There are many terms used in sports betting. You may be familiar with terms like “over/under,” which refers to the expected total in a game. In football, for example, you can bet on the total being 41 or on under 1.5 points. There are also terms like “tout,” which refers to a person selling picks to others. Another term used in sports betting is “push.” If a team loses the game by exactly one goal, but wins by more than one goal, it is considered an underdog and the bet is a winner.

Sportsbooks set odds on the outcome of events based on their probability. High probability events pay out less, while low probability events pay out more. On the other hand, high-risk events pay out more, but are more risky. In general, sportsbooks offer odds for two sides, though some may have more than two. You can even gamble on the color of the winning team’s Gatorade or the winner’s hair. While these may seem like strange options, they’re actually among the most popular types of sports betting.

A popular bet in sports betting involves betting on totals. A common number is 2.5. In soccer, over/under odds are rarely equal, but can go up or down depending on the teams’ overall performance. Over/under odds can pay out a significant payout when bettors bet on a long shot early in the season. Unlike traditional bets, however, there is no guarantee that the team will win the game. Therefore, it’s important to do some research before making a betting decision.