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How Do Over Under Bets Work? - Over Under Betting Explained - YouTube
Channel: Safest Betting Sites
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Totals betting, also called Over Under betting,
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is the second most popular option
to point spread wagering. For some,
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betting on totals is an afterthought to
point-spread wagering and moneyline markets.
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Totals bets have always been a favorite of
sharp sports gamblers. Understanding totals
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and focusing your attention on them, even
more so than moneylines and point spreads,
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can lead to higher profits.
The total or over/under is
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the oddsmaker's number on the total amount of
points scored in a given game. Bettors simply
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need to choose whether the number of points
scored in that game will be higher or lower
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than the oddsmaker's proposed total.
It's traditionally made with the combined
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scores of the two teams or participants.
Considering total markets have increased since
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online gambling exploded in popularity,
there are now first-half, second-half,
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quarter totals, 5-inning totals, period totals
and individual team totals in many sports.
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Betting on totals is incredibly simple.
It's far easier to understand than point
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spread or Moneyline wagering. Bettors have two
options: wagering on the "Over" or "Under."
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It doesn't matter what team wins or loses
with this kind of bet; what really matters
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is predicting the number of points scored.
In this example, we have a contest between New
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England Patriots and Buffalo Bills, once the
game ends, the total number of points scored
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by both teams is added together to determine
the total points scored. For this contest,
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the total is 43 points. A bettor can place a
wager on the total of both teams to go over
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the 43 points, or he can place a wager
that the total goes under the 43 points.
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If you bet $110 on the Over at (-110),
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and the total score is 44 points,
you would win $100 profit.
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If you bet $110 on the Under,
and the total score is 44 points,
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you would lose the wager. You would have
needed a score of 42 or fewer points to win.
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If the total number of points lands precisely
on 43 points, the bet would be graded a push.
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Wagers from both sides would be refunded.
If the total was 43.5 instead of 43,
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that eliminates the possibility of a push.
A total or over-under with a half-point,
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known in betting jargon as a "hook", will always
end with either an 'over' or 'under' victory.
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Since there are no half-points awarded in sports,
there is no possibility of a push. If a contest
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with a 43.5 total ends with 43 points, 'under'
backers would win their wager. If the game ends
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with 44 points, 'over' backers would win.
It's important to remember when betting on
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American sports at USA friendly sportsbooks, that
the total includes any overtime or extra periods.
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This is contrary to 1X2 wagering on soccer
in European betting markets. Where totals
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are only scores counted in regulation, not
in any extra time period. For all US sports,
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the overtime or extra period is taken into
account when calculating the total points;
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unless stated otherwise.
It's also important to
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remember that the attached moneyline odds may
change depending on the sportsbook. In our
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example above, the juice is -110. However,
often bettors will see these odds change
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but may not see a change in the actual number.
Instead of -110 on both sides of the 43 total,
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the market may look like this:
· Over 43: -115
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· Under 43: -105
Notice the difference
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in juice when betting on the over versus the
under. Bettors will now have to wager $115 to
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win $100 on the over. The underdog odds are at
-105, meaning our $105 wager would return $205,
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including $100 in profits. Adjusting the juice
on totals markets is extremely common. You will
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almost certainly see it at every online sportsbook
these days. It's a way for the oddsmakers to
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move odds while sticking to a particular number.
At just about every online sportsbook, the limits
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for totals are less than sides and moneylines.
For some sports, the difference is huge.
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In most other sports, particularly
basketball, both college and pro,
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the betting limits are similar. There are few
sportsbooks that will accept as much on totals
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as they do on point spreads and many seem to
forget that totals markets exist. We're being
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a bit tongue in cheek, but the reality is
that gamblers often are too focused on sides
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to recognize the value in betting totals.
Each sport is going to have its intricacies
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when it comes to betting totals. One thing
to consider is that the public does bet the
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favorite and the over more often than the
underdog and the under. The squares lose at
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sports betting, so suffice to say, it's
not going to be advantageous following
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their betting patterns. We don’t recommend
“fading the public” as a betting strategy,
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but you will typically find more value
wagering on unders rather than overs.
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At safestbettingsites.com we have advanced
strategies for betting on totals for both
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NFL and NCAA football. We also touch on totals
for the most popular sports like basketball,
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hockey, and baseball that you can use to
make wise decisions when betting on sports.
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Start learning from our sports betting
wiseguys, and avoid being called a square!
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