In last 2 years, there has been a growing trend of betting on sports in Arizona. This is largely due to the increasing popularity of online sportsbooks, which make it easy for bettors to place wagers from the comfort of their own homes. More betting markets are introduced like more complex versions of parlay betting and futures.
However, the traditional model of sports betting has remained relatively unchanged and the simple betting markets remain to be popular with bettors, whether retail or online, just like total betting.
Best Sportsbooks for Over/Under Betting in Arizona
What is Over/Under Betting in Sports?
Over/under betting is one of the most popular ways to bet on sports. This is also known as over/under betting, where the sportsbook will set a total number of points, goals, or runs to be scored in a game, and bettors will wager on whether the actual number will be higher or lower.
This type of bet can be applied to any sport, including football, baseball, basketball, hockey, and more. In each case, top sportsbooks like Fanduel, BetMGM, and Caesars will set a total number of points that they expect to be scored in the game by both teams combined.
How does Over/Under Betting Work?
If you are new to sports betting, over/under bets are a great way to get started. They are simple to understand and easy to place, and they can be found in the sportsbook for almost any sport.
For example, let’s say that the over/under for the Cardinals‘ game is set at 48 points. If you bet the over, you are predicting that the two teams will combine to score more than 48 points. If you bet the under, you are predicting that the two teams will score fewer than 48 points. Over/under bets can be placed on any sport, and they are often used in conjunction with point spread bets.
In some cases, you might see a decimal point instead of a half point. For example, an over/under might be listed as 41.5 points, or it might be listed as 41.0 points. In this case, the over would still win if the final score was 42 or more points, but the under would only need 41 points or less to win. This will avoid a “push” where there will be no winning bet.
Over/under bets can also be parlayed with other types of bets, like point spread bets, moneyline bets, or even other over/under bets. This can increase the potential payout of the bet, but it also increases the risk.
Now that we’ve covered the basics of over/under betting, let’s take a look at some specific examples.
Over/Under Betting Examples
Here are a few examples of over/under bets that you might see in the sportsbook:
- The over/under for a football game is 48.5 points.
- The over/under for a basketball game is 200.5 points.
- The over/under for a baseball game is 7.5 runs.
As you can see, the over/under can be set for any sport, and the amount can vary depending on the sport and the matchup.
Factors That Affect Over/Under Betting Odds?
Several factors affect the over/under-betting line set by sportsbooks. One of the most important is the weather. If the forecast is for rain, then the total number of points scored is likely to be lower than if the weather is fair, especially in MLB betting lines.
Another important factor is the quality of the teams playing. if both teams are heavily relying on their offense, the betting line may be significantly higher than usual, on the other hand, if both teams are concentrating on defense, the betting line is expected to be below average.
News and other reports may also affect the betting line. The Injury reports, for instance, may shake the line as the offense and defense capabilities of teams may be affected by the absence of certain players.
The over/under-betting line is also affected by the type of game being played. For example, football games tend to have a higher over/under than baseball games. This is because football games are typically higher-scoring than baseball games.
Finally, public opinion can also play a role in setting the over/under the betting line. If there is a lot of interest in a particular game, then the sportsbook may set a higher total to try and attract more betting action.
Explain “Juice” in Over/Under Betting
The Juice in Over/Under betting refers to the commission that sportsbooks charge on losing bets. This is usually around 4% – 10% but can go up as much as 15%.
For example, the total bets look like this:
- Over 223.5 (-110)
- Under: 223.5 (-110)
- if you bet $100 on the Under and lose, then you would have to pay an additional $10 (or 10%) in Juice to the sportsbook. The Juice in Over/Under betting can vary from sportsbook to sportsbook, so it’s important to shop around for the best deal before placing your bet.
Tips Before Placing an Over/Under Wager
If you’re planning on placing an over/under wager on a sporting event, there are a few things you need to keep in mind to give yourself the best chance of winning.
First, make sure you do your research on the teams or athletes involved. Consider factors like recent form, home/away records, injuries, and any other relevant information that could affect the outcome.
While you may not be a fan of doing comprehensive research, it is recommended to at least look for statistics that are related to points per game of teams involved, over/under records, and betting trends. You can find all of this information online with a simple Google search.
Don’t just bet on every single game or match that you come across. Be selective and only bet on the ones that you feel confident about. The more research you do, the easier it will be to make informed and successful bets.
Set a Budget
It is also important to set a budget before placing any wagers. Determine how much money you are willing to lose, and stick to that amount. It is easy to get caught up in the excitement of winning, but it’s important to remember that sports betting is a form of gambling, and should be played responsibly.
If you find that you are regularly losing more money than you can afford to, it might be time to cut back on your betting or take a break altogether.
Shop for Best Odds
It’s also important to shop around for the best odds before placing your bet. Different bookmakers will offer different odds on the same event, so it pays to compare before settling on a bet.
Seek Bonuses and Promotions
Finally, don’t be afraid to take advantage of promotions and bonuses offered by bookmakers. Many times, these offers can give you some extra value on your over/under bets.
For example, a bookmaker may offer a promotion where you can get enhanced odds on an over/under bet if you place it through their mobile app. These kinds of offers can be found all the time, so it’s worth checking out the promotions page of your bookmaker’s website before placing a bet.
By following these tips, you’ll be giving yourself a much better chance of winning when you place an over/under wager.
Understanding how over/under bets work is essential for anyone who wants to get serious about sports betting. By familiarizing yourself with key concepts like lines and juice, you can give yourself a much better chance of success when placing these types of wagers.