Sports Betting Terms And How To Bet On Sports
Some over/under lines involve half points so that pushes are impossible. For example, if the over/under line were set at 205.5, scores with 206 or more will win the over and 205 and below win the under. Either bet can also be wagered during a given halftime or single quarter. For one football game, you could conceivably bet the over/under on seven different occasions .
What is different is how much juice is required to win on this bet. We can instantly tell that the Over value of 45.5 requires you to bet $110 to win back $100. We can also see that the Under bet requires you to bet $100 to win $105. Clearly, there is a little more probability that the final score will exceed 45.5.
That said, if you’re planning to visit a state where gambling is legal, and intend to bet, you should at least be armed with some information. Reverting to the Mayweather vs McGregor example gives us a prime perspective on value. Here we find value in backing Mayweather in a near certainty of a contest. This example applies to most sports but we used football as an example.
These elite gamblers figured out a long time ago that it’s often easier to predict how a game might go from a scoring perspective instead of trying to pick the winner. The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker. However, if he had made that $110 bet through a bookmaker he would have only won $100 because of the vig.
Over time, the over/under moves inch by inch until it reaches its closing line when the contest begins. OVER/UNDER betting is just like any other bet where you are looking at the final score, whether the game ends in regulation or multiple overtimes. So, if the Rams get the ball first and score, the Chargers will get their chance too. 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. The goal of a sportsbook is to have an equal value of bets on both sides of the over–under.
Line shopping to find the best price is a key part of a Totals betting strategy, as a half-point can make a world of difference. Some players like to make sure their combination bet covers a certain timeframe. So, you may back three match results on a Saturday, plus two more on a Sunday. Others prefer the long-term approach, combining the winner of a championship with two relegated teams from the Scottish first division.