Gambling What Does Over Under Mean

What does over under mean as a sports betting term? Over Under refers to the betting line on the total number of a certain statistic usually points.

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  • Surprisingly, the over-under would be one of the easiest bets to make at the sportsbooks, whether online or offline. The over-under is a type of bet for which the bookmaker attempts to predict an exact sport statistic for a given game and the bettors would then in turn try to guess whether the statistic would be higher (over) or lower (under).
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Vig or Vigorish

- The bookmaker's commission. Also known as the 'juice' which is assumed to be 10% on a losing wager.

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If youre reading this, youre doing very well indeed. Cassie's body lay in a pool of blood, still twitching. 423. Slowly, he died, spewing blood and bile out all over the alter.

Normal time definition for bets

Almost all bet types are based on what is happening in the normal time. For example a football match often includes a couple of minutes added time, making it last more than 90 minutes, which is considered normal time. The normal time however excludes extra time and penalties, which can be played if a game ends in a draw after normal time.

Over under in sports betting

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Hook

- A half point that is added to football or basketball betting lines through buying points. Referred to as buying the 'hook'.

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Some starting poker hands are called by thier nicknames. Nicknames for Poker Hands in Texas Holdem Pocket Rockets; Bullets;

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What does 'doubling down' mean?

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7 Answers Lisa Holtham , Seeker of Truth, Student of Scripture and Ancient Hebrew, Voracious reader Answered 54w ago · Author has 106 answers and 131.2k answer views

“Doubling down” is a gambling term and refers to increasing your risk by doubling your bet instead of letting what you originally bet ride.

In politics, etc., for example, they use the term to describe someone as potentially being foolish by increasing their rhetoric or claims against someone or something rather than letting it go, pulling back or apologizing.

1.5k Views · View Upvoters

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Collette Mak , former Outreach and Scholarly Communications Librarian at University of Notre Dame (2008-2017) Answered 11w ago · Author has 476 answers and 48.4k answer viewsOriginally Answered: What is the meaning of double down?

In common usage it means to become even more emphatic in your position, to become even more extreme in your view. The term comes from the practice in gambling when the dealer gives you the chance to ‘double down’ on your bet; literally to double your bet that you have winning cards.

BTW, if you’re ever in the position to double down at a casino ask yourself—how often does the casino offer you a chance to bet more money when the odds are in YOUR favor? Don’t do it.

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From Wiktionary:

402 Views Alex Musick Answered 57w ago · Author has 662 answers and 3.7m answer views

“Doubling down” is a Blackjack move, wherein the player doubles their existing bet in exchange for taking exactly one more card.

It has come to be used more generally to mean reasserting a statement or idea. For instance, if I say I'll don't support something, going out of my way to hinder those who do would be “doubling down” on the statement.

590 Views · View Upvoters Cecilieaux Bois de Murier , editor for many years Answered 156w ago · Author has 929 answers and 577.2k answer viewsGenerally speaking, it means to reassert something you've said or to insist on a risky course of action that you've taken. The term is from the gambling card game blackjack, when the player seeks to double the bet.1.2k Views Mary Crockford , M.A. English & English Literature, Faulkner University (2017) Answered 54w ago

To double down is to increase one’s dedication and effort to solve a problem, prove a point, or accomplish something.

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Sportsbook

- A company that accepts bets.

What is the definition of 'pk' line?

Modified on: 12/04/18

On some matches you may see the spread expressed as 'Pick' or 'PK'. This is also referred to casually as 'a Pick'Em'.

This means the spread is 0 for each team, no points are in effect.

If you bet on the pk or -0 spread on a team and that team wins the match 1 - 0 (or any other score) your wager is a winner.

If the match ends in a draw wagers on spread 0 (pk) will be refunded.

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  1. ^ '18 USC Ch. 50: GAMBLING' . house.gov .
  2. ^ 'Fifth Circuit ruling' (PDF). www.caselaw.lp.findlaw.com . Archived from the original (PDF) on 2008-07-23.
  3. ^ (Davies, 2001)
  4. ^ Cortis, Dominic (2015). Expected Values and variance in bookmaker payouts: A Theoretical Approach towards setting limits on odds . Journal of Prediction Markets . 1. 9 .
  5. ^ 'N.J. Gov. Chris Christie: 'Let them try to stop us' from sports betting' . Associated Press . May 25, 2012. Retrieved March 16, 2018 – via CBS News .
  6. ^ Fairleigh Dickinson University PublicMind Poll 'US Public: Keep Las Vegas in Las Vegas' press release (March 2010)
  7. ^ ab Fairleigh Dickinson University's PublicMind, (December 19, 2011). A Nation of Bettors? (press release)
  8. ^ Fairleigh Dickinson University's PublicMind, (October 10, 2011). NJ Voters Favor Sports Betting, but not Tax Credits for Meadowlands Developer (press release)
  9. ^ Fairleigh Dickinson University's PublicMind, (April 18, 2011) Odds Favor NJ Referendum on Sports Betting (press release)
  10. ^ Fairleigh Dickinson University's PublicMind, (February 21, 2011). Sports Betting, Sure Thing; Internet Betting, Nyet! (press release)
  11. ^ Fairleigh Dickinson University's PublicMind, (April 20, 2009). Legalized Sports Betting in New Jersey
  12. ^ Fairleigh Dickinson University's PublicMind, (March 11, 2010). US Public: Keep Las Vegas in Las Vegas (press release)
  13. ^ Coffey, Sarah (May 25, 2012). 'N.J. Moves Towards Legal Sports Betting This Fall, in Time for NFL Season' . The National Law Review . Retrieved May 27, 2012.
  14. ^ Rob Tornoe, for NewsWorks (17 August 2012). 'Sports betting should be legal in the Garden State' . Newsworks.org .
  15. ^ Fairleigh Dickinson University's PublicMind, (August 21, 2012). Opinion divided, but majority give the state the green light to allow sports betting in defiance of federal law (press release)
  16. ^ Americans favor legalizing sports betting, poll shows, NJ.com, Nov 2014 http://www.nj.com/politics/index.ssf/2014/11/americans_favor_legalizing_sports_betting_poll_shows.html
  17. ^ New Jersey’s Appeal of Sports Betting Ban Heads to Supreme Court https://www.nytimes.com/2017/06/27/nyregion/new-jerseys-appeal-of-sports-betting-ban-heads-to-supreme-court.html
  18. ^ 'Poll: For first time, majority of Americans approve of legalizing sports betting' .
  19. ^ de Vogue, Ariane; Vazquez, Maegan (May 14, 2018). 'Supreme Court lets states legalize sports gambling' . CNN . Retrieved 2018-05-14.
  20. ^ ab 'Sports Betting to be legalized in New Jersey on Thursday' . SI.com. June 11, 2018. Retrieved June 19, 2018.
  21. ^ Gregg, Katherine (June 19, 2018). 'R.I. Senate committee passes budget bill' . Providence, RI: Providence Journal. Retrieved June 19, 2018.
  22. ^ abc 'How close is my state to legalizing sports betting?' . ESPN.com. June 11, 2018. Retrieved June 19, 2018.
  23. ^ Lehman, Tom (May 31, 2018). 'Delaware to Begin Offering Full-Scale Sports Betting on Tuesday' . Salisbury, MD: WBOC-TV. Retrieved May 31, 2018.
  24. ^ Lehman, Tom (June 5, 2018). 'Delaware Launches Expanded Sports Betting' . Salisbury, MD: WBOC-TV. Retrieved June 5, 2018.
  25. ^ 'Sports Pick - How To Bet Guide' . Delaware Lottery. Retrieved May 31, 2018.
  26. ^ '3 Mississippi Choctaw casinos will be first to offer sports betting' . AL.com. June 14, 2018. Retrieved June 19, 2018.
  27. ^ 'PA Casinos Can Start Applying for Sports Betting Licenses Today' . LegalSportsReports.com. May 31, 2018. Retrieved June 19, 2018.
  28. ^ 'Checking in on West Virginia's Sports Betting plans and launch' . Nationalfootballpost.com. Retrieved June 19, 2018.
  29. ^ 'An uncertain line between fantasy sports, gambling' https://www.bostonglobe.com/sports/2015/08/02/fantasy-games-draw-scrutiny-ban-sports-gambling-blurs/XxWUs2cwrveLvJe8bFt3wI/story.html
  30. ^ 'Legalize and Regulate Sports Betting N.B.A. Commissioner Adam Silver: Allow Gambling on Pro Games', Adam Silver, https://www.nytimes.com/2014/11/14/opinion/nba-commissioner-adam-silver-legalize-sports-betting.html?_r=0
  31. ^ http://www.espn.co.uk/chalk/story/_/id/17892685/the-future-sports-betting-how-sports-betting-legalized-united-states-the-marketplace-look-like
  32. ^ Rob Manfred: MLB rethinking stance on sports betting - http://www.sportingnews.com/mlb/news/mlb-gambling-rules-rob-manfred-reconsider-pete-rose-hall-of-fame/1dctoqm3i8mvi11ltn6toaigmj
  33. ^ 'What’s the NFL’s end game with gambling?', ProFootballTalk, 30 Match 2017 http://profootballtalk.nbcsports.com/2017/03/30/whats-the-nfls-end-game-with-gambling/
  34. ^ 'Adam Silver on sports betting: 'My sense is the law will change http://www.espn.co.uk/chalk/story/_/id/20103500/roger-goodell-adam-silver-rob-manfred-gary-bettman-discuss-prospect-legalized-sports-betting
  35. ^ https://lasvegassun.com/news/2017/jun/12/casino-industry-ramps-up-effort-to-repeal-sports-b/
  36. ^ 'New NBA, MLB Lobbying Doc: 'Sports Leagues Should Be Compensated' . Legal Sports Report . 2018-02-08. Retrieved 2018-02-13.
  37. ^ Finley, 2008
  38. ^ 'Famous Cricket Spot-Fixing and Betting Scandals' . 12 June 2013. Retrieved 22 June 2013.
  39. ^ 'How Hansie Cronje became most infamous villain in cricket's fixing scandals' . 26 May 2010. Retrieved 22 June 2013.
  40. ^ 'No sport easier to fix than tennis' . 19 June 2014. Retrieved 7 November 2014.
  41. ^ 'Daniel Koellerer banned for life' . 31 May 2011. Retrieved 20 October 2014.
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    Important Terms to Know When Betting on BasketballOur guide takes you step by step explaining how betting odds work so that you can calculate how much money your bet will win.Social Pocket snowmen gambling Actually-reminds.ga25 Feb 2017 .. The over/under bet is the most popular of the so-called “special” bet types, apart from those associated with the final result of a sporting event. Grand Theft Auto San Andreas Four Dragons Casino What is Each Way betting?Example Payouts

    1. ^ ab Michael Mitzenmacher; Eli Upfal (2005), Probability and computing: randomized algorithms and probabilistic analysis , Cambridge University Press, p. 298, ISBN 978-0-521-83540-4 , archived from the original on October 13, 2015
    2. ^ Lester E. Dubins ; Leonard J. Savage (1965), How to gamble if you must: inequalities for stochastic processes , McGraw Hill
    3. ^ Larry Shepp (2006), Bold play and the optimal policy for Vardi's casino, pp 150–156 in: Random Walk, Sequential Analysis and Related Topics , World Scientific
    4. ^ Martin, Frank A. (February 2009). 'What were the Odds of Having Such a Terrible Streak at the Casino?' (PDF). WizardOfOdds.com. Retrieved 31 March 2012.
    • Moneyline bets do not have a spread or handicap, and require the chosen team to win the game outright. The favoured team pays lower odds than does the underdog, thus, it acts mainly as an enticement to take the underdog for a better payout. Sometimes a bettor may couple this type of bet on the favored team to increase the payout of a parlay.
    • Spread betting are wagers that are made against the spread. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another when two teams play each other and one is perceived as being more likely to win. The favorite 'takes' points from the final score and the underdog 'gives' points. This number can also be in increments of half-a-point (.5) even though very few sports have .5 point scoring (i.e., The Ryder Cup )

    Spread bettingIn the Gambling Act 2005 gambling is defined as betting, gaming or participating in a lottery. That definition distinguishes between activities which need to be .. History of gamblingGambling | Britannica.com Over under in a sentenceWhat is a Point Spread Bet?Related Questions

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    Betting

    There are several different ways in which betting can be offered:

    • fixed odds betting
    • pool betting
    • acting as a betting intermediary
    • spread betting (regulated by the Financial Conduct Authority ).

    You need a licence from the Gambling Commission to offer betting services.

    Fixed odds betting

    The most common form of betting is fixed odds betting where you bet a stake to win a fixed amount calculated by the odds available. For example, a £10 bet at odds of 2/1 would return £30 (£20 of winnings + £10 stake) if successful. If unsuccessful you lose your £10 stake.

    Fixed odds betting can be offered:

    • in betting shops (off-course)
    • on tracks (on-course)
    • by remote means (including online gambling).

    Pool betting

    Pool betting differs from fixed odds betting as winnings are determined by the sum of stakes paid into the pool. The amount you win is calculated by dividing the total pool (minus a commission fee for the organiser) by the number of winning tickets. Pool betting includes:

    • racecourse pool betting
    • football and other sports pool betting
    • fantasy football type competitions.

    The Tote (Successor Company) Limited holds the exclusive licence (until mid-2018) to offer pool betting in respect of GB horse racing. Tote can, however, give permission for a company to offer pool betting in respect of GB horse racing.

    Betting intermediaries

    A betting intermediary facilitates betting between two or more parties. They do not have liability for the bets but often take a commission fee from the winner. Betting intermediaries can be remote or non-remote.

    Spread betting

    We don’t regulate spread betting. It is the responsibility of the Financial Conduct Authority

    Age restrictions for betting

    No one under the age of 18 is allowed to bet with a licensed gambling business.

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    January 24, 2012 on Columns by Ali Aftab Saeed

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    What does 'over/under' mean in sports? - QuoraHere’s an example: Free Poker Stock Photos Where To Place The Bet?What Happens If I Win My Pont Spread bet?Basketball Money Line Betting

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(Redirected from Over-under)

An over–under or over/under (O/U) bet is a wager in which a sportsbook will predict a number for a statistic in a given game[1] (usually the combined score of the two teams), and bettors wager that the actual number in the game will be either higher or lower than that number.[2][3] For example, in Super Bowl XXXIX, most Las Vegascasinos set the over–under for the score of the game at 46.0. A bettor could wager that the combined score of the two teams would be either more than or less than that number. Since the combined score of that game was 45, anyone who had bet on 'under' won.

Initial value[edit]

The goal of a sportsbook is to have an equal value of bets on both sides of the over–under. In theory, this means that the manager could set the value at zero and then re-adjust based on either the number of incoming bets and/or events that influence the potential outcome. In practice, the initial value is based on both quantitative (e.g. win–loss record, average points per game, etc.) and anecdotal information (e.g. media reports, injury status of players, etc.).

Statistics[edit]

Though this bet is most commonly made with the combined score of the two teams, many other statistics can be used, including:

  • In American football, a player's or team's total rushingyards or attempts, down conversions (first or third), interceptions, completions, field goal percentage, etc.
  • In basketball, a player's or team's total assists, blocks, turnovers, steals, etc.
  • In baseball, a player's or team's total number of home runs, RBIs, etc.

Dice[edit]

A variant of overunder betting, known as Under Over, is a dice game played at various festivals. The object of the game is to predict whether the dice will roll to a total of under 7, over 7, or at 7. The game is typically played with 2 dice.

A player typically places a wager on one of three spaces. These spaces are:

In Gambling What Does Over Under Mean

  • Under 7 (usually pays 1–1)
  • Over 7 (usually pays 1–1)
  • 7 (usually pays 4–1)

For instance if one bets one dollar on under and the dealer rolls under, they gain a dollar as well as get their dollar back. If the dealer rolls a seven and one bets on it, they make four dollars. Once all the bets have been placed the attendant closes the betting board with a screen and then puts the dice through the chute. Players then get paid accordingly.

One variation of Under Over involves foam dice, two of which are thrown in the middle of the players; in another variation, two balls are thrown into a giant wheel consisting of twelve spaces of numbers ranging from 1–6. No wire fence is used to block the bets in that case.

Gambling What Does Over Under Mean

References[edit]

  1. ^Kochan, M. (2013). Secrets of Professional Sports Betting. Cardoza Publishing. p. 12. ISBN978-1-58042-438-7. Retrieved April 25, 2015.
  2. ^Williams, L.V.; Siegel, D.S. (2014). The Oxford Handbook of the Economics of Gambling. Oxford Handbooks in Economics Series. OUP USA. p. 205. ISBN978-0-19-979791-2.
  3. ^Fodor's Las Vegas 2015. Full-color Travel Guide. Fodor's Travel Publications. 2014. ISBN978-0-8041-4300-4.
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