Top 2022 Super Bowl Betting sites, Odds & Strategy

Super Bowl betting in Las Vegas sportsbooks surpassed $119 million dollars in 2021.

Worldwide figures are estimated to be 40 times larger, totaling a whopping $4.76 billion dollars.

From casual bettors to professional gamblers, those wanting to place action on the game grow year over year.

Best NFL Super Bowl betting sites + Bonuses

BetOnline Review BetOnline Review

$1,000 Welcome Bonus

Join the BetOnline sportsbook for top odds on all major sports and leagues - discover more info in the Stats Center, together with betting patterns. Excellent variety of props and futures bets. Top notch Racebook covering minor and significant tracks. Plus live virtual Casino with Blackjack tourneys and cash back offers.

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MyBookie Sportsbook Bonus MyBookie Sportsbook Bonus

Up to $1,000 MyBookie Bonus on your First Deposit

Leading worldwide online sportsbook from Costa Rica. Allows US bettors from most states and has great odds, props and future lines on all NFL action.

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18+ Terms & conditions apply
Sign-up Bonus will be credited in a form of Free Play.
We match 100% of your first deposit as a bonus.
The maximum Bonus to be awarded is $1,000.
This bonus requires a minimum deposit of $45.
There’s a 10x Rollover attached to this promotion.
Promotion is valid on your first deposit only.
Redeem the promo code MYB50 in the cashier in order to get this bonus.
You must have a successful deposit in order to get the bonus credited to your free play balance.
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General House Rules Apply.
Xbet Sportsbook Xbet Sportsbook

100% Sign up bonus up to $500

Join a new Vegas style Sportsbook and Casino with Live betting, 24/7 Customer service and personalised betting. Enjoy fast fee free payouts and secure betting at the gambling site.

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100% Sign up bonus up to $500 Terms:
Min. Deposit of $50 or more
New Players only
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Xbet reserves the right to alter or amend the terms and conditions of this promotion at any time without notice. General House Rules Apply. 18 + only.

Superbowl 56 To Win Odds

Superbowl 56 - To Win prices taken at 28/09/2021 and subject to change.
NFL TeamOdds +
Kansas City Chiefs450
Tampa Bay Buccaneers450
Los Angeles Rams800
Buffalo Bills900
Green Bay Packers1000
San Francisco 49ers1100
Baltimore Ravens1200
Cleveland Browns1300
Seattle Seahawks1600
Los Angeles Chargers1600
New Orleans Saints2000
Tennessee Titans2000
Arizona Cardinals2200
New England Patriots2200
Denver Broncos2200
Dallas Cowboys2400
Pittsburgh Steelers2500
Las Vegas Raiders2800
Miami Dolphins3000
Indianapolis Colts4000
Minnesota Vikings4000
Washington Football Team4000
Carolina Panthers4000
Philadelphia Eagles6000
Chicago Bears6000
New York Giants8000
Cincinnati Bengals8000
Atlanta Falcons10000
Jacksonville Jaguars10000
Houston Texans15000
Detroit Lions15000
New York Jets20000

Get MyBookie NFL Odds HEREGet MyBookie NFL Odds HERE

Super Bowl Betting Strategy

Obviously, whether a simple $10 bet is being placed, or a seven-digit wager is on the line, one wants to employ a wagering strategy that will yield the best chances of winning.

Super Bowl 2022

Taking into account the wide ranging varieties of Super Bowl betting that are available, using a strategy that is centered on the favorite can yield a positive outcome.

When you bet on the favorite you are following the money flow.

Your bet resides where the majority of the money is being wagered. Of course, as these money flows increase, the Super Bowl betting spread, as well as the money line, increases.

What does this mean if you are planning to wager on the favorite?

  • It means that you should get in as early as possible.
  • This is especially true if your team is strongly favored.
  • While spreads and money lines do fluctuate in both directions, runaway Super Bowl favorites will usually offer you the best value early on.

It is best to get your bet in before the influx of money widens the spread that must be covered or makes the money line sky rocket.

Getting in at -9 1/2 is way better than waiting until your team is -11.

Likewise, laying 280 to win 100 is a much better value than having to lay 350 to win the same amount.

Most common Super Bowl Bets to make

Which Super Bowl bet should you make?

Take a look a these most common wagers and be informed.

Money Line Bets

Some Super Bowl betting wagerers find money line bets as the most secure way to back a heavy favorite. However, this level of wagering security does come with some sacrifice, namely in your risk to reward ratio.

  • The amount that you risk will be one-and-a-half to three times larger than the amount that you expect to win.
  • The attractive side to this is that you don't have to worry about your team covering a spread. A straight up win is all you need.

Alternate Point Spreads

The traditional bet for the favorite to cover the spread, however, also has derivatives that savvy bettors can take advantage of. These come in the form of alternate point spreads.

Take as an example a team that is favored to win the Super Bowl betting by 10 1/2 points.

Following your analysis you feel confident that your team will win, but you feel that a margin of victory larger than a touchdown and a field goal is just too large for your comfort zone.

You'd feel much more comfortable if your team only had to cover 6 1/2 or 7 points.

This is where alternate point spreads have a role in your “follow the favorite” strategy.

You can “purchase” alternate point spreads for the favorite, making the spread more palatable.

These alternate spreads can be used to increase or decrease the normal spread in half-point increments.

Of course, this action comes with a cost.

Whereas placing a bet with the normal spread is a -110 proposition, you risk 110 to win 100; using alternate spreads modifies the money line that is attached to it.

The narrower that you make the spread that the favorite must cover, the more expensive that the money line becomes.

Alternate Point Spreads Example

As an example, if the normal Super Bowl betting spread has the Patriots as minus 10 1/2 favorites, and you want to take the Patriots with an alternate spread of minus 9, the amount that you are expected to risk to win 100 might jump to 185, up from the standard 110.

Alternate spreads can also be used to leverage up your potential winnings.

If the spread for the Super Bowl favorite is, by your trusted analysis, too low, you can increase this spread above the normal line.

Make a 6 1/2 point favorite a 7 1/2 point favorite, as an example.

In this case, if the favorite covers the higher alternate spread you could win, say, 135 for each 100 wagered.

By taking on slightly more risk, your reward increases as well.

The same ‘alternate spread' concept also applies to the over/under line. By either lowering or raising the normal total line, you can take on more security for your bet by sacrificing the amount of your potential return, or you can increment your potential winnings by assuming larger risk.

Bet on Super Bowl's Quarters and Halves

A variation of the “bet the favorite” strategy incorporates betting on the Super Bowl's individual quarters and halves.

Just as with the game as a whole, each quarter and half has its own point spread, money line and over/under. This can be seen as playing four games in one.

It also allows for the bettor to take into account the teams actions from the earlier quarters and incorporate them into their live betting strategy.

This allows the bettor the flexibility to follow the actual game flow in addition to the money.

The favorite in one quarter might not be the favorite in the following quarters. It allows for a mechanism to develop to fine tune your wagers as the game progresses.

This can be very useful when there is no clear favorite. Usually in those circumstances it will be the actual play action that will dictate who is the real favorite and the only way to follow the favorite in that situation is with quarter and half betting.

Super Bowl Parlays and Teasers

Parlays and teasers, quite popular with bettors in the regular season, are also available for the Super Bowl.

The only difference being that instead of making your selections across the entire weekly card of matchups, all of your selections must come from the Super Bowl game itself.

Bettors can take the money line and parlay it to the totals, or the spread to the totals.

Depending on the wagering site, some may even allow the bettor to parlay Super Bowl selections with the outcome of other sporting events from that same day.

Super Bowl Prop Bets

Most betting sites and brick and mortar sportsbooks also offer broad menus for Super Bowl prop bets.

Everything, from which team will score first, to whether or not there will be a safety, to the result of the coin toss is included in this motley mix of proposition bets.

While not strictly part of a “favorite strategy” they can serve as a way to add excitement to the game for those that find a “bet the favorite” strategy too boring.

Secure a sound bet on a favorite and use a larger bucket of smaller prop bets to keep the game interesting, so to speak.

What is clear is that using a strategy that focuses on the Super Bowl favorite does not have to deny the bettor of options.

It can be used to lower risk, just as it can be used to maximize reward.

It can even be used to incorporate last minute changes in play analysis once the game has already started.

From every angle, the favorite can bring you, the bettor, a positive outcome.