Wager Mage
Photo: Ketut Subiyanto
A bet on the over means you think both teams will combine to score more goals, points, or runs than the total listed. Conversely, an under bet means you think there will be less than the total listed. It's that simple. Let's look at a few examples.
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Read More »There are three types of primary bets on a game between two teams: moneyline, spread, and total (also commonly referred to as over/under). While moneyline and spread deal with which team won, the total only cares about how much or how little scoring happened between the two teams. When looking at listed odds for a game, this is represented as total, over/under, and sometimes shortened as O/U. There will be a number listed, something like 155 for a college basketball game, 8 for a baseball game, or 47 for an NFL game. That number is the line for over/under bets, called the total. A bet on the over means you think both teams will combine to score more goals, points, or runs than the total listed. Conversely, an under bet means you think there will be less than the total listed. It’s that simple.
1. Soccer. The most popular sport in the world is soccer, so it is no surprise to discover that the game is the global sport betted upon most....
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Fantasy sports winnings of $600 or more are reported to the IRS. If it turns out to be your lucky day and you take home a net profit of $600 or...
Read More »TEAM Spread Total Moneyline Boston Celtics -6 -110 O 212.5 -110 -250 Los Angeles Lakers +6 -110 U 212.5 -110 +195 In this NBA game, the total is not a whole number. You may be thinking: “How can they score half a point? That’s impossible.” Well, that’s the point. You can’t push the bet like in the baseball game above if the total is a half-point. You’re guaranteed to win or lose. Sportsbooks don’t like pushes because they can’t make money off pushes. They return all original bets and get nothing. As long as there is a winner or loser, they can make money. If the final score is 109-103 Celtics for a combined point total of 212, the under bets win. If, instead, the Lakers added a meaningless free throw in the last second, and then the Celtics ran out the clock for a 109-104 win, the over bets win. Another nuance worth mentioning is that the odds aren’t always the same for both sides of a bet. In the previous two examples, the overs and unders all had -110 odds. That is common but not guaranteed. Here’s an example of a hockey game where the under has higher-paying odds than the over. This is commonly referred to as the juice. TEAM Puck Line Total Moneyline Buffalo Sabres +1.5 +115 O 6 -120 +290 Washington Capitals -1.5 -140 U 6 +100 -350 The under bet is even money, meaning a winning bet would double the amount placed on the bet. However, the over is -120, meaning you’d have to bet $120 to win $100 (or $12 to win $10). This usually means that the over is getting more bets and/or is viewed as the slightly more likely outcome. This is more common in low-scoring sports. For example, in basketball, moving a line by half a point won’t dramatically change the bet, so that will often happen without the odds shifting. However, in hockey, moving a line by half a goal is a big difference. This is especially true in soccer, where 3-2 is considered a high-scoring game. As a result, a very common total for soccer is 2.5 goals, and the odds are rarely equal for both the over and under.
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