There are several primary markets that just about every sportsbook is going to offer. One of them is the over/under, which is also often referred to on websites as the total. The over/under is a market that is easy and fun for bettors, with a simple outcome.
To break it down once more, the over/under or total is a line created to represent the total projected amount of points, goals, or runs in a sporting event. This is between both teams combined, not just one, as that is a separate market. Bettors can bet the over, meaning the final score of the game will be more than the line, or the under, meaning the final score of the game will be less.
An over/under bet cashes if you correctly pick whether that total score will be more or less than the projected line. This makes it a very direct bet with a simple outcome that anyone can understand.
Let’s look at a quick over/under betting example. Let’s say you wanted to do some NHL betting. You head to your favorite sportsbooks and check the options. If the Toronto Maple Leafs are playing the Vancouver Canucks, the line for that game’s over/under or total might bet 6.5. In games with higher scoring teams, the line will be higher. You could pick the over or the under. If the final score of the game is 5-3, then the over cashes. If it is 3-2, then the under cashes.
What makes it so popular
The reason for the popularity of over/under betting is that it is simple and fun. You won’t often find seasoned gamblers asking how does over/under betting work because it is one of the markets that is easiest to learn and have a full grasp of.
It is also a fun market to follow along with while you are watching a game. It isn’t like a player prop, where you have to focus intensely to understand what is going on. Bettors can track the over/under with ease throughout.
It is also a market where it is easy to find value, and payouts are simple to understand. Often, each line of an over/under will have very similar odds, typically at around -110 for most sportsbooks. This makes it easy to understand and easy to find a bet where you can hit at almost the same amount of money you put in.