Super Bowl Betting
Nobody knows how much money is bet on the Super Bowl every year, but it’s suspected to be in the billions. People bet against their friends, in office pools, and with local bookies. Betting at live and online sportsbooks has become as much of an American pastime as the game itself.
Bettors can choose from straight bets using a point spread, or money line bets which do not. Straight bets are the most popular because they even out the game and make it more exciting.
Below we are listing the best online sportsbooks to bet on Super Bowl XLV.
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Super Bowl Straight Bets
As mentioned above, straight bets use a point spread. Using a point spread allows the sportsbooks to even out the odds of a game, thus being able to offer -110 odds on both teams. When the sportsbooks can get 50% of the wagers placed on each side, they win no matter what. From a bettors perspective, it makes the game more exciting because even if your team loses the game, they might cover the spread and win your bet.
At -110 odds, winners receive $100 in profit for every $110 they bet. If you bet $110, you’ll receive $210 total in return ($110 original bet + $100 profit).
* When the 2011 Super Bowl approaches and we know who the teams will be, we will update this page with Super Bowl XLV betting betting tips.
Super Bowl Money Line Bets
Money line bets do not use a point spread. When you bet the money line you will generally get much wider odds and all you have to do is pick the winner of the game.
The benefit of placing a money line bet instead of a straight bet is the increased odds and chance to make more money. Instead of getting -110 on either team, the odds for one team will more likely go up to -200.
Super Bowl Futures Bets
There are tons of ways to bet on the Super Bowl, and bets can be placed months before game time. Super Bowl futures bets allow people to get much better odds than waiting until the teams are decided, and bragging rights amongst your friends. While futures bets have their challenges, smart bettors can also use a few tricks to get an edge.
Instead of making a straight bet once the Super Bowl teams are decided, you can place your bets now and get far better odds. In this type of bet you are picking the winner of the 2010-2011 season before the season starts, giving you 32 teams to choose from.
Futures bets for the 2011 Super Bowl are available at most online sportsbooks right now, which means you can lock in your odds before anyone knows too much. This can be a good thing or bad thing, but for those who pay attention to key draft picks, trades, coaching changes, training camps & injuries, some nice values can be found. It’s about staying a step ahead of whoever you’re betting against.
Super Bowl Futures Betting Tips
Tip #1: When a key change to a roster occurs, you’ll usually have 15 minutes -3 hours before the sportsbooks change their odds to reflect that change. For example, you think team X is a runningback away from making a run at the Super Bowl. If at some point you find out that the team just picked up a good back, you can get odds based on the team not having that back on their roster – if you do it fast.
This can also be said about other key positions, coaching changes, trades etc.. The idea here is, pay attention and make fast moves.
On the other side of the coin, it could be the loss of a player who helps you make a good bet. If Peyton Manning goes down in training camp and is expected to be out for 8 weeks, how does that effect the Colts chances to win the Super Bowl? Huge of course. So, if the Colts were your pick to win the Super Bowl, a door just opened for your second pick. If you place your bet right away, you can often get in before the odds for your second favorite team go down. This is also a good reason to have accounts at online sportsbooks, so you don’t have to drive down to the casino and lose time.
Tip #2: Pick a team who’s been there before. Since 1987, 7 teams have won multiple Super Bowls, resulting in 18 wins out of the 24 Super Bowl games that have been played. With only 6 one-time winners, there are more teams that have won multiple Super Bowls than those who’ve won one.
Those 7 teams who’ve won multiple Super Bowls since 1987 are:
- New York Giants (2008, 1991, 1987)
- New England Patriots (2005, 2004, 2002)
- Dallas Cowboys (1996, 1994, 1993)
- San Francisco 49′ers (1995, 1990, 1989)
- Pittsburgh Steelers (2009, 2006)
- Denver Broncos (1999, 1998)
- Washington Redskins (1992, 1988)
The 6 teams who’ve won one Super Bowl since 1987 are:
- New Orleans Saints (2010)
- Indianapolis Colts (2007)
- Tampa Bay Buccaneers (2003)
- Baltimore Ravens (2001)
- St. Louis Rams (2000)
2011 Super Bowl Futures Betting Odds
At most online sportsbooks, the favorite to win Super Bowl XLV are the Indianapolis Colts. Odds range widely between sportsbooks, so look around for the best odds. Right now, Colts odds are going off at anywhere from 4.5/1 up to 8.5/1.
For the latest futures betting odds or to place a bet on Super Bowl XLV, click on any of the following links: