Everything you need to know to bet on the big game
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The Super Bowl is undeniably one of the biggest sporting events of the year and a favourite for bettors across the globe. Whether you’re a seasoned bettor or new to wagering, the Super Bowl is one of the marquee events for all levels of sports bettors. Let’s take a look at some of the several different ways to bet on Super Bowl 57.
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Super Bowl 57
The teams are set as we’re down to two in the NFL. Patrick Mahomes and the Kansas City Chiefs will look to inch closer to dynasty status, while Jalen Hurts and the Philadelphia Eagles are aiming to prove they are the real deal.
Mahomes and Co. punched their ticket to this year’s big game in a rematch of last year’s AFC title game. The Chiefs downed Joe Burrow and the Cincinnati Bengals 23-20 thanks to a late penalty and a last-minute field goal.
The Eagles had a different approach in the NFC Championship game, blowing out the San Francisco 49ers 31-7 in a contest that was never really in danger.
How to bet on Super Bowl 57
The betting odds above show the three most common wagers you can make on the big game: moneyline, point spread and Over/Under bets. In this example, the Eagles are favoured to win (-126), while the Chiefs are underdogs (+104). You can always tell the team favoured to win as their number is shown with a minus sign (-), while underdogs have a plus sign (+).
We’ll explain moneyline betting below as well as some other betting options available.
Super Bowl moneyline betting
Moneyline betting is one of the simplest options available. A moneyline bet is a wager on who you think will win the game. It’s great for both beginner and experienced bettors.
Kansas City is an underdog priced at +104 in this example. That means if you place a $100 bet and they win, you will earn $104. If you bet Philadelphia, favoured at -126, you would need to wager $126 to earn $100. The riskier option is the underdog, but the payoff is always higher if they pull off the upset.
Super Bowl point spread betting
One of the most popular options for betting on the Super Bowl, and football in general, is the point spread. Betting on the point spread isn’t betting on which team will win, but rather how many points the game will be won or lost by.
In the example above, Philadelphia is favoured to win by two points against Kansas City. So, to win if you bet on the Eagles, they would need to win the game by three points or more to cover the bet. If you bet on the Chiefs, you win if they win the game by any margin or lose by one point. A two-point Eagles win results in a push. A push is a tie between the bettor and the book and usually results in your wager being refunded.
During the regular season, it’s possible for point spreads to go higher than 10 points if there is a mismatch between the teams. Because the Super Bowl is played between the best team in the AFC and the best in the NFC, the point spread is usually smaller.
Super Bowl Over/Under betting
The Over/Under, also known as a Totals bet, is a wager on whether the game’s final score will be Over or Under the number given.
The Over/Under, or Total, for this year’s Super Bowl is listed as 50.0. That means you are betting on the combined final score for each team being Over or Under 50 points. For a game that features two elite quarterbacks, like Patrick Mahomes and Jalen Hurts, many bettors will take the Over.
The number listed for the total is accompanied by a price for that bet, similar to the way moneyline betting works. In the example above, the Over is listed at -110 and the Under is -109. That means you would need to bet $110 to earn $100 with the Over, while you would need to bet $109 to earn $100 with the Under.
Super Bowl prop betting
Prop bets, or proposition bets, are very popular for the Super Bowl and oddsmakers love to get creative with these. These bets can be more stats based like how many passing yards a quarterback will have in a game, or they can be completely unpredictable like what colour Gatorade will be dumped on the winning coach’s head.
The prop bet example above is an Over/Under bet on the total number of passing yards each quarterback will finish with. Patrick Mahomes is listed at -120 to pass for more than 287.5 yards in the game, while Jalen Hurts is -120 to throw for over 242.5 yards. This is an example of just one of several different player props available to bet on for the Super Bowl.
Other player props could be which quarterback will throw the first touchdown, which defensive player will catch the first interception and who will be Super Bowl MVP.
Prop bets are not limited to game stats — you can bet on almost anything when it comes to the Super Bowl. Other popular prop bets include who will win the coin toss, will the coin toss be heads or tails and will the winner of the coin toss win the game.
One of the most popular Super Bowl traditions involves the winning team dumping a giant barrel of Gatorade over the head coach and you can be sure there’s a prop bet for that, usually based on what colour the Gatorade will be.
Are you more of a music fan? You’re covered there as well. The Super Bowl halftime show is one of the most anticipated performances at a sporting event in the world and with Rihanna headlining in 2023, you can bet on which song the R&B superstar will perform first.
If you’re into the country scene, you can make a wager on how long Chris Stapleton’s rendition of ‘The Star-Spangled Banner’ will last from the first note sung to the last note.
Super Bowl live betting
Live betting is quickly becoming one of the more popular ways to bet on games as bettors feel like they’re directly in the action. Live betting is an immersive way to get in on games as it allows you to bet on things like the very next play as the game is happening. For example, if you think Kansas City’s Travis Kelce will catch the next touchdown pass, you can place a bet during the game. Think Patrick Mahomes is due to throw an interception on his next pass? Make a live bet on it.
Some odds, like who will win Super Bowl MVP, will change throughout the game based on individual players’ performances. If you think Jalen Hurts is a clutch player and have a good feeling about him stepping up, get in early, during the game, on his MVP odds.
Bet on the Super Bowl here.
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