In Sports Betting

Sports Betting Odds Explained - Most are completely confused when looking at betting lines for the first time. Loot explains what all the plus and minus signs signify and more! Vigorish Explained - There is a misconception in sports betting that one only has to hit 50% of their bets to break even. Sometimes we forget about the house edge. The Sports Wagering and Paid Fantasy Sports Division is responsible for administering and regulating sports wagering and paid fantasy sports in Indiana. Paid fantasy sports was established by Senate Enrolled Act 339-2016 and is contained within Indiana Code § 4-33-24. Sports Wagering is established.

• Online Sports Betting In Michigan
• What Does Minus Mean In Sports Betting
• In Sports Betting What Is A Round Robin

December was Indiana’s fourth-straight record month for sports betting. Hoosiers wagered over $313 million on sports throughout the month. That was a nice increase from November’s $251 million haul. As expected, football betting and its $101 million handle did a lot of the heavy lifting. However, basketball betting. What does 'plus' and 'minus' mean as a sports betting term? Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to. Online sports betting apps didn’t immediately hit the market in NJ when bookmakers first opened their doors for business. After entering a partnership with Resorts Casino, DraftKings was the first to launch an NJ sports betting mobile app for Android and Apple users. Having the only New Jersey betting app put them in an enviable position.

Online Sports Betting In Michigan

While not as popular as betting against the point spread in sports gambling, betting the “over/under” isn’t that far behind. Sometimes you may see this as O/U, over-under, over under or simply referred to as “the over” or “the under.”

What does over under mean in betting?

Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Sports like baseball and hockey offer over/under options, but the vast majority of bets on those sports in based on the established “money line” to pick a winner at a set price.

Unlike a point spread bet in which you are aligning yourself with one team, you’re betting on both teams – either their offenses or the defenses – when betting the over/under. Sports books set over/under scores on games based upon numerous factors.

In the NFL, most over/under scores are set in the low-to-mid 40s.In college football, over/under scores are usually in the high-40 to low 50s – in the Big 12, the land that defense forgot, it can hit the 60s.In the NBA, a typical over/under tends to hover in the 210 range. In college basketball, a standard over/under is between 140 and 155.

The hidden factors that come into play in determining a point spread vary by sport, but have common themes. Recent team history is a primary factor that sports books like to exploit. Sports by their nature are a reflective business based on developing trends from previous games (“getting on a roll”) and, if a football team has scored 40-plus points in three straight games, the over/under is going to be higher because sports bettors tend to believe that trends are going to continue. It’s human nature…until they don’t.

If a critical player – a quarterback in football or a dominant scorer in basketball – is out or playing injured, the over/under will drop.

What Does Minus Mean In Sports Betting

Other factors critical in setting the over/under number include weather (where applicable), an undefinable history between teams (you know Steelers-Ravens games are going to be physical bloodbaths) and injuries that may not jump out to casual fans that mean a lot sports books are all factors that go into creating and setting an over/under line that will draw an even number of fans to both sides of the number.

The key to betting the over/under is to look at a slate of games without knowing what the over/under is and set what you believe it should be based on your knowledge of those two teams. The ones that differ the most from what you think should be are the ones to place your bets on.

In Sports Betting What Is A Round Robin

One final note that has been a mantra of those who bet the over/under with some consistency – every game is under until it goes over.

If you’re new to sports betting, start with picking and choosing games you’re convinced should go under and get an understanding of how late-game fireworks can botch your plans.