Overtime Protection on Underdogs & Unders

ChiTownHustler · Dec 11, 2013

Anybody on here have any idea why books have never had an option for players to pay an extra 1% juice for protection on underdogs and totals?
I've been doing this for 15 years and would love to have the option to cover the back end on unders and the dogs I play, especially in college football/ basketball. I would also like the option for MLB unders as well. Pay the extra, so if I have a winner in regulation the fav. doesn't get bailed out.
The inherit advantage to the over/ and favorite drives me nuts.

All the promos the offshore books have run over the years, I've never come across this.
Chime in if Vegas did this years ago or if you've seen books that had offered this option.

GL & Thanks

dtmad · Dec 11, 2013

I asked my book about this 5 or 6 years ago and he laughed. It was obvious to me that they've thought about it. Books would often be paying all the over bettors and some of the under bettors, and often all the favorite bettors and some of the under bettors (the ones that paid the premium). It does seem to me, though, that it could be done. Small spread games would have a different premium than large spread games, since these games are more likely to be tied at regulation. The premium would have to change every time the spread changed. Hey, I guess I just figured out why they don't do t.

HacheMan · Dec 11, 2013

I've also brought up the option to wager a total which excluded overtime.

Seems look it would be an easy add, just like pitchers action with baseball...

doubledeuce22 · Dec 11, 2013

Surprised by this myself.. Shouldn't be too tough, some sort of variation of a '3-way' line or like NHL 'regulation only' bet.

What would you guys consider laying on an OT protection bet.. Instead of -110 like -112, -115?

CHOPTALK · Dec 11, 2013

If they ever did that they would adjust the spread and the juice.
If a total is under 200 the insured for overtime under line would probably be something like under 198.5-114 or something like that because the possibility of a game going into overtime is already reflected in the line.

PatsFan1283 · Dec 11, 2013

CHOPTALK said:
If they ever did that they would adjust the spread and the juice.
If a total is under 200 the insured for overtime under line would probably be something like under 198.5-114 or something like that because the possibility of a game going into overtime is already reflected in the line.

it would be no different than buying pts or something like that, just more juice

CHOPTALK · Dec 11, 2013

PatsFan1283 said:
it would be no different than buying pts or something like that, just more juice

You don't get overtime protection when you do that

CHOPTALK · Dec 11, 2013

I'm an under player myself. Rarely bet overs.

But I bet mostly 1st half unders so I won't have to worry about overtime or the team that's behind fouling the other team everytime they inbound the ball making a bunch of free throws with the clock stopped.

This is why first half totals are always much less then half the game totals

PatsFan1283 · Dec 11, 2013

CHOPTALK said:
You don't get overtime protection when you do that

no i mean it would be no different than buying pts in that itw ould just be a gimmick that they charge more juice now and be a ripoff

it would be a sucker bet

dtmad · Dec 11, 2013

The tighter the side point spread, the more likely an overtime. The juice for protecting the under in a 1 or 2 pt spread game will be higher than for 15 pt spread games because of the likelihood of overtime. As the pointspread changes the juice will have to change.

Texastoughguy · Dec 11, 2013

##)Nothing worse than having a 9 point dog lose by 10 in OT

ChiTownHustler · Dec 11, 2013

It would be a sucker bet due to the percentage it even factors into an outcome, that's why I can't believe it's never been an option.
BUT, there are many, many instances when I would be interested even in a 'premium' vig for the tight spreads. I've never come across any yearly ATS stats on percentages of OT games per sport and how the OT affected the ATS outcome.

HacheMan · Dec 11, 2013

doubledeuce22 said:
Surprised by this myself.. Shouldn't be too tough, some sort of variation of a '3-way' line or like NHL 'regulation only' bet.

What would you guys consider laying on an OT protection bet.. Instead of -110 like -112, -115?

Whatever the price, I think it would likely be a tad higher in basketball (especially NBA) vs football.

CatsOverUnders · Dec 11, 2013

What about protection in the instance of betting an underdog that's up by 27 midway through the third quarter of an NBA game and STILL can't backdoor? That's even worse than losing such a bet in overtime.

Of course I'm referring to last week's legendary Raptors/Warriors bad beat, in which Toronto was up 27 at Oracle in the third quarter... and ended up losing by 9. They were +7.5, and luckily, I bought it to +9 to "earn" a "push" (Since I didn't envision them losing by double-digits at all); probably the worst "push" I ever received in my life, but I guess I was just very thankful to have not "lost" in that horrific, horrific scenario.

There should be something in betting similar to Lawler's Law (If you don't know Clippers play-by-play man Ralph Lawler, shame on you. Educate yourself and listen to one of the great sports figures in history)... if an underdog is up by 20-25 or more at any point in the game, you should just automatically win, regardless of whether or not they blow it and don't cover. Nobody even makes those types of comebacks in video games on Rookie level, so you shouldn't have to deal with that type of monumental loss in gambling.

In all seriousness, I do like this idea, especially for baseball where the lines are much tighter. Would make a HUGE difference in those games that are 3-3 throughout the game, and you can't win because you have Under 6.5 (Fuck you, Vegas, for making 6.5 a more regular number compared to only a few years ago. Such bullshit). Love the idea actually, since I'm a huge unders guy in baseball. So many nightmares over the years of "losing" an under I had right, only because a late score made it 3-3 even though the game is 2-0 going into the eighth or ninth (**Cough** Cole vs Wainwright in the NLDS elimination game **Cough** Best pitcher's duel of the postseason and it goes "over"... yeah, okay Vegas. Fucking scumbags). Yeah, I would love this type of insurance, although I'd simply prefer to buy a half-run in such instances. Unfortunately, my book, like most, does not allow you to do that, which just sucks. I envy those who are able to buy half-runs.

basesAREloaded · Dec 12, 2013

You worried about a dog going to extra time?

It's a position you will win over time. No question.

If you bet a +180 dog outright, and the buzzer buzzes, or the horn sounds, or whistle blows, your dog goes to +140 tops. Maybe +115 with momentum.

Hedge then if you wish, but you are surrendering a valuable ticket.

Give me overtime dogs ALL day long at the closing price.

Adding, buying points in any sport turns you to dogmeat over time. Any added business should be selling points. These flakes that "buy the hook" as they say, are piss poor gamblers. Say what you will, but when you risk more than your potential return, I'm sorry, but you are history.

CHOPTALK, your remark about 1st half unders with no overtime rings very true. Been here over 10 years and I was wondering when that remark might surface...

+

ChiTownHustler · Dec 12, 2013

basesAREloaded said:
You worried about a dog going to extra time?

It's a position you will win over time. No question.

If you bet a +180 dog outright, and the buzzer buzzes, or the horn sounds, or whistle blows, your dog goes to +140 tops. Maybe +115 with momentum.

Hedge then if you wish, but you are surrendering a valuable ticket.

Give me overtime dogs ALL day long at the closing price.

Adding, buying points in any sport turns you to dogmeat over time. Any added business should be selling points. These flakes that "buy the hook" as they say, are piss poor gamblers. Say what you will, but when you risk more than your potential return, I'm sorry, but you are history.

CHOPTALK, your remark about 1st half unders with no overtime rings very true. Been here over 10 years and I was wondering when that remark might surface...

+

good stuff Bases.

Overtime Protection on Underdogs & Unders

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