Sports betting is legal in Maryland, and bettors across the state are looking to get in on the action. Right now, bets can only be placed in-person, but mobile sports betting is expected to launch later this year.
The arrival of major sportsbooks including DraftKings, FanDuel, BetMGM, Caesars, and more will make betting on sports easier than ever in Maryland. Betting lines will soon be available through sports betting apps for all of the major operators.
Whether you are new to sports betting or a seasoned veteran, understanding odds and lines is a crucial aspect of sports betting. Maryland sports betting odds are set by oddsmakers at each sportsbook.
Where Can I Bet On Sports Online In Maryland?
Sports betting is now legal and operational in 21 states, and online or mobile sports betting has been approved in at least 17 states. It is expected that major sportsbook mobile apps will launch in Maryland in the second half of 2022. Expected sportsbooks include:
DraftKings Sportsbook is a leader in the sports betting space, and it already provides daily fantasy sports in Maryland. DraftKings has one of the best sign-up promotions for new sports-betting accounts. New users in Maryland can receive a free $50 bet on a deposit of $5 or more, as well as up to a $1,000 matching bonus on their first deposit.
BetMGM was the first to launch a retail sportsbook in Maryland. It is another highly recommended option for online sports betting. BetMGM Maryland offers new users a risk-free $1,000 bet on their first wager. In addition, BetMGM offers highly competitive sports betting odds online and through its app.
FanDuel is another top option for betting on sports online. Licensed in 12 states, FanDuel offers a $1,000 no sweat first bet for new users. The FanDuel Maryland app provides a superior user experience whether you’re an iOS or Android user.
Types Of Sports Bets
There are seemingly endless ways to bet on sporting events, but for most major leagues, the most common bet types are moneyline, point spreads, and totals. Moneyline bets involve only outright wins without regard to points. Point spread betting includes a number of points you’re either getting or laying with the bet. Totals include the combined number of points, goals, or runs scored by each team in the game.
In addition, parlays are another popular wager. Parlays include multiple bets (or legs) for two or more outcomes. All legs must hit to cash a parlay ticket. Gambling odds are also offered for futures bets, which are decided by an outcome in the future, like the winner of the Super Bowl or World Series.
Moneyline Bets, Spread Bets, And Total Bets
Let’s look at a real-world example of a standard betting line. In this example, we are using last year’s NFL Week 15 matchup between the Baltimore Ravens and Green Bay Packers. The chart below shows the pre-game odds that were listed on Caesars Sportsbook before the game on Dec. 19, 2021.
|Green Bay||-400||-9 (-110)||O 45 (-110)|
|Baltimore||+310||+9 (-110)||U 45 (-110)|
When betting on the moneyline, you are betting on who you think will win the game. In this scenario, the Packers are -400 on the moneyline, while the Ravens are +310. This means that the Packers are a huge favorite. A $100 bet on the Ravens would win $310, while you would need to wager $400 on the Packers in order to win $100 if they win. There are no added points involved with moneyline bets; you just need the team you bet on to win the game in order to receive a payout.
If you don’t feel confident in the Ravens winning the game outright, you could play Baltimore on the spread and get nine points (+9) added to their score. In this scenario, you’d need to bet $110 to win $100. This means that you would need the Ravens to either win the game or lose by 9 points or less in order to cover the spread and make your bet a winner.
When it comes to the total of 45, both teams would need to combine for at least 46 points for the over to hit. Anything below 45 points would allow the under to cash.
Which moneyline, spread, and total bets won? Green Bay defeated Baltimore in a thrilling 31-30 game. So, the OVER was the correct play on the total as 61 total points were scored. The Ravens did cover the spread at +9, and Green Bay bettors won on the moneyline.
Parlay betting involves betting on multiple outcomes. If you correctly predict all of the outcomes, there can be a significant payout, but these bets are inherently tougher to cash. Let’s stay with the Packers-Ravens game above for our example. A $100 parlay bet on the Ravens +9 and OVER 45 points would have returned $260 at 2.6-1 odds. The sliding scale of odds increases with each added bet at -110. Thus, a three-team parlay would payout at 6-1 odds and a four-team parlay would cash out at 11-1 odds.
Free parlay calculators are available online. These are valuable tools as they help you calculate your parlay odds, implied probability of winning, and potential payout. In addition, sportsbooks display the odds and potential winnings of parlays, so you are able to see each scenario before locking in your parlay.
Proposition bets, better known as prop bets, are very common in NFL, NBA, MLB, and NHL games. As a general rule, prop bets aren’t tied to the outcome of a game. In the NFL, popular prop bets include QB passing yards, QB passing touchdowns, RB rushing yards, and WR receiving yards.
Prop bets especially enter the national discussion every year around the Super Bowl. Sportsbooks often offer a long list of prop bets for the NFL biggest game, which gives bettors seemingly endless ways to bet on the big game. For example, you can bet on the coin toss, length of the national anthem prior to the actual game, as well as the color of the Gatorade that will be dumped on the winning head coach.
Let’s consider an actual prop during the 2021-22 NFL season involving Green Bay QB Aaron Rodgers in the game referenced above against Baltimore. Note: Ravens QB Lamar Jackson did not play due to injury.
The prop bet offered by Caesars Sportsbook involved the number of TDs Rodgers would throw for against the Ravens: over 2.5 (+155).
If you believed Rodgers would pass for at least three TDs, a $100 wager would bring back $155 on this prop bet. That did, in fact, happen as Rodgers had three passing scores.
In addition to prop bets based on the performance of individual players, it’s also possible to place prop bets on teams. For example, prop bets are available on the Ravens or their opponent to be the first to score 14, 21, or 28 points in an NFL game. You can also bet on a team to stay under or go over their listed total of points.
Live “In-Game” Betting
Live betting has become an extremely popular sports-betting option. These types of wagers are made when the game is already in progress. The betting odds can fluctuate greatly over the course of a game.
Let’s use a hypothetical NFL game involving the Ravens and the Washington Commanders to illustrate how in-game betting works.
Let’s say the Ravens enter the game as a 3-point (-3) favorite at standard odds of -110. This means you could bet $110 on either team to win $100 if they cover the spread.
At halftime, let’s say that Washington leads Baltimore by a score of 14-10. The odds could now be shifted. In-game odds at this point could look something like the Ravens being 5-point (+5) underdogs standard odds of -125 and Washington being a 4.5-point (-4.5) favorite at standard odds of +130.
Washington began the game as 3-point (+3) underdogs at standard odds of -110, and while it’s winning by four points at the half, the sportsbook is now giving the favored Ravens five points on the adjusted line. If the score remains the same, the Ravens will lose the game but cover against the spread. You’ll need to risk $125 to win $100 on the Ravens at halftime.
This is a basic example of in-game wagering. Sportsbooks also offer live betting on the total of points scored by each team, a combined total of points by both teams, total TDs scored by each team, and total TDs by both teams. Remember that these numbers remain fluid based on how the game plays out, but you lock in your odds at the time your live bet is placed. We recommend treading lightly when starting out with live in-game betting in order to get a feel for how it works.
How Sports Betting Odds Work
Oddsmakers at each respective sportsbook are responsible for creating the sports betting odds. They do so with the goal of attracting equal money on both sides of a bet to avoid liability on the game.
It’s important to note that betting odds can vary at different sportsbooks. Once mobile sports betting is up and running in Maryland, major operators such as DraftKings, FanDuel, and BetMGM will have individual betting markets based on bets by their patrons. It pays to shop around for the best value on any sports wager, so we recommend downloading multiple sportsbook platforms. This way, you can easily shop around for the best odds. That is also true in the case of sign-up promotions and bonuses for new accounts.
Different sports offer different options for betting, so it’s important to understand the nuances of each respective sport. Women’s soccer fans can take a look at our guide to the NWSL. Below, we’ll take a look at the four biggest professional sports leagues in the United States: NFL, MLB, NBA, and NHL.
Maryland Football Betting
Football is an extremely popular sport to bet on in the US, and Maryland sportsbooks are sure to offer wide betting markets on both college football and NFL games.
The NFL is the modern-day leviathan when it comes to sports betting, as it attracts more eyeballs and money than any other league. One of the most important factors in betting NFL games is staying current with news such as injuries, trades, and matchups.
The Super Bowl is the king of all sports betting events. In advance of the Big Game, and all throughout the season, betting on the eventual Super Bowl winner is an extremely popular bet in the futures market.
These futures odds are dynamic as they fluctuate based on the performance of each team throughout the season. Let’s take a look at the top five favorites to win Super Bowl LVII, along with the Baltimore Ravens as a point of comparison.
Super Bowl LVII Winner
|Tampa Bay Buccaneers||+700|
|Kansas City Chiefs||+1000|
|Green Bay Packers||+1000|
|Los Angeles Rams||+1100|
(Odds current as of July 20, 2022, at DraftKings)
There are Super Bowl bets available for all 32 NFL teams during the season before teams are eliminated from playoff contention. As of July 20, the Ravens are +2200 to win it all. This means that if you put $100 on Baltimore to win the Super Bowl right now, you’d cash a $2,200 winning ticket (and get your initial $100 back) if the Ravens go on to win Super Bowl LVII.
Maryland Baseball Betting
Along with football, baseball is a popular sport to bet on in US markets. Major League Baseball’s 162-game regular season spans from April to October. The playoffs then begin and conclude with the World Series in late October. The 2022 season is underway, and Maryland bettors can get in on the action by placing MLB bets in person.
Starting pitchers are the biggest factor in game odds for Major League Baseball. When betting on baseball, be sure to examine them along with a team’s offensive production against left or right-handed pitchers. A popular prop bet involves the Over/Under on the number of strikeouts a starting pitcher will have in the game. You can also wager on the total number of hits a pitcher will yield in a game. Similar to first-half bets in the NFL, you can bet the spread, moneyline, or total for the first five innings of any MLB game.
Along with MLB betting odds, many sportsbooks also offer odds for individual college baseball games, as well as the College World Series.
Maryland Basketball Betting
College basketball has a strong hold on the US betting market, and it is sure to be popular in Maryland. The Maryland Terrapins play in the Big Ten Conference, and the program has a rich tradition.
Along with college basketball, Maryland bettors will also be able to place bets on NBA games involving the Washington Wizards or any other team. One betting tip for the NBA involves finding teams playing back-to-back games on consecutive nights during the regular season. The grind of an 82-game season can take its toll particularly late in the season.
Betting on the NBA Finals is a popular option, as well. Oddsmakers closely follow the action on the court (and at the sportsbooks) to set opening odds for each game of the NBA Finals. The goal is always to post an opening line that will draw equal action on each side of the bet. The sportsbook will then adjust the line accordingly, as the betting public wagers, to try and balance both sides of the ledger.
The lines for NBA games operate in a similar way to the NFL.
Maryland Hockey Betting
The National Hockey League also plays an 82-game regular season spanning from October to May. In the NHL, starting goaltenders can be a critical factor in the calculation of game odds. Futures odds are also available for the Stanley Cup.
One popular option for betting on NHL games involves prop bets on individual players. While Maryland doesn’t have an NHL team, the Washington Capitals play just down the Beltway in Washington D.C.
Popular prop bets for NHL games include: anytime goal scorer, player shots on goal, and player points. Much like odds for NFL and MLB games, these odds can vary from sportsbook to sportsbook. Betting NHL player prop bets is a great way to enhance your game-watching experience.
How Does Betting On Individual Sports Compare To Team Sports?
Sports such as golf can attract significant betting volume, especially for major events throughout the year. The PGA Tour has a wrap-around schedule meaning its season starts in one year and then concludes the next year. Major tournaments include The Masters, PGA Championship, US Open, and the Open Championship. You can bet on individual players to win a tournament, finish in the top five, top 10, or top 20. For major events, you can also bet on the top American and European finishers and more. There are also head-to-head bets between individual players during each round of the tournament.
Sports Betting Odds Calculators
We mentioned the parlay calculator above, but there are a variety of options out there for different sports betting odds, including a full suite of calculators. There are moneyline calculators, spread calculators, futures calculators, and more to explore.
In addition, most notable sportsbooks will display your potential winnings before you lock in your bet(s). Be sure to take a look at your potential winnings before placing your wagers.
What Affects Sports Betting Odds Throughout A Season?
Sports betting odds can be affected by many things including injuries, trades, coaching changes, and weather. Oddsmakers at sportsbooks such as DraftKings, FanDuel, and BetRivers are responsible for monitoring news developments on a daily basis and adjusting the odds accordingly.
Sports Betting Odds in Maryland FAQs
No matter the sport, sportsbooks offer seemingly endless ways to bet on sports. The most common betting lines consist of the point spread, moneyline, and total for each game. These are the most basic wagering options in the sports betting industry. Other types of betting lines include player props, game props, parlays, and same game parlays.
For now, sports betting odds in Maryland are only available at retail locations such as BetMGM at MGM National Harbor in Baltimore. As of July, the hope is that mobile betting is up and running in Maryland in the second-half of 2022. The easiest way to be ready for mobile launch is to download the sports betting apps from DraftKings, FanDuel, or BetMGM to your mobile device. These top-flight apps will make finding odds and betting in Maryland easier than ever before. Also, be sure to stay tuned here at Maryland Sharp for the latest developments regarding Maryland’s mobile betting launch.
This really depends on the game and betting markets available. When mobile sports betting apps become available in Maryland, we recommend having accounts at multiple sportsbooks including DraftKings, FanDuel, and BetMGM. This will allow you to shop around at different platforms for the best odds available on the game in question. That way, you can be sure you are getting the best potential payout available.
Nowadays the internet is riddled with free betting picks for all sorts of sporting events. To find them, you can simply do a Google search for the game or games you’re interested in betting on. There are myriad websites that offer free picks for NFL, NBA, NHL, MLB, college football, and college basketball.
Technology allows oddsmakers to post live betting odds while a game is in progress. Also known as in-game betting odds, live betting odds are adjusted on a real-time basis as a game unfolds. This allows bettors to place bets even after the game has started. So if you happen to miss kick off or first pitch, there is no need to worry!
Vegas odds are available at all major sportsbooks including DraftKings, FanDuel, BetMGM, and more. Once mobile sports betting is in place in Maryland, these will be trusted options for finding the most competitive Vegas odds for all sports.
Yes. For example, in the NFL, bettors can place wagers on the NFL Draft and where a free agent will sign. In addition, during the Super Bowl, you can bet on events that aren’t related to the game’s actual competition. Examples of this can be found on bets on the coin toss or how long the national anthem will take to complete.