What Does Total Mean In Betting

Much like in baseball where the traditionalists complain that the new wave of players are taking over and disrespecting the game, sports betting is slowly becoming geared to the younger generation of players. The demand for quick results and instant gratification have taken the sportsbooks by storm and sportsbook have replied by offering up more and more obscure bets. However, one of the simplest forms of betting has remained the same and that is betting the “total” for a particular game or event.

A total or over/under bet is a single wager on whether or not the combined goal, point or run total of a single game will be over or under what the oddsmaker sets it at before the event. When placing a total wager, all the bettor is concerned with is the combined score of each team at the end of the game.

What Does Total Mean?

1. Boxing Betting – The Money Line. There are three possible outcomes in any bout, and that is either boxer to win, or the fight to end in a draw. In the money line market, you’re betting on which one of the three will happen. Here is an example: Floyd Mayweather Jr -500. Conor McGregor -400.
2. Jan 27, 2021 One or two points can mean a world of difference when wagering on pro football spreads. Of course there is also risk involved in betting on a game more than 10 days in advance. A lot can change over the course of two weeks, including key players possibly being ruled out of the Super Bowl.
3. The casino may choose to do this to encourage more betting for a certain team or point total. Things like this happen because a sportsbook wants to reduce risk to guarantee a profit. When incoming betting shows an imbalance of public opinion (or if a whale decides to make a big splash) the casino will do whatever they can to tip the scales back.
4. If you’re getting 3:1, or 3 to 1, it means for every dollar you wager, you can win 3. So if you bet $10 and lose, you lose $10, but if you win, you win $30. As someone else has explained, this is an expression of someone’s impression of the probab.

What Does Accrued Total Mean In Betting

If you hear the phrase “total” being talking about during a sports betting discussion, it is referring to a betting option where the bettor is predicting the number of runs/goals/points scored by the two teams combined. The two options a bettor has is to bet “over” the total, or “under” the total.In order to understand how the “over/under” works, you must first understand what betting on totals entails.

To keep it short and sweet, linemakers set a total for the number of points they think the two teams will combine to score in a particular game. Bettors then have two betting options to choose from – the “over” or the “under”. Taking the “over” means you think that both teams will combine for more than the linemakers posted total, while taking the “under” is the exact opposite.

When setting these totals, sportsbooks try to set a line that gets balanced action. They hope half the bettors think the line is too high, while the other half think the line is too low. If they can accomplish this, they can make a profit without any risk to them.

The concept is straightforward but throwing in an example never hurt. Let’s say you are looking at a hockey game between the Red Wings andLightning and the linemakers set the total at 5.5 goals. If the teams combine for six or more goals, any bet on the “over” would be graded as a winner. If there are five or fewer goals scored, “under” bettors would be the ones celebrating a winning bet.

Different Types of Total Bets

Almost every single sport available for wagering will have a posted total that you can choose to bet on. In it’s simplest form, bettors typically choose to wager on the “over/under” for the entire game. This does not mean that it’s the only option available.

Sportsbooks give bettors the opportunity to wager on the “over/under” for half time “totals”, team “totals”, individual performance “totals” and future bets. To keep it simple, I will use the Red Wings and Lightning example to explain each of these options.

Some sportsbooks offer a 1.5 goal total for each period. This means you can wager on the “over/under” for each period. If you are playing team totals, the Red Wings may have a team total of 2.5 goalsin which case you would have to choose either the “over” or “under”. There are also individual performance totals available, such as the number saves a goalie will make or the number of shots on net a certain player will have. And lastly, if you decide to lay a future bet down on the “over/under” you will likely be betting how many games a particular team will win over the course of the season.

Betting Strategies for Totals

Just like any betting option, you will come across a totals opportunity every once in a while, that is just screaming out at you to bet it. These are the opportunities that you need to capitalize on in order to be a successful handicapper over an extended period of time.

Betting strategies surrounding the total often time revolve around the weather in a particular matchup. In football, if it’s snowing or raining profusely, the “total” could be effected which is why the “under” may be worth looking into further. Now, I’m not telling you to bet every game that has snow or rain “under” the total. I’m telling you to do your research and understand that snow and rain effect all aspects of the game and could take away the part of the game a team has success in (think pass-happy team playing in snow storm – probably won’t be the greatest result).

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Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand.

The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren’t created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game. In a way, the point spread will even the field for both teams.

What Does Total Mean In Betting Mean

The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread.

The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. The underdog in a game is listed as being plus (+) the point spread.

Let’s use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.

Using this example, the Chiefs were 3-point favorites over the Buccaneers. The Chiefs needed to win by 4 or more points to cover the spread.

Likewise, the Buccaneers were 3-point underdogs. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. At Chiefs -3, if they won by exactly 3 points, the betting result would have been a “push” and bettors for both sides would have gotten their wagers refunded.

The Buccaneers pulled off the upset, winning by a score of 31-9, and rewarded bettors who backed them at +3.

Point spread betting odds

Point spreads are usually set with -110 odds, but pricing often fluctuates at online sportsbooks. This is the sportsbook operators’ house edge. The odds guarantee the sportsbook operator will see a little money over time. When the odds are set at -110, the bettor must wager $110 to win $100 (or $11 to win $10).

The odds on a point spread are most commonly known as the vigorish or “vig” for the sportsbook. You might hear this small profit margin for the sportsbook called the “juice” by some sports bettors.

Point spread FAQs

What does ‘pick em’ or ‘pick’ mean in NFL betting?

A “pick em” (sometimes seen as “pick”) is when the teams have a point spread of zero, meaning neither team is favored. In this instance, you’re essentially picking moneyline and your bet will be determined on the winner alone.

What Does Total Mean In Betting Results

What does -7 and +7 mean in NFL betting?

A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded.

A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push.

Nba Totals Betting System

What does -3 and +3 mean in NFL betting?

A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager.

A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.

Why are point spreads in the NFL so much lower than in college?

In 2019, the Baltimore Ravens led the NFL in point differential per game at +13.7 points; the Miami Dolphins ranked last in the NFL in point differential per game at -11.7. Even Kansas City– known for their explosive offense– had an average point differential in 2019 of just 9.7 points. The net point differential in the NFL is -14.1, or -0.9 points per game. Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.

NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around 15-20 point favors. (For those wondering, the 1941 Chicago Bears hold the NFL record of point differential at +15.7 points per game. Conversely, Ohio State had a +33.1 average point differential in 2019.)

Point spread and odds movement

Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make.

In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.

For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from -112 to -115 and -120 before the line moves to -3.5.

Run and puck lines

Football and basketball games are mostly bet using a point spread. The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively.

These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting. Since points (runs and goals) aren’t as easy to come by in baseball and hockey, the odds with the lines may have a wider spread than a football or basketball game.