MLB caps some prop bets at $200 after Guardians players indicted for rigging

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MLB caps some prop bets at $200 after Guardians players indicted for rigging

MLB and sportsbooks will cap pitch-level bets at $200 and ban parlays after two Cleveland Guardians pitchers were indicted for allegedly rigging pitches.

www.scrippsnews.com

Major League Baseball said its authorized gaming operators will cap bets on individual pitches at $200 and exclude them from parlays, a day after two Cleveland Guardians players were indicted and accused of rigging pitches at the behest of gamblers.

MLB said Monday the limits were agreed to by sportsbook operators representing more than 98% of the U.S. betting market. The league said in a statement that pitch-level bets on outcomes of pitch velocity and of balls and strikes “present heightened integrity risks because they focus on one-off events that can be determined by a single player and can be inconsequential to the outcome of the game.”

“The risk on these pitch-level markets will be significantly mitigated by this new action targeted at the incentive to engage in misconduct,” the league said. “The creation of a strict bet limit on this type of bet, and the ban on parlaying them, reduces the payout for these markets and the ability to circumvent the new limit.”

MLB said the agreement included Bally’s, Bet365, BetMGM, Bet99, Betr, Caesars, Circa, DraftKings, 888, FanDuel, Gamewise, Hard Rock Bet, Intralot, Jack Entertainment, Mojo, Northstar Gaming, Oaklawn, Penn, Pointsbet, Potawatomi, Rush Street and Underdog.