Totals, or “over/under” bets, are another fairly simple concept to grasp, even for the inexperienced bettor. In a totals wager, the bettor is simply putting money down on whether or not the cumulative point/run total of the two teams in a game will be more or less than the total set by the sportsbook.
Totals bets are usually set with odds of -110, meaning the bettor must wager $110 to make $100 (utilizing the “100” figure as the example once again).
A totals bet for a Yankees-Red Sox game might be listed as follows:
- 9.0 runs (-110): The sportsbook has set the projected total number of runs to be scored between the two teams at nine. Bettors who wager that the two teams combined will score either more or less than that total will need to wager $110 to win $100.
As with the point spread example provided above, there is also the possibility of a “push” when it comes totals bets. In our Yankees-Red Sox example, this would occur if the cumulative run total is exactly nine. Bettors would receive refunds on their original bets in such an instance.