The anticipation for this year's Super Bowl is at an all-time high, with a record-breaking number of people planning to place bets. According to recent reports, approximately 68 million Americans are projected to wager on the event, which will amount to around $23 billion in total.
Since the U.S. Supreme Court's 2018 ruling, which spurred a broad expansion of legal betting, more than $300 billion has been wagered with American sportsbooks. The Super Bowl, the most bet-heavy single game in American sports, is now making its way to Las Vegas for the first time.
Everything You Must Know Super Bowl LVIII Betting
With such a significant financial stake, it's no wonder that many are curious about the various betting options available for Super Bowl LVIII. Beyond the usual game result bets, there are numerous possibilities to explore on legal sportsbooks. Perhaps you would want to bet on the outcome of the first coin toss or who will make the game's first pass. You can also bet on the color of the Gatorade that is thrown onto the victorious coach. More than you may imagine is offered by the regulated sportsbooks.
Betting on the Super Bowl’s Game Outcome
NFL games see most of the action in terms of betting, with the spread, total points, and moneyline being the popular choices.
Spread: The spread is a projected point margin that sportsbooks estimate one team will win by. The San Francisco 49ers hold a point advantage of 2 points over their opponents, the Kansas City Chiefs. This implies that in order to profit from your bet on San Francisco against the spread, they would need to win by a margin of more than two points. If you believe that Patrick Mahomes and the Chiefs will keep this game tight, you may bet on Kansas City +2, which would turn into a profitable wager if Kansas City won or lost by just one point.
Moneyline: It is a bet on a team to win a match. The moneyline presently has San Francisco as the favorite at -125 and Kansas City at +105. Based on those odds, you would have to bet $125 to win $100 if you were betting on the 49ers, whereas you would only have to pay $100 to earn $105 if you were betting on Kansas City.
Over/under: This is the anticipated final score for the game in points. The current over/under for Super Bowl LVIII is at 47.5 points. You would have won if you had backed the over, and the result ended up being 30–20. Say if the score was 17–14, you would lose. Pretty easy!
Fun Bets to Explore During Super Bowl LVIII
While there are plenty of conventional bets for the Super Bowl, the fun doesn't stop there. Many sportsbooks offer novelty bets that can make the game even more entertaining.
The outcome of a popular prop bet revolves around the color of the Gatorade that will drench the successful coach immediately after the final whistle blows. Interestingly enough, orange has been the favorite color in the early betting odds this year. Additionally, Taylor Swift's connection to Chiefs tight end Travis Kelce has led to a range of Swift-themed bets.
DraftKings provides an entire menu of Swift-inspired bets based on her hit songs, totaling 26 different options. In summary, Super Bowl LVIII offers a vast array of betting possibilities, from conventional game result bets to the more lighthearted novelty wagers.