Billions of dollars is wagered on the Super Bowl annually and betting markets are available year-round.
Here we take a look at the major betting markets, history and tips you need before betting on the big match.
NFL Super Bowl futures bets
Once one Super Bowl ends – futures betting markets for the next Super Bowl open up.
Odds for February’s 2017 Super Bowl are out and there are five teams priced at $10 odds or under. The Seattle Seahawks at $6 with Sportsbet.com.au are the favorites, while the Packers $7, Colts $8, Patriots $8.50 and Cowboys $10 round up the top five.
Payout odds not quite big enough and you want to gamble a bit more?
Online sportsbooks also post Super Bowl match-up futures – a wager where you predict which two teams will play each other in the Super Bowl. The upside is you don’t have to pick the winner – the downside is you need to predict two teams.
Right now a Patriots vs. Seahawks rematch is priced at 18/1 for Super Bowl 50.
Betting on the 2017 Super Bowl
Let’s start with the three most common NFL bets – the money line, point spread and over/under.
The money line allows you to bet on a team to win at the specified payout odds, point spread bets require the favored team to win by the specified number of points and an over/under bet is a wager on whether the teams combined will score more or less than the total quoted.
These three bet types are available for full game wagers, single half (1H/2H) wagers or single quarter bets (1st/2nd/3rd/4th). So, if you want to bet on one of the teams to win the first half or the third quarter – you’d bet the corresponding money line.
There will also be alternate point spreads and totals available. For example, if the Seahawks are a -3 favorite in the Super Bowl you could bet them to win by -6.5 points at much better odds or at -0.5 at worse odds than the standard point spread line (-110).
As an alternative to game totals – you can bet on team totals — an over/under bet for one team rather than both.
Super Bowl prop bets
Prop bets during the Super Bowl draw in all types of people, ranging from sports handicappers to grandmothers.
Many of the Super Bowl prop bets don’t even have anything to do with the actual game. A few of the most popular prop bets are the coin toss (Heads/Tails), how long the National Anthem will last and what color Gatorade will be poured on the winning coach.
You can also bet on the TV ratings, commercials, celebrity appearances and other interesting entertainment props.
Most real bettors will be more interested in team performance prop bets for the Super Bowl.
For example, you can bet on the over/under on passing yards (QB), receiving yards (WR) and rushing yards (RB). You can bet on which team will score first or last. Alternatively, you can wager on which players will score the first or last TD at great odds.
There are hundreds of Super Bowl players props released before kick-off. You can bet on anything, such as how many rushing attempts a RB will have or having many pass completions a QB will have. There are just way too many to list here.
The most wagered on player prop is who will win the Super Bowl MVP.
To place a bet on the Super Bowl MVP – open an account at Sportsbet today.
Betting statistics and quick facts
Now that you know what types of Super Bowl bets are available, it’s time to compile the quick facts and betting stats to help guide you on your way to picking the winner of the Super Bowl or one of the many prop bets.
How have Super Bowl favorites and underdogs fared?
There have been 49 Super Bowls – the favorite has covered the point spread 26 times and the underdog has covered 21 times, plus there have been two pushes. However, underdogs are 7-1 in the last eight Super Bowl match-ups.
What about the game total – has there been more over or under winners?
The over/under has been very close throughout the years. A total of 25 Super Bowls have gone over and 24 Super Bowls have gone under the full game total. In the last nine Super Bowls – the over has hit seven times, including three times in a row (2013-15).
Should you always bet on a QB to win the Super Bowl MVP?
The numbers would suggest so. A QB has won the Super Bowl MVP a total of 27 times (27 of 49). That’s not spectacular, but you need to look at recent trends. There have been seven QB’s crowned MVP in the Super Bowl in the last nine years.
Part of the reason is the fact that the NFL has become such a pass-happy league. QB’s get all the glory when they win and that has held true in recent years in this market. You won’t get great value, but I’d take the QB from the team I believe will win.
Head over to one of our leading NFL Super Bowl bookmakers and get set-up with a cash bonus before this year’s big game.