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5 Ways To Bet On The Super Bowl LII
Learn the 5 most popular ways to bet on the Super Bowl LII with our handy guide. Get ready for the showdown on Sunday February 4th.
The Super Bowl is easily the most well-known, highly-anticipated, and ubiquitously watched sporting event in the United States. The World Cup of Soccer might be the most watched championship game in the world. However within the United States, there’s simply nothing that can come close to the NFL game’s popularity. And, of course, with the popularity of gambling on NFL games that take place within the regular season and even the playoffs, it would naturally follow that the Super Bowl is also the most gambled-on sporting event in the United States.
The 5 Most popular Ways to Bet On The Super Bowl
Whether it’s through bets made through a sportsbook, within an office pool, or amongst friends gathered at a viewing party. There is often tons of money that is made because of what takes place during this game.
Here is our list of some of the most popular ways to bet on the Super Bowl LI. If you so happen to be interested in making a wager take a look at our recommended NFL sportsbooks too:
Of all the ways to bet on the Super Bowl the “moneyline” is the most traditional. It is also the simplest bet a gambler can make. You’re making a wager on which of the two teams wins the game outright. This is irrespective of the final score of the game or the margin of victory. However, this bet is not as simple as it seems. This is because there are often odds attached to both teams. This simply means that the return for making a wager on a particular team varies.
If you place a wager on a team that’s favored to win, your successful bet will not have the same return as if you wagered on the team that’s not supposed to win, and that team happened to pull off the bet. The odds assigned to each team in a moneyline wager create an active and balanced market for both sides of a bet.
2. The Spread
The most classic way for a bettor to place a wager on the Super Bowl, or any NFL football game for that matter, is by betting “against the spread.” Simply put, you’re placing a wager as to whether the “favorite” will win by a certain amount of points. This is established by the oddsmaker. It is is referred to as “the spread.” When you look at the match-up of two teams, you’ll either see a team with a “negative number” in front of it, or the word “EVEN” next to it.
If there’s a negative number next to a particular team, it means the team is favored to win by that many points. For instance, in Super Bowl 50, the opening spread of the game was “Carolina -3.5,”. This meant the Panthers were favored to win by at least 3.5 points. So, as the bettor, you can either wager that Carolina will “cover” this spread, meaning they will win the game by 3.5 points or more, or you can wager on Denver, meaning you’re wagering that Carolina will not win by at least 3.5 points.
On a side note: if you see the word “EVEN” next to the team, that means that there is no spread between the team. Your bet is simply in regards to which team will win, regardless of the final score.
The over/under is when bettors wager that the total combined score between both participants in the game will either exceed or fall short of a number that the sportsbook has established. As an example: if the sports book establishes that the over/under for a particular game is 60 points, then your wager will be based on whether you believe that the combined score between both teams will be more or less than 60 points. If you bet the over, you think both teams will have a combined scoring output more than 60. If you bet the under, you are wagering that the combined scores of both teams will be less than 60.
4. Prop Bets
A “proposition bet”, which is more commonly known as a “prop bet,” is a wager placed on whether a particular occurrence or circumstance will take place in a game. This usually has minimal associating with the final score or outcome of the game. In American football games, there are a whole myriad of prop bets you can make. These span from anything including the overall time of the football game. The number of specific events that take place for each individual player or team. The types and distances of scores made by each team. Even down to the color of the Gatorade. The sports performance drink which each team has on the sideline (and often douses their coach with when that team wins the game).
In the case of ways to bet on the Super Bowl, sportsbooks around the world create dozens upon dozens of individual prop bets for which wagers can be made, and assign various odds for payout if those wagers turn out to be correct.
5. Super Bowl squares
This is perhaps the most common type of gambling/wagering game ways to bet on the Super Bowl. It takes place among a pool of competitors. It is usually made within a home in which a Super Bowl party is being hosted. Simply put, the administrator of this game creates a 10 by 10 grid. This consists of 100 squares. He or she then sets a price in which bettors can “purchase” the rights to one of those squares.
Once all the squares have been purchased and accounted for, the administrator writes the name of each one of the two teams has their names written across the X-axis and Y-axis of the grid, and then the numbers 0, 1, 2, 3, 4, 5, 6, 7, 8, and 9 are assigned at random to each row along both axes.
The administrator will then establish how much money has been collected. This is based on the funds gathered from people purchasing those squares. You would then divide that number by four. At the end of each quarter, whatever the last digit of the score of each team is, whoever has the square which matches those coordinates wins the funds allotted for that quarter. So, using Super Bowl 50 as an example, Denver led Carolina 10-0 after the first quarter.
So, whoever had the square which corresponded with “O” on the Denver side and “O” on the Carolina side would win the funds for that quarter. Similarly, the halftime score of that game was 13-7 in Denver’s favor. So whomever had the square which corresponded with “3” on the Denver side and “7” on the Carolina side would win the funds for the second quarter.