Over under bets can be taken on various events from sports to politics. Over under betting is one of the most simple forms of betting. This post will provide a short summary of what over and under bets exist and will use football betting to describe the mechanics of an over under bet.
Over under betting is a general term where a punter has a simple choice of deciding if an outcome will be more or less than the bookmaker’s prediction. Think sports; from the Premier League to the Ashes; financial markets from the FTSE 100 to the Dow Jones; and politics, from votes for the Mayor of London to who will win the next general election.
Football over under betting
Let’s use football as an example of over under betting. A game of football will produce goals, corners and bookings.
Goal over under betting
On average football games tend to produce around 2 goal per game. Bookmakers know this because they have data from lots of football games. Although, football in different countries or leagues can produce different results. Premiership football tends to be more attacking in nature and produces more goals (at the moment at least) than the Champions league.
Bookmakers normally offer a prediction of 2.5 goals. Half a goal has never been scored to date, so it might look a bit strange to someone not accustomed to over under betting. The 0.5 of a goal is used to show the bet is for two goals or less, and, 3 goals or more.
Corner over under betting
An attacking team will tend to win more corners teams that are weak in defense. If a team is not very good defensively they will concede more corners. Bookmakers know that on average a football game will produce around 10 corners. The punter needs to decide whether the team playing is capable of producing more or less corners than the bookies prediction. An over under corner prediction is normally 11, however some bookmakers will say 10. A betting exchange like Betfair would normally offer more of a choice. For example, people can choose from more or less than 9 corners, 10 to 11 corners and 13 or more corners.
Bookings points over under betting
Red and yellow cards are assigned a number of points.
A yellow card = 10 points
A red card = 25 points
Not all bookies present bookings in the same way but it’s easy to understand. For example, Bet 365 say a yellow card equals 1 card and a red card equal 2 cards. The idea is the same. The bookmaker makes a prediction and people can bet over or under the prediction. Normally odds are offered on total bookings points and the prediction is normally over or under 35 points or 3.5 cards.
In summary any bookmaker will have under over markets. Compare betting odds to find the best odds for your sport. After visiting the bookmakers website find the sport and look for under over markets. It’s a great way to test your knowledge of sport or just to try and outsmart a bookmaker.