The Super Bowl is one of the most famous sporting events worldwide. It pulls in millions of viewers and is the most expensive block of advertising for US marketers. On top of the fandom and advertising, the Super Bowl also draws a high number of bets from both brick-and-mortar and online sportsbooks. If you are in any of the states that legalized sports betting, you can place your bet at a physical sportsbook location. For those outside of the sports betting states, licensed offshore sportsbooks present the best opportunity for placing a wager on the big game.
Understanding sports betting odds can be confusing. There are so many number sequences, outside factors and point spreads to consider before placing your bet. This page was created specifically for Super Bowl betting and has content regarding the best sportsbooks available, the legalities of Super Bowl betting, a how-to section on understanding Super Bowl betting odds and an FAQ section with supplementary information.
Where To Bet Legally
These are the most reputable online sportsbooks with lines to bet on Super Bowl 54.
|Site Link||Bonus Offer||Rating||USA|
|Bovada||50% Max $250|
|MyBookie||50% Max $1,000|
|Betonline||50% Max $1,000|
|SportsBetting||50% Max $1,000|
Current Betting Odds For Super Bowl LIV
Odds available at Bovada:
- Kansas City Chiefs +135
- San Francisco 49ers +165
- Green Bay Packers +650
- Tennessee Titans +650
Best Sportsbooks For Finding Super Bowl Betting Odds
You can find Super Bowl betting odds on virtually any online sportsbook, but there are some options that stand apart. Our team of Super Bowl betting analysts have compiled a list of the best online sportsbooks that feature betting odds from football’s biggest game of the season. These sites are established legitimate online gambling sources and have legal sanctioning and regulatory oversight from a respected government. They accept bettors from all around the world, including the USA. Our suggested sportsbook brands have strong security profiles, bonus incentives, 24/7 customer support and a series of Super Bowl letting lines that include point spread bets, money line bets, over/unders, props and more. You can browse the sportsbooks by clicking the links provided in the table. You are not required to make an account or deposit any money to browse the site.
Is It Legal For Sportsbooks To Offer Odds On The Super Bowl?
Yes. If the sportsbook is legally licensed and regulated, the NFL has no power to stop them from offering bets on the Super Bowl. The NFL has been outspoken against sports betting, going so far as to lobby against sports betting legalization efforts in the USA, but Commissioner Roger Goodell has no say in what licensed offshore sportsbooks to promote on their sites. Most countries’ gambling laws permit betting with a legally sanctioned organization. Bettors from all states allowing Super Bowl 54 betting will be able to enjoy offshore sports betting action.
Understanding The Odds
Before placing your wager, it is crucial that you understand what you are looking at when browsing a sportsbook. Upon first glance, you will see a series of numbers associated with different teams. This is the betting line. This next section contains specific insight into how to read these betting lines, how to understand different styles of betting and how to interpret football betting odds. You should be able to make an informed Super Bowl football bet by the end of this section.
How To Read Football Point Spreads When Betting
When looking at a football betting line, the first thing you will see is the two teams competing against each other. Each team will have several columns next to it, with numbers and signs in each column. For this section, pay attention to the first column. This is known as the “point spread” column. A point spread is a predetermined point coverage that the end result of the game must match in order for your bet to be successful. For example, the Kansas City Chiefs are set to take on the New England Patriots. A point spread will read something like this:
KC +7 ½ (-105), NE -7 ½ (-115)
The letter grouping is the abbreviation for each team. The first number is the point spread. The (+) or (-) sign is an indicator of who the oddsmakers think is favored to win the game—the minus sign is the favorite and the plus sign is the underdog. So, if you were to place a bet on the Patriots to win the game, they would have to beat the Chiefs by 7 or more points for your bet to win. If you bet on the Chiefs, a Chiefs victory or Chiefs loss by less than 7 points will grant you a winning bet. The second number has to do with your winnings. In this case, you would have to wager $105 to win $100 on your bet. When you see a (+) sign in front of that second number, it indicates how much you stand to win with a $100 bet.
Betting On The Money Line
What is money line betting in the NFL? The money line, or “American odds”, as it sometimes referred to as an alternative form of betting on a game. The money line information can be found in the second column. Betting on the money line involves picking a team to win outright with no concern over the point spread—you are essentially taking out the first number in the point spread sequence. A money line bet will look like this:
KC (+105), NE (-130)
You are taking away the risk of going by a point spread with a money line bet. The payouts may not always be as lucrative, but sometimes the safer bet is the better one.
How To Read Over/Under Odds
The third column of an NFL betting line is reserved for total bets. This involves placing a bet on whether the final combined score of a game will either be over or under a predetermined number. These are called “over/under” bets and will look like this:
KC 48 (-110) o, NE 48 (-110) u
The “o” and “u” stand for over and under. Total bets are interesting for more experienced NFL bettors because they involve analyzing a team’s offense and defense. For example, two high scoring offenses will likely hit the over mark on a total bet, especially if one or both defenses are weak.
How To Interpret Football Odds
Before each game, you will see a flurry of media coverage from both fan and betting standpoints. Betting sites will display the odds in a betting format while normal media outlets will pick a favorite to win the game. How do you interpret these football odds? You have to look out for several things including a team’s record (at home and away), their roster, coaching staff, injuries, play styles and more. By analyzing a team, you will be informed on how they operate in certain situations, which translates to invaluable betting knowledge. The oddsmakers have it right most of the time, but there is no shortage of underdog stories in the NFL.
What Is A Prop Bet? Are There Super Bowl Prop Bets?
A prop (short for proposition) bet involves betting on an occurrence or non-occurrence in an NFL game. Prop bets are very specific and usually lead to some high payouts. An example of a prop bet would be betting on a certain team to score first, which team will score the most touchdowns, who will be up at halftime and so on. There are a lot of different prop bets for the Super Bowl, usually more so than any other game in the season. Super Bowl prop bets allow bettors to expand their action outside of the standard point spread betting format.
What Is A Futures Bet?
A Super Bowl futures bets are odds given for something that could happen in the future. A good example of a futures bet is betting on who will win the Super Bowl during the regular season.
Who Is Favored To Win Super Bowl LIV?
Oddsmakers currently have the New England Patriots posted as the favorite to win Super Bowl LIV in 2020, listing them at +650. The Patriots will likely remain the favorites heading into the 2019 NFL regular season.
How Much Is Bet On The Super Bowl Each Year?
The American Gaming Association published a report in 2019 that estimated $6 billion would be wagered on Super Bowl LIII, with states taking in $320 million and offshore betting sites bringing in $5.7 billion. Addition, their survey revealed that 22.7 million American adults (roughly 1 out of 10) would place a bet on the Rams-Patriots matchup.
Is There A Limit To How Many Bets I Can Place?
No. You are free to place as many bets on Super Bowl LIV as you want. You can even bet on both teams to guarantee you will at least win some of your bets. Sportsbooks do not cap the number of bets you place on any sporting event.