The Super Bowl is the most popular sporting event in North America and will take place on February 3, 2019. Furthermore, gambling experts believe that Super Bowl LIII will generate over $6 billion in bets. Even though the Super Bowl is an American event, it still generates a lot of international gambling attention. Thus, we will show you different aspects of Super Bowl Gambling and even teach you a Super Bowl Betting Secret.
Betting on the NFL is fairly easy as most people simply bet on who will win the championship. However, there are also many other ways that people enjoy betting on as well. The second most popular type of bet on the Super Bowl is the point spread. This is when the sportsbook makes the football odds even by adding a handicap to the favorite team.
Furthermore, according to sportsbook software, they are hundreds if not thousands of Super Bowl proposition bets. Such bets include the coin toss, how long the national anthem will last, first team to score and more!
Super Bowl Betting Secret – Betting on the Underdog
In this year’s Super Bowl, the New England Patriots are the favorite team to win at -155. This means that if you wager on the Patriots for the win, you need to wager $155 to win $100. On the other hand, the Los Angeles Rams are at +125. This means that if you bet $100 on them and they win, you receive $125!
However, sports betting odds maker believe it will be a close game as the point spread is only -2.5. Betting on the point spread is a different matter. If you bet $100 on the Patriots they have to win by more than 2.5 points to win your bet.
|Team||Point Spread||Money Line||Over/Under|
|New England Patriots||-2.5 (-120)||-155||Over 58 (-110)|
|Los Angeles Rams||+2.5 (+100)||+125||Under 58 (-110)|
Now, after examining game data from thousands of NFL games, we saw a pattern emerge. The first one is that the underdogs have beaten the point spread 52% of the time. However, if we only use the data from past 52 Super Bowls then we get a different story.
This is because point spread bets on the favorite team only win 40% of the time when it is large. However, since this year is a small point spread then there is a 50% chance that the favorite Patriots will cover.
Thus, the safe bet in terms of percentages is to bet on the Los Angeles Rams at +2.5. However, this is still gambling so anything could happen.
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