What Are Totals And Over Under Bets?
When the point spread was invented in Chicago by Charles McNeil the money line took a backseat. No matter which team the bettor took the bettor would always risk $110 to win $100. The extra $10 needed to win $100 is called the juice or the vig, it is basically the house’s or the bookie’s take. It’s 10-percent of the bet so it would take $33 to return $30 and $440 to return $400 etc. .
That is, the market expected the teams to combine for about 55 points. A betting total is exactly what it sounds like – the sum of something in a sporting event, most often points scored. On this page, we’ll go over what over unders are, how they work, and whether you should make them a part of your sports betting efforts.
You also need to know that prices on spreads/totals do not impact who/what is favored, it is used to determine how much the bet pays out. Read on for the complete explanation of each of these concepts. We’ll step through how you would place a bet in person at the ticket window. In this case, it’s favored that the final score of the match will be less than (“under”) 45 points. Please read our new 2019 World Wide Online Betting Networks’ disclaimer before continuing. Our small staff has a combined experience of 70+ years within the online betting industry.
You can win by following all of the bet tips provided in this guide. If you place an over bet you will bet $110 to win $100 for either the over or the under bet. If the combined points total of the Pittsburgh Steelers versus Los Angeles Rams is less than 39.5, the under bet wins. It doesn’t matter which team wins; the only thing that matters is that the combined points total is less than 39.5 for the under bet to win. If you despise both teams, and you hope that none of them ever score in the game, you can take the under. On every single play on both sides, you can cheer for them all to fail miserably.
If you bet on the Patriots -7, they must win the game outright by more than 7 points. For individual bets, just say “straight” or “straight up”, otherwise you will need to explain that you are taking a parlay or some other bet type. This is how much you are wagering, not how much you want to win. Most books use -110 odds , so if you want to win $100, you’d state $110 as your wager amount. Betting sports in Vegas is likely going to be the option with the biggest learning curve.
Betting the underdog Lions, you are “taking” six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides “push” and all bets are returned. It’s also a push if the final score equals 42, otherwise the over or under will win.
The number will be represented in an American odds format telling you how much you’ll be paid out. This shows the spread bet, the moneyline bet, and the over/under bet. Even though it’s on a line with a particular team, it is done strictly for organizational purposes.
Over/under betting is also interesting from a human psychology standpoint because, on average, people are more likely to bet the over. Similar to spread betting, the sportsbook makes money on totals by charging vigorish , often called “juice,” on both sides of the market. So, you normally have to bet $11 to win $10 regardless of whether you take the over or the under. In this case, if you were to risk $100, then your potential win would be $175 profit if you are correct!