Usually the over/under refers to a number set by the betting agency. This set number could refer to many different things, but for this example we will say total points. Let’s say the over under is 40. You would wager your money on either over or under and this means the total points scored by both teams needs to equal greater or less than 40. If you bet over and the game’s final score is 27-14, you would win as the total score of both teams is 41. Over/under bets can be used in boxing matches for how many rounds the fight will last.
**Over/Under (Total Points):** You bet on whether the total points scored in a game will be higher or lower than a specific number, like 45 points.
**Spread (Point Spread):** It’s like a head start in a race. If a team is -7, they need to win by more than 7 points for you to win your bet. If they’re +7, they need to lose by less than 7 points or win for you to win your bet.
**Moneyline (Winning Team):** You bet on which team will win. If the team you pick wins, you get the amount of money listed in odds for every $100 you bet. For example, +200 means you win $200 for every $100 you bet if that team wins.
Over/Under bets (O/U) are the simplest wager to make in sports betting.
The bookie sets an O/U line for the total points to be scored by both teams in a given match. You place a wager based on whether you think the total will be “over” or “under” that set total.
To use your NFL example, lets say the Buffalo Bills are playing the Miami Dolphins, as they did recently. Two high powered offences, so the O/U was set at 53. Betting the “over” means you win if the point total = 54 or higher, and lose if it is 52 or lower. If the point total landed EXACTLY on 53, you would have gotten your wager back, as this would have been a “push” (a tie).
To avoid a “push” result, O/U lines will often use a “half point” (eg O/U = 47.5) to guarantee a betting result.
Others have covered what the gambling terms are, so I will just toss in the caution to not get into sports betting if you don’t understand it. If you really want to get into it, record a bunch of sample bets and how much you would like to bet on them, but don’t actually wager the money. Then, after the game, see how well you would have done. Then do this again for a whole season. If you enjoy it, and aren’t losing your shirt on paper, THEN consider getting into it. It’s really easy to think you are doing better than you are, and it’s really easy to chase losses and end up in a bad financial situation. Be careful with it.
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