Chad Millman of ESPN The Magazine certainly thinks so, which is why he came up with this idea:

I hereby propose bookmakers adopt what I call the RHiD line, pronounced rid, which considers runs, hits and defense to create a point spread.

First, we need a new system to create power ratings for each team. In football the difference between two teams’ power ratings is the baseline for creating a point spread. I’m suggesting bookmakers build an MLB version based on this formula: Per-game average of a team’s runs and hits minus the hits and runs it allows. The number created is now big enough to build a spread.

As in football, though, that would be just a starting point for bookmakers. This is where their handicapping comes into play, as they adjust the spread for factors such as starting pitcher, location, injuries, slumps, bullpen strength, etc.

And how do you bet on it? Well, you’re looking at the difference in the total number of runs and hits accrued in the game.

His argument is that the +240 and the -285 that we see next to MLB team names is too confusing for squares, so adopting some sort of a point spread like football would increase interest. (Instead of seeing Yankees -275, we might see Yankees -8.5.) He also believes that awarding points for hits would keep bettors interested into the later innings. The game might be lost, but that doesn’t mean that the trailing team can’t rally to cover the spread.

What do you think?

If you were hoping to put a little cash on your favorite MLB team this winter in the wake of them signing a big name free agent, you’re out of luck. The largest oddsmaker in the world – Las Vegas Sports Consultants (LVSC) – is halting/suspending/limiting all action on futures (i.e. the team’s odds to win a pennant or World Series) until after baseball’s winter meetings.

After an inquiry from the Herald, Las Vegas Sports Consultants (LVSC) decided to issue an alert at 4:05 p.m. EST to sportsbooks at casinos in Nevada and around the world that the potential for insider information arising from the meetings posed too much of a threat for gaining an unfair advantage.

“Major League Baseball’s annual meetings are under way here in Las Vegas through Thursday afternoon,” the alert stated. “LVSC is recommending to lower limits on futures or take them completely off boards during the meetings. News of trades or free agent signings will be known prior to being made public.”

Shortly after the alert was issued, the sportsbook at the Bellagio, where the meetings are being held, took action. Currently, the sportsbook is taking bets on the odds of a team winning the World Series and either the AL or NL pennant. This morning, a bet of up to $500 could be made. After the alert, any bet of $100 or more needed to be investigated before it was allowed.

This is a pretty smart move. Vegas doesn’t want anyone to have an unfair advantage with information coming out of the meetings and onto the strip, and they also don’t want any bad press with a major sport hosting a major event right in their backyard. Some gamblers might not like it because the ones staying on the strip in hopes of getting inside information (or what they believe to be inside information) are looking for every advantage they can get against the sports books. But Vegas is smart for playing this one safe.