The odds may be in your favor, but they’re not always what they seem. The term ‘under 1.5′ when used in betting and gaming can mean a number of things, and it’s up to you to know what they are.
When Is The ‘Under 1.5′ Range In Use?
The under 1.5 range is primarily used when comparing the odds on two or more events that could occur simultaneously or within a short time frame of each other. For example, if you were to place a bet on the Toronto Blue Jays to win the World Series this year, you would be using the under 1.5 range, as you want to make sure that the payout is fair in case they do win the World Series and it goes over 1.5.
The advantage of utilizing the under 1.5 range is that it provides you with a more precise prediction of the results of your bet. If you were to use the whole number 1.5 as the upper limit of the odds, you may be tempted to run the risk of the Blue Jays not making it to the World Series at all, as it could possibly go over 1.5.
Why Are The Odds In A Narrow Range?
The odds for any given event rarely, if ever, fall within one single continuous numerical range. For example, take a look at the World Series odds from 4:1 to be the closest to achieving perfection. If you multiply 4 by 1.5 you get 6, which is the closest you’ll ever get to getting an exact payout (or payment back) on a World Series wager.
In fact, you’ll rarely find odds that fall within an exact mathematical range. For instance, take the Australian Football League Grand Final between Richmond and Brisbane. The betting markets have Richmond as a slight 4.5-point favorite, which you might assume would result in a fairly even match. But in reality, it’s closer to a 120-point win for Richmond. Similarly, there are over/under records in virtually all sports, including the most recent Super Bowl, in which the New England Patriots defeated the Atlanta Falcons by a score of 47 to 21. The over/under in this case is 54 points.
In all of these instances, using the under 1.5 range offers the advantage of more precise odds analysis. With exact predictions out of the question, you can still rely on statistics and the odds to give you an educated guess at the outcome of an event.
Defining The Under 1.5 Margin Of Error
‘Error margin’ is the term used when referring to the amount of uncertainty that exists around the exact result of a game, match, or contest. For example, say the Toronto Blue Jays and the New York Yankees were to play a game on October 31st, 2019. Based on past games between the two teams, the error margin for that game would be set at +/- 2.5. This means that you can’t determine with any degree of certainty which team will win the game, but you can assume it will be somewhere within that 2.5 margin of error.
It is important to note that the error margin is not the same as the tolerance or the spread of the betting line. The former is applied to the game itself, while the latter is used to define the betting odds. For example, if you had the Toronto Blue Jays at 8/1 and the New York Yankees at 6/1 in terms of betting odds, the error margin for that game would be +/- 2.5 (8/1 – 6/1). In this instance, you could say that there is a relatively small error margin, as both teams are well within their expected performance ranges based on their recent past results.
What Is The Difference Between Under 1.5 And Over 1.5?
If the odds are in favor of your team, you’re going to want to place a wager on them. But, if the betting lines are against you, the smart thing to do would be to fold your hands and take a walk away. Under 1.5 is often applied when the odds for two or more events are fairly close together, as was the case with the previous examples, in which the error margins for the games were +/- 2.5.
There are two main reasons why you might want to avoid using the over 1.5 range. The first is that it provides more precise predictions of the outcomes of your wagers. Second, the over 1.5 range implies a certain degree of certainty that your chosen team will win (assuming they are in fact favored by the odds), which can lead to bigger payouts if they do in fact win. The flip side is that the under 1.5 range provides you with the ability to hedge your bets if you’re not feeling particularly confident about the outcome of your wagers.
As long as you do your research and know exactly what you’re getting into, betting within the under 1.5 range is a relatively safe and secure option. Just make sure that you don’t bet against your own team when you’re using this range, as this can increase the likelihood of getting stuck with a losing proposition. Otherwise, everything else being equal, you’ll likely be kicking yourself later on when you learn that the game went the other way. Don’t be afraid to experiment with different betting ranges when there is a key game or event coming up, especially if you’re finding that certain odds are trending in one direction or the other.
When Should You Use The Under 1.5 Range?
While there are clear advantages to using the under 1.5 range, this is not a fixed rule that you must follow. Instead, it depends on your specific situation and the type of event that you are betting on. If you want to place safe and secure wagers, it’s usually best to use the under 1.5 range in conjunction with statistics and analysis of the game or event you’re betting on.
For instance, if you’re placing a bet on baseball, using the under 1.5 range can be a great way to ensure that your chances of winning are accurately reflected in your wager. If you suspect that the baseball world series odds are going to start trending in one direction or the other, or if you’ve noticed that a team you are interested in betting on is heavily favored by the books, it might be a good idea to take a closer look at what’s going on.