betting super bowl odds
Betting Super Bowl Odds
The Super Bowl is the most wagered-on sporting event in the U.S. In 2023, an estimated 50 million Americans wagered roughly 16 billion on Super Bowl 57. With sports betting still becoming legalized in more states , that number is expected to rise with Super Bowl 58.
Super Bowl Betting Lines Explained
With so many sportsbooks to choose from, bettors need to know what the betting lines are and how they compare across different books; After all, you want to ensure you’re getting the best possible odds before placing your wager.
No, Super Bowl lines are not the same at all online sportsbooks. However, they’re usually pretty similar.
In Super Bowl 58 between the Kansas City Chiefs and San Francisco 49ers٫ for example٫ you’re not going to see the Chiefs as -300 moneyline favorites at one sportsbook and 300 underdogs at another.
That’s because sportsbooks are following the general industry consensus and public perception. That leaves a little wiggle room for odds to differ slightly, but you won’t find substantial differences for the most part.
For instance, FanDuel Sportsbook has the 49ers favored by 1.5 points on the spread, while BetMGM Sportsbook has them favored by 2 points. It’s a disparity, but a small one. The lines are subject to fluctuation, too.
You might see a half-point difference on the spread or Over/Under , but probably not much more than that.
Moneyline odds will be comparable as well, and in some cases exactly the same. FanDuel has San Francisco as a -132 favorite while DraftKings Sportsbook has -120 odds on the Niners.
It’s still worth price shopping at different Super Bowl betting apps to see if you can gain an edge, but don’t expect to find a big one.
Super Bowl odds change for several reasons.
The main one is sportsbooks responding to public perception. As mentioned, the Super Bowl attracts many bets from casual and expert sports bettors alike.
With so much action coming in, Super Bowl betting sites want their lines to be as accurate as possible. If the odds are off by even a little, it could end up costing a sportsbook millions of dollars.
Accordingly, sportsbooks will adjust the lines as needed based on which sides bettors are taking. If a bunch of money starts pouring in on the 49ers, for instance, and they end up with 70% of the handle , sportsbooks will adjust the odds to make San Francisco a heavier favorite and Kansas City a bigger underdog.
The lines also move because of the two-week lead-up to the Super Bowl. That gives sportsbooks extra time to assess the betting trends and alter their lines as needed.
Lastly, Super Bowl lines can also be affected by injury updates or major news relating to the two teams. If Christian McCaffrey tore his ACL during practice the week before the Super Bowl or Aaron Rodgers goes missing in a cave somewhere, that’s going to shift the odds considerably.
Understanding Super Bowl Odds
Before placing a bet on the Super Bowl, it’s important to know how much you stand to win.
Fortunately, Super Bowl betting payouts are easy to calculate with some simple math.
Most U.S. sportsbooks offer American odds, which are based around 100. Odds with a minus sign represent a favorite and indicate that you’ll need to wager more money for a significant payout, whereas odds with a plus sign are considered less likely to hit and come with higher payouts.
For example, say the Super Bowl has the following moneyline odds⁚
Chiefs⁚ +105. 49ers⁚ -120.
If you wager $100 on the Chiefs, you stand to win $105 in profit. If you wager $100 on the 49ers, your profit would be $83.33. To win $100 on San Francisco, you’d need to risk $120.
Most sportsbooks do the math for you and show your potential payout when you place your bet. If you want to crunch the numbers yourself, follow these formulas⁚
To calculate winnings with a minus sign (-)⁚ [Wager Amount / (Odds / 100)] = Profit
To calculate winnings with a plus sign (+)⁚ [(Odds / 100) x Wager Amount] = Profit
Calculating your payouts by hand can be a helpful pre-game strategy, but you probably want to avoid doing it during the game, as live betting odds can change quickly.
Unlike regular-season NFL games, which can feature lopsided matchups with large spreads and moneyline odds, the Super Bowl is more likely to be an equal contest with close to even odds.
The spread will typically be around a field goal and is usually less than a touchdown. The spread for the last 15 Super Bowls has been less than 7 points٫ indicating a close matchup. Ten of those games had spreads of a field goal (3 points) or less.
Moneyline odds are usually close to even, as you typically won’t see one side listed as a major underdog. These odds will often be in the /- 100 to 200 range٫ as there usually isn’t an obvious favorite. Bettors should prepare to split hairs and go with their guts when deciding which team to back.
Lastly, the Over/Under tends to be a bit higher for the Super Bowl because it often features two talented quarterbacks and potent offenses. Super Bowl 58 has an Over/Under around 47, which is the lowest Super Bowl total since 2016. However, it’s still several points higher than the regular-season average, which is typically in the 43-45 point range.
Now you know what to look for when exploring Super Bowl lines. If you come across something drastically different, it could be worth investigating further.
Types of Super Bowl Bets
Online sportsbooks release hundreds of betting markets, so the options are nearly endless. On Super Bowl Sunday, the 49ers were slight favorites on the moneyline and spread .
Super Bowl odds amp; betting lines explained. In addition to the bets we discussed above, the main types of Super Bowl betting include the money line, point spread and game totals. All of the bet types are explained below⁚ Money Line⁚ The money line is a type of bet that just refers to who will win the game. Here you will be picking a winner ...
To play Super Bowl squares, you must make a 10×10 grid with 100 squares. A printable version of this template can be found here. If making the squares yourself, include a blank row and blank column for drawing numbers. Place one team on top and the other team on the side.
For the Super Bowl, DraftKings Sportsbook has the total set at 50.5 points, with odds of -110 on either over or under. Again, a wager of 11 on over 50.5 would win 10 if there are 51 or more points scored by the Chiefs and the Eagles combined (eg 27-24, 34-28 or 41-14). An 11 bet on under 50.5 would win 10 if 50 or fewer points are scored by ...
Oh and before you do, here are the best odds for the Super Bowl. Super Bowl Favorites Against The Spread. Traditionally favored teams have mixed results when it comes to covering the Super Bowl spread. From 2011-2021 favorites have gone 4/11 five if you count NEs Pick Em vs. Seattle against the spread.
The Super Bowl bet with the biggest payout relies on a number of factors, including the teams involved, the odds on each wager, and catching good value on line movement. Looking for the biggest payout often comes with more risk, so chasing the largest possible winnings isn’t always so simple.
The best way to bet on the Super Bowl is using a legal sportsbook like FanDuel, DraftKings, Barstool Sportsbook, BetMGM, or Caesars Sportsbook. You can’t go wrong betting on the Super Bowl as long as you’re wagering responsibly.
Super Bowl Live Betting
Calculating your payouts by hand can be a helpful pre-game strategy, but you probably want to avoid doing it during the game, as live betting odds can change quickly.
The public largely continues to back the over, with 67.6 of bets on a high-scoring game at ESPN BET. One day before kickoff, the Super Bowl point spread appears locked in with the San Francisco 49ers listed as consensus 2-point favorites over the Kansas City Chiefs, and the over/under at 47.5...
The higher the percentage, the better chance you have of winning. However, if you make less profit, the higher your percentage. Bettors therefore need to strike what they feel is a comfortable balance between likelihood and risk. As we explained earlier, American odds are positive and negative.