays. The Blue Jays are the only MLB team based in Canada. What could you win by betting on Toronto to win the 2022 World Series? Nearing the start of the season, Toronto’s best odds are currently set at .
What Other Types Of Bets Can Be Made On MLB Games In Canada?
We’ve covered the most basic MLB bets above involving the moneyline, spread, and total for each game. Here’s a look at parlay bets and prop bets for MLB.
Let’s now discuss parlay bets and how they work in baseball. Simply put, a parlay bet involves the outcome of at least two different games in a single bet. Hypothetically, let’s say the Blue Jays and Yankees stand out as clear winners to you on a given day. They’re playing the Twins and Red Sox, respectively.
Both teams are also playing in games that feature the standard -110 odds for the spread. Essentially, this means you have to bet $11 to win $10. With a two-team parlay bet on the Blue Jays and Yankees, you could wager that same $11 to win $28.60 at 2.6-1 odds.
The odds (and payouts) on parlay bets increase with the number of games involved. A successful three-team parlay involving standard -110 odds for all three games would pay off at 6-1. A four-team parlay checks in at 11-1.
It’s vital to understand that every leg (or pick) included in your parlay has to be correct in order to win the bet. You have a realistic chance of cashing tickets on parlays in the 2-, 3- or 4-team scenarios. But playing a 10-team parlay to try and score big isn’t prudent.
There are free tools online to help you calculate odds for parlays and implied winning percentages. Take advantage of them when you’re making these types of bets on Major League Baseball.
Player Prop Bets
Proposition (or prop) bets can take many forms when it comes to baseball. How many strikeouts will your starting pitcher have in tonight’s game? How many hits will he give up before leaving the game?
There are also futures bets to consider for players. Here’s an example of futures bets currently available for Toronto Blue Jays player Bo Bichette:
Team Prop Bets
The first example above involves the performance of an individual player, but you can also bet on the outcomes for teams in the prop market.
Which team will score first in the game? Which team will be the first to score 4 runs? How many runs will the Astros score? How many runs will the Braves score?
These are all good examples of team props in the MLB marketplace.
Live “In-Game” Wagering On MLB In Canada
Did you know that it’s possible to place live bets when an MLB game is already in progress? In-game wagering has become a popular option among baseball bettors. Major sportsbooks such as DraftKings, FanDuel, and others post live odds on a real-time basis as the game moves along.
The odds on the spread, total, and moneyline can fluctuate wildly during a 9-inning game. So, don’t feel bad if you failed to get your bet down on the Blue Jays before the first pitch at 1 p.m. Pick up the game in progress and watch how it unfolds. Is it shaping up to be a low- or high-scoring affair?
Remember that oddsmakers at the respective sportsbooks will be following the action closely and adjusting lines accordingly. This type of sports betting can be intense with markets quickly appearing and then disappearing in the blink of an eye based on the live bets coming in.
If you’re new to betting on Major League Baseball, give it some time before you decide to get involved in live wagering. Just know that it’s an available option for you down the line.
How To Bet On MLB In Canada
Let’s examine the easiest path for MLB bettors to start betting on baseball games in Canada. First, legal online betting is only available in Ontario. Bettors must be within province lines to use these apps to place wagers on MLB activity. The next step involves downloading a sports betting app on your mobile device.
We’ll use BetMGM, which is a great overall sportsbook platform, as our example here. Read our review and claim the new user offer. That will lead to registering for an account and downloading the app. You must provide personal information such as your age, email address, physical address, and password.
The options at BetMGM may include a credit/debit card, personal bank account or PayPal. Once your deposit is confirmed, navigate on the app until you reach the page for MLB games and odds. You are now ready to start betting on some baseball.
MLB Odds FAQs
Oddsmakers at each sportsbook are tasked with creating the Vegas betting odds for MLB. They post an opening line that is designed to bring in equal action on both sides of the bet. This will prevent the book from having any liability for a particular game. Vegas betting odds for baseball are largely influenced by the starting pitchers for each game.
Yes, both DraftKings Sportsbook and FanDuel Sportsbook are now available in Ontario. FanDuel launched at the beginning of the market expanding in the province. DraftKings received licensure and a contract agreement with multiple government agencies over a month later. Both platforms are famous for their daily fantasy sports offerings, but those are not available in Ontario.
Yes. In July 2021, DraftKings announced an extension of its partnership with MLB that included sports betting. DraftKings became a co-exclusive Official Sports Betting Partner of Major League Baseball, along with Bet MGM.
This depends on the game in question. MLB bettors need to research available betting odds at multiple sportsbooks to find the best number for spread, moneyline, and total bets. It pays to shop around for the best number (and value) on any MLB bet that you will make.
Yes. DraftKings offers a variety of betting odds and options for MLB beginning with spread, moneyline, and total bets for each game. It also has futures betting markets available for the World Series, American League Championship Series, National League Championship Series, and much more.