9 Useful Pointers When Placing Bets On The Super Bowl | 2024
Are you ready to enhance your Super Bowl experience? Beyond the touchdowns and halftime shows, there’s a whole other game happening—one that involves more than just cheering. We’re talking about Super Bowl betting, where the excitement of the game meets the thrill of taking risks.
An estimated $15 billion is set to be wagered illicitly across the globe during the highest-rated live sporting event of the year. With over half of the adult population in the United States participating, bets will be placed through U.S. and offshore bookmakers, online wagers, office pools, and person-to-person bets at Super Bowl gatherings.
However, it’s not only about the winners and losers on the field; it’s also about who will win or lose you some cash. In this article, we’re breaking down everything you need to know about the wonderful and lucrative world of Super Bowl betting.
#1. Pick Your Sportsbook Wisely
While it’s a tip that may be obvious, it’s a crucial one worth mentioning first, because not all sportsbooks are created equally. This popular site also offers sports betting services. With many top contenders around, what you need to ensure is that it’s an already-established, fully-licensed operator.
#2. Develop A Betting Strategy
No matter how well you think you know the game, you should never bet blindly. That being said, it’s essential to craft a robust betting strategy by thoroughly analyzing the competing teams, assessing both their strengths and weaknesses. Bettors must also take into account several factors that may impact the teams’ performances, such as injuries, prevailing weather conditions, as well as recent games.
#3. Understand The Odds
Before you wager, it’s essential to grasp Super Bowl odds. These odds reflect the bookmakers’ evaluation of a team’s chances of winning. Favorites carry lower odds, while underdogs are assigned higher odds. For instance, if a team has odds of +300, a $100 bet could yield $300 in winnings if they emerge victorious.
#4. Examine Super Bowl Lines
Super Bowl lines extend beyond mere predictions of the winner; they encompass bets on point spreads and totals. Betting on point spreads entails predicting whether a team will secure victory by a specified margin. On the other hand, totals betting involves forecasting the total points scored in the game. Understanding these lines will open up a world of betting possibilities, enhancing your chance to rake in significant payouts.
#5. Layoff The Prop Bets
If you’re going to take away anything from this comprehensive list, let it be this: stay away from proposition bets. We understand that the general trend is to bet on the Over for propositions such as quarterback completions, player receiving and rushing yards, fumbles, and field goals. However, sportsbooks typically offer 400-500 of them, meaning that this strategy tends to result in more losses almost every year. As such, if you want to avoid a significant financial hit, it would be best to steer clear of prop bets altogether, no matter how enticing they might appear.
#6. Avoid Teasers
Similar to prop bets, it’s best to avoid teaser bets altogether. While they might seem attractive, the odds of profiting from betting on them aren’t favorable in the slightest. Moreover, we also recommend steering clear of parlays especially since they account for over one-third of a bookmaker’s profits. Additionally, two-team parlays offer a payout of 2.6/1 (true odds being 3/1), three-team parlays pay 5/1 (true odds are 7/1), and four-team parlays provide a payout of 10/1 (true odds being 15/1).
#7. Do Your Research
Before you dive into Super Bowl betting, it’s smart to do your homework. Researching the teams, checking out players’ recent performances, and understanding the odds and lines can make a huge difference. Knowing the dynamics between teams, player stats, and any potential injuries helps you make smarter bets. If the game is outdoors, the weather can play a role too, so it’s good to be aware of that.
#8. Assess The Weather Conditions
Be mindful of the game’s location and the potential impact of weather conditions. Outdoor stadiums and adverse weather can influence the dynamics of the game, affecting outcomes and point totals. Take, for example, the most recent Kansas City Chiefs vs. Miami Dolphins game at Arrowhead Stadium, which saw both teams bracing brutally cold conditions. In fact, last Saturday’s game marked the coldest game in Miami Dolphins history, and unsurprisingly, they ultimately lost.
#9. Manage Your Expectations
Last but not least, it’s important to manage your expectations. That’s right, when it comes to any type of sporting event, the outcomes are inherently unpredictable, no matter how much research you conduct. As such, it’s essential to avoid getting caught up in the hype and betting more than you can afford to lose, believing you’re due a nice payout.