It is a good idea to list your system specs when asking specific questions. At the very least list the make/model card are you trying to overclock!
If you just slid both bars to max (a very bad idea) and noticed no changes that's prolly because the gpu could not actually overclock to those levels and the Overdrive Utility reset the gpu and memory speeds back to default.
There are 3 bars in the Overdrive section, 1) for gpu speed, 2) for memory speed, and 3) for fan speed. If you only changed the gpu and memory speed without adjusting the fan speed, the card can/will quickly over heat and the utility will auto reset speeds back to default.
Not sure if you noticed but one of the buttons in the overdrive section is to TEST the overclock speeds you are attempting to reach. it is HIGHLY recommended that you adjust the speed of the gpu and memory in small increments, say 5MHz at a time, and test, test until the test fails, then back the bars down a notch. By following this method you will realize the max gpu and memory speed that can be achieved with you card.
You can achieve the same gpu overclock results with either Overdrive or Rivatuner; byt note that Rivatuner will give you a deeper level of access than overdrive; and as mentioned, unless you know what you are doing, it is not a good idea to even bother with Rivatuner or the deeper levels available.
From your post, I suggest you follow the above method using Overdrive to overclock you gpu so you don't unintentionally fry your gpu.