What is Over/Under Betting?

If you are getting into online football betting, you have probably discovered that one popular type of bet is the Over/Under wager.  What is Over/Under betting?  With this type of wager, a “goal-line” is established before a match.  The goal-line is simply the total number of goals that handicappers and bookies believe will be scored during a match.  Generally this includes the normal 90 minutes as well as injury time, but not extra-times (ET).

As the name of this type of bet indicates, you are betting on whether the actual number of goals will fall “over” or “under” the established goal-line.  If the number of goals that are scored during the actual game agree with your prediction, you receive the payout on your wager from the betting site you have chosen to bet online with.  If the number of goals scored is opposite your prediction, you lose.  What happens if the number of actual goals is equal to the goal-line?  In that case, your stakes will be returned to you and you will neither win nor lose.

As an example, let’s say that you are wagering where the betting line is 4, and you decide to bet on “under.”  The wager is going to include all goals scored during the match (on either side).  So if either or both teams manage to score up to 3 goals, you will win the payout.  If either or both manage to score 5 or more goals, you will lose your stake.  Should the goals total up to 4, then you will be refunded the amount of your wager.

As an interesting aside, and Over/Under wager on a football match is essentially set up just like a High/Low binary option.  If you are familiar with binary options trading, you probably already noticed this.  If you are not, and you enjoy Over/Under betting on sports, there is a good chance you will also do well with binary options.  Basically, a High/Low binary option works just the same way.  Instead of betting on the number of goals that teams in a football match will score, though, you are betting on whether a certain stock, index, currency pair, or commodity will perform “over” or “under” a certain “goal-line” established by a binary options broker.

Binary options trading has been gaining a lot of ground lately because it is so simple and easy to understand.  High/Low betting is something that you can learn in a matter of minutes.  Over/Under betting is just as easy to comprehend, which is why it is such a popular choice for sports bettors.  And as with High/Low betting, it is something you can do online. 

There is however one key fact which is essential to remember, whether you are betting on High/Low binary options or Over/Under wagers, and that is that there is a difference between easy to understand and easy to master.  You can learn how to place a wager like this in minutes, but you cannot learn how to win that quickly.  It takes a lot of research and testing to develop a working betting strategy that will pay off.  But if you are willing to make that effort, you can make great money with either type of trade!