What Does Betting Over Under Mean?

The act of placing a wager or a bet on the outcome of a sporting event is called betting. When people place bets on sporting events, they are usually looking to bet on the outcome of the game. However, there is a more specific type of bet that people are making that goes by the name betting over under. What is it that people are betting over under? Let’s examine the meaning of this particular type of wager.

The Basics Of Over Under Betting

The over under wager is a combination of the above-mentioned standard wager and props betting. In the case of props betting, people are usually looking for something that is associated with an event but has no actual impact on the outcome of the game. One of the most popular types of props used in over under betting is the under/over or total number of runs. For example, if someone is playing the sports of cricket or baseball, they might be interested in betting on the number of runs that will be scored by each team in a single innings. In both cases, the runs scored by each team is not determined by the skill of the players, but by the number of balls faced by each team in a particular innings. The number of balls faced is then multiplied by the number of runs that each ball will be worth (typically it is runs, but it could be anything). For example, in cricket a single run is worth six balls, while in baseball it is only worth one ball. After the above-mentioned multiplication process, the total number of runs for each team will be revealed and the bets can be settled. The process is similar for other types of props such as the total number of field goals made, and the total number of hit by pitches.

What Does Over Under Mean?

The phrase over under simply means that one team has won before the end of the ball game. For example, if the baseball game has been played in a day and a half and the winning team’s score is above the under or even number, the team that placed the bet will win. But if the under score wins, the bettors will lose their money although they might still have some fun.

As mentioned, one of the most popular types of wins that one can track with over under betting is the total number of runs scored in an inning. If the number of runs is over the under number, the bettors will win an amount of money that is proportional to the amount of money wagered on the game. In the case of a baseball game with the above-mentioned scenario, the winning bettors would win approximately 3.25 times the amount they wagered (2.25 for the over and 1 for the under).

Types Of Over Under Bets

There are three types of over under bets: exact, half and quarter. With the above-mentioned scenarios, the exact bet is worth the exact amount bet while the other two are worth half or quarter of that amount.

The exact bet is the most popular type of over under bet as it provides the bettors with the most amount of security. In the case of the baseball game with the above-mentioned scenario, the exact bet would win 2.25 times the amount bet while the half and quarter bets would win only 1 time the amount bet. The quarter bet is the least secure of the three as it will win only 25% of the amount wagered. Since it is the least secure of the three, it is typically only made by experienced or professional bettors. The fact that it is the least secure type of over under bet makes it more attractive to bettors since its winnings are relatively high compared to the other two types. In some places, where legal constraints do not allow for professional or exact bets, the half and quarter bets are considered to be the equivalents of the exact bet.

When Do You Have To Bet On Over Under Bets?

In the case of the baseball game with the above-mentioned scenario, you have to make the above-mentioned bets before the end of the game. There are no exceptions to this rule, including rainouts or games that go past the allotted time. One of the reasons that over under bets are so popular is because they can be made at any time during the game. If you are looking for an interesting wager then this is the type of bet for you, as long as you adhere to the basic guidelines set by the bookmakers.