In sports betting, money-back bonuses and promotions with free bets are common. When a sportsbook offers these promotions, it typically means the betting site is trying to attract more sports fans and engage them into placing bets. But what does ‘under 2′ actually mean?
‘Under 2’ means the betting match will be decided by the outcome of the next event. So if the second event is a coin toss or a push of a button, the first event will have some effect on the eventual winner.
This is different from, say, a straight up or double-up bet. With those, the first two or more events have no bearing on the eventual winner (with the exception of pre-defined event outcomes like ‘homers’ versus ‘walk-offs’, or ‘cancellations’).
Because ‘under 2′ means the winning side will not be determined until the next event, it’s considered a ‘progressive wager’. The bettor is not guaranteed to win, but he’s more likely to than if he’d backed the opposite team or placed a traditional wager.
The ‘under 2′ concept was popularized by the poker website, 888poker. When you play online poker, you’ll often see this format referred to as a ‘Hold’em’ match. In case you’re curious, ‘hold’em’ is short for HIGH-FUND ACTIVE (HFA), which is a play on words with the poker term ‘High-Stakes Active’.
Why Do They Use This Betting Format?
As just stated, ‘under 2′ is used to indicate a ‘progressive’ wager. But why do sportsbooks prefer this betting format? Let’s examine a few of the reasons.
First, it’s considered a safe wager. If you’ve never placed a bet on an NFL game and the line is at 50 bucks say, you might be tempted to jump in. After all, the betting line is the same across the board, and it looks like a sure thing. But safe bets are boring, and that’s why sportsbooks want to experiment with different wager types. Besides, there’s always the possibility the bettor will lose his entire stake.
A safer bet for the sportsbooks is an ‘exotic wager’, which is one that’s bundled with an amount of wagering and has a heightened degree of unpredictability. For example, take the over/under 2 match. With traditional bets, if the first event is a push of a button, the second event will have no effect on the eventual winner. But with exotic wagers, the second event can significantly impact the outcome. For instance, if the first event is a basketball game that ends in a tie, but the second event is a football game that ends in a win for the home team, the original winner will not be determined. In that case, the sportsbook will refund your stake (minus a small commission, of course).
Second, ‘under 2′ enables the bookmaker to offer more lucrative sign-up bonuses and promotions. As a general rule, the longer the lag time between events, the higher the odds on the wager. For instance, you might see a sign up bonus for the over/under 2 event that’s equivalent to 100 percent of your initial deposit. But the catch is, you have to wager a certain amount before the end of the month, and you have to make at least 10 bets within 30 days of registering with the bookmaker. In the case of the over/under 2 bet, if the events are held more than 30 days apart, you will not be able to take advantage of the bonus.
What Is The Usual Lifecycle Of A ‘Under 2′ Wager?
Let’s say you’ve decided to try your hand at betting games, but you’re new to the exciting world of sports. To build up your bankroll, you decided to take on some ‘under 2′ bets. But how does one actually place a wager of this type?
Let’s break it down:
1. First, you need to identify the next event. In the case of the over/under 2 bet, it’s usually one of the four major sports (baseball, basketball, football, or ice hockey). If you’re really new to betting, you might want to start with some simple bets on the NFL or College Football games. You can also use this strategy to get a feel for how betting works and to test your knowledge of the games. Once you are familiar with the basics of betting, you can move on to the more complicated wagers.
2. Once you’ve identified the next event, you need to decide which team you think will win. If you’ve followed all the instructions up to this point, you should be well on your way to building a bankroll. The next step is to make a deposit at the sportsbook and verify your email address. After which, you can immediately begin making wagers on the events you identified in Step 1.
3. Now that you’re ready to wager, it’s time to decide how much you’ll wager. As we mentioned above, the longer the lag time between events, the higher the odds on the wager. In most situations, you’ll want to put up a 25 percent of the line. For example, if you’re going against the spread in the NBA, you might want to bet $100 on the Celtics and $75 on the Lakers. In the NHL, you’d most likely want to bet on the Blues and the Blackhawks.
As for the format of the wager, in most cases it will be in the form of a percentage of the spread. The exception is in cases where the spread is the same for both teams. In those situations, you will want to bet the money line. Another important factor to consider is the amount of action required. If the amount of action is high (meaning there are a lot of bets on the table), you will want to go with a lower percentage of the spread. This reduces the amount of money you’ll need to wager to obtain the desired profit. For example, if you’re using a 25 percent bet on the Lakers, you’ll need to wager $75 to obtain $100 profit, but if you use a 5 percent bet, you’ll need to wager $100 to obtain the same $100 profit.
As for when to cash out, if you followed all the steps and used the correct strategy, you shouldn’t have any problems cashing out. Just keep in mind there will be a small processing fee (usually around 10 percent).