explaining over/under betting odds
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Explaining over/under betting odds forex economic calendar json file

Explaining over/under betting odds

So, here we would be dividing by to make 0. Firstly, it goes without saying that the over-unders in NBA games are significantly higher than college basketball. A lower scoring sport like football will sometimes have more variance on the payout between the over and under. While the over-under numbers for a college basketball game will generally both be close to , it is not unusual to see a college game having an over at and an under at for the same number, meaning substantially more people are betting the under.

What does push mean? A push is when your bet ties. If a game pushes, you will be refunded all of your money. Betting on the weather does not necessarily mean simply betting on the under, because there is snow on the field. Certain teams and quarterbacks have had excellent history playing in foul weather games. But, while the Titans were lost in the snow, unable to complete a pass, Tom Brady thrived in the snow and the Patriots delivered one of the greatest beatings in NFL history, winning , single handedly covering the over by three touchdowns.

Travel Fatigue Obviously for basketball games, weather is a non-factor. NBA teams will often play one game in say Orlando, fly overnight to Dallas, and play the next night in Dallas. For instance, Gonzaga is a team that plays an extremely fast-paced style of basketball but plays in a league, the WCC, with a more moderate tempo.

But, when teams play Gonzaga they are forced to play their style of ball, which leads to games that fly past the over. Play Style Slower-paced teams in college basketball can also dictate their style of play. No matter how quickly their opponent shoots Virginia or Wisconsin will still take their full shot clock, passing the ball around to find the perfect shot.

But, unlike Gonzaga, they generally finish around. The trick is to zig when others zag. Perhaps you see a report that a predicted rainfall is expected to miss an NFL game, where the number has been adjusted lower. Most commonly, this is the total number of points that will be scored. Bettors will then wager that the actual number will be higher or lower than this prediction. With this type of bet, you are not trying to predict the actual score of a match.

Instead, you might feel that there will be more points scored than the sportsbook is predicting, or fewer. The best way to understand this is with a simple example. This is a high total for the National Football League NFL , and you might think that the defensive strength of these teams will prevent that many points from being scored. You would therefore place an over-under bet that the score will be lower. Then: If the Bills win 44 points , you win If the Chiefs win 58 points , you lose In the rare case that a score is exactly the same as the quoted value, the bet is called a push, and all over-under bets are refunded.

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 rushing yards 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. Over-under bets are popular with people who are new to sports gambling because they work in a simple way. Over-under bets are among the most popular wagering options in sports betting, behind point spreads and moneylines. Over-under bets can be good for beginners, says Steven Petrella , deputy editor of The Action Network, a sports media company, and in some ways might be better than point spreads or moneylines because they're more intuitive.

The aim of a sportsbook is to have an equal number of bets on either side of the over-under for a given game. They will therefore post what they think is the most likely value for the over-under. However, sometimes there may be an imbalance between the number of bets on over, and the number on under.

In this case, the sportsbook will try to even out the numbers. They can use two strategies to do this: Change the over-under value itself. If this was originally 45, and too many people have bet over, it might be adjusted to 46 to encourage others to take the under bet. Change the odds. A sportsbook could lower the odds on the under to , for instance, and raise those on the over to This will also encourage bettors to go with the under.

When it comes to paying out, a standard bet on a total is treated just like a point spread. The sportsbook will take its cut, and then pay out to the winners. This will be displayed as odds. It can get a little more complicated.

In low-scoring sports like hockey, soccer, and baseball, a sportsbook will often adjust the juice before moving the total number. If the Red Sox win , under bettors win. If they win , over bettors win. In , the Supreme Court gave U. It is still fully illegal in 17 states, including California, Massachusetts, and Texas.

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