"What is the over-under bet?" - Sports betting has become prevalent today, with a wide range of terminology when analyzing odds. In order to provide more knowledge for readers about the definition of over-under odds, it is important to analyze odds to increase the chances of winning, and to refer to the basic concepts below from Wintips.
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What is Over Under Bet?
"Over Under Bet" is a common concept in live football betting. In simpler terms, it is the odds set by bookmakers between two competing teams.
"Over" refers to the teams that are considered stronger and more renowned. Teams labeled as "over" typically have a strong track record, a higher number of skilled players, and an overall superior performance compared to the opposing team. Generally, "over" teams are displayed in red, representing higher betting odds.
Conversely, the pure "under" odds belong to teams with lower expectations and a higher likelihood of losing. "Under" teams are the underdogs, often chosen as the secondary option and displayed in colors such as green, gray, or black.
Common Handicap Odds in Betting
Understanding the rules of football will give you a broader perspective and make it easier to follow the match. Here are some common handicap odds you might encounter when betting.
Draw bet - 0-0 Handicap (0 - 0)
The draw bet is used when the two teams are evenly matched, with no significant difference in strength. Therefore, a 0-0 handicap means that the goal-scoring odds for both teams are equal, similar to a draw with a 1-1 or 2-2 score. Depending on whether you bet on the over or under, you win money if your chosen outcome is correct, and you get your bet back in case of a draw.
¼ Handicap - 0.25 Bet
This situation occurs when the "over" team is given a 0.25 handicap against the "under" team. So, if you bet on the "over" and the "over" team wins, you win, and if they draw, you lose half of your wager. The remaining amount naturally goes to those who bet on the "under."
½ Handicap - Half a Ball Handicap
Similar to the ¼ handicap, the half a ball handicap is designed for the "over" team, which is highly confident in their ability to score goals and is given an advantage over the "under" team in the first half of the match. In this type of bet, if the "over" team wins by a margin of two goals or more, you win your bet; otherwise, you lose. If the match ends in a draw, the winnings will go to the "under" team. If the "over" team wins by only one goal, this is considered a half-win for the "over" bettors. It's important to note that this bet does not result in a refund from the bookmaker in the event of a draw.
Handicap 1 - Handicap 1
In the case of handicap betting with a 1-goal handicap, the bet is considered a push (or void) if the team with the handicap wins by a one-goal margin, and the bookmaker will refund the wager. To win the bet, the team with the handicap must win by a margin of two goals or more, and if they lose or win by a one-goal margin, the bet is lost, and you might even lose more than your initial wager.
Similarly, there are other handicaps like 1.25, 1.75, draw 2, handicap 2, 3, etc., which are settled based on the same principles as mentioned above. However, there are some draw bets that are not refunded, as previously mentioned. To get more specific details, you need to refer to the rules of the bookmaker you choose to bet with.
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Some Tips for Betting on Handicaps
Having a good understanding of handicap betting rules and soccer knowledge can be a significant advantage when placing bets. Here are some common tips for betting on handicaps:
Analyze Handicaps Based on the Odds
The odds will display the betting lines for both teams clearly and specifically. In seasons where teams have relatively equal strengths or similar win ratios, betting on the handicap can be safer and more comfortable. In such cases, if you want to secure a win, you can consider factors such as the coach, the venue, recent performance, and the team's lineup before placing your bet.
Research Bookmakers
Choosing a reputable bookmaker is crucial to ensure the safety of your bets. Before the match, you should thoroughly research the match details through the bookmaker, and even after deciding where to place your money, you should conduct further research before transferring your funds.
Key Points from Experienced Bettors
To make handicap betting easier, here are some reminders to give you peace of mind when placing bets:
Carefully read the odds and learn about them before placing your bets.
Regularly check betting parameters.
Understand key handicap concepts such as Asian handicaps, 1-goal handicaps, etc.
When deciding whether to bet on the team with the handicap or the underdog, consider the venue.
If the handicap is ½ or a 'draw no bet,' it is advisable to choose the team with the handicap about 30 minutes before the match. If the odds for the away team increase, consider betting on the away team.
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'Handicap on the over and under' is used in live soccer betting. With the information above, understanding handicap betting becomes more straightforward for beginners. So why hesitate? Start following Wintips to learn more techniques in the world of sports betting.
