What Is Over And Under In Football Betting
- What Is Over 1 In Football Betting
- College Football Odds Over Under
- What Is Over And Under In Football Betting Today
- Las Vegas Nfl Odds
- What Is Over And Under In Football Betting Against
Over / Under is a betting option on the total number of goals to be achieved in a sporting event. Players have two options. To choose Under 2.5 goals (no goal scoring, 1 goal, or 2 goals) or Over 2.5 goals (3 goals or more). The most common match totals goal line found on every online betting site.
In sports betting, there are just a few bets that are considered to be regular bets and the over/under is one of them. The over/under is a simple wager where the bettor decides whether the final score of a specific game will be over or under a published number. The number represents the sum total of points scored by both teams. Thus, you either bet on the over or the under.
- 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.
- Before a game begins betting over or under the total points scored is usually a -110 wager. Bettors will wager $110 to win $100 for a pre-game totals bet. If bettors wager a lot more on one side of the total, the moneyline might change before the actual point total moves.
Over/Under
The over/under is listed in the following manner with the visiting club first.
Chicago Bears
o/u 34.5
Minnesota Vikings
In this game, the over/under is listed with a decimal, which is an impossible outcome. That’s done to avoid a push, which means the total points for this game will end up either above or below the number posted. If the over/under were 34 or 35, then the teams could end up with 34 or 35 points. That would mean there would be a push, a tie, and all bets would be returned.
In our example if the point totals are under 35, the under wins, of they are over 34, the over bets win the money. It’s that simple.
Using the Spread with the Over/Under
What Is Over 1 In Football Betting
In NFL sports betting, the over/under is not simply picked out of the air. Like the point spread, moneyline and all other bets, it’s based on a number of factors, including specific stats related to scoring offense and defense.
Prior to wagering on the over/under check out the point spread. This will tell you how close the experts believe the score will be. Compare that to the over/under number. That will give you a good example of how the scoring is expected to go.
In other words, if the point spread on the game listed above has Minnesota favored at
-10.5 that would mean that the scoring when considered against the over/under is expected to be something like:
Chicago 12
Minnesota 22
College Football Odds Over Under
These numbers are approximate, but they give you a good idea of what 35 total points would look like if they follow the spread. If you think Chicago will score less but Minnesota will score about the same number of points, then you may want to go with the under. Likewise, if after doing your research you believe Minnesota will score another touchdown and Chicago will score about the same as you’ve figured, then you’d wager on the over.
However, what if the point spread has Chicago at -3.5? How would that look like with the same over/under?
Chicago 19
Minnesota 15
Once again, looking at that probable outcome based on coordinating the point spread with the over/under, you’d ask yourself if the point total for each team makes sense. If the totals don’t, then based on your analysis, you’d decided if more or less points would be scored by either team and also what your calculated over/under would be. Then you would bet on the published over/under.
Sports Betting is About Information
If you’re able to use all information at your fingertips, including numbers presented by the handicappers, you can objectively determine how accurate the over/under may be. Use this tool to help you make winning bets.
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.
Initial and final value[edit]
What Is Over And Under In Football Betting Today
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]
Las Vegas Nfl Odds
- ^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.