Super Bowl odds and betting offer a variety of ways to wager on the NFL’s championship game, including the moneyline, point spread, total, player props, and more.

How To Bet On the Super Bowl?

There are numerous ways to bet on the Super Bowl, some of which you can make at any time during the NFL season, like Super Bowl futures, where you can bet on who you think will win the Super Bowl. However, fans might wait until the weeks leading up or day of the Super Bowl to bet on the moneyline. DraftKings Sports even offers live betting where you can place a bet during the Super Bowl in real-time!

Whether you’re new to Super Bowl betting or just need a refresher, DraftKings has laid out how to read Super Bowl odds, the different types of Super Bowl odds, and how you can place a bet on DraftKings Sports.

How Do You Read Super Bowl Odds?

Point spreads, moneylines, and over/under totals show a positive or negative odds indicator on the betting sheet. In the case of the spread and the over/under, these odds show after the spread or total amounts.

The typical odds sheet opening line looks something like the table below:

A quick way to help understand the odds being shown is the negative odds for the favored team shows how much in dollars you'd need to bet to win $100. As indicated in the odds above, betting $135 on Chicago moneyline will payout $235 total, so you win $100 if they're victorious.

Similarly, positive odds show the payout if you bet $100 and the team wins. In the case of Denver moneyline, betting $100 returns $110 if they win, indicated in the moneyline odds.

In each case, if your bet wins, you also receive your initial stake back, netting the win amount plus your wager. These odds indicators don't mean you're required to bet the indicated amount, rather using a $100 wager just helps with quick math. For instance, if you wanted to bet $11 on Chicago to win (moneyline), you'd receive a $13.5 payout (plus your stake). For Denver, betting $10 on Denver moneyline would gain you an additional $11.

What Type of Bets Can You Make on the Super Bowl?

There are numerous types of Super Bowl odds, such as point spread, over/under totals, and moneyline betting on DraftKings. 

What are Super Bowl point spreads?

When looking at the Super Bowl spread, the betting sheet will show each competing team’s possible end game scores, along with a positive or negative number alongside it. The negative number indicates the favored team and the minimum point difference they need to win by for your wager to pay out if you bet on them. The positive number shows the underdog and how many points or less they need to lose by (or win) for a bet to pay.

When the spread shows a half point, it means that the favored team has to beat the underdog by the next whole number to win. In this case,Chicago would need to score at least 3 more points than Denver for the bet to pay out. Conversely, Denver could lose by 2 points or less (or more) for a bet on them to pay out.

What are Super Bowl moneyline bets?

Super Bowl moneylines are straight win/lose odds on the Super Bowl outcome. The chances are shown by either a positive or a negative number, with no other indicators. In the case of Chicago, a $135 bet will win $100 if they're victorious. When it comes to Denver, betting $100 nets an additional $ 115 if they win.

What is Super Bowl over/under betting?

With Super Bowl over/under betting, you simply bet on whether the combined finals scores will come out to more or less than the score in the Total column.

What are Super Bowl live betting odds?

Once the Super Bowl kicks off you can place several bets in real-time—such as wagers on specific quarters, halves, or individual drives throughout the game. For example, you can bet on how many points each team will have at the end of the first half. Super Bowl live odds fluctuate as the game progresses, but once you place a live wager, those odds are locked in, and your bet won't be affected by changing odds.

What are Super Bowl parlay bets?

A parlay is a series of bets you put down in a single wager, it can be on the same game (like for the Super Bowl) or multiple games. For example, you can bet in three legs: First leg Chicago will lead at the end of the first half, second leg Denver will win in the second half, and leg three that the quarterback will pass for over 215 yards. All conditions must be met with a parlay to win the bet. 

What are Super Bowl futures bets?

Futures bets are wagered on events and awards that take place later in the season, such as the Super Bowl. At the beginning of the football season, DraftKings will show the NFL odds on everything from who'll make it to the Super Bowl to who'll win MVP in the most games this year. Super Bowl odds fluctuate with each win, loss, and player injury throughout the year.

What are Super Bowl prop bets?

Super Bowl prop bets are wagers on specific events or player performances within the game, rather than simply betting on which team wins. For example, you bet on specific players scoring touchdowns and/or yards passed or received during the game. 

Examples of player prop bets on DraftKings:

• Touchdowns: Bet on how many touchdowns a player will score.

• Passing yards: Bet on whether a player will pass for more or fewer yards than the listed total.

• Receiving yards: Bet on whether a player will record more or fewer receiving yards than the listed total.

• Rushing yards: Bet on whether a player will rush for more or fewer yards than the listed total.

How You Can Bet on the Super Bowl with DraftKings?

You can place wagers on the DraftKings Sports betting app or online today. DraftKings offers many options for betting on the Super Bowl including parleys, over/under, and moneyline bets. You can also make wagers on NFL games leading up to the Super Bowl.