What Are Total Bets? Betting Totals Explained
The books often know they’ll receive more money on the under or over on a particular game, but are hoping to attract enough bets on the opposite to balance their books. However, for new Colorado sports bettors, totals bets will be an integral part of their lives. So, here is a handy guide to explain all the ins and outs of totals betting.
We have an excellent list of the top places to bet online (that take U.S. customers). If you are looking to maximize your first deposit, we also have a great comparison of the best sportsbooks signup bonuses for you. Once you’ve read the primer below on reading the odds, you will have no problem navigating these sites.
It doesn’t matter who wins the game or by how much, the only aspect of the game you are concerned with is the total score. Totals bets markets have always been a favorite of sharp sports bettors. These elite gamblers figured out a long time ago that it’s often easier to predict how a game might go from a scoring perspective instead of trying to pick the winner. The over/under or totals bet is a very interesting type of bet. Over/under betting is also interesting from a human psychology standpoint because, on average, people are more likely to bet the over. If you despise both teams, and you hope that none of them ever score in the game, you can take the under.
For the oddsmakers, the ideal scenario is to have equivalent betting pools on each side so that the book can collect profit with no risk. In these types of wagers, a sportsbook establishes a number as its estimate of the total number of points two teams will score in a match. This estimate, rather than the entire bet itself, is the actual over/under. This is also a non-typical point totals wager, but sometimes this is an option to go after. Individual team point totals focus on the number of points scored by a particular team instead of combining all competing sides.
Before you make a totals bet, you should have almost a storybook script mapped out of how the game is going to go. When you do this, coming up with your predicted totals number should be a cinch. We’ve covered all the basics that you need to understand totals bets and start making your own. What we’d like to talk about now are the different ways in which you can enhance your chances of winning those bets! Below, you’ll find our favorite strategies to beat the books when it comes to over/under bets.
From this, the casino is going to create the over/under bet for the game. The over/under will be a bet on how many total points are going to be scored by both teams. Since the sportsbook thinks the final score is going to be 24-17, they think the total points scored should be 41.
A teaser is a type of football or basketball wager in which the pointspread is adjusted by additional points in the player’s favor on more than one game. In football, a player may move the posted pointspread 6, 6.5, 7, 10 or 14 points . In basketball, 4, 5 and 6-point sports betting teasers are offered. Prop bet Over/Unders like these are starting to become common on lots of the best online sportsbooks. There are certain betting options that are only popular with certain sports, but that is not the case with over/under betting.
This usually means that the over is getting more bets and/or is viewed as the slightly more likely outcome. 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. For example, in an NBA game between Houston and Dallas, the sportsbook might set the total at 212.5 and offer -110 odds on both the under and over. Odds are generally, but not always, the same for one side of the over/under. In this example, they are -110, regardless if you are placing a wager on the over or the under.
Over/Under betting is one of the easiest and potentially profitable bets and since it’s available in every sport it’s worth getting familiar with how it all works. Prop Bets come in many forms and can be related to specific outcomes in a game or player performance . The underdog team or athlete that is considered very unlikely to win. The favored team or athlete that is considered a guarantee to win. The act of betting on the opposite side of a current wager in order to minimize losses or guarantee a small profit.