Super Bowl LVII
- Matchup: Eagles vs Chiefs
- Date: Sunday, February 13, 2023
- City: Glendale, Arizona
- Stadium:State Farm Stadium
- Winner: Kansas City Chiefs
Betting on the Super Bowl
The Super Bowl is one of the most heavily bet on sporting events in the world, and its impact on betting and odds cannot be overstated. Prior to the big game, bookmakers and sportsbooks spend weeks analyzing data and statistics to develop NFL odds and betting lines that accurately reflect the strengths and weaknesses of each team.
As the Super Bowl approaches, betting activity intensifies and odds can shift rapidly based on the volume of wagers placed on each team, this can lead to wild swings in the football odds, particularly in the days leading up to the game, as large amounts of money are wagered on one team or the other.
Super Bowl Futures Odds
Futures odds for the Super Bowl are typically released in the NFL offseason, but they can be released just days after the previous Super Bowl has ended. These will then fluctuate throughout the regular season and playoffs as teams’ performances and rosters change.
As the 2023 NFL season progresses and more information becomes available about the teams, sportsbooks will begin to release more specific futures odds for Super Bowl #58, which is currently scheduled for February 5, 2024.
Super Bowl LVII Recap & Score
How to Read Super Bowl Odds & Spreads
NFL point spreads for the Super Bowl usually manifest as a negative number like -300 or a plus number like +500. These are “American odds” and indicate what you need to bet to win $100 -in the case of negative numbers ($300 to win $100 for -300)- or what you win when you bet $100 ($500 from a $100 bet for +500).
Additionally, “decimal” and “fractional” odds are two other formats you can use. Decimal odds indicate your total payout (your bet + your winnings) while fractional odds show how much you win using the numerator (first number to the left) with the bet you place using the denominator (second number to the right).
These Super Bowl point spreads allow you to bet on who you think will win it next year. As this is such a long-term projection, expect the betting lines to shift as the year progresses. Keep track of the teams to estimate when the best times to bet on them are.
Super Bowl Betting example
Betting on the Super Bowl game is like betting on every NFL game. You have your point spread, moneyline, and total (over/under) along with props. For the Super Bowl, props are ridiculous in number: you can bet on football-related plays, such as a quarterback’s passing yards, or on non-football things, like the color of the national anthem singer’s dress.
As far as outright or futures bets are concerned, betting on more than one team is usually the way to go. Thanks to the parity in the NFL, a handful of teams are lined in the +500 to +900 range to win. Placing a bet on one, two, or even three can increase your odds of winning.
What Is the Super Bowl?
The Super Bowl is the annual championship game of the National Football League (NFL), which is the highest level of professional American football in the United States. The game is typically played on the first Sunday in February and brings together the winners of the NFC and AFC conferences to compete for the coveted Vince Lombardi Trophy. It is one of the most-watched television events in the world and is often considered the pinnacle of American sports.
The Super Bowl is more than just a football game, it’s a cultural phenomenon that captivates the nation. Millions of people tune in to watch the game every year, not just for the athletic competition, but also for the spectacle of the halftime show, the entertaining commercials, and the festive atmosphere that surrounds the game.
The Super Bowl has become a showcase for American culture and entertainment, with celebrities and performers from all over the world taking part in the festivities. It has also become an important event for the advertising industry, as companies spend millions of dollars on commercials that air during the game, hoping to capture the attention of the massive audience watching at home.