Over under betting is probably the second-most popular type of bet after outrights in sports betting. It is been a classic since sports betting become a reality. But how much do you know about this betting type? Are you ready to take your skills to the next level?
If you do, you are in the right place. In this post, we will go over the nitty-gritty of this kind of bet. At the end of this post, you will have a precise idea of how the bet works and how you can benefit from it. Are you excited or what!
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What is Over Under Betting?
If you did not guess already, it is a bet where you either bet over or under a specified value. As straightforward as it may seem, there is so much more to this bet.
This bet is often known as the totals bet. So, if you do not see over under bet at an online bookmaker in Canada, do not get upset. Look for totals bet instead. The reason it is called a totals bet is that you bet against the total value stated by the bookmaker.
It all makes sense now, right?
In a totals bet, you place wagers on the total score of the match. The scoring will be different for different sports like soccer, football, tennis, boxing, ice hockey, and so on. And the nature of the bet will change as well. But worry not because when you have the basics, you can tackle all of it!
The Over Under bet allows you to enjoy the game regardless of the outcome. All that matters is the final score. Let us understand it better with a quick example.
We all know how much you Canadians love ice hockey! So, let us take a match between Blackhawks and Blue Jackets from NHL (National Hockey League).
For over under betting, the bookmaker you choose will predetermine a baseline score for the match. Let us say it is 10 for both teams. It means the bookmaker predicts that the total score by both teams would be 10.
That is where you come in. You can now either place your bets over the bookmaker’s prediction or under. Let us say you wager C$100 over 10. So, if the total score goes over 10, you win the bet. You will get your payout depending on the odds.
The opposite is true for bets on under. If you wager C$100 under 10, you lose the bet if the total score goes over 10.
Why Punters Should do Over Under Betting?
Over under betting has been around for hundreds of years. Maybe even when sports betting was not a mainstream form of entertainment. The only reason it is still here is the simplicity of the bet.
If you know about Moneyline bets, you know that those are the simplest bets for sports betting in Canada. They are also knowns as outrights at many online sportsbooks. In an outright bet, you place your wagers on one of the teams. You root for the team to win because you want your money back!
But for over under bets, you do not have to bias your perspective. For outrights, you might have to bet against your favourite teams because the odds are not in their favour. Over under bets eliminate this phenomenon completely.
You just place your bets and root for both teams equally. You can be happy whenever someone scores. Because individual scores do not matter in this kind of betting. You can enjoy the true thrill of a sport without the fear of losing or winning the match.
It is especially fun because you do not even have to love or hate the teams. It can be two of your most despised teams or two of your most favourite teams. Your job is the have fun regardless of who wins!
Another reason to go for over under betting is the payouts. For most sports, bookmakers tend to offer -110 odds which is quite standard. With these odds, you can expect to make around C$90 profit from your C$100 wager.
Maximize Your Advantages with Over Under Betting
Only knowing how the betting works will not be enough if you want to unlock your full potential. You need to master certain strategies and get your insights right for a successful punting session.
Start With the Defenses
This might seem very contradictory to you. Because the fundamental concept of over under betting is how much the teams can score. So, the defense should not matter, right? You are right to a certain extent. But not entirely.
While the primary goal of any sport is to score, both teams have defenses in place to stop the opponent from scoring. Now it all makes sense, does not it?
And the defense is a big influence in deciding whether you are putting your bets on over or under the bookmaker’s prediction. You should always put equal emphasis on the defensive side of a sport as you would do with the offense.
When you go in deep into the teams’ insights, you will start to notice patterns. How does the defense perform under attacks? Do they play well during the day or the night? Which team has the advantage over the other?
Answer to all questions will determine the final outcome of the match. Not in a sense where one team wins for the better. But for the overall score of the match.
And it is true for all sports. Even boxing. It might seem to you like defense does not matter in boxing. But it actually does. Because how good a boxer can defend himself will influence how many rounds the match will go for.
Consider the Weather
For over under betting, we cannot skip the weather. It is a very subtle influence but it does matter. For example, the score of a soccer match will be lower than anticipated if it is pouring rain. So, you might be better off with betting under the threshold.
Use Multiple Lines When Possible
Many sports offer multiple lines for over under betting. You will not find multiple lines in a baseball match. But you would in a soccer match. Online bookmakers in Canada offer multiple lines on sports that tend to score low.
For example, a soccer match might have predictions of 1.5, 2.5, and 3.5 as betting lines. When you bet on all of them, your chances of making a profit out of the bet increase significantly.
A rule of thumb here is to make your primary bet first. Take that as your main bet and push your predictions even more with the additional lines. This way, even if you miss your primary bet, you can recover your losses with the secondary ones.
Study the Team or the Player
If it is team sports like soccer or ice hockey, study its history. If it is an individual sport like Tennis or Boxing, get a deep understanding of how players operate. The coach they use is also a big differentiator in over under betting.
Knowing all the different aspects of a team gives you the ability to predict the outcome of the event better. If you know a soccer team emphasizes defense, you should put the bet under the bookmaker’s threshold.
The opposite goes for a coach who likes the players to go all-in with the offense. It would not be a good idea to put your bets under.
And you can only make the right decision when you know how teams play. What is in their mind when they set foot on the field. At the end of the day, research pays off more than anything else in sports betting in Canada.
Utilize Live Betting
If the match you are going for allows live betting, go for it with your eyes closed. Over under betting becomes the most efficient when you can tweak your selections in real-time. Live betting allows you to break down the game into different segments. And for each segment, your bets may change from over to under and vice versa.
The research you did beforehand will come in handy for live betting as well. When you know all about the teams, you can make a pretty good assumption of how the match is going to unfold. It is not rocket science at all! You can then take your storybook and match it with the real even to fine-tune your bet slip.
football live betiing
Over Under Betting Example
What is the better way to understand something than an example? Yes, you are absolutely right. Nothing! So, from what you have learned so far, let us take a look at a detailed example to explain over under betting a little bit better.
If we take a match between Olier and Sabres from the NHL, it would be easier for you to understand. For any specific bookmaker, let us assume the specified threshold by the bookmaker is -115 for 6.0 over and -105 for 6.0 Under.
All of the information is accessible to you before the event takes place. Your job is the understand your stakes and compile your bet slip.
So, if you place a C$100 wager on over, you should root for the total score of the match to be 6.0 or more. Only then, you win your bet at a -115 payout. For your C$100 bet, you can make a net profit of C$86.96. So, your total payout would be C$186.96.
Similarly, if you wagered it on under, you would make a profit of $95.24 at -105 odds! As you can see, over under betting is solely dependent on the total score of the match rather than who wins.
Pros/Cons
By now, you must have a clear understanding of how over under betting works, right? If your answer is yes, we can move forward to the next section where we look at the pros and cons of this bet. If your answer is no, we humbly request you to read it again.
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Odds
The concept of odds is quite simple in over under betting. And it is good for you because we know a lot of you fear the complexity of sports betting odds.
In conventional bets like the outrights, handicaps, or arbitrage betting, there are different odds for different teams. That is not the case with over under bets. Rather than placing odds on the teams, bookmakers offer odds on the outcomes. In this case, over and under.
Many bookmakers offer the same odds for both over and under. -115 is a standard odd for over under betting. Keep in mind that it can vary from bookmaker to bookmaker. And the odds may be different for over and under respectively.
Over Under Betting Offers and Promotions
As punters, we love all kinds of bonuses and promotions. And we know you do too. As for over under bets, it is very unlikely that you would find a bonus offer. Then again, the scope of sports betting promotions changes very often.
Some bookmakers may offer bonuses if you win an over under bet. Some might exclude you from bonuses if you participate in such a kind of betting. You might also find promotions that specifically target over under betting. It all depends on the bookmaker in question.
What are the Alternatives to Over Under Betting?
If you are not willing to take the risk of losing all your money with over under bets or you despise doing research, we might have something for you. Let us look at some of the alternatives you can turn to.
Arbitrage Betting
It is an advanced betting strategy that veteran punters use to make consistent profits. It refers to placing the same bets on opposing teams at two different bookmakers. The concept is a little complex and a lot of math goes behind a successful arbitrage bet, but it is worthwhile if making money is your primary goal.
You can also combine over under betting and arbitrage betting for maximum payouts. Suppose, you placed a bet at Betway Canada on over and place the same wager on under at Bet365. Whichever one of your bets pays off, you do not lose any money. And if the odds are right, you can make a good profit as well.
Outrights
Outrights are the simplest kind of bets. They are also known as moneyline bets. In an outright bet, you place your money on any of the team or player to win the match. There is nothing else to consider here. You either win or you lose.
The simplicity of the outrights makes it a prime choice among punters like you.
Live Betting
We have already covered a little about live betting. When you combine live betting with over under betting, it gives you a unique opportunity to maximize your profits. But if you are not willing to take your chances with over under bets, you can go solely based on live betting as well.
Just make sure that you are getting a good look at odds and keep your eyes open when an event is taking place.
System Betting
We love system betting. It is more like a scientific approach toward completely random events. And that is the beauty of it.
Martingale System, Fibonacci pattern, the Kelly Criterion, etc. are amazing system betting opportunities for punters, including you.
Responsible Gambling
However you want to pursue your passion for sports betting, you should always be responsible. Gambling is restricted in many countries around the world and there is a good reason behind it. So, do not let your spendings go out of hand!
You can start with managing your bankroll and time. Specify a limited budget for your sports betting needs and stop when it is all spent. Do not make the mistake of chasing the losses because it may end badly for you.
Recap of Over Under Betting
If you have a soft corner for sports betting, over under bets are bound to take it to the next level. The thrill of enjoying the game without worrying about the outcome is not something you see every day.
The bottom line is if you want to make some hefty profits without pulling your hairs over who is going to win, over under betting might be the perfect choice for you. Get started with the bookmakers we recommend to fully enjoy sports betting in Canada.