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MLB Baseball Betting Odds: The New York Yankees were established in 1901 and have been based in the Bronx of New York City since 1903. Originally founded as one of the charter members of the American League, the Yankees first played in Baltimore and were called the Orioles. After moving to the Big Apple, they changed the team name to the New York Highlanders. The franchise officially became the “Yankees” in 1913.
A variety of nicknames have been doled out over history including the Bronx Bombers, the Yanks and the Pinstripers.
The Yankees played in Yankee Stadium from 1923 to 2008. This was one of the world’s most iconic venues until it was demolished in 2009. That year, New York moved into a state-of-the-art stadium also called Yankee Stadium.
With 43 players and 11 managers enshrined into the Baseball Hall of Fame at Cooperstown, the Yankees have the most of any team. Players such as Whitey Ford, Lou Gehrig, Goose Gossage, Reggie Jackson, Mickey Mantle, Phil Rizzuto, Joe DiMaggio, Babe Ruth and Yogi Berra line the hallowed hall.
With such celebrated players, it’s no surprise the Yankees are the L.A. Lakers of baseball. They have won a record 27 World Series titles and 40 league pennants. New York also has 16 AL East Division crowns and four Wild Card berths.
In 1927, the Yankees won the World Series with the notorious lineup known as "Murderers' Row.” This squad, which featured Earle Combs, Mark Koenig, Ruth, Gehrig, Bob Meusel and Tony Lazzeri as the first six hitters, is considered one of the best in baseball history. They won 110 games that season and swept the Pirates in the series.
They also busted out the brooms during the 1932 Fall Classic versus the Cubs. This series marked Ruth’s famous “Called Shot” where he pointed to the bleachers at Wrigley Field and then blasted a home run.
The year of 1939 was a memorable one in Yankees lore as well. Gehrig was forced to retire because of Amyotrophic Lateral Sclerosis (ALS) and made the tear-jerking speech where he claimed to be "the luckiest man on the face of the earth." He died two years later.
World War II was on the minds and hearts of all Americans in 1941 but that didn’t cease baseball operations. That year, all eyes were on Boston’s Ted Williams as he chased .400 and DiMaggio’s consecutive hit streak. DiMaggio hit safely in 56 games in a row, which still stands as the current MLB record and will likely never be broken.
The "M&M Boys" carried the Bombers throughout the early 1960s. Roger Maris and Mantle slugged homer after homer while leading New York to two consecutive world championships. In 1961, Maris broke Ruth’s single-season record set in 1927 with 61 home runs. This is still considered by many baseball purists as the record because they don’t recognize marks established during the Steroid Era.
On January 3, 1973, George Steinbrenner bought the Yankees from CBS for $8.7 million. Today, they are worth more than $1.5 billion.
The Yanks have fans disbursed throughout the country, and world. The diehard Pinstripers flood into road stadiums to support their team and often outnumber the home fan base. There is a section at Yankee Stadium called the "Bleacher Creatures" and they perform the gameday roll call where each member of the team must acknowledge them or they continue to chant their name.
But the love of the Yanks subsided during the 2000s. Without a salary cap in place, Steinbrenner spent lavishly on sought after free agents to stack the team. New York became known as the “Evil Empire” and baseball fans have set boundaries with no grey area – you either love or hate the Yankees.
Baseball Betting - How to bet on the New York Yankees
Money Line Betting
In a money line bet, the player is only concerned with which team will win the game. There is no run total, but a favorite and underdog is still selected by the sportsbooks and determined by different odds.
A tipical baseball betting line would look like this:
- New York Yankees -130
- Atlanta Braves +120
In this example, the New York Yankees are favorite to win over the Braves. The numbers provided are the odds that each team is given to win.
A $100 bet on the Braves would win $120. But a bet on the favorites, as they are more likely to win the game, would pay $100 for every $130 wagered.
Run Line Betting
The run line in baseball betting is the equivalent to a point spread in other sports. The run line is usually set at –1.5 or +1.5.
The tipical baseball run line would look something like this:
- New York Yankees -1.5 ( +110)
- Atlanta Braves +1.5 (-130)
In this example, the New York Yankees are a 1.5-point favorite, while the Braves are considered a 1.5-point underdog. The number signifies how much is to be added or subtracted from that teams’ run total at the conclusion of the game. In the example, 1.5 is to be subtracted from the New York Yankees' final score, while 1.5 will be added to the Braves’ final score. The numbers next to each run total are the odds the bettor will receive on a winning bet.
A bet on the New York Yankees means the team has to win the game by at least 2 runs. If the bet is placed on the Braves, the team can loose the game by one run ant the bet would still win.
Total (Over/Under) Betting
A bettor can make a single wager on whether or not the combined run total for the game will be over or under set ammount, which is determined by the sportsbook before the game.
this would be a tipical over/Under betting line:
- New York Yankees / Atlanta Braves O6½ -105
- New York Yankees / Atlanta Braves U6½ -115
The numbers next to each total are the odds the bettor will receive on a winning bet.
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