Kansas City Chiefs
Tampa Bay Buccaneers
Green Bay Packers
Los Angeles Rams
San Francisco 49ers
New England Patriots
Los Angeles Chargers
New Orleans Saints
Washington Football Team
New York Giants
Las Vegas Raiders
New York Jets
Super Bowl Odds
After reviewing the latest Super Bowl odds, who should you pick to win a Super Bowl ring? Will it be a past champion NFC or AFC team or one of the dozen teams still striving to lift their first Lombardi trophy?
When reading Super Bowl betting odds, it can be difficult for beginners to determine what they mean. Knowing the basics about the NFL championship game can help you make better bets and boost your chance of success.
Read on to learn how to read Super Bowl odds and make bets on the NFL title game such as moneylines, futures, and parlays. We’ll also share tips and strategies to make better Super Bowl bets and answer some common questions about the big game on Super Bowl Sunday.
What Is the Super Bowl?
The Super Bowl is the championship game and most significant event of the National Football League (NFL). Victors of the NFC Championship game and the AFC Championship go head-to-head to become NFL champions.
Most years, the Super Bowl is the most-watched TV program in the United States. Besides the game itself, the Super Bowl halftime show and Super Bowl commercials have become key parts of the NFL championship game.
Super Bowl I happened in January 1967 between the Green Bay Packers and Kansas City Chiefs. The Packers defeated the Chiefs 35-10. This first Super Bowl took place during the first NFL season of the newly-merged NFL and American Football League (AFL).
Reading and Understanding Super Bowl Odds
Betting on football or other sports is a fun way to learn and strategize to increase your chances of winning a bet.
Most of the knowledge of football and math skills needed to place NFL bets are basic. After learning betting fundamentals, it will become easier to make bets.
The most essential information to know is the NFL point spread. When reading an NFL line, you’ll see:
- Two teams
- A plus (+) and minus (-) sign
- Two numbers
Here’s an example:
Kansas City Chiefs (-7) vs. Buffalo Bills (+7)
The favored team has a minus sign (-) beside its name. The number shows it’s favored by that number of points. Meanwhile, the other team is an underdog by the same figure.
In this example, the Bills are at +7, so they’re getting 7 points. Kansas City is the underdog team by 7 points.
Meanwhile, the Chiefs are at -7 points. As the favorite, they’re giving 7 points. Thus, the Chiefs must win by 8 or more points. If they only win by 7, it’s a tie or “push,” so all original bets are returned.
In this betting scenario, a bet on Buffalo wins if the Bills win the game outright or lose by less than 7 points.
The point spread works as a betting handicap. Super Bowl teams can be evenly matched in a pick‘em, but it’s rare. In a pick’em, there’s no favorite or point spread, so it becomes a straight-up (SU) bet.
Point spreads give bettors a reason to put a stake on both teams. If you placed a bet on the favorite team, it would need to “cover the spread.”
Bookies set the numbers posted on the betting lines to make both sides of the bet equally appealing. Sometimes a spread includes a half point or 0.5.
Here’s a scenario to consider:
Tampa Bay Buccaneers (-3.5) vs. Green Bay Packers (+3.5)
A winning bet happens if the Bucs win by 4 points or higher. Meanwhile, the Packers can be a winning bet if they win outright or lose by 3 or fewer points.
How to Bet Super Bowl Futures
Even if it’s the NFL preseason, you can consider placing NFL futures bets.
How Futures Bets Appear on Betting Lines
Super Bowl futures bets generally appear like this on sportsbooks:
Super Bowl Odds to Win
Futures bets help diehard sports fans participate more in the future success of their favorite football teams and players.
Discouraged hometown fans can also focus more on the success or failure of rival teams. If they've lost motivation to bet on a local team with a losing streak, they can focus on the futures bets of a rival team instead.
Futures bets can include bets on the:
- Super Bowl champion
- Division winner (AFC East, AFC North, AFC South, AFC West, NFC East, NFC North, NFC South, and NFC West)
- Conference winner (AFC/NFC)
- Win totals
- Individual player awards (e.g., MVP or rookie of the year)
Oddsmakers often update futures odds during the offseason due to factors such as trades or injuries. It’s wise to consider placing futures bets on favorites after the offseason.
For example, betting odds on the Tampa Bay Buccaneers to repeat as Super Bowl champions at +550 means a $100 bet returns a $550 payout. However, futures odds for the Bucs to win the NFC South division are lower at -500, for example.
Team win totals and player specials usually are in the form of the over/under odds that a sportsbook sets. The bet’s two sides have odds for results either above or below the betting line.
Sometimes, specials are available for head-to-head matchups between two star players in the same position.
You can find these promotions at MaximBet.com with our Super Bowl promo. The best Super Bowl experience is to watch it live while exploring the town leading up to the big game.
Super Bowl Futures
Every year, each NFL team gets a chance to become Super Bowl champions. However, Super Bowl odds reveal that certain teams have a better chance than others.
Super Bowl LVI is scheduled at SoFi Stadium in Inglewood, California. The following are the main categories you need to know when betting on the next Super Bowl.
Sportsbooks determine that these teams are most likely to lift the Lombardi Trophy after winning the Super Bowl.
These squads often include the teams from the last Super Bowl and the losers of the conference championships.
Factors that impact a team’s odds of winning the NFL title include the:
- New head coach
- NFL draft
- Offseason trades
- Rookies’ training camp performance
- Last season’s injury report
For example, the Buccaneers and Chiefs played in Super Bowl LV. The Bucs easily defeated the Chiefs 31-9.
During the offseason, Kansas City took steps to strengthen the offensive line to provide better protection for QB Mahomes.
Other big favorites to play in the NFL’s biggest game included:
- Buffalo Bills
- Baltimore Ravens
- Los Angeles Rams
- Green Bay Packers
These teams often have somewhat lower odds than the favorites to win Super Bowl LVI. Contenders include new players from the NFL draft or players lost through free agency.
However, they still have a solid chance of winning the Super Bowl. For example, Niners QB Jimmy Garoppolo returned from injury after the 2020 season along with other key players for San Fran.
The leading contenders for the NFL’s 2021 season include:
- San Francisco 49ers
- Cleveland Browns
- Tennessee Titans
- New Orleans Saints
- Seattle Seahawks
- Dallas Cowboys
- Indianapolis Colts
- New England Patriots
These teams may secure a wild card berth then get hot during the NFL playoffs. Their futures odds are pretty low compared to the favorites. However, injured players recovering can help these teams make a run.
Some underdog teams from the start of the 2021 season include:
- Los Angeles Chargers
- Pittsburgh Steelers
- Miami Dolphins
- Arizona Cardinals
- Washington Football Team
There are a few major characteristics that qualify NFL teams for this category. For example, they had a losing record the previous season or made a few offseason moves to improve their roster for the upcoming season.
Another possibility could be that the team performed well during last season’s Super Bowl. They then lost several key players, however, due to trades and free agents.
No projected outcome is 100% guaranteed in any sports betting, although many oddsmakers projected these teams were improbable to win Super Bowl 56:
- Atlanta Falcons
- Carolina Panthers
- Chicago Bears
- Cincinnati Bengals
- Denver Broncos
- Detroit Lions
- Houston Texans
- Jacksonville Jaguars
- Minnesota Vikings
- New York Giants
- New York Jets
- Las Vegas Raiders
- Philadelphia Eagles
Other Options to Bet on the Super Bowl
The point spread is an oddsmaker’s projected margin of victory for the game’s favored team. A bettor can predict that the favorite will “cover” the point spread. The favorite not only must be the winner but must also win by more than the point spread.
If the favorite doesn’t cover the spread or loses the game, you lose your initial stake or the money you bet on that team.
A totals bet is based on whether a bettor correctly picks the combined final scores as over or under the sportsbook’s projected number.
Let’s say the Super Bowl odds were set at 49 points total. If you pick “under” and the game’s final score is 30-21, then you lose the bet. That’s because the combined total is 51 points (30 + 21).
Meanwhile, if the final score was 24-21, then you would have won the bet since the combined total is 45 points (24 +21).
A moneyline bet is on which football team you think will win the game outright, not taking into account the margin of victory. It’s like a casual bet among friends and family.
Sportsbooks pay winning bets based on particular odds connected to the bet. An example of a moneyline bet is:
Los Angeles Rams -110 (favorite)
This means a bettor can win $100 for each $110 bet.
Here’s another example of a moneyline bet:
Buffalo Bills +110 (underdog)
This line means a bettor wins $110 for each $100 bet.
A parlay bet is a single bet that includes two or more bets known as “legs.” Parlay bets can include different kinds of bets, including:
- Point Spread
- Prop Bets
However, the bet only qualifies as a parlay if it contains multiple picks or “accumulators” combined into one bet. The main benefit of parlay bets is bigger payouts than just picking the winner in a moneyline bet, for exampl.
More risk is also involved, however, since you must win every parlay leg to win the bet. If one leg loses, then the entire parlay bet loses.
Besides the possibility of bigger payouts, parlay bets also offer Super Bowl bettors more flexibility. You can combine multiple sports into one parlay bet.
For example, you can include the Cowboys (NFL), Lakers (NBA), and Flyers (NHL) in one parlay. If all the teams win, then you also win.
Placing Parlay Bets
You have different options when betting parlays, and they’re quite simple.
The old-school method is to fill out a parlay card that includes the teams, totals, and wagers, then submit it to the sportsbook desk.
Another option is to place your parlay bet through a convenient online sportsbook like MaximBet.com.
Download our mobile app, sign up, and create your account. After you make your deposit, you can already start placing bets.
Super Bowl Parlays
Sometimes sportsbooks offer ready-made Super Bowl parlays that bettors can make. Here are some examples of legs:
- Bucs to win
- Patrick Mahomes to pass for 300+ yards
- Cameron Brate 3+ receptions
- Chris Godwin 5+ receptions
- Leonard Fournette 45+ rushing yards
A teaser bet is based on two or more games and allows you to adjust the official point spread between four and 10 points based on the sport.
In football, the permitted range is 6, 6.5, or 7 points. A bettor must win each part or “leg” of the bet to win the teaser bet.
Here’s an example of a 6-point teaser bet: Chiefs (-7.5) vs. Titans becomes Chiefs (-1.5) vs. Titans, while 49ers (-7.5) vs. Packers becomes 49ers (-1.5) vs. Packers.
If KC and San Fran win their games by 2+ points, then the teaser bet wins. Teaser bets allow bettors to move the line up or down to improve their chances of winning.
Player Prop Bets
Proposition bets are based on whether an individual player in the bet reaches or falls short of certain statistical benchmarks. The Super Bowl often offers several player prop bets for different positions.
Some examples include the number of passing yards for a quarterback, the number of carries for a running back, and the number of receptions for a wide receiver.
Prop bets can also include positions such as kickers or the entire defensive unit. Examples for kickers include a number of field goals or missing an extra point.
Prop bets for defenses may include whether it returns a fumble or interception for a touchdown.
Player prop bets can be based on full-game statistics or periods such as a quarter or half.
Exotic Prop Bets
Major events like the Super Bowl can also focus outside of standard in-game statistics. For instance, you can bet on the:
- Game-opening coin toss (heads or tails)
- Color of Gatorade dumped on winning team’s coach
- Jersey number of players who score
For example, you can bet whether QB Aaron Rodgers’ first pass attempt will be complete or incomplete.
Prop bets can also include non-sports events linked to the big game. For example, you can bet how long the national anthem will be sung or if the singer will omit a word.
You can also bet whether or not a celebrity makes a guest appearance or how many songs are included in the halftime act.
Super Bowl MVP
The Most Valuable Player (MVP) award is the most prestigious individual award for the Super Bowl. The best odds are for the quarterbacks.
Other common positions to win the award include running back and wide receiver. Quarterbacks who have won multiple Super Bowl MVPs include:
- Tom Brady (New England Patriots)
- Joe Montana (San Francisco 49ers)
- Bart Starr (Green Bay Packers)
- Terry Bradshaw (Pittsburgh Steelers)
- Eli Manning (New York Giants)
There’s no sure bet for the MVP award. For example, Patriots QB Tom Brady and running backs Todd Gurley and Sony Michel were favored to win the 2019 Super Bowl MVP. However, Patriots WR Julian Edelman (2019) won the award.
Sportsbooks offer these lines as secondary options over the set point spread. These lines can include different point spreads for the favored and underdog teams.
The lines usually start at points high above each team’s odds in the game’s official line and can range far into the bet’s other side.
This situation can result in betting a heavy favorite as a heavy underdog and vice-versa.
For example, in Super Bowl 55, the Chiefs were 3-point favorites, while alternate lines offered the Chiefs as a 7-point favorite.
Such bets also include a favorable price. In this example, there was a lower chance the Chiefs would defeat the Bucs by more than a touchdown.
This type of betting provides bettors the chance to place bets, including point spread, over/under, and moneyline based on the flow of the football game. In live betting, you’re not limited to bets placed before the start of the game or at the football game’s halftime.
Suppose the favored team falls behind in the game by two touchdowns during the first half. A bettor can hedge the original bet with odds that show how the football game is developing.
Super Bowl Betting: Tips and Strategies
Bet against the Public
“Fading the public'' is a strategy that involves betting against a betting line’s most popular side. This approach can sometimes be effective for Super Bowl bettors.
Still, be cautious about using this strategy frequently. In certain situations, the general public is more fascinated by a football team’s reputation or an individual player.
This phenomenon can lead to the public wagering a large amount of money on the team. It causes the line to move and a team to be favored by a number of points that don’t represent its true likelihood of winning
In this scenario, fading the public allows you to place a winning bet on the underdog due to the inflated point spread.
A similar factor is when the total score spikes based on the offensive reputation of one or both teams in the Super Bowl.
Use Free Bets and Promotions
Legal and regulated sportsbooks like MaximBet.com often offer generous promotions for current and first-time customers. Such offers are even more common for big sporting events like the Super Bowl.
These promotions are often available right after the conclusion of the NFC and the AFC championship games.
Use Advanced Metrics
Many bettors only do a modest amount of research before placing bets. However, you can use various metrics to make better bets.
When you make team-based bets like point spreads, projected totals, and moneylines, you can review how teams have performed in each of these categories.
Advanced metrics, however, can be beneficial when making prop bets on teams or individual players.
Statistical trends can definitely help you make informed choices based on various stats. An example is how many catches a WR will have against a team’s cornerbacks.
This same approach can apply to several other prop bets. They include a quarterback passing for 300+ yards and a running back rushing for 100+ yards.
For example, the odds offered a prop bet opportunity for Super Bowl 54 between the Chiefs and 49ers. Bettors could pick the over or under for 49ers tight end George Kittle to make five catches.
It might seem practical to go with the ‘over’ since Kansas City faced the second-most TE targets and tied for the third-most TE catches. However, Kittle had four catches, which gave ‘under’ bettors the win.
Go Line Shopping and Find the Best Number
It’s important to find the best price when betting on the Super Bowl. In this case, prices refer to odds, indicating the payouts for a winning bet.
A bettor should also keep other variables in mind. Some examples include projected totals and point spreads for a particular game like the NFL championship.
The sharpest odds that oddsmakers post for a game are often the original lines. These are the toughest NFL odds to beat consistently in the long term.
You can get the biggest edge by waiting to observe how the public’s bets move the point spread as kickoff time draws closer.
The public’s incorrect “groupthink” can sometimes change a football team’s projected edge so much that it provides a sharp bettor with a big advantage.
One caveat to consider about the Super Bowl is that “sharp money” affects the NFL game more than others, including playoff games.
As a result, the big game’s line movement often results from bets that people place, which often affect the point spread and over/under in particular.
The term “middling” refers to a bettor putting bets on both sides of a contest. The strategy is extremely popular for football bets. However, it’s a complex process, so it may be tough for newbie bettors.
On the other hand, this process dramatically increases the likelihood of one or the other of the two bets being a winner.
Middling is generally possible when there’s significant line movement on a football game within one week.
For example, Kansas City opened as a 3-point favorite over the Bucs. A bettor places a bet on the line, but over two weeks, the line increases to give KC a 7-point advantage. The bettor then bets on Tampa Bay +7.
In this example, the bettor wins both bets if:
- The Chiefs win by 4+ points
- The Chiefs win by 4+ points
Why Is It Called the Super Bowl?
Interestingly, Super Bowl I was known as the AFC-NFC World Championship. Green Bay won the first two games, then the name “Super Bowl” was first officially used for the third NFL championship.
The NFL was searching for a catchier title for the third championship game.
According to legend, “Super Bowl” originated from Kansas City Chiefs owner Lamar Hunt. His daughter played with a toy known as the “Super Ball.” The toy reportedly inspired Hunt to suggest renaming the NFL title game to Super Bowl.
In a 1986 interview, Hunt later provided a more in-depth explanation. In an NFL owner’s committee, confusion arose in conversations about the current playoff games and the new NFL title game.
Hunt explained that someone used the term “Super Bowl” to distinguish the championship from the other playoff games.
Hunt is also credited with assigning Roman numerals to each year’s game, which started a few years afterward for Super Bowl V.
Total Money Wagered on the Super Bowl
Every year, the Super Bowl is the highest-earning single event in the sports betting world.
The American Gaming Association (AGA) projected that Super Bowl LIV between the Chiefs and 49ers earned about $6.8 billion in bets from 26 million American bettors. In many cases, prop bets make up over half of the number and amount of Super Bowl bets.
The number of legal bets in the United States will likely increase in the next few years as the number of legal and regulated online sportsbooks like MaximBet.com increase across the country.
Where to Bet Legally on Super Bowls
Several states throughout the United States allow people physically located in the area to place bets on the Super Bowl at legal and regulated sportsbooks.
Among those states, some also allow people in the state to place bets through a sportsbook’s website or mobile app.
Go only with licensed sportsbooks like MaximBet.com. Like other legal online sports betting sites or bookies, such as Fanduel, BetMGM, Draftkings, and William Hill, MaximBet offers you a safe and secure platform for maximum sports betting enjoyment.
Frequently Asked Questions
1. Where can I bet on the next Super Bowl?
Currently, sports betting is legal in various states, including Colorado, Michigan, and Pennsylvania. You can often find Super Bowl odds and promotions for the big game.
2. How similar are Super Bowl odds at New Jersey (NJ) and Las Vegas (LV) sportsbooks?
Most sportsbooks post similar odds in New Jersey and Nevada. However, sometimes regional bias requires bookmakers to adjust odds for local teams by lowering the price if bettors are betting heavily on a local team.
3. Which teams have won and lost the most Super Bowls?
The Patriots and the Steelers have each won six Super Bowl titles. Meanwhile, the Buffalo Bills and Minnesota Vikings have lost the most Super Bowls without winning one, going 0-4 in the NFL championship.
4. What were the biggest point spreads in Super Bowl history?
The 49ers were gigantic 18.5-point favorites over the Chargers in Super Bowl XXIX. San Francisco’s high-powered offense dismantled the Chargers 49-26, covering the spread.
Meanwhile, in Super Bowl III (3), the Jets were heavy 18-point underdogs versus the Colts. The Jets defeated the Colts 16-7 in a shocker.
If you wish to place bets in the regular season or NFL playoffs, or get Super Bowl betting odds, then MaximBet.com has you covered.
Contact us today to get the latest betting odds for NFL games this season so you’ll have the best chance of success when placing bets.