How to Make Super Bowl Bets Online; See the Steps to Making Your Bets at Online Sportsbooks
- People were betting an estimated $7.6 billion on the Super Bowl last year
- Many newcomers to sports betting sign up for an online sportsbook account in time to bet on the Super Bowl
- If that’s you, this handy how-to-make-Super Bowl bets online guide is here to help
The Super Bowl game is often referred to as sports betting Christmas. That’s because it’s the biggest single day of sports wagering annually in the USA. And that amount has only grown exponentially each year since legal and regulated online sports betting began in the country in 2018.
Just as New Year’s Eve is the party that everyone attends, the Super Bowl is known as the event that everyone bets. It could be as simple as partaking in an office pool, but it’s also a popular time for new sign-ups at online sportsbooks.
If you’re one of these neophytes who are new to the world of online sports betting, there’s good news today. We’re here to help. The following handy guide on how to bet the Super Bowl outlines everything a newcomer needs to know about betting on the Super Bowl.
Can I Bet on the Super Bowl?
If you live in a state where sports betting is legal and regulated, yes, you can wager on the Super Bowl games.
This year’s Super Bowl matchup between the Philadelphia Eagles and Kansas City Chiefs is a first in the history of the game. Philadelphia is playing in the team’s fourth Super Bowl. The Eagles are 1-2 in previous appearances. As for the Chiefs, they are 2-2 in four prior Super Bowl appearances. In the Super Bowl odds, the Eagles are 0-1 when favored to win the game, while the Chiefs are 1-1 as a betting underdog and are 1.5-point underdogs on Sunday.
Jalen Hurts Super Bowl MVP (+120) pic.twitter.com/OOb1deofai
— DraftKings Sportsbook (@DKSportsbook) February 6, 2023
Oddsmakers are setting the Eagles as 1.5-point favorites to win the game. Kickoff of Super Bowl 57 is set for 6:30 pm ET at State Farm Stadium on Sunday, February 12 in Arizona.
Ways to Bet on the Super Bowl
You may ask yourself, what does that -1.5 next to the Eagles mean in terms of sports betting? That’s called the point spread and in football, it’s the most popular method for wagering on games. The minus number next to the team means that they are favored to win. A plus number is assigned to the underdog in the game.
Another way to wager on the game is via the moneyline. Again, favorites are designated with a negative number, while underdogs get a positive number.
A truly simple way to wager on the big game is by playing the total. People like easy Super Bowl bets such as the over/under. A number is assigned to the amount of points that will be scored in the game. You bet on whether the teams will combine to go over or under that total.
Same-Game Parlays a Newer Super Bowl Wager
Same-game parlays, taking a number of outcomes in the game and combining them into one bet, is a way to place a small wager and create the potential for a hefty payout. But remember, all legs of the parlay must come in for the bet to cash.
Live betting is another relatively new way to wager on the game. With this style of betting, you are wagering on outcomes that occur during the game, such as which team will score the next touchdown.
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Super Bowl prop bets are the great equalizer in sports betting. What are prop bets? In the Super Bowl, they can be game-related or novelty props. You get to play a football-related prop such as will Eagles QB Jalen Hurts go over or under his passing yardage total? Or with Super Bowl novelty props like the outcome of the coin toss or the color of Gatorade dumped over the winning coach, you don’t even need to know football to place a bet.
It’s actually possible to bet on the next Super Bowl the moment the current game ends. Sportsbooks will quickly post future odds on teams winning the upcoming Super Bowl.
What Is the Moneyline?
The Super Bowl moneyline currently shows the Eagles as -125 favorites and the Chiefs are +105 underdogs in the image below. What is the moneyline, though?
A moneyline is based on a hypothetical $100 wager. At +105, that means if you bet the Chiefs and they win the game, the payout on the wager will be $105. Combined with the return of your $100 stake, you’d now have $205.
In the case of the favored Eagles, the -125 line is based on how much you’d be required to wager in order to realize a $100 profit on your moneyline bet. In this instance, that amount would be $125.
To place this wager, you first click on the team you want to bet. That will move your choice onto a betslip. Next, add the amount of your wager. Click complete and your bet is placed.
What Is the Super Bowl Spread?
Wondering what is the spread for the Super Bowl and how does this bet work? As noted above, the Eagles are set as 1.5-point favorites over the Chiefs.
When looking at a football betting line, the spread is the first number listed next to the team’s name. Should you choose to bet on the favored Eagles, that means in betting terms, you are laying 1.5 points. In other words, it’s like spotting the Chiefs a 1.5-0 lead before the opening kickoff.
For a bet on the Eagles to cash, they’ll need to win the game by a minimum of two points to cover the 1.5-point spread. However, if you choose to wager on the underdog Chiefs, you’re getting 1.5 points. If Kansas City wins, or the Chiefs lose by less than two points, your bet is a winner.
Odds are assigned to each team’s point spread. In this case, it’s -110 for both clubs. Similar to the moneyline explanation, this is how much you need to wager ($110) in order to realize a $100 profit on your bet.
To place this wager, you first click on the team you want to bet. That will move your choice onto a betslip. Next, add the amount of your wager. Click complete and your bet is placed.
What Is the Super Bowl Over/Under?
The total, also known as NFL over/under bets, is easy to place. It doesn’t matter which team wins the game. All that matters is that they combine to exceed or go under the assigned total points for the game, depending on which way you opt to play the wager.
The total for this game is 50 points. That means if you think the Eagles and Chiefs will score more than 50 points, you bet the over. If you don’t think they’ll combine to put 50 on the scoreboard, play the under. A score of 51 or more points would cash an over bet. A score of 49 points or fewer would cash an under ticket. If the score lands right on 50, you would “push” or tie and your initial wager would be returned.
Odds are also assigned to each team’s total. Again in this case, it’s -110 for both clubs. Similar to the moneyline explanation, this is how much you will be needing to wager ($110) in order to be realizing a $100 profit on your bet.
To place this wager, state by clicking on the team you want to bet. That will be moving your choice on to a betslip. Next, add the amount of your wager. Click complete and your bet is placed.
Where to Bet on the Super Bowl?
There are a number of popular US betting sites that will accommodate all of your Super Bowl betting needs. And all of them are currently offering lucrative Super Bowl promos to new players.
Bet the Super Bowl at DraftKings and you’ll be instantly unlocking $200 in bonus bets with the latest DraftKings Sportsbook promo code for the Super Bowl.
With the Caesars Sportsbook promo code for the Super Bowl, you can be garnering up to $1,250 in sign-up bonuses by registering for a new account and betting on Super Bowl 57.
With the BetMGM Sportsbook promo code, signing up and registering for their Super Bowl promo today unlocks $1,000 in bonus money for the big game.
For new account holders at FanDuel, the FanDuel promo code will refund your first bet on the Super Bowl up to $3,000 with bonus bets if it is failing to hit. This is the one of the largest Super Bowl betting promotions on the market.
Best of all, there are no limitations on how many online sportsbooks you can join. So you can be taking advantage of any or all of these Super Bowl betting promo offers.
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An industry veteran, Bob literally taught the course on the history of sports at Elder College. He has worked as a Sports Columnist for Postmedia, appeared as a guest on several radio stations, was the Vice President of the Society For International Hockey Research in Ontario, and written 25 books.
