The NFL Super Bowl is the biggest sporting event in North America, and it is also one of the most popular to bet on as countless Super Bowl odds markets show us. Super Bowl odds are available throughout almost all of year. You can bet on the Super Bowl for the following year as early as the next day after the “Big Game.”
Heading into the 2023 SuperBowl
Known officially as the “AFL-NFL World Championship Game,” the Super Bowl was first played in 1967. The game featured the Kansas City Chiefs -AFL Champions- against the Green Bay Packers -NFL Champions- to decide the ultimate champion of American Football. Vince Lombardi’s Packers won and, since then, this annual championship takes place only once a year: usually in early February or late January.
Check out the latest and more relevant news related to this year’s Super Bowl.
Super Bowl LVII Odds & Predictions
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 Tips Before Betting
Track the Super Bowl odds through the sportsbook. You will notice the lines shift throughout the season. For example, the Buffalo Bills open as the Super Bowl LVII favorites in the preseason. But after a few losses, the Bills’ odds lengthen making them a more lucrative bet. You can bet them twice or wait longer to see how the market reacts.
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.