The Super Bowl is the Holy Grail for bettors and fans alike across the pond. Each year, over 26 million Americans pull the banknotes out of their wallets to bet on the Super Bowl – a staggering $7 billion of wagers.
It’s a tradition that has gained even further traction since the legalization of sports betting in the United States. You may think: “Yes, but the house always wins!”, but you would be wrong. This has not been the case in the past couple of years. On the contrary, American bettors shared the larger chunk of the riches among themselves. We want to keep this trend alive. In this article, you will learn how to bet on the Super Bowl.
Where to Bet on the Super Bowl
The Super Bowl is far more than a chance to witness the season’s resolution. It’s a chance to boost your bank account with the right call.
While a big array of betting platforms exists in the US, we recommend DaftKings, FanDuel, and PointsBet. These operators also offer generous welcome bonuses, $1000 cash and free spins, to new users. So, apart from any potential winnings from the Super Bowl, you will also get rewarded for simply entering the scene.
To find more sportsbook sites you can bet on the Super Bowl, visit Bet2Win.
Super Bowl Betting Types
Before explaining the types of bets, you should understand the difference between ‘underdog’ and ‘favorite’. Bookmakers employ dozens of analysts, who evaluate the likeliness of a sports side to emerge victors.
The underdog is the side that bookies deem to be less likely to win the Super Bowl. They are marked with the “+” symbol, with odds generally higher than the favorite.
In contrast, the favorite is the side odds-makers expect to win the Super Bowl. They are marked with the “-“ symbol.
Now let’s examine the betting types:
Super Bowl Betting Types
The moneyline bet is the simplest type, where you bet on who wins the Super Bowl.
As an example, let’s take Daftkings’ evaluation of two sides taking part in Super Bowl 2021. Favorites Kansas City Chiefs are given -159 and underdogs Tampa Bay: +140. This means that a $100 wager on the Chiefs will get you $163 in winnings, while Tampa Bay – $240.
The spread bet is all about the final score, adding points to the underdog’s score and subtracting points from the favorite’s score.
The over/under bet is a bet on the total number of points scored by both teams at the end of the game. You bet over a certain number or under it.
Another bet with potential for high profits is the ‘Super Bowl Futures’ bet. Here, you bet on who will win the Super Bowl before the participating teams are even decided. Odds are excellent, but the chance to get your prediction wrong is substantial.
Prop Bets are bets on specific in-game details, like the duration of the national anthem, who wins the coin toss, and so on.
Parlays are tricky to catch bets that promise mouthwatering rewards. They are, basically, bets consisting of several predictions (called legs). If you get all of them right, you hit the jackpot, but if you fail to get one right, the whole building collapses and the sportsbook collects your stake.
Super Bowl Betting Tips
To bet successfully, you need to do your research and devise a plan that reduces risk to the minimum. Here are some things to consider:
Underdog vs Favorite Trends
To date (Jan 2021), the score is 36-18 for favorites, but underdogs have won 6 out of the 9 last Super Bowls.
Teams Past Results
A good indication of how the Super Bowl might turn out is to look at the results between the two teams from the regular season.
Consider whether one of the teams possess players who have won the Super Bowl before. Is the team at full strength on the night?
The Mob is Not Always Right
Don’t fall into the bandwagon trap. If 70% of all bettors think that the favorite will win, it doesn’t necessarily mean it will turn out this way. Many bettors choose to make their advantage (because of the higher odds) and bet against the popular opinion.
To conclude, use the above tips to upgrade your betting arsenal. We hope they will bring you success. But there’s only one way to find out: place your wager on the Super Bowl!