The Super Bowl is always one of the biggest sports of the year. According to a survey by the American Gaming Association, a whopping 50.4 million Americans were estimated to bet on the Super Bowl last year in amounts totaling $16 billion, and with more states legalizing sports betting, those numbers should continue to increase.
And you know who has something for you come the Big Game? A bunch of sportsbooks, that’s who. A number of operators are offering some sweet Super Bowl betting promotions, so get in now while the getting’s good!
Best Super Bowl Betting Promotions
Up To $1,500 in Bonus Bets Paid Back if your First Bet Does Not Win
21+ Gambling problem? Call 1-800-Gambler
Bet $5 and Get $150 or $1,000 Safety Net on Super Bowl Bets
21+ Gambling problem? Call 1-800-Gambler
Bet $5 on the Super Bowl, Get $150 in Bonus Bets If Your Bet Wins + 3 Months of NBA League Pass!
21+ Gambling problem? Call 1-800-Gambler
First Super Bowl Bet on Caesars up to $1,000 (Promo Code: AWE1000)
21+ Gambling problem? Call 1-800-Gambler
Bet365 Super Bowl Promo: Bet $5 and Get $150 in Bonus Bets OR $1,000 Safety Net
If you’re in Pennsylvania, North Carolina, Ohio, Colorado, Iowa, Louisiana, New Jersey, Arizona, Indiana, Kentucky or Virginia and you want to bet the moneyline on the Super Bowl, bet365 has a sweet offer for you: Bet $5 to receive $150 in Bonus Bets! To claim, you simply need to:
- Sign up with OddsShopper exclusive bet365 bonus code.
- Deposit at least $10.
- Place a wager of at least $5.
That’s it — you have $150 in Bonus Bets to place any other Super Bowl bets you want OR a $1,000 Safety Net!
BetMGM Super Bowl Promo: Up To $1,500 in Bonus Bets Paid Back if your First Bet Does Not Win!
If you’re wanting to make a huge play on a Super Bowl bet but you want to mitigate the risk, then BetMGM might be the sportsbook for you. For the Super Bowl, BetMGM will pay you back in Bonus Bets up to $1,500 if your first bet doesn’t win! All you have to do is:
- Sign up with our BetMGM bonus code.
- Deposit at least $10.
- Place your first bet.
And just like that, should your first bet lose, you will have your bet paid back!
Caesars Sportsbook Super Bowl Promo: First Bet on Caesars up to $1,000
Now is the perfect time to place some high-risk, high-reward Super Bowl bets with Caesars Sportsbook — they are offering $1,000 payback on your first bet, after all. To claim your Caesars promo, all you have to do is:
- Register your account using our Caesars Sportsbook promo code.
- Deposit a minimum of $10 into your account.
- Place any bet up to $1,000.
If your bet loses, Caesars will return your bet to you in the form of Bonus Bets!
DraftKings Super Bowl Promo: Bet $5, Get $200 in Bonus Bets
The No. 2 sportsbook in America is offering a great new customer Super Bowl betting promotion: Bet $5, Get $200 in Bonus Bets! Got an inside track on a Super Bowl longshot that you really want to play but don’t want to risk too much of your funds? DraftKings is a great option for that.
FanDuel Super Bowl Promo: Bet $5, Get $150 in Bonus Bets If Your Bet Wins + 3 Months of NBA League Pass!
FanDuel is the No. 1 sportsbook in the U.S. for a reason — they appeal to the novice, intermediate and expert bettors alike. And given that the Super Bowl is many people’s one day a year to wager on sports, FanDuel is likely the go-to option for a majority of first-time bettors. If you’re one of those and you want a nice edge ahead of the Big Game, FanDuel is offering $150 in Bonus Bets for the Super Bowl!
To grab this, you need only follow these steps:
- Sign up with our FanDuel promo code.
- Deposit at least $10 into your account.
- Place a bet of at least $5.
If your bet wins, you will get $150 in Bonus Bets!
BetRivers Super Bowl Promo: Get a Second-Chance Bet up to $500
What better time to take advantage of some second-chance bets than the Super Bowl? With the variety of awesome props and the amount of money on the line, the stakes are higher than ever, and you can be a part of it without risking your bankroll at BetRivers! Here is how you collect your second-chance bet:
- Create an account with BetRivers.
- Deposit at least $10.
- Place a bet up to $500.
And you qualify to get your first bet paid back if it loses!
Fanatics Promo: Bet and Get up to $1,000 in Bonus Bets
Since mid-2023, Fanatics Sportsbook has rapidly become a leading force in the sports betting industry, expanding to 22 states. For the first 10 days after registering your account, you can take advantage of the Fanatics promotion by placing a qualifying wager of at least $5 with odds of -200 or longer. Each day you place a qualifying bet during this period, you’ll receive up to $100 in bonus bets. By placing a qualifying bet every day for all 10 days, you can earn up to $1,000 in bonus bets! Here’s how to claim this offer:
- Sign up for Fanatics Sportsbook account.
- For the first 10 days following your account registration, opt into the Fanatics promotion and place a qualifying wager of at least $5. A wager must have odds of -200 or longer to qualify.
- Each day in this 10-day period that you make your qualifying bet, you will receive up to $100 in bonus bets.
If you do this each of the 10 days, you will in total earn up to $1,000 in bonus bets!
Types of Bets to Make on the Super Bowl
Point Spread
This is the most popular type of NFL bet. The sportsbook sets a point spread, which represents the number of points by which a team is favored or an underdog. Bettors can then wager on either side of the spread. If you bet on the favorite, they must win by more than the spread for your bet to be successful. If you bet on the underdog, they can either win the game outright or lose by fewer points than the spread.
Moneyline
In a moneyline bet, you simply pick the team you think will win the game. The odds indicate how the betting public is playing each side, and the payout varies accordingly. Favorites have negative odds, while underdogs have positive odds.
Over/Under (Total)
This involves predicting whether the total combined points scored by both teams in a game will be over or under a certain number set by the sportsbook.
Looking back to Super Bowl 57, the total for Chiefs-Eagles was over/under 51.5. Since the game ended up 38-35 Chiefs, the total ended up actually being 73. Therefore, the over hit.
Team totals are also popular total plays. The principles are the same as with game totals, only the score applies for just one team. The individual overs hit for both teams in the 2023 Super Bowl, as the Chiefs’ and Eagles’ team totals were both in the mid-20s. With both squads eclipsing 30, it was a big over day across the board.
Props
These are the bets that get much of the action from novice bettors, as they cover all the things beyond the outcome of the game. These could include in-game action like passing yards or anytime touchdown scorer, or they could be for less significant things like the outcome of the coin toss, the length of the National Anthem or the color of Gatorade poured on the head coach after he wins.
Here are some of the results of props from Chiefs-Eagles in Super Bowl 57:
- National Anthem Length: 121.99 seconds (the line was 126.5 seconds, so the under hit)
- Coin Toss: Tails
- Gatorade Color: Purple (+750) — this was the longest winner in the history of tracking Gatorade color odds
- First Touchdown Scorer: Jalen Hurts (+700)
- Anytime Touchdown Scorers: Hurts (three), A.J. Brown, Travis Kelce, Nick Bolton, Isiah Pacheco, Kadarius Toney, Skyy Moore
Parlay
Parlays can be the most rewarding bets — especially on Super Bowl Sunday — but they are also the riskiest. A parlay combines multiple individual bets into one overall bet. For a parlay to win, all bets within it (called legs) must be successful. The potential payout for Super Bowl parlays is higher because of the increased risk.
For some real fun, you can try multi-sport parlays, which are offered by the Parlay Builder. The process is the same as with NFL-only parlays, but you can combine NFL bets with other sports that are going on, such as NBA. And luckily for us, there are two afternoon NBA games on Super Bowl Sunday this year, so we have some options:
In-Game (Live) Betting
Bets are made during the game as it goes on, and the NFL odds fluctuate in real time based on the game’s dynamics, including scoring, turnovers and other factors.
Halftime, First Half, First Quarter
Halftime wagers are placed on the results of the game’s second half, including point spread, moneyline or totals specific to that period. First half and first quarter bets are the same as halftime bets but focus on the outcome of the first half or quarter.
Latest Super Bowl Betting Odds
Now that you know about game-specific Super Bowl bets, let’s take a look at the odds on some Super Bowl futures. Be sure to check out OddsShopper’s live odds page to stay on top of the ever-changing lines on these Super Bowl bets!
OddsShopper is here to make betting on the Super Bowl a fun, profitable experience for you. Portfolio EV scours the market on all sorts of bets, from game lines to player props and even futures, allowing you to see which sportsbook offers the best odds and which bets have the most expected value (EV). With OddsShopper on your side, you can make sure that all of your Super Bowl bets have the best chance of increasing your bankroll. What are you waiting for? Sign up now before the Big Game gets here and start earning some money on the biggest sporting event of the year!
How to Bet on the Super Bowl: Super Bowl Betting Trends
There are a number of factors to consider when making Super Bowl bets, and some of the more interesting data points are betting trends. These can help give you an idea on a macro sense how Super Bowl bets tends to take shape. Remember, these are meant only as another element to consider; they should not be the be-all and end-all of your Super Bowl betting decisions.
Super Bowl Favorites vs. Underdogs
Over the last 11 seasons, seven of the Super Bowl winners entered the game as underdogs on the moneyline. However, three of the last six winners were favorites: The Rams (2022), the Chiefs (2020) and the Patriots (2019). The longest moneyline underdog winner in the last 10 Super Bowls was the 2015-16 Broncos, who were +180 to beat the Panthers. The shortest moneyline favorite to win was the Rams over the Bengals in 2022.
As for the spread, those Broncos are the biggest underdogs to win, doing so at +5. The 2021 Rams team, at -4.5, was the biggest favorite to win — though covering that number was a different story.
Did the Winner Cover the Spread in the Super Bowl?
Of the four winners who entered the game as favorites, the Rams were the only one that failed to cover the spread. So the winner has covered the spread in nine of the last 10 Super Bowls.
Super Bowl Totals
Totals in the last 10 Super Bowls have been the game lines most subject to trends. The over and under have hit the same number of times in that span — five apiece — but only once has the same side of the total not won in multiple consecutive Super Bowls.
The over hit for Chiefs-Eagles in 2023, but the under was the winner in the five of the last six Super Bowls. Then it was the over hitting in four of five — 2014 and 2015, then 2017 and 2018 — with the under in 2016 the only under mixed in. If we go back another year, the over hit in 2013 as well, so it was really five of six in that stretch.
Five of the last 10 Super Bowls had totals of 50-plus, and the over hit in two of those. Conversely, the under hit in two of the five Super Bowls that had totals in the 40s. The lowest total in that span was 43.5 (Broncos-Panthers 2016), and the under won. The highest total was 57 (Patriots-Falcons 2017), and the over hit — though that required overtime, as the total was 56 in regulation.
Comeback Super Bowl Winners
If you want to get in on some in-game bets for the Super Bowl, then looking at some of the come-from-behind winners may be of interest. There is not much data to go on in terms of live betting odds throughout Super Bowl history, but there have been six true comeback wins in Super Bowl history that could have paid off huge for live bettors.
Last year’s Super Bowl was the most recent example, with the Chiefs down 24-14 to the Eagles at halftime. They came back to win by 3.
The Tom Brady Patriots have two of the most infamous examples: Their 28-3 comeback on the Falcons and the win over the Seahawks that was sealed by Malcolm Butler’s interception at the goal line. New England trailed 24-14 at the end of the third quarter in that one.
Drew Brees led the Saints back against the Colts in 2010, going on a 31-7 run after getting down 10-0.
The last two examples are older games:
- 1991: Giants beat the Bills by 1 after trailing 12-3 (aka the Scott Norwood Wide Right game)
- 1988: Doug William led Washington to 42 straight points to beat John Elway’s Broncos 42-10.
Preseason Longshots to Win the Super Bowl
Super Bowl winners are rarely huge surprises relative to their standing when the season begins. That said, there have been some massive longshot winners in terms of either their preseason odds or their odds leading up to the postseason.
Some preseason longshots include:
- 2017 Eagles: +4000 (Nick Foles season)
- 2001 Patriots: +6000 (First Tom Brady Super Bowl)
- 1999 Rams: +15000 (Kurt Warner replaces Trent Green)
- 1981 49ers: +5000 (First Joe Montana Super Bowl)
- 1980 Raiders: +3500 (Jim Plunkett replaces Dan Pastorini)
Then there have been a few longshots based on their late-season/playoff odds that went on to win it all:
- 2012 Ravens: +3000 in Week 16 (Joe Flacco season)
- 2011 Giants: +5000 in Week 14 (Second win over Patriots)
- 2010 Packers: +2800 in Week 16 (Aaron Rodgers’ only win)
- 2007 Giants: +5000 entering playoffs (Ended perfect Patriots run)
Remember, responsible gambling is essential. Set limits for yourself, only bet what you can afford to lose and be aware of the signs of gambling addiction. Legal gambling age is 21+ in most states. Gambling problem? Call 1-800-GAMBLER.
Super Bowl Bet Promos FAQ
First you choose a reputable sportsbook that you want to use — either online or in person — and if you haven’t created an account yet, register and deposit some funds. Then you can find a bet you want to make, choose a side and how much you want to play, and then submit your bet!
That depends on a number of things, such as personal risk tolerance, bankroll, the number of other bets you are placing, etc. To stay up to date on the best odds on whom you should bet to win the Super Bowl, check out Portfolio EV.
Betting on the Super Bowl online is legal in these states: Arizona, Arkansas, Colorado, Connecticut, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia, West Virginia, Washington D.C. and Wyoming.
Last year the Super Bowl was estimated to see $16 billion in bets. The American Gaming Association has not yet released their estimates for Super Bowl 58, but a more states are legalizing sports betting i, so that $16 billion number could rise.
These are known as moneyline odds, and they represent what a $100 wager will earn you if you win. In this case, a $100 bet on the Super Bowl will net you $1,100 — your $100 wager back plus the $1,000 represented by the +1000 odds.
The most important thing as a beginner when betting the Super Bowl is to always play within your means. So long as you do your research on sportsbooks and stay safe with your bets, betting on the Super Bowl should be, above all, fun!
But if you want to win with your early Super Bowl wagers, there are a few key things to keep in mind. One, make the most of sportsbook promotions, rewards and bonuses. These will allow you to get a good start on your bankroll without risking too much of your personal funds. Second, know that game lines are not about predictions or probability of something happening, but rather about where the bets are coming in from the public. Third, though betting favorites seems like an easy route at first, in the long run it will not pay as much as taking some chances.
Set your personal betting limits, attack those Super Bowl betting promotions and try a swing at a longshot or two!
Author
Sam Smith
