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MLS Betting Odds: Check out Major League Soccer Odds for May

Last Updated on 05/24/2024
Fact checked by: Josh Miller

Everything that you need to know about MLS odds and how they work is contained within this article. From how the odds work to the best soccer sportsbooks in Canada – it’s all been covered by our experts below.

Above all, the most important thing is to shop around for the best value odds, so having more than one sportsbook account is advantageous. Additionally, it’s also vital to understand the markets, how the odds are set and how they can change in the run up to, and during the games.

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Compare MLS odds at these fine Ontario sportsbooks in 2024

DraftKings
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NEO.bet
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0 – 3 Days
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Betway
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4.5/5
  • 30+ betting markets
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0 – 3 Days
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SBC – Esports Operator of the Year (2022)
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Bet365
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4.5/5
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BetMGM
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4.5/5
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  • Competitive odds
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0 – 3 Days
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GGA – Digital Operator of the Year (2023)
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PointsBet
6.
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4.5/5
  • Generous betting odds
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  • Huge range of betting markets
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1 – 5 Days
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BetRivers.com
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4.5/5
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0 – 3 Days
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Sports Interaction
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4.5/5
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2 – 5 Days
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Bwin
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4.4/5
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Neteller
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888
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1 – 7 Days
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EGR – Operator of the year (2021)
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PartyCasino
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1 – 5 Days
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LeoVegas
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Pinnacle
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Webmoney
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NorthStar Bets
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Interac
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Betano
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Caesars
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Tonybet
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FanDuel
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Rivalry
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Astropay
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Conquestador
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Payz
MuchBetter
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PowerPlay
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Bet99
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MLS betting odds – The best Ontario sportsbooks

First of all, here is a look at the best Ontario online sportsbooks where you can find MLS betting markets and odds today:

Rank Sportsbook MLS betting features Min deposit
#1 Pointsbet MLS lightning bet markets
100+ odds for every MLS game
Quick cashout
$5
#2 BetMGM Best MLS betting interface
Top-tier betting app
Official MLS partner
$10
#3 Bet365 Most competitive MLS odds
MLS live streaming
Multi-sport parlays
$10
#4 BetRivers.com MLS same game parlays
Stats and MLS team records
Beginner-friendly display
$10
#5 Betway MLS parlay builder
Live betting tracker
Trusted international soccer betting brands
$10

1. Pointsbet – 100+ MLS odds markets every game

If you are looking for the biggest and most diverse selection of odds and markets in Ontario for the MLS, then Pointsbet is your best option. For the majority of games, you will find odds for more than 100 different wagers, covering everything from straight win bets to game/player props, total goals and more.

MLS lightening bets

The most unique bets that Pointsbet has in relation to the MLS are the “lightning bets”. These are micro-betting live markets that give you odds for props to happen in smaller increments of the game. For example, you can see how many corners there will be in the next five minutes, or if a player will get carded in the next minute.

PointsBet
4.5/5
PointsBet Sports
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PointsBet Highlights
  • Generous betting odds
  • Live betting and streaming
  • Huge range of betting markets

2. BetMGM – Official MLS betting partner and the best for mobile betting

As well as being an official betting partner of the MLS, BetMGM also has an excellent app that makes MLS betting online easy for mobile players. To find the odds, you just need to click on the soccer ball icon and select MLS from the league buttons that will now be presented along the top of your mobile screen.

The odds themselves are very competitive and you have a decent range of markets. What’s more, you can easily customize and filter the screen to show you the betting markets that matter to you the most for each MLS game. Additionally, BetMGM is also the number one app for most North American sports leagues. For example, you can check out the MLB betting odds to win the World Series at any point throughout the season.

BetMGM
4.5/5
BetMGM Sports
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Go to BetMGM
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BetMGM Highlights
  • Huge range of betting markets
  • Competitive odds
  • Awesome mobile app

3. Bet365 – The most competitive MLS betting odds

Bet365 consistently offers the most valuable betting odds for soccer in general, including the MLS. On top of that, it is also one of only a few Ontario sportsbooks to offer live streaming for account holders who have an active wager on an MLS game.

You can combine your MLS bets with other sports using the multi-sport combo bet builder, making it ideal for those of you with other sporting interests. Moreover, Bet365, as you may know, is one of the biggest and most trusted international betting brands – so you know you’re in good hands.

Bet365
4.5/5
Bet365 Sports
Bet now
Bet365 Highlights
  • Bet on all the biggest CA sporting events
  • Live betting & streaming options
  • 24/7 customer support available
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4. BetRivers.com – MLS same game parlays

If you prefer to keep your parlays within the same game, rather than diversify to the multi-sport option with Bet365, then BetRivers.com might be the best ONT sportsbook for you. In general, this platform is ideal if you are new to betting, as the layout is very user-friendly and easy to navigate.

Additionally, there are plenty of tools to assist with your bets, including stats, recent form guide and infographics. You can also find the most popular bets each day through the “Quick Picks” feature and click on the “Tips” button on certain MLS games to get a stat relating to a specific bet type.

PointsBet
4.5/5
PointsBet Sports
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Bet now
PointsBet Highlights
  • Generous betting odds
  • Live betting and streaming
  • Huge range of betting markets

5. Betway – Good for soccer odds in general

As it has official partnerships with two EPL teams (West Ham and Tottenham Hotspur), soccer is always at the forefront of what Betway offers. The bigger soccer leagues in Europe take center stage, however, all the same odds and markets offered for these leagues are also available for the MLS.

You can also mix and match bets and odds from different MLS games by using the parlay bet builder, which is almost as good as Bet365’s. Overall, the stats and the attention to detail in the live game trackers are better than the tools you will find elsewhere.

Betway
4.5/5
Betway Sports
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Bet now
Betway Highlights
  • 30+ betting markets
  • Customizable features
  • Cash out option

How MLS betting odds work

If you are used to betting on popular North American team sports, such as football, hockey or basketball, you will find soccer odds and betting to be slightly different. For the aforementioned sports, the basic odds line will show three markets:

  1. Moneyline
  2. Spread
  3. Totals

However, MLS odds work differently largely because of the inclusion of the tie. You will therefore be given the odds for three straight outcomes of the game on the main betting line:

  1. Team A Win
  2. Draw (Tie)
  3. Team B Win

MLS winner odds – An example

Here is a practical example of how the basic odds might look for an MLS game between Toronto FC and Vancouver Whitecaps:

  • Home win: 2.60
  • Tie: 3.50
  • Away win: 2.45

In this example, The Whitecaps are the slight favourites as the away team, at odds of 2.45. A home win for Toronto is the second most favoured outcome while a tie is the least likely and has the longest odds.

Because of the inclusion of the tie and the equal salary caps in the MLS, you will often find that the odds for MLS games are more evenly weighted when compared to NHL games. As a result, the points spread tends not to be included in the standard betting line.

How to read the odds and calculate your potential payout

In the example above, we’ve used decimal odds, as this is the default format for most Canadian sportsbooks and is the easiest to work with. For example, a $100 home bet on Toronto FC at 2.60 as above works like this:

  • $100 x 2.60 = $260

While this is the most common format in Canada, American odds are becoming more popular, and are used as the default on some US branded sportsbooks in Ontario, such as BetRivers.com and Pointsbet.

There are hundreds of odds markets and betting possibilities when it comes to soccer, and due to its popularity, it is one of the most developed and sophisticated betting sports. As well as the straight win/lose/draw market, here are some popular MLS betting lines you will find odds for

  • Total goals
  • Both teams to score (BTTS)
  • Draw no bet
  • Double chance
  • First/next goalscorer
  • Handicaps
  • Correct score

MLS futures odds

In Ontario, you aren’t restricted to only betting on individual MLS games. You can also find odds for longer-term outcomes, known as “futures” betting.

Here are the two most popular MLS futures markets:

  • MLS playoff odds – Odds for teams to make the playoff are available from the start of the MLS season, and will shorten/lengthen throughout as they draw closer and teams drop out of the running.
  • MLS Cup betting odds – Like with the playoff, you can bet on the MLS Cup winner well in advance, Other markets are also available here, such as which conference will the cup winner come from.

MLS odds – The final whistle 

The most important thing is to shop around for the best possible odds for every game or futures market you are looking to wager on. The best way to do that is to play the field and register with more than one licensed and rated Ontario online sportsbook. So make use of the reviews here at TheGruelingTruth to find your ideal operator today.

Top sports betting sites in 2024

DraftKings
1.
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4.6/5
Bet now
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NEO.bet
2.
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4.6/5
Bet now
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Betway
3.
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4.5/5
Bet now
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Bet365
4.
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4.5/5
Bet now
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BetMGM
5.
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4.5/5
Bet now
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MLS betting odds FAQ

⚽ What are the best odds for the MLS

Finding the best odds is all about balance and value. Longer odds will see you get a bigger payout, but the probability of the outcome winning is so low that it is usually not worth it. On the other hand, short odds can guarantee a win but have such a low payout they are not worthwhile. You want to aim somewhere in the middle.

📍 Where to find the best MLS betting odds?

Pointsbet, Bet365 and BetMGM all have good odds for MLS games and futures markets. You can check out all of the best Ontario sportsbooks for MLS game odds here at TheGruelingTruth.com.

🇨🇦 Can you bet on the MLS in Canada?

Yes, you can be on the MLS in Canada, so long as you are located in Ontario and aged 19+. Just make sure that you register with a sportsbook that has an iGaming Ontario licnese. You can find the best iGaming Ontario licensed betting sites here at TheGruelingTruth.com.

Top Betting Sites
DraftKings
DraftKings
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4.6/5
NEO.bet
NEO.bet
NEO.bet Review
4.6/5
Betway
Betway
Betway Review
4.5/5
Bet365
Bet365
Bet365 Review
4.5/5
BetMGM
BetMGM
BetMGM Review
4.5/5
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