Sports Betting Over Under Explained
Posted : admin On 7/19/2022- Vegas Odds Explained
- How To Read Over Under Odds
- Nfl Betting Lines Explained
- Over Under Odds Explained
- Sports Betting Over Under Rules
If you hear the phrase 'over/under' being talked about during a sports betting discussion, it is referring to the options available when betting on the total of a specific game. The betting line on the total number of points or goals scored in a sporting event, with action taken on whether there will be more (the over) or fewer (the under) points or goals.
An over–under or over/under (O/U) bet is a wager in which a sportsbook will predict a number for a statistic in a given game[1] (usually the combined score of the two teams), and bettors wager that the actual number in the game will be either higher or lower than that number.[2][3] For example, in Super Bowl XXXIX, most Las Vegascasinos set the over–under for the score of the game at 46.0. A bettor could wager that the combined score of the two teams would be either more than or less than that number. Since the combined score of that game was 45, anyone who had bet on 'under' won.
- SportsBetting's Sportsbook - Lots Of Betting Odds When Betting The Over / Under. Here is where betting odds on the over/under are just in favor of all players with an account with SportsBetting. This sportsbook is here for the players so that means that the odds that you will find are there for players to want to wager on. The better the over/under is, the more players will continue to sign up for Sportsbetting.ag accounts.
- For example, you could bet on the over/under total points score in a basketball game. The bet might be over/under 165. If the total number of points scored by BOTH teams is over 165, the over bet wins. If the total is under 165, the under wins. Usually, the points will be in half points to prevent ties (Over/Under 165.5).
- Over / Under Betting Explained Everyone wants to win betting on sports, but most don’t. That’s how sportsbooks rake in the dough. However, by effectively betting football totals, you can beat the house.
Initial and final value[edit]
The goal of a sportsbook is to have an equal value of bets on both sides of the over–under. In theory, this means that the manager could set the value at zero and then re-adjust based on either the number of incoming bets and/or events that influence the potential outcome. In practice, the initial value is based on both quantitative (e.g. win–loss record, average points per game, etc.) and anecdotal information (e.g. media reports, injury status of players, etc.).
As with other types of bets where the odds of either outcome are meant to be even, the vigorish (or 'vig') is typically set at or about 5% of the total wager. Using American odds, this will result in both outcomes initially being quoted at -110 (i.e. bettors must risk $110 to win $100). If the amount bet on both outcomes is exactly even, using such odds would result in the sportsbook earning $5 in gross profit for every $110 wagered.
Of course, bettors will not necessarily risk the same amount of money on both outcomes every time. In such circumstances, there are two ways a sportsbook can mitigate the risk. The first is to adjust the O/U while keeping the odds of both at -110. For example, if the O/U for a football game is set at 45.5 and the action heavily favors the 'over' then the O/U could be adjusted to 46.5 to encourage bettors to take the 'under.' The risk here is that the sportsbook could lose a lot of money by being 'middled' - using the aforementioned example, if the final combined score is 46 then the sportsbook would be obligated to pay both the initial bettors who bet 'over' and the later bettors who bet 'under.'
The other method to mitigate risk is to adjust the odds on the initial O/U, which is slightly more complicated but eliminates the risk of being 'middled.' In the aforementioned example, the 'under' could be adjusted to -105 while the 'over' is changed to -115 (meaning bettors would have to risk $105 and $115 respectively to win $100) in order to make the original 'under' proposition more attractive (and the 'over' less so) to bettors. In actual scenarios, even adjustments of -100 (i.e. 'even money') and -120 are common place as sportsbooks typically endeavor to maintain steady margins and minimize risk.
Statistics[edit]
Though this bet is most commonly made with the combined score of the two teams, many other statistics can be used, including:
- In American football, a player's or team's total rushingyards or attempts, down conversions (first or third), interceptions, completions, field goal percentage, etc.
- In basketball, a player's or team's total assists, blocks, turnovers, steals, etc.
- In baseball, a player's or team's total number of home runs, RBIs, etc.
Dice[edit]
A variant of overunder betting, known as Under Over, is a dice game played at various festivals. The object of the game is to predict whether the dice will roll to a total of under 7, over 7, or at 7. The game is typically played with 2 dice.
A player typically places a wager on one of three spaces. These spaces are:
- Under 7 (usually pays 1–1)
- Over 7 (usually pays 1–1)
- 7 (usually pays 4–1)
For instance if one bets one dollar on under and the dealer rolls under, they gain a dollar as well as get their dollar back. If the dealer rolls a seven and one bets on it, they make four dollars. Once all the bets have been placed the attendant closes the betting board with a screen and then puts the dice through the chute. Players then get paid accordingly.
One variation of Under Over involves foam dice, two of which are thrown in the middle of the players; in another variation, two balls are thrown into a giant wheel consisting of twelve spaces of numbers ranging from 1–6. No wire fence is used to block the bets in that case.
References[edit]
- ^Kochan, M. (2013). Secrets of Professional Sports Betting. Cardoza Publishing. p. 12. ISBN978-1-58042-438-7. Retrieved April 25, 2015.
- ^Williams, L.V.; Siegel, D.S. (2014). The Oxford Handbook of the Economics of Gambling. Oxford Handbooks in Economics Series. OUP USA. p. 205. ISBN978-0-19-979791-2.
- ^Fodor's Las Vegas 2015. Full-color Travel Guide. Fodor's Travel Publications. 2014. ISBN978-0-8041-4300-4.
(updated on March 26, 2017)
Most bookies offer 3 choices of total goals: 1.5, 2.5 and 3.5. But some offer a wider range of options, like 2, 2.25, 2.75, 3, 3.75 and so on, that are a bit harder to understand and that confuses a lot a people.
Total Goal Over 2
You win the bet if more than 2 goals are scored and lose it if only 1 or none goal is scored. If exactly 2 goals are scored the bet is refunded.
Examples:
0-0, 1-0 or 0-1: Lose
1-1, 2-0 or 0-2: Push (bet is refunded)
2-1, 1-2, 2-2 or any other higher score: Win
Total Goal Over 2.25
In this case, you are placing half a bet on over 2.0 and the other half on 2.5. If the total goal of the match is 2 goals, you lose half your original bet (the other half is a push). If the total is more than 2 goals you win the bet, and if it’s less than 2 goals you lose the bet.
Note: sometimes you’ll see O2,2½ which is the same as O2.25!
Examples:
0-0, 1-0 or 0-1: Lose
1-1, 2-0 or 0-2: Lose half your original bet
2-1, 1-2, 2-2 or any other higher score: Win
Total Goal Over 2.5
In this case, there is no push option because a game cannot end with a total of 2.5 goals. It’s simple: you win if the total is 3 or more goals and you lose if less than 3 goals are scored.
Examples:
0-0, 1-0, 0-1, 1-1, 2-0 or 0-2: Lose
2-1, 1-2, 2-2, 3-0, 0-3 or any other higher score: Win
Total Goal Over 2.75
In this case your placing half a bet on 2.5 and the other half on 3.0. If the total is 3 goals you win half your bet (the other half is a push). You win your bet if more than 3 goals are scored and lose it if less than 3 goals are scored.
Examples:
0-0, 1-0, 0-1, 1-1, 2-0 or 0-2: Lose
2-1, 1-2, 3-0 or 0-3: Win half your bet
3-1, 1-3, 2-2 or any other higher score: Win
Total Goal UNDER 2
You win the bet if less than 2 goals are scored and win it if only 1 or none goal is scored. If exactly 2 goals are scored the bet is refunded.
Examples:
0-0, 1-0 or 0-1: Win
1-1, 2-0 or 0-2: Push (bet is refunded)
2-1, 1-2, 2-2 or any other higher score: Lose
Total Goal Under 2.25
In this case, you are placing half a bet on over 2.0 and the other half on 2.5. If the total goal of the match is 2 goals, you win half your original bet (the other half is a push). If the total is more than 2 goals you lose the bet, and if it’s less than 2 goals you win the bet.
Examples:
0-0, 1-0 or 0-1: Win
1-1, 2-0 or 0-2: Win half your bet
2-1, 1-2, 2-2 or any other higher score: Lose
Total Goal Under 2.5
In this case, there is no push option, because a game cannot end with a total of 2.5 goals. It’s simple: you lose if the total is 3 or more goals and you win if less than 3 goals are scored.
Examples:
0-0, 1-0, 0-1, 1-1, 2-0 or 0-2: Win
Vegas Odds Explained
2-1, 1-2, 2-2, 3-0, 0-3 or any other higher score: Lose
Total Goal Under 2.75
In this case your placing half a bet on 2.5 and the other half on 3.0. If the total is 3 goals you lose half your bet (the other half is a push). You lose your bet if more than 3 goals are scored and win it if less than 3 goals are scored.
Examples:
0-0, 1-0, 0-1, 1-1, 2-0 or 0-2: Win
How To Read Over Under Odds
2-1, 1-2, 3-0 or 0-3: Lose half your bet
Nfl Betting Lines Explained
3-1, 1-3, 2-2 or any other higher score: Lose
This table sums up all the possible outcomes:
| Total Goals Bet | Total Goals Match | Bet Result | Total Goals Bet | Total Goals Match | Bet Result |
|---|---|---|---|---|---|
| Over 0.5 | 0 | Lost | Under 0.5 | 0 | Won |
| Over 0.5 | 1 | Won | Under 0.5 | 1 | Lost |
| Over 0.75 | 0 | Lost | Under 0.75 | 0 | Won |
| Over 0.75 | 1 | Half Won | Under 0.75 | 1 | Half Lost |
| Over 0.75 | 2+ | Won | Under 0.75 | 2+ | Lost |
| Over 1 | 0 | Lost | Under 1 | 0 | Won |
| Over 1 | 1 | Push | Under 1 | 1 | Push |
| Over 1 | 2+ | Won | Under 1 | 2+ | Lost |
| Over 1.25 | 0 | Lost | Under 1.25 | 0 | Won |
| Over 1.25 | 1 | Half Lost | Under 1.25 | 1 | Half Won |
| Over 1.25 | 2+ | Won | Under 1.25 | 2+ | Lost |
| Over 1.5 | 0 & 1 | Lost | Under 1.5 | 0 & 1 | Won |
| Over 1.5 | 2+ | Won | Under 1.5 | 2+ | Lost |
| Over 1.75 | 0 & 1 | Lost | Under 1.75 | 0 & 1 | Won |
| Over 1.75 | 2 | Half Won | Under 1.75 | 2 | Half Lost |
| Over 1.75 | 3+ | Won | Under 1.75 | 3+ | Lost |
| Over 2 | 0 & 1 | Lost | Under 2 | 0 & 1 | Won |
| Over 2 | 2 | Push | Under 2 | 2 | Push |
| Over 2 | 3+ | Won | Under 2 | 3+ | Lost |
| Over 2.25 | 0 & 1 | Lost | Under 2.25 | 0 & 1 | Won |
| Over 2.25 | 2 | Half Lost | Under 2.25 | 2 | Half Won |
| Over 2.25 | 3+ | Won | Under 2.25 | 3+ | Lost |
| Over 2.5 | 0, 1 & 2 | Lost | Under 2.5 | 0, 1 & 2 | Won |
| Over 2.5 | 3+ | Won | Under 2.5 | 3+ | Lost |
| Over 2.75 | 0, 1 & 2 | Lost | Under 2.75 | 0, 1 & 2 | Won |
| Over 2.75 | 3 | Half Won | Under 2.75 | 3 | Half Lost |
| Over 2.75 | 4+ | Won | Under 2.75 | 4+ | Lost |
| Over 3 | 0, 1 & 2 | Lost | Under 3 | 0, 1 & 2 | Won |
| Over 3 | 3 | Push | Under 3 | 3 | Push |
| Over 3 | 4+ | Won | Under 3 | 4+ | Lost |
| Over 3.25 | 0, 1 & 2 | Lost | Under 3.25 | 0, 1 & 2 | Won |
| Over 3.25 | 3 | Half Lost | Under 3.25 | 3 | Half Won |
| Over 3.25 | 4+ | Won | Under 3.25 | 4+ | Lost |
| Over 3.5 | 0, 1, 2 & 3 | Lost | Under 3.5 | 0, 1, 2 & 3 | Won |
| Over 3.5 | 4+ | Won | Under 3.5 | 4+ | Lost |
Over Under Odds Explained
Hope this have help you understanding any doubts regarding totals in soccer!
Sports Betting Over Under Rules
If you have any questions leave a comment!