Every year, Super Bowl betting outnumbers all other sporting events in terms of volume, with billions of dollars wagered on the game, attracting sports bettors from all over the world.
The Super Bowl's competitive nature is amplified by large incentives, gorgeous championship rings, and lucrative endorsement deals, making it one of the most exciting sporting events of the year.
Is Betting on the Super Bowl Legal?
There's no federal regulation that prohibits sports bettors from wagering on the Super Bowl, thanks to the repeal of the Professional and Amateur Sports Protection Act, often known as PASPA. In any of the states with betting regulations, you can legally bet on the Super Bowl.
Even if your state is yet to enact sports betting legislation, overseas sportsbooks operate in such jurisdictions. So, residents can register on these sportsbooks and place Super Bowl LVI wagers.
Where Can I Bet on the Super Bowl In My State?
You can bet on the Super Bowl from anywhere in the United States. Depending on your jurisdiction, you can use land-based sportsbooks or an online sportsbook. Looking for great options? Bet on the Super Bowl at FanDuel to find NFL futures and get your first bet up to $1000 risk-free.
If your state is yet to enact betting legislation, consider using a legitimate offshore sportsbook.
Betting Strategies for the Super Bowl
While there's no foolproof gambling strategy, it's helpful to have a strategy in place when you're ready to gamble.
To get you started, we'll go through the three most basic betting types: betting the spread, taking the over/under, and selecting the money line.
Point Spread - The point spread is a set number of points assigned to each side that tells the bettor how much they are expected to win or lose by. To cover, a team must win by more than the point spread or lose by less than the point spread. As points are awarded to underdogs, they are recorded in the positive column, while favored clubs are shown in the negative column.
Money Line - If you just want to bet on the winner of the game and nothing else, money line bets on the Super Bowl are the way to go. Each team will have three-digit Super Bowl odds in the positive or negative, indicating their chances of winning or losing as well as the amount of money that can be won vs the amount of money that can be lost.
Over/Under - This statistic is often shown on the far right of Super Bowl betting lines, and it denotes the total number of points that bookmakers believe both teams will score. Bettors must wager on whether the final point total will be more than or lower than the line. It simply asks the bettor to predict whether the combined score of both teams will be higher or lower than the specified point total.
Other Legal Super Bowl Betting Options
Prop betting is perhaps the most well-known kind of betting during Super Bowl season. For the Super Bowl, both online and land-based sportsbooks will provide various options — whether you're betting on the team or on player prop bets.
Offshore betting sites will provide more alternatives, but it's up to you to decide what you want to achieve.
Prop betting is similar to the three strategies discussed above, but it focuses only on one aspect of the game. Instead of choosing a winner or the number of points scored, you may choose how many yards the quarterback will throw, how many touchdowns will be allowed, if a fumble will be allowed, how far the longest field goal will be, how long the longest completed pass will be, and so on.
Because there are so many options, do your study ahead of time before trying to lock in a prop bet. Although the majority of these are simple yes/no questions with a standard fee, some may be more difficult to answer.