How To Read Odds & Bet On Sports
To understand this, you must first understand correlated parlays. Sportsbooks generally won’t book parlays where one winning bet increases the odds of the others winning, although this has changed recently. Parlaying the first-half total of an NFL game with the game total represents an obvious example.
Statistics show that sports bettors are more likely to bet the “over” than “under”, simply because there are more possible outcomes that would lead to victory. You will always have just two basic options with this type of bet, but you need to be aware of what exactly you are betting on. Even if they reconvene the next day and play, books often cancel bets and produce a new market.
In this guide, we’re going to walk you through all the important aspects of the over/under bet. We’ll introduce you to the basics of what the bet is, how it pays out, and the benefits of using it. Then, we’ll transition into discussing the more advanced strategy concepts you need to be able to start winning totals bets. The over/under or totals bet is a very interesting type of bet.
These pro bettors hold off on wagering until all information is out (e.g. injuries) and we advise doing the same. Along with a spread, books will set a “game total” for each event. That number represents how many points, combined, are expected to be scored during the game. Bettors have the option to select the “over” or “under”, which is why it’s also known as over/under betting. A common parlay which provides value to the bettor is to combine the moneyline with the over/under.
For example, let’s say that in our earlier example, tons of money pours in on the over. Everyone and their brother think that the game is going to be a high-scoring affair and the total points will be well over 41. This total number will be completely independent of the outcome of the game. All that matters is how many points, runs, or goals are scored by both teams.
So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100. If you bet $110 on the underdog 49ers you will win $100 if they win outright or lose by less than the three-point spread. If the final score happens to end up exactly on the number it’s a tie, or ‘push,’ and you get your money back.
If the Chiefs were to win the game by any score and you picked the Chiefs you would win not including the extra six points. If the Lions were to win, 20-14, it would be exactly six and a push, so you would get your money back. Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball.
This is doubly important in basketball, where pace determines how many shots will be taken in 48 minutes. Say the Bears are a six-point favorite over the Lions and the total is 42. To bet the Bears, you must “lay the points,” meaning they must win by seven or more to cover and give you the win.
If a team has scored between 100 and 110 points in the last five encounters, then it is likely that they will fall within that limit the next game. Also, if the teams have faced each other many times before, look up their point history. It even does not matter who won or lost; just look up at the total points scored for an estimated reference. Unlike football and soccer, you will not see the same totals for all of the over/under bets (see our Football and Soccer Over/Under Betting articles). Accordingly, you will often see a predicted total of 37 in football and a predicted total of 2 in soccer in over/under odds.
The number after the matchup is the projected total points to be scored by both teams added together. A player can choose to bet on the matchup, either San Fran -5 points or St. Louis +5 points. We are an informational website that is focused on online betting sites.