How to Bet on the NFL Super Bowl and Bets You Should Consider
Discover how to place bets on the NFL Super Bowl and the many wagers you might place during the big game.
In addition to being one of the most watched athletic events of the year, the NFL Super Bowl is also one of the most wagered on. An estimated 26 million bettors would wager roughly $6.8 billion on the big game in 2020.
Even those who don't often wager on sports can do so with the Super Bowl. You may be a devoted pigskin fan, have little knowledge of football or the players involved, or you may just be rooting for your hometown club. Either way, it's simple to get swept up in the thrill of this final game.
But if you've never placed a Super Bowl wager before, you probably need some advice. Learn how to wager on the NFL Super Bowl and discover some of the wagers you should think about placing before to kickoff by continuing to read.
Is it legal to wager on the NFL Super Bowl?
The U.S. Supreme Court overturned the federal prohibition on internet sports betting in 2018, which included wagering on the NFL Super Bowl. This important ruling made it possible for legislation to be passed in 18 states as well as Washington, D.C., allowing sports betting and the use of sportsbooks. In August 2020, the following was on this list:
- Arkansas
- Colorado
- Delaware
- Illinois
- Indiana
- Iowa
- Michigan
- Mississippi
- Montana
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- Oregon
- Pennsylvania
- Rhode Island
- West Virginia
- Washington, D.C.
Legislation is in the works in about 13 additional states; if it isn’t legal in your state yet, it could be soon.
Where Are You Betting During the Super Bowl?
Betting on the Super Bowl can be done in a variety of ways. There may be a betting pool at some workplaces, or you may have a friendly wager with family and friends. Even if you're just having fun when betting at work or with friends, you should still be cautious and notify the IRS of any winnings over $600.
However, there are many official betting channels. In states where sports betting is now permitted, there are establishments referred to as sportsbooks. You can wager on the Super Bowl and other athletic events at safe havens known as sportsbooks. Additionally, there are virtual sportsbooks that accept bets online.
How Should I Choose a Team on Which to Bet in the Super Bowl?
Moneyline betting in sports betting refers to wagering on the game's most straightforward outcome (winner and loser). It's quite easy to understand: You win your wager if the team you bet on wins the game. So which team ought to you wager on?
For most sports bettors, choosing a Super Bowl team to wager on can often be an emotional decision rather than the easiest one. Perhaps you've been an ardent supporter of the New England Patriots or San Francisco 49ers since you were a young child and your team has finally made it to the Super Bowl, or perhaps you have no knowledge of either team but prefer the color of one team's jersey—the green of the Green Bay Packers or the aqua of the Miami Dolphins, for example.
You may choose to wager on the team from your conference that qualified for the Super Bowl this year because your team may be in the AFC or NFC. Alternatively, you may want to wager on your favorite player because he has moved to a different team (such as Tom Brady to the Tampa Bay Buccaneers).
Before Super Bowl Sunday, you should consider your betting strategy if you're hoping to win big. In that scenario, comparing the two teams that advanced to this final game ought to be your initial move. How did they all fare over the course of the season? Were they expected to win handily from the start?
More importantly, heading into the Super Bowl, which club has the highest chance of winning? Next, choose between taking a risk on the more intriguing wager or the safest one. You can potentially increase your winnings if you wager on the team with the worse chances of winning. Because moneyline bets are so easy to understand, they typically have a smaller reward.
What Other Football Super Bowl Odds Are There?
There are additional kinds of wagers that can be made on the Super Bowl. These wagers are more difficult to place and call for a little more game understanding. Here are some examples of these wagers and how to place them.
Point Spread Betting
Rather than betting on which team will win the game, you’re betting on the score of the game. This kind of wager is also known as "handicap betting" or "betting the spread."
These are particular wagers where you wager on either Team B losing by a certain number of points or Team A winning by a certain number of points. This kind of wager necessitates extensive study as you must evaluate the chances of each team winning. Even if a team wins the game, it probably won't be by a significant margin if they are the obvious underdog. Examining the prior head-to-head outcomes between these two teams in the regular season is also crucial. You may get a sense of how their Super Bowl matchup might play from this.
Each club will have a point spread determined by oddsmakers prior to the game. The point spread can serve as a bit of an equalizer if the teams competing differ significantly from one another. When the point spread is shown, the favorite team's point spread will have a minus sign in front of it and the underdog team's point spread will have a plus sign next to it.
Assume that Team A's point spread is -6.5 and Team B's is +6.5. Team A is the favorite in this situation. If you placed a wager on Team A, you will profit if they win by a margin of at least seven points. In the meantime, if you wager on Team B, you stand to gain if they either win the game to cover the spread or lose by a margin of one to six points.
It's crucial to remember that point spread wagers normally have odds of -110, meaning you have to wager $110 in order to win $100.This amount isn't fixed in stone, though.
Total Bet Stakes
Total bets are wagers made on the game's overall score after accounting for the scores of each team.You have two options for placing a wager: you can wager on the precise amount or that the result will total more or less points. Because of this, this kind of wager is also known as over/under betting at times. Additionally, total bet odds are often -110.
Prop Bets
Super Bowl prop bets are another way that sports bettors can concentrate their wagers on the accomplishments of particular players. You can place a wager exclusively on the amount of yards Patrick Mahomes throws for the duration of the game if you'd rather wager on him than the Kansas City Chiefs. In a similar vein, if a quarterback, such as Jared Goff of the Rams, has a high season-long passing yard total, you may want to take his chances of scoring a touchdown in the Super Bowl into account. The player who will be chosen MVP is a common prop bet for the Super Bowl.
Instantaneous Betting
In-game betting, or live betting, is precisely what it sounds like: Sports gamblers place bets on the game as it is happening in real time. This makes for an entertaining way to gamble on NFL games as the odds are constantly changing with every play or possession.
Upcoming Video Games
The Super Bowl is a perfect opportunity to wager on future games because of the hype of the big game. This might apply to other sports, the NFL season as a whole, or even the upcoming Super Bowl.
Locate a Super Bowl Betting Platform
Allow GamblersPick to assist you in locating the best online sportsbook or gambling platform if you're interested in betting on the Super Bowl or other NFL football and sports events. While not all sites allow sports bets, we can help you find the best options.
You can use our extensive website to search for online betting sites that meet your requirements by entering your location, chosen payment method, type of betting, and other details. Additionally, we have a vibrant community of real-world players and sports bettors who discuss their individual experiences with various casinos and gambling sites to assist you in selecting the ideal one.
