Before catching MLB bet tips, let's look at how easy it is to place a bet on your favorite MLB team. There are 162 games regular season games for each of the 30 Major League Baseball teams. Not to mention the wildcards, playoffs and world series. With so many games lined up, you'll never run out of betting opportunities.

Bets on your favorite MLB teams are based on money lines, the minus (-) indicates the favorite while the plus (+) indicates the underdog.

Whenever there is a minus (-), you lay that amount to win a dollar; where there is a plus (+) you get that amount for every dollar wagered.

For example, the money line reads Boston Red Sox -137 against NY Yankees +127.

This means that the Red Sox is the favorite and you'd have to bet $137 on the Red Sox. If the Red Sox wins the game, you win $100. Your original $137 bet plus the $100 winning amounts to $237 in total payout.

On the other hand, the Yankees are the underdog and you'd have to bet $100 on the Yankees. If the Yankees win the game, you win $127. Your original $100 bet plus your $127 winning amounts to a total payout of $227. It's that simple!

But hold on to your wallet (or credit card), here are MLB bet tips to consider before betting on your favorite MLB teams:

The Pitcher

Though baseball is a team game, the pitcher can be considered as the single most important defensive player on the field.

Great pitchers can takeover a game and simply shutout the opposition, that's why it's important to look into the performance of a pitcher. See how he fares against the batters of the opposing team and take a look at how he performed in his previous starts.

Also, it is wise to take a look at the bullpen and how the relievers perform. The starting pitcher may get battered early on but the relievers may come and stymie the other team.

Injuries

Injuries hurt, both for the injured player and for your wallet. Key players on your favorite team go down with injuries and your team starts losing games and you start losing bets as well.

But you can turn this adversity into an opportunity. Take a close look at the injuries of key players on other teams. See how your favorite team matches up against hobbled teams and you may get the advantage in winning your bets.

Home or Away

Generally, we can say that teams play well at home, right? Just take a look at the 2006 Yankees. They won 50 games at home! Also, the 2006 Toronto Blue Jays won 50 games at home. On the road, the Blue Jays only won 37 games.

But some teams win more while they are on the road. The 2006 San Diego Padres won 43 games at home and 45 games on the road. The Texas Rangers and Detroit Tigers also won more games on the road than at home during the 2006 season.

Taking a close look at how individual teams fare at home or on the road can spell the difference between winning and losing a bet.

And the best MLB bet tip? Always do your research before placing a bet on your favorite MLB teams. Look at how they performed in previous games and how prepared are they for the coming game.

Have a fun and profitable time while betting on your favorite MLB teams!