A standard prop bet for a kicker could be based on whether the player will successfully hit more or less than a certain number of field goals, or whether they will miss an extra point. For a defense, prop bets could be based on whether that unit will give up a certain amount of points, or whether it will score a touchdown on an interception or fumble return. Player prop bets are most often graded on full-game statistics, but there are also prop bets that are based on statistics accrued during a specific quarter or specific half of a game.
There are even prop wagers based on the two flagship non-sports events associated with the game — the National Anthem and the halftime show. Bettors can place wagers on contingencies such as the length of time of the National Anthem, whether the performer will omit a word, whether a certain celebrity will make an unexpected appearance during the halftime festivities or how many songs will be performed by the halftime act.
While any player is technically eligible for the distinction, the best odds by and far lie with the quarterback position, which has taken home 29 of the 54 MVP awards in Super Bowl history. That outpaces the next closest positions — wide receiver and running back — by Five quarterbacks have won the MVP award on multiple occasions. Alternate lines are those offered by sportsbooks as secondary options to the official point spread that has been set. These lines feature an extensive array of different point spreads for both the favorite and underdog side of the game.
These lines typically begin at points well above the number associated with each team in the official game line and range well into the other side of the bet, i. Alternate lines offered could have included a wagering opportunity on the Chiefs as seven-point favorites instead.
Live betting offers bettors the opportunity to place wagers on the point spread, moneyline or projected total of a game as odds on each fluctuate depending on the flow of a game. Rather, if, for example, the favored team unexpectedly falls behind by a two-touchdown margin in the first half, the bettor can hedge his original wager by investing in a new line with odds that reflect how the game is unfolding.
A teaser bet is based on multiple games and enables the bettor to adjust the official point spread anywhere between four and 10 points, depending on sport. For football, the allowable range if six, 6. For a teaser bet to pay out, each leg of the wager must be a winner. If both Kansas City and San Francisco win their games by at least two points, respectively, the teaser bet is a winner. The appeal of teaser bets is the ability to manipulate the spread, and in the process, significantly increase the odds of the wager being successful.
Bettors should particularly be aware of these sportsbooks, which all have Super Bowl odds posted:. All three sportsbooks will have a wide selection of special offers and promotions for Super Bowl LV aimed at both first-time and existing customers.
With any purchase, shopping for the best price is advisable. Sports betting is no different. Other sportsbook-to-sportsbook variables that are important for a better to also be conscious of include possible differences in the point spread and projected total posted for a particular game. The strategy of betting against the most popular side of a bet can pay off on occasion. In turn, the line could move to a point where a team is favored by an increasingly unrealistic amount of points.
The same could hold true for a projected total that gets bet up to a certain level due to the offensive reputations of one or both of the teams. However, where advanced metrics can be particularly helpful is when making individual- or team-based prop wagers. The same could apply to countless other such prop wagers, such as a quarterback reaching the yard threshold and a running back eclipsing the yard mark, to cite just two other examples.
A bettor evaluating this wager might have gone with the Over when considering Kansas City faced the second-most tight end targets in the league last season and tied for the third-most catches 96 allowed to the position. Kittle finished the game with four catches, just slightly under the number — a win for Under bettors.
Football is considered the most popular sport to utilize this strategy. However, it ironically helps mitigate the risk involved by significantly upping the chances of one of the two bets being a winner. Middling is typically made possible when there is notable line movement on a game within a week. A bettor initially places a wager on this line, but over the course of the two weeks, the line is bet up even further to a seven-point projected advantage for KC.
San Francisco to lose by six points or less or win outright. Legal, regulated sportsbooks typically offer a variety of enticing promotions, for both first-time and existing customers. Those offers are even more prominent for an event the magnitude of the Super Bowl.
Those physically located within a total of 18 states will have the option of placing wagers on Super Bowl LV at a legal, regulated sportsbook. Another five currently only allow wagering at physical sportsbooks. That number is expected to increase based on a certain amount of sports betting bills across the country gaining passage during The Super Bowl is annually the most lucrative single-event sports betting opportunity.
At many sportsbooks, proposition bets constitute more than half of the wagers and amount placed for the Super Bowl. The Kansas City Chiefs opened as the favorites for the season at most major sportsbooks. Sports betting is legal and operating online in states such as Colorado , Pennsylvania , Michigan and Tennessee.
Check out our state-by-state sports betting page for more information about your state. Most sportsbooks will post similar odds in Nevada and New Jersey. However, some regional bias might factor into the odds for local teams. The VegasInsider. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered. If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets. CO Gambling problem? Call Indiana Self-Restriction Program.
NJ Bet with your head, not over it! Gambling Problem? Call Gambler. Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Find where to bet in your state! See Sportsbooks. Sports Betting. Betting Tools. NFL Home.
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It is important to differentiate which sportsbooks have the best odds. Sharps typically have multiple sportsbooks that they are registered with. They will flip between the sports betting apps to make a decision that is the most profitable. Each sportsbook is different based on the available odds. Some charge a higher vig and some odds change because big amounts of money are being thrown around. If large wagers are placed on the Chiefs to win the Super Bowl, their odds will begin to change so the books can adjust to the amount of liability.
When bettors want to wager on the Super Bowl they must first sign up for a sportsbook. It is important to take advantage of promotions that they may have going. Refer to Bonus. Then, follow these steps:. Las Vegas is one of the top cities for betting on sports in the country. Mobile betting is not ideal, however, as fans must go to a casino first before being able to register for a mobile sportsbook. Vegas is known for its wide array of casinos and resorts that get herds of visitors from across the country.
The plethora of options on the Vegas Strip will make the fan experience even more fun whether you are betting on live events already in progress or before gameplay. Going to Las Vegas sportsbooks to place Super Bowl bets is very common. All of these venues offer numerous ways to bet on the NFL. Bettors that understand how odds are broken-down and calculated can make bets more educated. There are so many different factors that play into the Super Bowl favorites.
More often than not, the best teams are going given the best odds. But this is not always the case. Other factors will include the difficulty of their regular season schedule, additions to the roster from the previous year, and of course, the overall talent on the roster.
Tom Brady played in his 10th Super Bowl which is unbelievable in and of itself. In a battle of superstars quarterbacks from different generations, Brady notched his record-setting seventh Super Bowl win. Before the game, Bonus. When betting on the Moneyline, the odds are usually not exact. Typically there are favorites and underdogs. When comparing NFL odds, a plus symbol means that the option is an underdog.
The minus symbol means the option is a favorite to win. For the Chiefs, they were Had they won by three points and you bet on If you bet over you are betting on the combined number of points between the two teams. Bookmakers set a number, and bettors need to decide whether the game will go over or under that number.
When placing a parlay bet, you are betting on two or more things to happen. To get paid on your bet, all of the outcomes must occur in a given parlay. If you parlayed the Buccaneers to win with Under Conversely, if you bet Chiefs to win and Under The futures market in sports betting is a huge part of the industry. The possible bet types range from championship winners to divisional winners, and even MVP candidates.
Prop bets are becoming more popular in the sports betting world. And there is no more popular betting event than the Super Bowl. Super Bowl prop bets go hand-in-hand because of the creativity involved and the added excitement for a much-hyped game. Most Super Bowl prop bets are set once the teams are decided for the matchup.
Until then, sportsbooks might get creative about what prop bets they start to offer before that time. Due to how unique this NFL season is, the prop bets could be more creative than ever. Odds are provided by DraftKings Sportsbook. Betting on Heads or Tails is a popular bet on the Super Bowl. This bet could be done anywhere anytime so the modest vig from sportsbooks is worth avoiding. This could be another way to get juicier odds on a team that you think will win.
We saw Tom Brady constantly throwback to a wide receiver throughout his years with the Patriots. Super Bowls are always going to bring out massive amounts of creativity. Unless the game ends in a Hail Mary or last-second field goal attempt, it is hard to imagine the game ending in anything other than a kneel… right?
Now, every sportsbook puts out Super Bowl prop bets. One popular prop bet for the Super Bowl is how long it will take the singer to complete the National Anthem. She clocked in at well over 2 minutes for that performance. The expectation would be that she would do the same at the Super Bowl. This bet is offered every year and will assuredly be offered this year too. He suffered a season-ending compound ankle fracture in Week 5.
However, it is best to grab a player who is rarely injured that you believe in. Avoid players who are often injured or have soft tissue injuries regularly. In some cases, the NFL Draft can shift the odds one way or another.
For instance, the Chiefs drafted Clyde Edwards-Helaire at the backend of the first round by the Chiefs. He ended up as a major contributor and able to help the Chiefs backfield. This is rare, however. Teams that are competing for a title usually do not have top draft picks to get an impact player. The Chiefs would have been the favorites to win the Super Bowl preseason whether they had Edwards-Helaire or not.
Using Alternate Lines can be extremely profitable when it comes to sports betting. When a line comes out from the sportsbook, it can move in many different directions. If you like the Super Bowl line at the beginning of the week, it could be wise to jump on it early with an alternate spread to increase profitability.
Super Bowl lines move all over the place because it is one of the most bet on sporting events of the year. There are also some states where you can bet in-person at retail sportsbooks. These include:. Not in a legal state? You can play our free Super Bowl squares game with friends. Play online or via a printable squares template. We have a list of our top picks for US online sports betting apps.
FanDuel Sportsbook reigns as the No. Named after the Rivers Casino brand, BetRivers Sportsbook offers a comprehensive selection of domestic and international sports. PointsBet presents one of the most unique sports betting platforms in the US market. Most US states with legal online sports betting put multiple mobile sports betting apps at your fingertips. The welcome bonuses, as well as the lines on the Super Bowl, differ from sportsbook to sportsbook.
Check out Gaming Today for comprehensive coverage on which online sportsbooks operate in your state. Navigating to the cashier at your chosen sportsbook displays all of the different deposit options. Legal online sportsbooks offer myriad ways to bet on the Super Bowl.
US sportsbooks display the potential payout on a bet using American odds. The line on Tampa Bay added 3. If the Bucs lost by 3 points, or outright won the game, the bet paid at American odds. For the Chiefs, they simply needed to win by at least 4 points for a payout of To calculate the payout, divide by without the minus sign and multiply that quotient by the amount wagered.
A moneyline bet takes the point spread out of the equation and tasks the bettor with simply picking the winner of the game straight up. The favorite and underdog odds almost always vary more in a moneyline bet versus a point spread bet. The DraftKings moneyline on Super Bowl looked like this:. Alternatively, you can simply move the decimal point over two places. And 1. The point spread and moneyline styles of betting outlined above represent the two most popular ways to bet on the Super Bowl.
When Super Bowl 56 comes around, legal online sportsbooks will present several other ways to bet on the big game as well. The Buccaneers won the game , with 40 total points scored and the under bet winning. Parlays offer some of the most enticing action available at a sportsbook.
Parlays combine multiple bets on one ticket, increasing the payout odds with each added bet. Even one losing bet makes the parlay a loser. A futures bet represents a wager on an event that will happen in the future, over a span that takes longer than a single game.
Super Bowl futures bets can be placed any time up until the two competing teams for the game are determined. Super Bowl prop bets cover just about every aspect of the NFL championship game not directly related to the final score. These wagers offer markets on predicting the Super Bowl MVP, which player will score the first touchdown, and even whether any attempted field goal will hit the crossbar at some point in the game.
Most of the wagers offered on the DraftKings list still fell in the category of on-field prop bets, awarding sharp bettors for their research and wager selection. Other kinds of prop bets, like exotic bets, offer fun betting markets largely based on luck. These markets can include betting on which team wins the coin toss, or the length of the National Anthem. As with all NFL games, sharp bettors take advantage of any kind of edge they can find when betting on the Super Bowl. Research will pay off when it comes to picking the winner of Super Bowl LVI, and that includes knowing about injuries, draft picks, trades, weather, or even dissension in the locker room.
Aside from those factors, skilled bettors also utilize the following strategies:. Some sportsbooks offer multiple lines and payout odds on the Super Bowl. Sportsbooks cash in big when the majority of bets come in on one side and that team loses. To fade the public, simply bet against what the majority is doing.
Middling involves placing a bet on one team, waiting for sportsbooks to move the line, and then betting on the other team. This strategy makes it possible to win on both the favorite and underdog side of a bet. As the game approached, the line moved to a Bettors that took the Steelers Pittsburgh won the game , and the middling betting strategy played out to perfection for astute bettors.