Super Bowl Betting Tips – 5 Ways to Maximize Win Potential

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With Super Bowl 2023 odds changing weekly throughout the season, betting on Super Bowl odds can be tricky. Should you go with the betting favorite, roll the dice on an underdog, and if so, when? Do you want to take the Bills now or later in the season after they’ve lost a couple? So many decisions, so little time!

Because the Super Bowl is the last game of the season and the biggest, it’s the one bet everyone wants to get right—which is where we come in. The following tips will not help you pick the winner (we are only three weeks in, after all):

Top 5 Super Bowl Betting Tips

1. Line Shopping

Line shopping is something you should do for every bet you place. It entails comparing odds at multiple online sportsbooks to see who has the best odds for the team you want to bet on. For example, let’s say like the Buffalo Bills for the current Super Bowl betting odds. At DraftKings Sportsbook, you can get them at +400, which means a $100 bet will win you $400. However, if you were to bet at FanDuel Sportsbook, you’ll get +450 odds; a $100 bet will win you $450!

Line shopping can be a tedious practice, and requires you to open accounts at multiple sportsbooks. But that also gives you a chance to make the most of tip #5 below.

2. Hedge Your Bet (Pick Multiple Teams)

This may sound a little reckless, as you can only be right once (assuming one of your bets is on the winner). Who wants to guarantee they’ll lose? Sure, if you put money down on four teams, you will lose at least three of those bets. But that is a common betting strategy called “hedging your bet.”

Hedging is simply putting a wager on the opposite side of an existing wager. Or, in the case of a futures bet on the current Super Bowl 57 odds, on a different team.

Let’s say you bet $100 on the Chiefs to win Super Bowl 57 when odds opened in January (even before Super Bowl 56 took place). You could have gotten them at +700 at the Westgate in Vegas (odds via SportsOddsHistory.com). But when rumors swirled around Tom Brady possibly going to the Bucs, you put a $100 bet on Tampa Bay at +4000.

Yes, you lost the $100 you bet on the Bills. But since you bet on the Bucs at +4000, you won $4000 on that bet! Subtract your loss, and you still come out way ahead.

3. Don’t Overlook the Other NFL Futures Markets

The Super Bowl isn’t the only NFL futures market you can bet on. While it’s certainly the most popular, bettors can also find big profit margins on individual player awards and team futures. Some examples include:

  • Regular Season MVP
  • Offensive/Defensive Player of the Year
  • Coach of the Year
  • Over/Under Total Team Wins
  • Division Winner
  • Conference Winner
  • #1 Overall Pick for the NFL Draft
  • To Make the Playoffs

The list goes on. Whether you have confidence in a specific team or player to pull something off, the top US online sports betting apps have tons of options.

4. Timing is Everything – But Not the Only Thing

“When to bet” is a common question. Do you put your money down when odds open and are at their longest for the probable contenders? Do you wait until after free agency so you can get a better idea of what the roster will look like? What about during preseason and training camp? Or should you wait until everyone plays a few games so you can get a better idea of how teams look?

There is no right answer to the question.

In a perfect world, you’ll place your bet when their odds are nice and long so you can win more money. Fans that locked in bets on the Rams to win Super Bowl LVI at +2000 were probably overjoyed that they bet when they did. But the fan that bet on them prior to their Week 9 game when their odds had gone down to +650 was probably just as happy.

Yes, if you place your bet at the right time (when the odds are the longest), you can win more money. But if you are not comfortable with betting on them at that moment, then you should wait until a time when you are comfortable. The odds are long for a reason: it means they don’t have a great chance to pull it off. So, while waiting gives you a lower payday, it also gives you a better chance of winning.

5. Take Advantage of Bonus Offers

The only thing that beats winning a bet is winning a bet with someone else’s money. With some of the bonus offers sportsbooks are running, you can do just that (with free bets). Others will offer risk-free bets, or what FanDuel likes to call a “no-sweat first-bet.” Here are the top sports betting offers available to US bettors:

Online SportsbookPromo Code (Click to Claim)States Operating
DraftKings Promo Code:Deposit $5, Get $50 Free + 20% deposit match up to $1,000AZ, CO, CT, IL, IN, IA, KS, LA, MD, MI, NH, NJ, NY, PA, TN, VA, WV & WY
BetMGM Promo Code:Risk-free bonus offer up to $1,000 with bonus code PLAYSPORTSAZ, CO, DC, IL, IN, IA, KS, LA, MD, MI, MS, NJ, NV, NY, PA, TN, VA, WV & WY
Caesars Promo Code:Up to $1,250 on Caesars + 1000 Tier Credits + 1000 Reward Credits with promo code: SBBONUSFULLAZ, CO, IN, IA, IL, KS, LA, MD, MI, NJ, NY, PA, TN, VA & WV
BetRivers Promo Code:100% deposit match up to $500 with bonus code BONUSPLAY and FREEBONUS in NJ (100% deposit match up to $100 in NY)AZ, CO, IL, IN, IA, LA, MD, MI, NJ, NY, PA, VA & WV

FanDuel Promo Code:$1,000 no sweat first betAZ, CO, CT, IL, IN, IA, KS, LA, MD, MI, NJ, NY, PA, TN, VA, WV & WY
PointsBet Promo Code:2 risk-free bets up to $2,000 total with bonus code 2000BETCO, IL, IN, IA, KS, LA, MD, MI, NJ, NY, PA, VA & WV
Unibet Promo Code:Risk-free bet between $100 and $500, depending on state, with bonus code BETBONUSAZ, IN, IA, NJ, PA & VA
bet365 Promo Code:Bet $1, get $200 freeNJ & CO

Let’s say you were excited about the Dallas Cowboys coming into the season and decided you wanted to bet $100 on them at +1700 to win $1,700. But after how they looked against the Buccaneers, that does not look like a good bet anymore. If that was your first bet after opening an account at FanDuel and Dallas doesn’t win Super Bowl 57, FanDuel would credit your account with $1,000 in free bets.

Not in a state with legal online sportsbooks? Check out Fliff Sports Picks to win cash prizes based on the sports betting odds.

About the Author

Travis Pulver

Travis Pulver is a lifelong football fan, something he says comes naturally having been born in the football-crazy state of Texas. His love of sports has extended into baseball, basketball, golf, and rugby through the years. Life currently finds him in Indiana with his wife and two kids.

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