Placing and Over/Under Bet and Other Facts You Need to Know
At times, bettors are not sure or comfortable with which player or team is going to win a matchup, particularly once a spread is applied. These bettors are still looking to have fun and place a bet, though! Oddsmakers gives bettors the option simply placing a bet on the game total.
How many points are going to be scored in the game?
In a basketball game, if Team Circle scores 70 points and Team Triangle scores 55 points, the total point score is 125 points.
For every game out there, oddsmakers set a spread and they set a point total. The way that you would see this written is from the perspective of the favorite: Team Circle -10 = 125. It would read as, “Team Circle is a ten point favorite and the total of the game will be 125.”
Bettors can say if they think Team Circle will win by more than ten points OR they can place an over/under bet. Do they think the total points scored will be over or under 125 points? Betting the total is one of the easiest bets out there (and great for amateur bettors!) because it’s incredibly straightforward.
As a rule of thumb, you should know that the general public loves scoring in sports. People do not get as excited about defensive action in sports. Therefore, the public loves to bet the over. Oddsmakers know the public prefers to bet for high scores and prefer to bet the over. Thus, the point total that oddsmakers set is always going to be slightly higher than what they actually think will happen in the matchup.
If they set the point total to match their expectations for the game, far too many bettors will take the over since that is the public’s natural preference. Even when they set the total slightly higher than expected, there’s still a heavy load of bettors choosing the over.
Bet the Under
The public likes scoring in sports. Most bettors naturally bet the over. Oddsmakers know this and set totals higher than expected.
If you walked away from a sports betting lesson and the one thing you took away was “bet the under,” you would be creating value for yourself over the long run!
If you made a series of under bets, you would succeed much more often than betting the over.
As an Example
If you and a friend were to play basketball game (first to 20 points) and you asked your acquaintances to bet on the game, there would be no spread on the game if they felt the two of you were an equal match up.
If there’s a favorite, your friends would apply a spread. If you are the better player, we might say You -4. This gives your friend a four point boost to start the game. And we might set the total at 29 points. We would write this out as You -4 = 29. This reads as: you are a four point favorite and the total of the game will be 29 points.
In this example, if the final score is You = 20 points and Friend = 17 points, your friend actually covered the spread. The betting score is You = 20 points and Friend = 21 points. The total is 20 points + 17 points = 37 points (you do not apply the spread to the total).
Your acquaintances who bet on your friend win in their bets! And those who chose the over total also win their bets.