Sports betting has skyrocketed in popularity since states like New Jersey have begun to legalize online wagers and no sporting event in the world draws more action than the Super Bowl. Thanks to the legalization of online sportsbooks, fans no longer have to visit a physical casino or sportsbook to put some money on the big game’s winner, point total, or one of the dozens of available prop bets surrounding the biggest football game of the year.
Here we will break down how Super Bowl odds work, the types of different bets available for the Super Bowl, and the best online sportsbooks to give your action to.
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How to Bet on Super Bowl Odds
NFL odds are relatively simple but require a good deal of research. The most common type of bet is the point spread bet, which evens the playing field between favorites and underdogs by setting a margin of victory the favorite must win by in order for the bet to cash in. For example, if the Patriots are a -4 favorite, they must win the Super Bowl by at least 5 points for your bet to win while a 4-point win gets your money back and a 3-point win is a loss. This incentivizes action on the underdog. So if the Rams are a +5 underdog, you will still win your bet as long as Los Angeles does not lose by more than 4 points.
If you want to pick the straight up winner, you have to bet on the moneyline, which determines how much of a payout you get on your initial bet. So if the Saints are a -150 favorite, you would have to bet $150 to win $100. But if the Chiefs are a +120 underdog, your $100 bet would win you $120.
Along with picking the winner, many gamers will wager on the point total. The over/under bet allows you to bet on whether the actual combined point total in the big game will be higher or lower than the total projected by the sportsbook.
Super Bowl Betting: Prop Bets
Prop bets are increasingly popular since online sports betting exploded and no game offers more prop betting options than the Super Bowl.
Fans can bet on any in-game event like whether Tom Brady will throw 3 or more touchdowns or whether Aaron Donald will have two or more sacks. You can also bet on the score at half time or after a single quarter or the result of a single drive.
There are also more fun prop bets offered that relate to everything from the halftime show to the commercials. You can wager on which beer company’s ad will air first or who the special guest will be at the halftime performance. You can even wager on things like how many times the announcers will mention Tom Brady’s age or how often the broadcast will show his wife.
Top Super Bowl Betting Options
There is no shortage of options when it comes to online sportsbooks in New Jersey.
Two of the most popular ones were launched by FanDuel and DraftKings, two fantasy football giants that have long made money off the Super Bowl by offering single game fantasy contests. The two companies now let players in New Jersey wager on the Super Bowl from their desktop or mobile device.
Top casinos like Caesars, Golden Nugget, 888 Casino, Borgata, Hard Rock, Resorts, MGM, and Sugar House all offer extensive online betting options and European sports betting giant William Hill has launched a new site and mobile application as well. You can shop around between these sites to see which offers the most generous deposit match bonus or reward points.