What Does Over Under Mean In Basketball
The betting line for both the OVER and UNDER is typically at -110 or -105 but can be shifted by betting sites to smaller or greater odds depending on certain factors. It’s up to you to weigh those. Over/under or total betting is probably the second most popular type of bet just behind the Moneyline (betting on outcomes). This is because the main objective of this market is the number of goals.
Many people around the world love to bet on various games of sports and earn a handsome amount of money. We are aware of the fact that winning any bet is just a matter of possibility. And there is no sure shot way to tell whether our placed bet would result in winning or not. However, over the time a person can determine certain categories of bets which can lead him to win a huge amount of money in his pocket. In the game of football, there are some bets which can ensure your win in most of the cases. Betting on over 1.5 goals and under 1.5 goals is one such department. More details about placing bets on Over 1.5 goals and Under 1.5 goals are given below:
Over 1.5 Goals in Football
In Soccer, one can bet on a number of places such as predicting winner name, number of goals, number of corners, both team to score, etc. But if we talk about the safe bet, then the one placed on the number of goals helps to gain more profit than other bets. Now, before explaining how it takes place, let’s have a look at the meaning of over 1.5 goals.
In betting, over 1. 5 means that there will be at least 2 goals in a football match. The chances of this to happen are quite high and hence the winning percentage also takes a good value. Normally, if each team scores even 1 goals then this condition is easily satisfied and one can win his bet in a comfortable manner. You can check it by placing your bets for over 1.5 and after seeing the results of the matches you will realise how safe and profitable this bet is.
What Does Over Under Mean In Basketball Hoop
For Example: suppose there are two teams namely A and B in a football match. And the results of the various matches between two teams are 1-0,1-1, 2-0, 3-1, 1-2, etc. After seeing these results one can say that except for the first match, the number of goals is more than 2. So, we can see that there are high chances of winning a bet with over 1.5 goals and that is the reason why the odds for over 1.5 are not very high.
Under 1.5 Goals in Football
Similar to over 1.5, there is another bet in the category of a number of goals. And that bet is under 1.5 goals. If you know that two teams A and B are equally strong then there are chances that the number of goals in the match between them will be less. However, there is not a high possibility of winning in this case because it is not a very difficult task for any team score 1 goal in the entire match. That is why the odds for this bet are very high and the chances of a win are very less.
For Example: Two teams A and B are playing a match against each other. And the scorecard in various matches shows the results, 1-0, 0-0, 0-1, etc, then it is a win in this case. You should only think of placing the bets under this case if you are sure that there are not going to be more than one goal in the given match.
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]
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]
What Does Over Under Mean In Basketball Playoffs
What Does Over Under Mean In Basketball Scores
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]
What Does Over Under Mean In Basketball Goal
- ^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.