The present invention relates to a venting baby bottle that includes an outer container, and an inner container, adapted to fit within the outer container, wherein the inner container has a base, a tapered neck, and a vent tube projecting upwardly into the inner container. The baby bottle of the present invention also includes a gasket having a gasket base adapted to fit the neck of the inner container, one or more gasket channels, and a lip. A reservoir is defined between the neck of the inner container and the wall of the outer container. The venting baby bottle of the present invention has an air passage, when inverted and filled with liquid, from a point outside the baby bottle to a point inside the inner container.
