Over Under Example

Over Under Betting is the second most popular type of NFL betting, just behind spread betting. Over Under Betting is also known as “Game Total Betting” and you will often see it be referred to as either term. Beginner NFL bettors may be confused by Over Under Betting, but it is very easy to learn and understand once explained.

Over/under betting involves the punters betting on a number of goals, corners, yellow cards or other events in a match.They don’t need to guess the correct number of the aforementioned events, but rather whether the final number will be over or under the line set by the bookmaker.Over/under 2.5 goals is the most common market as far as the football matches are concerned, meaning that you can bet on over. Example: Becky starts with $10, buys something and says 'I got change, too'. How much did she spend? Answer: Something greater than $0 and less than $10 (but NOT $0 or $10): 'What Becky Spends' $0 'What Becky Spends'.

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In Over Under Betting the oddsmakers will set a number of points in which they think both teams will score in total throughout the whole game (including overtime if necessary). Bettors will then be able to bet on the total number of points scored by both teams combined to be over or under that set game total number. For example, the number may be set at 42.5 points. If you bet the “over” you would need a combined 43 or more points from both teams in order to win your bet (a 28-17 score would win you the bet). If you were to place your money on the “under” you would need both teams to combine for 42 or less points throughout the game (a 21-17 game would win you the under bet).

Example of NFL Over Under Bet

Below is an example of what an NFL Over Under line would look like:

Under

Baltimore Ravens vs Pittsburgh Steelers

Over 37.5 (-110)

Under 37.5 (-110)

The number next to the Over and Under is always going to be the same, and represents the set game total. In this case the game total was set by the oddsmakers at 37.5. You would then have the choice to place your bet on both teams scoring more than 37.5 combined points (the Over) or less than 37.5 combined points (the Under). The (-110) beside each choice represents the betting odds, which I will explain more below.

If the final score ended up being Pittsburgh 21 Baltimore 14 we would have a total combined score of 35 points, and therefore the “under” bet would win.

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Other NFL Over Under Betting Information

Although the most common odds set for Over Under lines are -110 or 10% juice on either side it definitely isn’t always the case. The set game total number will always be changing in small increments before kickoff, but the odds will always slightly change before the game total does. Using our above example we might see the odds changed to “Over (-105) and Under (-115)” before we see the game total number adjusted to 37.

That brings me to my next point about NFL Over Under Betting – the game total doesn’t always have to be a decimal number. Although more often than not they are a decimal numbers, you will often see the game total being an even integer such as 39, 41, 44, etc. With an even number game total you may see the combined score end up exactly on the number. In that case the bets on both the Over and Under would be refunded. For example, if the game total was set at 41 and we had a final score of 24-17 it would be considered a “push” and all bets on either side of the number are refunded back to the bettors.

Over Under Absorption Example

Some of the better online betting sites, such as 5Dimes, may even allow you to adjust the game total either way with the odds of course reflecting the change (known as alternate lines). For example, the game total was set at 41.5 and you thought the oddsmakers did a bad job and the game was going to be a lot higher scoring. In some sportsbooks you would be able to select an alternate game total of 44.5 for example and bet the over, which would payout a lot more than the over on the 41.5 line.

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What is Overhead Under Absorption and Over Absorption?

When a company uses standard costing, it derives a standard amount of overhead cost that should be incurred in an accounting period, and applies it to cost objects (usually produced goods). If the actual amount of overhead turns out to be different from the standard amount of overhead, then the overhead is said to be either under absorbed or over absorbed. If overhead is under absorbed, this means that more actual overhead costs were incurred than expected, with the difference being charged to expense as incurred. This usually means that the recognition of expense is accelerated into the current period, so that the amount of profit recognized declines.

If overhead is over absorbed, this means that fewer actual overhead costs were incurred than expected, so that more cost is applied to cost objects than were actually incurred. This means that the recognition of expense is reduced in the current period, which increases profits. For example, if the overhead rate is predetermined to be $20 per direct labor hour consumed, but the actual amount should have been $18 per hour, then the $2 difference is considered to be over absorbed overhead.

Reasons for Overhead Under Absorption and Over Absorption

There can be several reasons for overhead under absorption or over absorption, including:

What Does Over Under Mean

  • The amount of overhead incurred is not the same as the amount expected.

  • The basis upon which overhead is applied is in an amount different than expected. For example, if there is $100,000 of standard overhead to be applied and 2,000 hours of direct labor expected to be incurred in the period, then the overhead application rate is set at $50 per hour. However, if the number of hours actually incurred is only 1,900 hours, then the $5,000 of overhead associated with the missing 100 hours will not be applied.

  • There may be seasonal differences in the amount of overhead actually incurred or in the basis of application, versus a standard rate that is based on a longer-term average.

  • The basis of allocation may be incorrect, perhaps due to a data entry or calculation error.

How to Deal with Overhead Under Absorption or Over Absorption

Prefix Over And Under Examples

When under or over absorption is encountered, it is normally dealt with in one of the following ways:

On Under Over For Example Parts Of Speech

  • The difference (either positive or negative) is charged to the cost of goods sold at once.

  • The difference (either positive or negative) is applied to the relevant cost objects.

Over Under Examples

The first approach is easier to accomplish, but less precise. Consequently, an immediate write-off is usually limited to smaller variances, while the latter method is used for larger variances.

The entire issue of overhead absorption can be reduced by using just-in-time systems to reduce the amount of inventory on hand at the end of an accounting period. By doing so, a case can be made to charge all overhead costs to expense as incurred.

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