Super Bowl Odds and Betting
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 Sportsbook 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 Sportsbook.
How Do You Read Super Bowl Odds?
The opening line is the first betting line in a sportsbook. Opening lines indicate the main event under which you can place subsequent bets.
The typical odds sheet opening line looks something like the table below:
| Team | Point Spread | Over/Under Totals | Moneyline Odds |
|---|---|---|---|
| Chicago | -2.5/-110 | 30.5/-110 - O | -135 |
| Denver | +2.5/-110 | 30.5/-110 - U | +115 |
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.
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. The most popular betting markets on DraftKings are wagering on the point spread, over/under totals, and moneyline betting. There are also several other betting markets to choose from.
Super Bowl point spreads
When looking at the Super Bowl spread, the betting sheet will show each competing team, 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 for a bet to pay.
When the spread shows a half point—as with the example in the section above—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 for a bet on them to pay out.
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.
Super Bowl over/under betting
When looking at Super Bowl odds, you may want to consider an over/under bet—also called totals. With this betting style, it doesn't really matter who the Super Bowl favorites are. You simply bet on whether the combined finals scores will come out to more or less than the score in the Total column.
Super Bowl live betting odds
Once the Super Bowl kicks off, oddsmakers let you 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.
Super Bowl parlays
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. Each of those bets has specific odds, which would pay out quite nicely if they win.
All conditions must be met with a parlay to win the bet. Combining them into a single wager extends the odds, resulting in a much larger payout than if you'd bet on each of those conditions individually.
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, a sportsbook 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. Long odds of making it to the big event at the beginning of the year may turn into a good chance as the season progresses.
How You Can Bet on the Super Bowl with DraftKings?
You can make wagers leading up to the Super Bowl on regular NFL games. It’s easy to place wagers on the DraftKings Sportsbook betting app.