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If you bet on an under 1.5 market you are predicting that there will be less than 2 goals in the game. Your bet selection will win if there are 0 or 1 goals in the match. On the other hand, if you bet on over 1.5 markets then you are making a prediction that there will be 2 or more goals scored during the match.
Odds are presented as a positive or negative number next to the team's name. A negative number means the team is favored to win, while a positive number indicates that they are the underdog.