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Super Bowl Betting

Super Bowl LII is set to take place on Sunday, February 4, at U.S. Bank Stadium in Minneapolis. Bettors will be in for a jam-packed day of betting action on everything from the result of the coin toss to props on the Justin Timberlake halftime show and, of course, countless betting options on everything that will take place during the game.

Betting on the underdog in the Super Bowl has been very profitable in recent seasons, as they’ve gone 12-4 ATS over the last 16 Super Bowls. Prior to the Patriots’ victory last season, the underdog had won outright in five consecutive Super Bowls.

What could set Super Bowl LII apart from past Super Bowls is the very real possibility that it could feature a true home team as the Minnesota Vikings are one of this season’s top contenders. After an unexpectedly strong regular season, the Vikings came into the playoffs with the second-best odds to win the Super Bowl. 

The favorites to win it all are, of course, last season’s champs, the New England Patriots. Tom Brady and company came into the season with +325 odds to win the Super Bowl, which would be an incredible sixth for the team during the Brady-Belichick era.

Be sure to check back often, as OddsShark will have complete betting coverage of the NFL playoffs and Super Bowl.

Super Bowl Betting Options

When it comes to betting on the Super Bowl, there are three forms of straight bets which you need to know about leading up to Super Bowl Sunday:

Moneyline

As one of the easiest and most common methods of Super Bowl betting, a moneyline bet is simply deciding which team will win the Super Bowl. The team you select does not have to win by a certain amount – they just have to win. Moneyline bets can be very rewarding with a great payout if you predict an upset and bet on the underdog. 

For example, the opening line is set for Super Bowl LI and has the Patriots at -155 and the Falcons at +135. This means the Patriots are favored, and you'll need to wager $155 to win $100. Meanwhile, the Falcons are the underdogs, and a $100 wager will result in a $135 payout. 

Point Spread

The point spread is a common bet for intermediate Super Bowl bettors. Essentially, the spread allows for a 50/50 chance of winning your wager. Point spreads range from 3 to 10 points and essentially give the underdog team an advantage before the Super Bowl even begins.

For example, Super Bowl LI opening line was set with the Patriots (-3) and the Falcons (+3). This means that the Patriots are favored, and the Falcons are 3-point underdogs and are awarded 3 points before the game even begins. For those betting on the Patriots, they will have to win by 4 points or more, and for those betting on the Falcons, they need to either win the game, or lose by less than 3 points.  

Totals

(Also known as OVER/UNDER) When betting the totals, the oddsmaker will generate a number based on how they think the game will play out. In Super Bowl betting specifically, these projected numbers can range from the 30s to 60s. To bet on the totals, you have to choose if you think the total number of points in the Super Bowl will be OVER or UNDER the oddsmaker’s selected number. 

For example, the oddsmakers are predicting a total of 59 in Super Bowl LI between the Patriots and the Falcons. If the scores of both teams result in 50, let’s say, the total would have gone UNDER, and bettors who chose the UNDER will have won. 

Types of NFL Bets Offered

The Super Bowl is one of the most exciting betting events of the year, and there is no lack of betting types and exciting entertainment bets to get involved in. 

Parlays

One of the riskier and most popular types of Super Bowl bets, parlays combine a minimum of two wagers into one, and can contain multiple point spread or totals wagers. What makes this type of bet risky is the fact that the bettor must be correct on each wager or the entire stake will be lost. 

Teasers

Though similar to parlays in the fact that you must have all bets correct to profit, teasers allow you to modify the point spread or totals line to lower your risk level. Teasers start at usually six points and can go as high as 15 points depending on the sports betting site. 

Live Betting

Since most bettors have their smartphone or computer with them while watching a game, live betting has become more and more popular. Live Super Bowl betting is extremely popular, and is basically play-by-play betting, where you can place bets on each drive and even attempt to predict the outcome of each play. 

Props

The Super Bowl is the king of prop bets. Proposition bets are wagers that are not directly related to the outcome of the game. Widely considered to be a ‘fun’ bet, prop bets can be placed on just about anything related to the game. Check out our props section for more info. 

Futures

Futures are bets on how a team might fare over the entire season. The most common Super Bowl future is selecting which team will win the Super Bowl, but at the beginning of the season. Another popular option is the Super Bowl MVP award winner.

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