The Super Bowl is the most-watched television program in the United States every year. It is also one of the most lucrative sportsbooks. Learn more about Super Bowl betting odds below:

Super Bowl betting odds explained

The Super Bowl betting odds are the odds that bookmakers will set on the outcome of the Super Bowl. Betting odds Super Bowl are products of supply and demand, just like any other market. If more people are willing to bet on a team, then the price for that bet goes down. The bookmakers don’t want to take all of your money. Hence, they’ll adjust their prices accordingly.

The first thing you need to know about Super Bowl odds betting is that they are not static. They change throughout the season based on how well each team performs. Also, how many people bet on each side of the game?

Sportsbooks with the best Super Bowl betting odds

Here is a roundup of sportsbooks that offer the best Super Bowl betting odds available:

  • DraftKings Sportsbook – DraftKings Sportsbook is one of the most popular online sportsbooks in the United States. They have one of the best Super Bowl betting odds to offer. The DraftKings Sportsbook has a great reputation for offering their customers fair and honest odds on their games. They also have one of the best mobile apps available. Thus, making it easy for you to bet, no matter where you are.
  • Tipico Sportsbook – Tipcio Sportsbook is the sports gambling site of choice for many people in Europe. The site falls under Tipico Interactive GmbH. Tipico features some of the best betting odds on the Super Bowl and other major sporting events. You can find all the latest odds, lines, and match-ups right here. There are plenty of betting options available, including parlays and teasers.
  • FanDuel Sportsbook – FanDuel Sportsbook is the newest addition to our list of the best sportsbooks for betting on the Super Bowl. Moreover, the sportsbook is under FanDuel, one of the world’s largest daily fantasy sports operators. FanDuel Sportsbook launched in early 2009. It offers some of the best Super Bowl betting odds available anywhere. Fans can bet on all kinds of futures and prop bets at FanDuel Sportsbook. They offer more than 30 different bets related to the Super Bowl, including futures, money lines, point spreads, totals, and props.
  • Unibet Sportsbook – Unibet Sportsbook is a site that remains active for quite some time. However, it’s still one of the best places to bet on the Super Bowl. The site offers a wide range of betting options and odds, including futures, props, and in-play betting. The interface is relatively easy to use and navigate, although it is somewhat cluttered with ads and banners. Still, this shouldn’t be much of an issue for experienced bettors who are used to navigating through these types of sites.
  • William Hill Sportsbook – William Hill Sportsbook is one of the oldest and most trusted sportsbooks in the world. The company started operations in 1934 and had been operating online since 2001. William Hill offers a wide range of betting options, including futures, props, and live betting for all major sporting events. They also have an excellent mobile app that makes it easy to place wagers from anywhere on Super Bowl.
  • BetRivers Sportsbook – BetRivers Sportsbook is a great place to bet on Super Bowl. This is because of the wide variety of betting options, great customer service, and excellent bonus offers. BetRivers is an offshore sportsbook that accepts US players. It’s been active since 2012 and has thousands of happy customers. The website is easy to navigate, with separate football, basketball, and baseball sections. There are also sections dedicated to futures bets and prop bets.
  • BetMGM Sportsbook – BetMGM is a well-known name in the sports betting industry. It started in 2018 and grew steadily ever since. They offer over Forty thousand live wagers on all major sporting events, including the Super Bowl. BetMGM Sportsbook offers two kinds of Super Bowl betting odds: money lines and points spreads. Money lines are available for straight bets on who will win or lose a game.
  • Caesars Sportsbook – Caesars is the only sportsbook on this list that’s located in Las Vegas. That’s because Nevada is the only state where you can legally bet on the Super Bowl. You’ll need a bookmaker who operates outside the United States in other states. Caesars offers some of the best Super Bowl betting odds in Las Vegas. You can find them at most casinos in town, including Bellagio, Mirage, and MGM Grand.
  • PointsBet Sportsbook – PointsBet is one of the most popular and well-known sports betting apps in the world. It was launched in 2019, but it continues gaining popularity ever since. The main reason for that is the excellent selection of bets they offer and their odds. PointsBet is one of the few sportsbooks that offer to bet on Super Bowl futures, which we appreciate. It offers a wide range of bets on Super Bowls, including futures and props. You can bet on almost anything you want: whether a player scores a touchdown or how many points he scores. The only thing missing from this book is live betting options during the game itself.

Live Super Bowl betting odds

Most live Super Bowl betting odds are available during the game on most major online gambling sites. These bets are usually made through online sportsbooks like Bookmaker and Sports Interaction. These websites offer their users several ways to place bets on football games throughout the year, including pregame wagers and Moneyline, and spread bets during the games themselves.

Different Super Bowl bet types with betting odds

Here is a look at popular Super Bowl bet types with betting odds:

  • Super Bowl proposition bets – A Super Bowl proposition bet is a unique aspect of the Super Bowl that allows bettors to wager on various things. These bets can be on anything from who will win the coin toss to what color it will dump Gatorade on the winning coach. Also, these bets are popular because they allow bettors to diversify their risk and potentially win more money than they would with just wagering on a point spread or money line.
  • Totals bet – A total bet is an accumulator that includes a variety of different bets (both sides and totals) on one ticket. For example, you might have one side bet on the Rams plus-3 and another on New England plus-5½. If both teams cover their spreads, you win both sides of your ticket and then collect your money back in full as well as whatever you win on your total bet
  • Futures bet – A futures bet is a wager that you make well before the game. You’re essentially betting on who you think will win the Super Bowl. With sportsbooks offering odds as early as preseason, it’s easy to get involved with this wager.
  • Live play bets – A Live play bet is the simplest way to bet on Super Bowl. You can place a straight wager on the game’s outcome or pick up a prop bet. Prop bets can be single bets or parlays, but they usually involve more than two teams.
  • Moneyline bet – The Moneyline bet is perhaps the most popular form of wagering in the Super Bowl. First, the bettor must pick the winner of the game without any handicapping or point spread. It’s simply a matter of picking which team will win.
  • Spread bet – Placing a spread bet means wagering on the outcome of an event. The bettor can bet that the margin of victory will exceed the spread or that a specific amount will not exceed it. If the team wins by more than the spread, you lose your money.
  • And many more. – An over/under bet is similar to a spread bet in that it requires you to predict whether it will score more or fewer points in a game, but instead of using a margin of victory, you have to predict whether the total score will be over or under a certain number.

FAQ

Who decides the Super Bowl betting odds?

The NFL determines the Super Bowl betting odds. Also, the league has a formula that considers many factors, including past performance, the strength of schedule, and injuries. However, Vegas sportsbooks also factor in public perception and set their lines. So while there is some overlap between the two sets of odds, they aren't always identical.

Does each team have the same betting odds in the Super Bowl?

No, each team doesn’t have the same betting odds in the Super Bowl. The odds for each team are set by oddsmakers trying to predict which team will win and by how much. But the odds for different sportsbooks can vary greatly. Moreover, there is no way to tell which ones are more accurate until after playing the game.

What bet type for the Super Bowl has the best betting odds?

The spread and Moneylinebet types have the best betting odds for the Super Bowl. These are the most popular Super Bowl bets, but props can be fun. Props include everything from whether a team will score in the first quarter to which player will score first. Some props have better odds than others, so make sure you do some research on your favorites before placing a bet.