mapStateToProps receives the state and props and allows you to extract props from the state to pass to the component.
mapDispatchToProps receives dispatch and props and is meant for you to bind action creators to dispatch so when you execute the resulting function the action gets dispatched.
I find this only saves you from having to do dispatch(actionCreator()) within your component thus making it a bit easier to read.
https://github.com/reactjs/react-redux/blob/master/docs/api.md#arguments