What Does Over Under Mean In Gambling

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.

In sports betting, over/under means that you are placing a bet on the total number of points/runs/goals in a certain matchup. This type of bet can also be referred to as a total bet. When you make this type of bet, you are simply choosing between two options: over or under. In Gambling What Does Over Under Mean like blackjack and roulette, as well as gameshow-style games, in real time and in high definition. The live casino In Gambling What Does Over Under Mean games are all powered by Evolution Gaming, a software provider who has won numerous awards for Casino Supplier of the Year and Innovation in Casino. What Does Over Under Mean In Basketball? Gambling is very risky and careless gambling can result in the loss of substantial sums of money. For further information on responsible gambling, or if you think you may have a gambling problem, please visit GamCare or Gamble Aware.

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]

1. ^Kochan, M. (2013). Secrets of Professional Sports Betting. Cardoza Publishing. p. 12. ISBN978-1-58042-438-7. Retrieved April 25, 2015.
2. ^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.
3. ^Fodor's Las Vegas 2015. Full-color Travel Guide. Fodor's Travel Publications. 2014. ISBN978-0-8041-4300-4.

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. It is one of the main ways to make a wager for any given match up and the over/under point's total can be found along with other game lines including the points spread + the moneyline (payout for a straight up win).

Below we talk about the different sports and explain how how to read sports betting odds when it comes to dealing with the over/under total wager option.

How Does The Over/Under Betting Line Work?

When two teams are set to match up, oddsmakers will research both teams, their history, trends, previous meetings and a variety of other factors. After doing all their work an over/under point total will be released for the combined score of the game in questions. From that point, it is on the bettor to decide whether he/she thinks that score (total) will be 'over' or 'under' the oddsmakers' prediction. Simply pick the right side to get paid!

Now, this can be points in football games, goals in hockey and soccer, runs in baseball... Ok you, get the idea, but you should know the concept of betting over or under comes into play when making team based prop wagers and individual player props. Instead of using points or score as the deciding number, prop-based over/unders will use all sorts of stats from the total number of turnovers in a given period of time, to the total number of rushing yards for a player.

When Can The Over/Under Be Wagered On?

The over/under total for a game is one of the staples over the game lines installed for every matchup. Bettors will have numerous chances to bet on the game total before the game, but even after game gets underway there will be other chances as well.

Game totals are installed with the point spread and moneyline, and typically there is plenty of time to check them out and get a bet in prior to the start of the game. But after the game starts, there can be different over/under totals installed for the game in increments. For example a football game with four quarters can have an over/under point total for each. Bettors could conceivably wagers on a total for every quarter or half in a matchup. That presents plenty of bets that can be made.

Live betting also comes into play. At different points in the game a live wager could reform a game total either higher or lower, with an adjusted payout. This is similar to an in-play betting line as well, with adjusted totals for in-progress matchups.

Best Gambling Systems

Betting On The Over/Under Totals For An Individual Team

Another type of over/under total bet is for the two teams involved in the game. This is considered to be a prop bet though and at most online sportsbooks will be in the team props, and not a part of the game lines. Those are reserved for the combined game total. Still, teams will be set with different over/under totals, which will closely relate to the game total on the game line plus the point spread. There are several variables that come into the formation of this betting line.

Understanding Payouts When Betting On The Over / Under

The payouts for an over/under total wager fluctuate but generally stay around even payouts for both sides of the bet. The times when the payout for an over/under will not be equal are usually when:

1. One side of the wager is being bet on more than the other, however sportsbook operators will generally adjust the actual total to balance the wager instead of changing the payouts.
2. The payouts typically tend to swing more when the total score cannot be changed because the wager is based on a low-scoring sport like NHL, MLB, soccer, etc... When this occurs there can be sizable differences in payout

Example: Over/Under Total Points For Game - Over # Points (-105) / Under # Points (-125)

The numbers inside the parentheses indicate the payout. -105 shows this side of the wager pays $.95 for every $1 wagered versus -125 which pays $.80 for every $1 wagered. This basically shows the percentage paid to the house when the bet is won which is also known as 'juice'. If there are no numbers shown in parentheses both sides pay equally; usually -110.

Examples Of Total Wagers

NFL Over/Under

• Dallas Cowboys vs. NY Giants: 44.5 o/u

Here in this example we have the Cowboys taking on the Giants. Oddsmakers have set the over/under point total for the two teams combined at 44.5 points. There are two options to take on this line. The over total, and the under total. For the over total to win this line, both teams would need to combine for at least 45 points. For the under total, 44 points or less scored and that side of the line wins. Get an explanation of NFL betting odds here.

College Football Over/Under + Total Wagers

What Does Over/under 0.5 Mean In Betting

• Georgia Bulldogs vs. Tennessee Volunteers : 46.5 o/u

This Southeastern Conference showdown between Georgia and Tennessee has been installed with a game total of 46.5 points. This the total total number of points installed for the combined score in the game. The wager is made on the actual total going above or below this mark. For the over to win here, 47 points or more is needed between the Bulldogs and Volunteers. For the under to win, it's 46 points or fewer. Learn how to read college football betting odds here.

NBA Total Wagers + Over/Under Betting Lines

• Miami Heat vs. Atlanta Hawks : 202.5 o/u

What Does Over/under 2.5 Mean In Betting

Flipping the total to be accurate for betting on NBA lines, the mark for this over/under total example has been set at 202.5 points. This is the combined point total for both teams in the matchup. The wager is made on the actual total from the game going over or under the installed line. Here, 203 points or more is needed for the over to win. On the flip side, 202 points or fewer and the under wins. There is no chance for a push with the half point in play.

Bovada Sportsbook - Best Sports Betting Site For Betting On The Over / Under

This is where Bovada shows its cards as the best site for many players to choose from. The Over/Under here on this site are clearly the best ones out there for players to pick. The scores are so close that when players do a little research, it is very easy to pick either the over or the under to bet on Bovada.

With different games and high scoring games in different sports, the over/under on Bovada is based on the success of the teams earlier in the season. This means that this over/under can change often so placing over/under bets on Bovada can be the most profitable especially when it comes to parlaying bets!

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.

When you have an Over/Under set so high with two teams known for high scoring offenses, this means this that betting over could be very easy to do. In fact, when knowing that two teams like the Baltimore Ravens and The Kansas City Chiefs who are known for their high-powered offenses play each other, there is no doubt that the game will explode with points and SportsBetting has the Over/Under set up for players to win.

BetOnline Sportsbook - Best Sportsbook Bonuses And Promotions

BetOnline is just the site that has the best over/under totals and there is no doubt about it. These totals are favored for players to profit when picking these bets at the right time. Picking the Over/Under on a lot of games can be challenging if players don’t do any extra research on these teams. Here on BetOnline from past results, there are plenty players that cash big betting on the Over/Under total.

When it comes to creating the over/under total, these points are based on how a team has recently played and also the availability of the the best players on their team. The reason that you will get the best Over/Under total from Betonline is because as soon as any news comes out regarding a team, the Over/Under total is updated. Accuracy of the total is very much to winning huge and BetOnline makes sure to be as accurate as possible.

MyBookie Sportsbook - Players Often Play Over/Under Bets On MyBookie

There is no reason for players to not want to bet on the Over/Under totals here on MyBookie. The totals are always set up based on the teams that are playing no matter if one team is a lot better than the other. This means that even if a team is very good at scoring and the other one isn’t, there is a good chance this Over/Under will be based on the high scoring team.

The way that this is great for MyBookie player is very simple. This Over/Under total could really be affected when teams are going back and forth. The points scored can really increase if Team A , who is not known for scoring a lot, is trying to stick around and possibly pull off the upset. Paying close attention to both teams is important when placing Over/Under bets and once you have done your research, cashing on MyBookie shouldn’t be an issue at all!