Tag: Over Under definition

Betting 101: How to bet on NASCAR for beginners

Looking at the various sports betting options centered around NASCAR, with betting advice, tips and definitions of key terms.

Wagering on NASCAR can be a daunting task for first-time bettors. In fact, you might lose a good chunk of money right off the bat if you simply try to pick a winner for each race out of a sea of drivers competing for the checkered flag. Luckily, there are more than a few ways to win money without having to choose the driver who will be doing celebratory burnouts before pulling into Victory Lane.

NASCAR betting: Ways to bet

Access USA TODAY Sports’ betting odds for a full list of today’s sports betting odds and lines.

  • Choose the winner: Easily the most difficult. Similar to a moneyline bet in other sports, you will pick the driver who will win the race outright. There are tools you can use, such as Average-Finish Position (AFP) across previous races at a track, NASCAR Loop Data from previous stops, and knowing a driver’s production on certain types of tracks – flat tracks, intermediate, short tracks, superspeedways for example. If you hit on the winning driver, it can pay off handsomely, but it’s far more difficult than it sounds.
  • Selecting a driver to finish in the Top 3: If you like a driver, but aren’t confident of his finishing and winning the race, you can bet on him to finish inside the Top 3. This will not pay off nearly as well as an outright win, but it can still be rather lucrative. Sometimes the driver with the best car doesn’t always win, but he is right there at the end.
  • Driver vs. driver: For some of the major races, you can bet on Driver vs. Driver – or matchup betting. For example, wagering on a prop of Denny Hamlin vs. Kyle Busch is betting on which driver will finish higher. These are particularly popular for the Daytona 500 and other major races on the season. You can also participate in Group Betting where you select a driver among a group of four or five. If your pick finishes higher than the rest, you win.
  • Props: Again, this is mostly for the major races. Sportsbooks offer such props as “will a an odd- or even-numbered car win the race?” You can bet on the Over/Under of the car number of the winning driver. You can bet on whether the car manufacturer of the winning driver was Chevrolet, Ford or Toyota. Like the Super Bowl, or any major sporting event, these special props are available for the biggest races on the schedule. You can even bet the Over/Under on how many caution flags will come out during a race.

NASCAR betting: Key betting terms to know

  • Favorite: Similar to any other sport, the favorite – or chalk – is the driver with the greatest chance of winning the checkered flag.
  • Chalk: This refers to a heavy favorite. For example, +350 and higher is considered heavy chalk. Long shots for a particular race will be in the neighborhood of +2000 or greater.
  • Future betting: If you would like a long-term bet, you can choose a driver at the beginning of the season to win the NASCAR Cup Series championship. You can still make this bet during the season, as the odds are adjusted as the year goes on.

NASCAR betting: How do odds work?

NASCAR racing odds can vary greatly. There is rarely, if ever, a time where the favorite is minus-money. For example, if you were to bet an overwhelming favorite at +350, a $10 winning bet profits $350. An underdog wager at +2500 would profit $2500 on a $10 bet.

Get some sports betting action by placing a bet with BetMGM today. For more sports betting picks and tips, visit SportsbookWire.com.

Follow @JoeWilliamsVI on Twitter, and follow @SportsbookWire on Twitter and Facebook.

Gannett may earn revenue from audience referrals to betting services.  Newsrooms are independent of this relationship and there is no influence on news coverage.

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Betting 101: How to bet on the UFC for beginners

Looking at the various sports betting options centered around UFC, with betting advice, tips and definitions of key terms.

Wagering on the Ultimate Fighting Championship (UFC) can be very lucrative for bettors. We’ll take a look at ways to minimize risk while maximizing profits, especially for the bettor looking to dip their toe into the mixed-martial arts betting pool for the first time.

UFC betting: Ways to bet

Access USA TODAY Sports’ betting odds for a full list of today’s sports betting odds and lines.

  • 2-way betting: Each individual bout can simply be wagered upon picking a straight-up winner, similar to a moneyline bet in the other major sports, with a favorite and an underdog.
  • Method of victory: If you like a fighter to win, but perhaps he/she is an overwhelming favorite, you can be more specific to mitigate your risk. There are a few different ways a bout can end. A fighter can win on points, either a unanimous decision, split decision or a majority decision. The fight can also end in a draw, or tie. In addition, you can bet on a fighter to win via submission or a KO/TKO.
  • Round betting: Fights which are either preliminaries or on the main card leading up to the main event/co-main events are three rounds, while main events are five rounds. You can choose a fighter to win in a certain round and/or you can bet the Over/Under on when the fight will end. For instance, if you feel the fight will go the distance, you would bet the Over.
  • Double chance betting: One of my favorite betting props is double chance betting. If you are particularly interested in betting a fighter who is also a submission specialist facing another fighter with terrible defense, you might take the favorite to win by submission and points. If he doesn’t win by submission, but wins on points, or vice versa, you still win.

UFC betting: Key betting terms to know

  • Favorite: The fighter who is more likely to win the fight will require more than your return on investment.
  • Underdog: On the flip side, this is the fighter not expected to win. It can be more lucrative than taking the favorite, as you will return your stake and plus-money from your wager.
  • Push or Draw: A wager which ends in a tie, which is not a losing ticket, but not a winning ticket, either. You simply receive your wager back.
  • Chalk: This refers to a heavy favorite. For example, -200 and higher is considered heavy chalk.
  • Parlay: If you were to bet two fighters to win on the 2-way line, for example, you would need to win each end of the bet to cash. You can still win a parlay if one end wins and the other is a push.

UFC betting: How do odds work?

Mixed-martial arts odds can vary greatly. Sometimes the favorite is not terribly steep, but other times, particularly in undercard events, the favorite can have rather high odds. For example, if you were to bet an overwhelming favorite at -750, you would need to risk $75 to profit just $10. An underdog wager at +190 would profit $19 on a $10 bet.

Get some sports betting action by placing a bet with BetMGM today. For more sports betting picks and tips, visit SportsbookWire.com.

Follow @JoeWilliamsVI on Twitter, and follow @SportsbookWire on Twitter and Facebook.

Gannett may earn revenue from audience referrals to betting services.  Newsrooms are independent of this relationship and there is no influence on news coverage.

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Betting 101: How to bet on the MLB for beginners

Looking at the various sports betting options centered around the MLB, with betting advice, tips and definitions of key terms.

In the single-game framework, baseball is the most unpredictable of the four American major professional sports. It’s also the most frequently played, with each MLB team playing generally 27 times per month for a six-month period from April to September. For the bettor, high frequency and unpredictability make for a great deal of excitement, whether betting a single-game outcome or season results. Below, we take a look at definitions of key sports betting terms and how odds work in the many ways to get a piece of MLB betting action.

MLB betting: Ways to bet

Access USA TODAY Sports’ betting odds for a full list of today’s sports betting odds and lines.

  • Single-game betting: Individual games are broken down into a moneyline, run line, or Over/Under. Bettors can back one of two sides of each line.
  • Live betting: Get action while the game is underway with lines adjusting almost constantly based on which team is winning or dominating play. In-game injuries and big early leads can drastically affect the lines and odds.
  • Alternate lines: When looking to bet on a game, it’s always wise to look at all of the available options on the alternate lines. These can offer either a greater profit margin or a higher probability of winning the bet.
  • Futures betting: Place bets in the offseason or at any point within a season by backing a team to win the World Series or the AL/NL pennant or their league, or to win a certain number of games. Player awards such as the league MVP or Cy Young Award are also available as futures. Odds are adjusted throughout the year based on team or player performance.
  • Prop bets: Get single-game action on in-game events, like total runs plus hits plus errors in a given inning, a yes/no on the game going into extra innings, or game firsts (strikeout, hit, home run, etc. …)

MLB betting: Key betting terms to know

  • Favorite: The team the market identifies as the most likely winner. Starting pitchers often play a role, here.
  • Underdog: Conversely, underdogs or dogs, are the team the market tags as most likely to lose.
  • Moneyline: The most common bet type – simply pick one side or the other to win the game. Moneylines typically look for a team to win a game, but five-inning and other lines can be found, each changing the end-point of the wager and the calculus of the odds.
  • Run line: The favorite is tagged with the stipulation of winning by a margin of -1.5 runs. With roughly a third of all MLB games decided by a single run, this wager type changes the odds – sometimes flipping a moneyline favorite to a run line underdog.
  • Total or Over/Under: A line set for how many combined runs will be scored in the game by the two teams. Can be a full game or a five-inning total for a single game or a component of a prop bet (example: Over/Under 17 total strikeouts in a game).
  • Push: A wager not won by either side. MLB games can’t end in a tie, but bets sometimes can (the Over/Under is the most common push in baseball betting).
  • Chalk: Referring to odds on heavy favorites. The odds are generally so low as to not be worth betting as the profit margin is too small to warrant the small risk.
  • Parlay: Combining two or more bet types from the same game or across multiple-game offerings. It increases the total odds, but they’re extremely risky as all plays need to be correct for a bet to win. The more bets included, the higher the payout, but the higher the risk.
  • Teaser: Buy or sell some runs on a run line or a total bet in order to get better odds or increase your chance of winning with lower odds.

MLB betting: How do odds work?

Baseball odds on the moneyline generally range from -250 to +250, but one of the lures of MLB betting is the preponderance of plays in the -175 to +175 range. The more even margins typically mean less of a takeout on the sportsbook end. A $10 bet at -150 would return a profit of $6.67 on a win. A $10 bet at +150 would return a profit of $15 on an upset win.

All bets are paid out shortly after a game finishes, with those funds being allowed to be placed on new bets or be withdrawn from the sportsbook.

First-time MLB bettors should note how expected pitchers (starting and otherwise) for a game can drastically change what the normal team-vs.-team odds would be in a vacuum. Recent trends, matchup histories, variable strengths and weaknesses based on pitcher handedness and venue, and injuries all play into how a game is priced. Finding small market inefficiencies can be profitable when plotted against a daily slate of 10 to 15 games each day.

Get some sports betting action by placing a bet with BetMGM today. For more sports betting picks and tips, visit SportsbookWire.com.

Follow @SportsbookWire on Twitter and Facebook.

Gannett may earn revenue from audience referrals to betting services.  Newsrooms are independent of this relationship and there is no influence on news coverage.

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