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Ever wanted to have sports betting over/under explained to you in simple terms? If youâve been wondering what is gambling on the over/under, today is your lucky day! In this sports betting guide, weâll tell you everything you need to know for gambling on over/under betting markets.
Gambling on over/under markets is, essentially, a total bet placed in comparison to a sportsbookâs prediction. The sportsbook predicts a certain statistic for a game or sporting event. The most commonly used statistic for over and under is the total score of a match.
Over and under betting markets are very important. Gambling on the over/under is one of the most popular ways of how to bet on sports in the US.
In order to understand when sports betting over/under is explained, youâll need to get the lingo. Here is some basic terminology to help you understand the fundamentals of over/under sports betting.
Point Spread
This is where the sportsbook predicts a specific statistic on a Game or Sporting Event, which determines if you win or lose. To win a point spread bet, your pick must cover the spread set by the sportsbook.
Push
This is when you and the sportsbook tie on the results you bet on, or the number of the points scored in a game is exactly what was predicted. You are given a full refund of your wager.
Total
This is when you add the scores of the teams or participants together. The sportsbook creates a statistic of what they think the final score will be for betting purposes. Thereâs also partial totals, like the Half-Time Total, or the total for a specific team.
If you want sports betting over/under explained to you, you have to know how to gamble with over wagers. Fortunately, figuring out how does betting work on the over side is relatively simple.
As an example, letâs take an iconic sports event: Superbowl LIV. Over/under betting is extremely popular in football. For the match, a hypothetical sportsbook has set the over/under odds at -120, for Over 50, and +120, for Under 55.
Letâs say you want to place a $100 wager on Superbowl LIV. Youâve studied the Kansas City Chiefs and the San Francisco 49ers the whole season. You feel confident that the game will go over 50 points. So you wager $100 on the Over 50, at -120 odds.
The game ended 31-20, with the Chiefs ahead. Thatâs a total score of 31+20=51. You bet $100, and since the score beat the over/under, you take home $83 in profit from your total bet. Simple enough, right? Next up, weâll look at the other side of the action.
Think youâre done having sports betting over/under explained to you? Think again! Weâre only halfway through with the basics. Now, letâs look at what happens when you take the under side of a total bet.
For this example, letâs take the 2018 NBA Finalsâ game 1. The Cleveland Cavaliers faced the Golden State Warriors in Oakland. Letâs say the sportsbook set the over/under odds at -120 for the Over 200, and +150 for the Under 220.
Youâve been watching both teams all season, and you donât feel they have it in them to go over 220. So you take the under bet, at +150 odds. You bet $100 that the score wonât pass 220.
However, the game wound up going into overtime, with the Warriors beating the Cavaliers 124-114, for a total score of 238. That means the score went 18 points past 220, and your under bet has lost. Better luck next time!
Now that you know
how do odds work
when gambling over/under, itâs time to discuss improving those odds. Unless you happen to be a psychic, even the
best odds lines
will always favor bookmakers.
If you want the odds to swing in your favor, you have your work cut out for you. You need to evaluate the team and the situation of the game played before placing your bet. In fact, you need to evaluate the situation better than the bookies did, if you want to come out on top.
Here are some examples of items that could impact game day:
There are particular trends sportsbooks have been known to utilize as general guidelines for creating statistics for gambling on the over/under. Below are noticeable trends noticed by our experts for gambling on over/under betting markets in some popular sports.
Soccer
Hockey
Football
Are you done having sports betting over/under explained to you? Then maybe you want to head on over to the rest of our sports betting and casino strategy guides. There is a wide selection of guides detailing all sorts of betting systems that work, like 1.01 betting strategies and matched betting guides.
Our guides also cover general interest matters for online gamblers, such as bankroll management and gambling taxes. They also cover a range of strategic betting and value betting tips for many sports.
We provide verified basketball betting tips, the best tips for cricket betting, proven football betting systems, and even hockey prediction strategies. We also have some of the most successful strategies in soccer and profitable racing strategies around.
For casino players, we also have exhaustive online casino guides. You can learn everything, from how to win at slots to the best slot machines to play.
We hope that after having had sports betting over/under explained, youâll be ready to make your mark at the sportsbook.
Though it may sound extremely complex, itâs not as scary as it sounds. Gambling on the over/under is relatively approachable. You check the over/under odds, pick a side, and place your bet. Anyone over the legal gambling age can create a sportsbook account and wager within minutes.
Whatâs really complex about gambling on the over/under is knowing which side of the action to take. Thereâs so many factors that go into the final score of a game. Gambling on over/under markets therefore requires tremendous expertise.
Thatâs why gambling on the over/under, you need to follow your head, not your heart. Just because your favorite QB is playing, it doesnât mean that he won’t break his leg after a torrential downpour in the stadium.
We hope you enjoyed having sports betting over/under explained to you. Armed with your new knowledge, youâre ready to take on gambling on the over/under like the pros!
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