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A half (halftime) bet applies only to the score of the first or second half. This bet can be placed on the spread (line) or over/under. This can also be applied to a specific quarter in American football or basketball, a fewer number of innings in baseball, or a specific period in hockey. In-play betting. In-play betting, or live betting, is a ...
"pays −X" (moneyline odds) means that the bet is fair if the probability is p = X / (X + 100). The numbers for odds can be scaled. If k is any positive number then X to Y is the same as kX to kY, and similarly if "to" is replaced with "in" or "for". For example, "3 to 2 against" is the same as both "1.5 to 1 against" and "6 to 4 against".
If one bets on Green Bay, a -2.5 favorite, they now become +3.5 underdogs (-2.5 + 6). Bet on the over and the line is 39.5 (45.5 - 6). Bet on the under and the line is 51.5 (45.5 + 6). Many bettors like the teaser bet because it gives the bettor more cushion, but like a parlay, one must hit all aspects of the bet to win.
A variant of over-under betting, known as Under Over, [6] 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: Under 7 (usually pays ...
References 0–9 2-for-1 A strategy used within the last minute of a period or quarter, in which the team with possession times its shot to ensure that it will regain possession with enough time to shoot again before time runs out. Applicable in competitions that use a shot clock (all except NFHS in most US states). 3-and-D Any player, typically not a star, who specializes mainly in three ...
Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. For instance, a common two-team NFL parlay based entirely on the spread generally has a payout of 2.64:1. In reality, however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1.
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[2] The Super Bowl is the most popular event for the Nevada sportsbooks. They earned $7.2 million on the $99 million wagered on it in 2013. Because it attracts many unsophisticated bettors, as of January 2014, the books had made money on 21 of the previous 23 Super Bowls, with an average win of $5.5 million over the previous ten years.