Wager Mage
Wager Mage
Photo: RODNAE Productions
Totals bets are also known as over/under bets. The terms are used interchangeably at legal online sportsbooks and among media covering sports betting. Like the moneyline bet, an over/under wager is a straightforward and popular one at the sportsbook, especially for NFL and NBA games.
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Read More »Totals bets are also known as over/under bets. The terms are used interchangeably at legal online sportsbooks and among media covering sports betting. Like the moneyline bet, an over/under wager is a straightforward and popular one at the sportsbook, especially for NFL and NBA games. Totals bets are usually available for all major professional sports (football, baseball, basketball, and hockey) and major college sports (football and basketball). The outcome of the sporting event does not factor into the wager — all that matters is the combined total of points scored by both teams. For a majority of over/under wagers, bettors are choosing whether the total number of points (i.e., runs for baseball, goals for soccer and hockey, rounds for boxing and MMA, points in other sports) will be OVER or UNDER the listed total of points provided by the sportsbook.
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Read More »Can you put totals or over/under bets in parlays? Yes, you can put multiple totals or over/under sides in the same parlay bet. But keep in mind that choosing a couple or several favorites will not yield the same payout as if you were picking sides closer to even (-110) or underdogs. Can you put totals, money, and spread bets together in parlays? Sure can. The potential payout is based on the pricing of any spread bet(s) in the parlay. The standard vig on a spread bet is -110. Do totals or over/under prices differ from one sportsbook to another? Absolutely. Sometimes they’re pretty drastically different from book to book as they sometimes offer different totals. It’s always wise to shop around for the best price for the side you like. For example you might see 51 points on one book and 51.5 points at another. Depending on the balance of each wager, one could be offered at -110 and the other offered at -115. Are toals or over/under bets good bets? They’re perfectly fine. Your bankroll, your call. Totals or over/under bets are more straightforward, and the “spread” is considered the great equalizer and involves a bit more handicapping (by how much will X team win or lose?). That said, there’s nothing wrong with just picking either the over or under against a total offered by the sportsbook. How do totals or over/under bets work? The price established on one or other is a function of how competitive or talented each side is — independently and based on the particular matchup. Put simply, the bookmakers will assign a certain price that they think accurately reflects what it should cost the bettor to pick either side of the total combined units being wagered on in the game. The closer the price is to “-110” (in American oddsmaking), the closer the number is in terms of competitive balance. When it gets into the -115 to -120 range, it means there is more betting on one side, and there is the potential for the units offered to move in a direction that resets the competitive balance of the bet. Will the totals or over/under bet change once it’s set? Definitely. Spreads and moneylines and totals are all fluid. They will adjust based on the bets people are placing (“action”), especially bettors that a bookmaker knows to be “sharper” (well informed). Winning long-term is as much about getting the best price and good value, as it is being on the right side. For example if two people bet on the Chiefs to win the Super Bowl but John bet it one week before the Super Bowl at -130 and Joe waited until Sunday and got K.C. at -120, Joe is getting the better price and payout, percentage-wise.
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