What Does Over Mean In Betting
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.
- What Does Over 3.5 Mean In Betting
- What Does Under And Over Mean In Betting
- What Does Over Mean In Betting
Initial and final value[edit]
What Does Over 3.5 Mean In Betting
As seen in the Soccer Betting Overview you can place thousands of bets on soccer matches and competitions from all over the world. Here, we go into more detail about the bets mentioned in the Soccer Betting Overview and what they each mean with the odds generally offered.
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.).
- Over / Under Betting Odds Explained. Betting on the over/under point total of a game is quite popular when making a sports wager. Bettors tend to really like betting on over/under because they don't really have a rooting issue for one team or the other, but rather offense or defense.
- You are thinking of placing a bet, but want to know what does over 0.5 goals mean in betting terms? Over 0.5 goals means a match with 1 or more goals scored in it. So in other words, any scoreline other that 0-0 is above 0.5 goals.
- Over Under Betting is the second most popular type of NFL betting, just behind spread betting. Over Under Betting is also known as “Game Total Betting” and you will often see it be referred to as either term. Beginner NFL bettors may be confused by Over Under Betting, but it is very easy to learn and understand once explained.
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.
Baseball over/under betting might seem complicated at first for a beginner but it is actually not that difficult once you figure it out. Baseball over/unders are based on the number of runs scored by the two teams playing. A baseball run is scored when a player advances through the three bases returning safely to the home plate.
What Does Under And Over Mean In Betting
What you are betting on is whether the total score of the two teams will go over or under a projected amount of the baseball online betting site. This is a very popular form of baseball betting, and sports betting for that matter.
* Please see illustration below to help understand over/under bets, text explanation follows.
For example, an online sportsbook posts the following over/under betting odds for the Boston Red Sox and the New York Yankees teams:
- 7.5
- Over (-120)
- Under (+140)
In this case you are betting on whether the score will be over or under the total score (total runs) of 7.5. That is, if the final score was 3-3, then the total runs would be 6, which is lower than 7.5 so the ‘Under’ bet wins. If the score was 4-5, then the total runs would be 9, which is higher than 7.5 and so the ‘Over’ bet wins. If you are betting that the score will be over 7.5, then you need to bet $120 to win $100. If you are betting that the score will be lower than 7.5, then you need to bet $100 to win $140. The .5 is there to show that you are betting either 7 OR lower for the ‘Under’ bet and higher than 7 for the Over bet; in other words, it is there to avoid any ties, and hence, a ‘push’.
Sometimes a sportsbook might not use .5 so the odds might show up as:
- 7
- Over (-120)
- Under (+140)
In this case if the final score does hit 7 then there is what is called a “push”. When this happens, the sportsbook has to return the bets to the bettors.
The fact that there is less scoring on average in baseball than in basketball or football makes each run more important. As a result, online betting sites will adjust the odds to even out the action. For example, in a certain game, a total score of 10 might be too high and a total score of 4.5 might be too low. The real money line on the total number of 10 runs could be -110 each way. However, the money line will likely be adjusted to Under -120. This way you have to bet more ($120 instead of $110) to win $100 since the total score of 10 might be too high. On the other hand, you will get a better deal if you’re willing to bet Over 10 runs with a money line of +100.
What Does Over Mean In Betting
Baseball Over/Under Betting Tips
Baseball over/under betting is very popular in the world of online gambling. It is one of the simplest types of betting and if you really follow baseball teams you could stand to make some descent money. One of the most important baseball over/under betting tips is to make sure that you are following the sport very closely. You should know how the teams fare against each other and what possible score they are likely to get.
Another baseball betting tip to consider is not to start betting before June. This is because, before June, the weather could be less consistent and might affect the game. In addition, many pitchers and teams might start off slowly at the beginning of the season. Before June, you can use the time to closely study all the teams and how they might fare against each other.
One more baseball over/under betting tip to consider is to explore different odds offered by various online sportsbooks. Different sportsbooks will sometimes have different odds offered for the same over/under sportsbook estimate. You should look for odds that you think offer the best probabilities for winning and earnings.
We have gone to the trouble of identifying the best online sportsbooks for you, so feel free to look through them in order to get your best service and odds.