5 Ways You Can Bet On Super Bowl 56

We are now down to just 4 teams, as after one of the greatest weekends in NFL history, the conference championship games are set! In the AFC title game, the Cincinnati Bengals will try to dethrone the Kansas City Chiefs, and over in the NFC, it is the San Francisco 49ers squaring off against the Los Angeles Rams for the rights to play in the Big Game, Super Bowl 56.

With Super Bowl 56 right around the corner and legalized sports betting sweeping the nation, we are almost certainly going to see more money bet on Super Bowl 56 than any single game in history. Last year we saw over $4 billion bet on the Big Game, and this year we should easily see north of $5 billion put into action.

With so much money being tossed around, we here at TheSportsGeek are going to help you navigate all of the various betting options, so when the time does come to lay your hard-earned money down on Super Bowl 56, you will know how to do it like a pro. In this article, we are going to highlight 5 different ways that you can bet on Super Bowl 56 to make sure that you don’t miss out on any of the action. Let’s get started!

Money Line Bet

A money line bet is your most basic sports bet. All you do is pick a team, and if that team wins, you win your bet! That’s it! Now, if that seems too good to be true, you do need to understand that there is a bit of a catch when you bet on teams on the money line.

We all know that some teams are better than others, and in any matchup, there is going to be a favorite and an underdog. For those of you out there that aren’t all that familiar with how betting works, you might think, hey, I will just always take the favorite and win some easy money. But in the immortal words of College Gameday host Lee Corso, not so fast!

The way that books make money line betting fair for both sides is the juice that they charge on each side of the game. If you want to take that favorite, you are going to have to lay the book odds to do it. And on the flip side, if you take the underdog, the books will pay you out more than you bet if you win, enticing you to take the dogs.

Let’s use last year’s Super Bowl as an example to illustrate this concept. In Super Bowl 55, the Kansas City Chiefs were the favorites over the Tampa Bay Buccaneers. The money line for the game was Chiefs (-175) and Buccaneers (+140). That means if you bet $100 on the Buccaneers as underdogs, the books would pay you out $140. And if you wanted to take the favorites, you would have to bet $175 to win $100.

As you can see, betting the underdogs looks great on paper, whereas taking the favorites doesn’t pay very well. Just make sure that when you are making your bets, you understand that the favorites are the favorites for a reason, and while the Bucs came through last year with the underdog win, favorites are going to win more than underdogs in the long run.

The sportsbooks don’t stay open because they are bad at math and set bad lines, and generally speaking, a $100 bet on either side is going to mathematically result in the same outcome over the long term. I don’t want to get too deep into the math of how sportsbooks work, but in theory, at least mathematically, your bets on either side are going to offer identical value.

There are no easy ways to win when betting on sports, but for the most novice bettors out there, taking money line bets are the easiest bets to understand and follow. Does your Great Aunt Betty want action on Super Bowl 56? Tell her to pick her favorite team and make a money line play, and all she has to do is root for her team to win to get paid!

Point Spread Bet

A money line play is the simplest form of betting on football, but the most popular way to bet on the Super Bowl is what is called a point spread bet. Instead of betting on which team is going to win or lose the game outright and paying juice on the favorites, and getting odds paid out on the underdog, a point spread bet involves giving or taking away points from the teams.

In order to win your bet on a favorite, the books will force your side to win by at least a certain amount of points. If you take the underdog, your side can actually lose the game, but if they keep it close enough to “cover” the spread, you still get paid! We have already used last year’s Super Bowl to show you how the money line works, now let’s take a look back at Super Bowl 55 to show you how a spread bet works.

Super Bowl 55 Spread Odds

  • Matchup Odds
  • Kansas City Chiefs -3.5 -110
  • Tampa Bay Buccaneers +3.5-110

As you can see, the Chiefs were favored to win the game by 3.5 points. That means that if you made your bet on KC, they had to win by at least 4-points in order to cash your ticket. If you bet on Tampa Bay, you got +3.5-points, meaning that your bet wins if the Bucs win, OR, if they lose by 3-points or fewer. The spread didn’t end up coming into play last year, as Tampa Bay won the game outright and didn’t need those extra points, but betting games on the point spread makes the game essentially “fair,” at least mathematically.

For those of you out there that are paying extra attention, you might notice that both sides of a spread bet are laying -110 odds. That means that you have to bet $110 to win $100 on any spread bet. With the books using point spreads rather than juice to make the game even, the only way that the books make any money on a spread bet is for the books to charge each side -110.

The reason why people like betting on point spreads more than money lines, is because laying -110 odds isn’t too pricy, and you can still win money without having to lay a bunch of juice, like you would have to do if you backed a big favorite on the money line. One word of caution on betting point spreads is to understand that points are hard to come by in the NFL, and while you are sure that one team is going to blow the other team out, most games in the NFL are decided by 7-points or fewer, so buyer beware when you choose to be on the side laying points.

Totals Bet

Most of you out there probably call a totals bet an over/under bet, as you are betting over or under the posted total. But in the industry, we call these bets totals bets, as the bet is determined by the total amount of points scored in the game. A typical over/under total for the NFL is going to fall somewhere between 40 and 60 points, and just like a point spread bet, you are going to lay -110 no matter which side that you want to take.

Again, we will take a look at Super Bowl 55’s over/under to explain this type of bet. As you can see below, the total for Super Bowl 55 was set at 57.5 points, one of the highest totals ever for a Super Bowl. The game ended up coming in well under the total with a 31-9 final score, for 40 total points.

Super Bowl 55 Totals Odds

  • Matchup Odds
  • Over 57.5 Points -110
  • Under 57.5 Points -110

In terms of handle, the total is always a very popular bet, as it too is very easy for casual bettors to follow. There are a million different betting options for the Super Bowl, but many of those are left for the hardcore fans and sports betting pros. Bets like money line, point spread, and totals are easy to explain and even easier to understand, making them perfect for a game where the vast majority of the volume is going to come from people who are either very new to sports betting or don’t bet very often.

Do you think that the game is going to be high scoring? Take the over. Do you think that defense will reign supreme this year, like it did last year when the Kansas City Chiefs had nothing for the Tampa Bay Buccaneers ferocious defense? Take the under.

Over/under plays are easy to make and fun to sweat, as you don’t care where the points do or do not come from, just that your bet comes in at the end of the game. If you don’t have a strong opinion on which team is going to win, a totals play is a great alternative that even the most casual bettor can follow along with and get paid.

Prop Bet

A prop bet, short for proposition bet, is a general term used to describe all kinds of different bets. Some of the most popular prop bets for the Super Bowl include betting on the coin flip, how long the national anthem will last, and which player will score the first touchdown. There are nearly endless options when considering which prop bet to take, and we regularly see 20+ pages of various props at the big Las Vegas sportsbook for the Super Bowl.

The rest of the year, you aren’t going to find any bets like these ones, but with so much attention on the game, and so much desire for action, the books can get creative on different ways you can bet. Some of my all-time favorite props are whether or not a field goal will hit the goal post and go in, will the game go into overtime, or will there be safety?

These are what we call coin flip props, that are either yes or no bets, and they generally have huge discrepancies between the juice on both sides. Take a quick look at the below example of a safety prop bet from Super Bowl 55.

Super Bowl 55: Will There Be A Safety?

  • Prop Bet Odds
  • No -1400
  • Yes +900

The reason props like this one can be so fun is that you can make a small wager and win a lot of money! In this safety example, if you bet $100 on yes, there will be a safety, and it happens, you will get 9-1 on your money for a juicy $1000 payout! Few people tend to bet the no on props like these, as you have to lay huge odds as they are big favorites, and while there are always people that will bet on the no, thinking that it could never happen, remember, it works every time but one, and that one loss is usually enough to wipe out all of the profits you made on several wins.

Yes or no prop bets can be a lot of fun, but my personal favorite prop bets are individual player props. We see these on basically every single player, making the options close to endless. Do you think that your team’s running back is going to have a huge day on the ground? You can take over/under totals bets on his personal rushing yards. Do you think that your QB is going to light it up? You can bet on how many TD passes he might have. These are the game within the game types of plays, and they are a lot of fun!

Future’s Bet

What if I told you that even though Super Bowl 56 is still weeks away, that you could make your play on the Big Game right now? Well, it’s true, as you can make what we in the business call a future’s bet. A future’s bet is a bet on anything is going to happen in the future. Technically every bet you make happens in the future, but these are bets that are further out than normal, and with the additional risk of not having the most up to date information to make your bets, the books will pay you out much higher odds.

Let’s take a look at this year’s playoff brackets and show you future’s bets that you can make right now to win Super Bowl 56.

  • Kansas City Chiefs (+120)
  • LA Rams (+200)
  • San Francisco 49ers (+450)
  • Cincinnati Bengals (+800)

As you can see, no matter which team you choose to bet, you are going to be able to bet it getting dog money. That is because for these teams to win it all, they still need to win 2 more games, and no team individually is going to be favored to win both games. That extra game opens up all kinds of value on your favorite team now, as these odds are going to plummet after the conference championship games.

The Kansas City Chiefs are looking to make it to their 3rd consecutive Super Bowl, and all of that experience has understandably made them the betting favorites. A bet on KC right now to win the Super Bowl pays out +120, if they end up winning this weekend against the Cincinnati Bengals, they are almost for sure going to be the betting favorites on Super Sunday, and that means you are going to have to lay somewhere right around -150 to -200, depending on which team they match up against. That is a major difference in odds, and if you are confident in your team, now is the time to make your bets, as these odds are never going to get any better.

Wrap Up

There you have it, folks, 5 ways that you can get in on the action and bet on Super Bowl 56! The Super Bowl is the biggest betting event on the planet, and this year more than $5 billion dollars are expected to be bet on the Big Game. That isn’t something that you are going to want to miss out on!

Here we have giving you some great options to bet on Super Bowl 56, but there are lots of other ways to get in on the action, and you need to stay tuned to TheSportsGeek in the run up to the Big Game, as our expert team of handicappers will give you all of the high-value advice that you need to not only bet on Super Bowl 56, but to make money while doing it! Thanks for reading and good luck betting on Super Bowl 56!

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Jason Gray / Author

Jason is a true Las Vegas insider as he has called the sports betting capital of the world his home for sixteen years. Jason started out his career in gaming by running the biggest poker tournaments in the world and managing some of the biggest sportsbooks on the strip. Jason has transitioned out of casino operations and has been covering sports betting for the sports geek for just over two years. His main focus is on baseball, college basketball, and the NFL

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