Terms and Descriptions

Oddsmaker

An individual who sets the sports betting odds.

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Over / Under

Also known as a totals bet. A popular odd where the bettor predicts whether the final score of a match will be over or under the projected total.

Overlay

When the odds favor the bettor rather than the house.

Over

An odd where the bettor is betting above the projected total

Out

A location bettors can place a bet at.

Opening Line

The odds shown at the start of a match.

Off the Board (OTB)

A game that has been called off and sportsbooks are no longer accepting bets for.

Odds-on Favorite

A heavyily favorited team that has a price higher than even money.