Over/Under betting is a popular way to wager on sports. We explain how it works as betting on the total with examples from the NFL, NBA and more!
Over Under Betting In The US
Over/Under Bets in Sports Betting: What Are They?
There are a variety of exciting outcomes that can be bet on when watching sporting events, but the most common is which team will win. Placement of money on the total number of points scored during a game is a common and popular method of attempting to predict the outcome. Totals betting or over-under betting, depending on the nature of the wager, is a common type of wager.
It is necessary for the sportsbook to make an educated guess about the total number of points scored by both teams in the upcoming game before a line can be established. Betting on sports is all about making your own decisions, and it's up to you to figure out if you think both teams will score more or less than the predicted total points (Over or Under).
For those who like to wager on the action as it unfolds, a wide range of Over/Under betting lines and in-game prop bets are readily available. As betting on whether the total will go Over or Under continues to gain popularity, oddsmakers are coming up with an increasing number of exciting variations of totals bets for you to wager on.
Betting on things like total aces served by John Isner or how many free-throw attempts DeAndre Jordan makes in a game used to be reserved for close friends, but now even strangers are betting on these things. However, this is no longer the situation. Online sportsbooks are increasingly offering proposition bets of the Over/Under variety on a growing number of them.
Inexperienced gamblers may find this form of gambling to be a bit of a mystery at first. However, you need not be concerned, as we are here to help you. To help you win more total bets, we'll go over the basics of Over/Under betting, as well as some specific examples of what to look for when placing Over/Under wagers on various major sports events. All of these subjects will be discussed.
A Guide to Betting on the Over/Under Total
A bet on the Over/Under wager requires you to determine whether or not your wager will come out ahead of the predicted total. Because of the possibility that the Over/Under will change, you must decide whether or not to place the wager right away or wait until later. In addition to this, you must be aware of the vig or juice that is applied to the total, as well as the amount of money you have the potential to win.
There is a -110 juice on the Over/Under bets in this Los Angeles Clippers-Los Angeles Lakers matchup because the total has been set at 222.5 points.
To calculate Over/Under totals, oddsmakers frequently use half points, making it extremely unlikely for a game to end up exactly on the projected total.
Bettors who choose to place an Over or an Under wager will win the difference between the two outcomes in the number of points that they wager on each team's total score.
What formula should one use to figure out how much they've won on an over/under wager?
Most over/under bets have a vigorish or house advantage of -110, which applies to wagers on both the over and under. This type of payment structure is also known as a flat rate. As a result, every dollar wagered returns 91 cents in winnings, requiring a total wager of $110 to win $100.
Over/Under vigorish can be altered by sportsbooks in order to encourage more bets on one of the outcomes. After taking in a large amount of money on the Over 53 (-110), but little or no money on the Under 53 (-110), the vigorish may be changed to Over 53 (-115)/Under53 53 (-110). (-115). When the amount of money won by each wager is not equal, this occurs (-105).
Over/Under wagers are evenly split between the Over and Under, ensuring that the sportsbook makes money regardless of the outcome of the match.
Over/Under betting calculator can be used by those who bet on the totals to see how much money they can win if their prediction is correct.