Betting on the Super Bowl is one of the most popular sports bets that fans make every year. Because it is one of the most-watched and bet on events in the country, oddsmakers are very careful where they place their lines. Understanding NFL Super Bowl odds is important for every budding sports bettor.
Sportsbooks use a host of different factors to include in NFL odds. Such as strength of schedule, previous season success, additions on the roster, and past history to show the likelihood to win the big game.
For example, prior to the 2019 season, the Kansas City Chiefs were +600 to win the Super Bowl. They would go on to face the San Francisco 49ers who were +4000 prior to the season. After a very successful season, the Chiefs would land themselves at -121 prior to the Super Bowl, where they would land a come from behind victory.
The oddsmakers were once again accurate in their assessments, giving the Chiefs near the top odds before the season and landing them as a favorite prior to the game that they won. Sports bettors who understood these odds and tracked them through the season found themselves victorious as well.
Current Super Bowl Odds – Super Bowl LV 2021
Odds provided by FanDuel Sportsbook
Odds To Win The Super Bowl – Who’s Odds Are Increasing
Super Bowl odds are always changing and this offseason is no different. The biggest change that fans saw was the Tampa Bay Buccaneers who went from +3000 on some sportsbooks to around +1000. This major shift is due to the incredibly successful offseason they had bringing in Tom Brady and Rob Gronkowski. The addition of the legendary quarterback is reminiscent of the Denver Broncos when they landed Peyton Manning. That Broncos team had a 13-3 season and a first-round bye in the playoffs.
Whenever impact players are moved to teams looking to contend, odds will change accordingly. Furthermore, there are several players who could potentially be moved and change odds more. Jamal Adams has reportedly requested a trade, AJ Green appears to be a trade candidate, and Antonio Brown is still sitting on the free-agent market.
Odds To Win The Super Bowl – Who’s In Trouble
When looking at Super Bowl odds, bettors would be wise to follow offseason rumors and trends. For instance, Jamal Adams is the Jets’ best overall player on both sides of the ball. He requested a trade during the offseason. Should the Jets move him, expect their already longshot odds of +8000 to dip near the Jaguars who are +20000.
Injuries are also a huge part of Super Bowl futures bets. When star players get injured, Super Bowl favorites can change in a heartbeat. For example, Patrick Mahomes’ dislocated his kneecap in 2019. The entire team held their breath hoping it was not season-ending.
When Andrew Luck announced his retirement just prior to the 2019 season, the Colts went from +1200 to +8000. This is a rare change of fortune for a team that was hopeful to make a run at the Super Bowl.
Stay up to date on all the latest rumors to make the most educated of picks. The 2021 Super Bowl odds could also change dramatically as the nation learns about how COVID-19 will affect gameplay throughout the season.
Where Can I Bet On The Super Bowl Online
If you want to bet on the Super Bowl online you must be located in one of the states that permit legal online sports betting.
The list of states where online sports betting is legalized changes regularly. States like New Jersey and Pennsylvania set the stage for online Super Bowl Betting early on. States like Colorado, Illinois, Indiana, Iowa, Michigan, Nevada, and West Virginia are in various states of launch. Some of them already have live online sportsbooks ready to take Super Bowl futures bets.
Each state has different sportsbooks that are legally allowed to operate in a given state. For example, BetMGM is legal in New Jersey, Nevada, West Virginia, Indiana, and Colorado. One of the more widely recognized sportsbooks, BetMGM offers a $500 dollar risk-free bet that can be used while betting on the Super Bowl.
Learn more in our Guide To Placing A Sports Bet Online.
How To Choose The Best Sportsbook For Super Bowl Betting
Many fans would be keen to use this risk-free bet for a free shot at the Super Bowl winner at advantageous odds. For instance, if you bet on the Buccaneers to win the Super Bowl before they signed Tom Brady you would get odds near +3000. These are extremely strong odds and gives your bet of $500 the chance to turn into $15,500.
It is important to differentiate which sportsbooks have the best odds. Sharps typically have multiple sportsbooks that they are registered with. They will flip between the sports betting apps to make a decision that is the most profitable. For example, if PointsBet has the Buccaneers at +2900 but BetMGM had the odds at +2600, the seemingly small difference in odds is worth $1,500 in this particular bet.
Each sportsbook is different based on the odds that are available. Some charge a higher vig and some odds change because big amounts of money are being thrown around. If large wagers are placed on the Chiefs to win the Super Bowl, their odds will begin to change so the books can adjust to the amount of liability.
How To Place Online Super Bowl Bets
When bettors want to wager on the Super Bowl they must first sign up for a sportsbook. It is important to take advantage of promotions that they may have going. Refer to Bonus.com’s Sportsbook Reviews to get the exclusive promotional codes and find the sportsbook right for you. Then, follow these steps:
- Step 1: Use our Online Sports Betting Guide to find the right sportsbook for you and to take advantage of the best promotions.
- Step 2: Choose your sportsbook and download the app.
- Step 3: Go to the sign-up page and register for your account.
- Step 4: Enter your first and last name as well as your email address and last four 4 of your social security number.
- Step 5: Deposit money using the promo code found in the review.
- Step 6: Tap on Sports > NFL> NFL Futures> Super Bowl Odds> Place bet.
- Step 7: Once your team wins the Super Bowl, sign in to your account options, tap withdrawal, and enjoy your payday!
Where Can I Bet On The Super Bowl In Vegas?
Las Vegas is one of the top cities for betting on sports in the country. Mobile betting is not ideal, however, as fans must go to a casino first before being able to register for a mobile sportsbook.
Vegas is known for its wide array of casinos and resorts that get herds of visitors from across the country. The plethora of options on the Vegas Strip will make the fan experience even more fun whether you are betting on live events already in progress or prior to gameplay. Going to Las Vegas sportsbooks to place Super Bowl bets is very common.
MGM Grand, Caesar’s Palace, and Golden Nugget are very popular Las Vegas casinos. The Westgate SuperBook, Caesars Palace, Wynn, South Point, Venetian, and many other Las Vegas casinos host sportsbooks. All of these venues offer numerous ways to bet on the NFL.
How Are Super Bowl Bettings Odds Calculated?
Bettors that understand how odds are broken-down and calculated can make bets more educated. There are so many different factors that play into the Super Bowl favorites. More often than not, the best teams are going given the best odds. But this is not always the case.
Prior to the 2019 season, bookmakers placed the Chiefs at +600 odds and the Patriots at +400 odds. Few will deny that the Chiefs have more talent but the reality is that the Patriots have the pedigree and history to make bettors lean their direction.
Other factors will include the difficulty of their regular season schedule, additions to the roster from the previous year, and of course, the overall talent on the roster. When the Chiefs won the Super Bowl in February of 2020, they were +600 prior to the start of the season. If you signed up for PointsBet Sportsbook or FanDuel Sportsbook, you were given a $500 risk-free bet. If you placed your risk-free bet on the Chiefs your $500 bet would profit $3,000.
When looking ahead to the odds for this coming season, the Chiefs drafted a running back in the backend of the first round giving them another playmaker at their disposal. The running back from LSU Clyde Edwards-Helaire will not drastically switch the odds.
However, coming off of a Super Bowl-winning season, the Chiefs brought nearly everyone back and added a running back at their weakest offensive position. Bringing the band back together and adding to it is exactly what oddsmakers look for when declaring favorites. The Chiefs are the favorite again this year and are as high as +600 to repeat as Super Bowl champs.
Off-Season Odds Breakdown
Odds provided by FanDuel Sportsbook
Kansas City Chiefs (+600)
Key Draft Picks
- Clyde Edwards-Helaire RB LSU
- Damian Williams was not cutting it at RB for the Chiefs, the LSU running back has great experience with Joe Burrow. Expect Edwards-Helaire to compete immediately, similar to Kareem Hunt as a rookie.
- Willie Gay Jr. OLB Mississippi State
- When is the last time the Chiefs had a good linebacker? Good speed and much needed for their defense.
- Lucas Niang OT TCU
- Huge position of need for the Chiefs, scouts love this pick.
- Clyde Edwards-Helaire RB LSU
- Clyde Edwards-Helaire should get a chance to start immediately.
- Extended QB Patrick Mahomes and DT Chris Jones.
Baltimore Ravens (+700)
Key Draft Picks
- Patrick Queen LB, LSU
- The next Ray Lewis? Big shoes to fill but a home run for a cornerstone defensive player.
- JK Dobbins RB, OSU
- Some thought he was the best Running Back in the draft. He starred at OSU but he is no Ezekial Elliot.
- WR Devin Duvernay WR, Texas
- He did not drop a ball at Texas and they needed a receiver.
- LB Malik Harrison, Ohio State
- Pair him up with Patrick Queen he’s a heavy hitter similar to Terrell Suggs.
- Safety Chuck Clark got a 3-year extension.
- Patrick Queen and JK Dobbins should get starting opportunities immediately.
San Francisco 49ers (+900)
Key Draft Picks
- Javon Kinlow DT, South Carolina
- Some say he is a top 10 talent. Already a strength of there’s with Nick Bosa and company ravaging opposing QuarterBacks.
- Brandon Aiyuk WR, Arizona State
- Trying to build up their playmaking with Jimmy Garropollo as their leader.
- Resigned Arik Armstead and Jimmy Ward.
- Signed Colton McKivitz to a 3-year deal.
- Two first-round picks in Kinlaw and Aiyuk.
New Orleans Saints (+1200)
Key Draft Picks
- Cesar Ruiz C, Michigan
- Bit of a reach here but they did not have many picks to play with.
- Zack Baun LB, Wisconsin
- Put up huge numbers at Wisconsin and will be a welcomed addition.
- Malcolm Jenkins, Safety. Welcoming back the captain of their defense! 4-year contract extension.
- Emmanuel Sanders, WR. Huge addition next to Michael Thomas who will help form one of the best receiving corps in the NFL.
Tampa Bay Buccaneers (+1500)
Key Draft Picks
- Tristan Wirfs OT, Iowa
- Gotta protect their shiny new Quarterback, right?
- Antoine Winfield S, Minnesota
- A ton of production at Minnesota and previously expected to be a first-round pick.
- Ke’Shawn Vaughn RB, Vanderbilt
- They wanted JK Dobbins or Jonathan Taylor in Round Two but both were gone. They settle for Vaughn here.
- QB Tom Brady
- This one is obvious, the Buccaneers have been looking for a solid Quarterback for twenty years. Why not add the 6-time Super Bowl winner?
- TE Rob Gronkowski
- The band is back together! Who doesn’t want to see Brady and Gronk back in action?
- Tristan Wirfs OL
NFL Super Bowl Odds and Betting
Also known as a “straight bet” a Moneyline bet just chooses the winner of the game. When betting on the Moneyline, the odds are usually not exact. Typically there are favorites and underdogs. When the Chiefs and 49ers matched up for the Super Bowl, the Chiefs were around -121 and the 49ers +107.
When comparing NFL odds, a plus symbol means that the option is an underdog. The minus symbol means the option is a favorite to win. Moneyline betting odds with a “+” notation are relatively simple to calculate. The +195 line on the Giants, for example, means a $100 wager would net $195 in profit. In other words, the $100 bet would return a total of $295 (the $195 in profit and the original $100 bet).
Points spread bets or “handicap bets” are when sportsbooks put teams against a number that they must win or lose by. For the Chiefs, they were -1.5 against the 49ers during Super Bowl LIV. Had they won by 1 point and you bet on -1.5, the bet would lose. Conversely, if the 49ers lost by 1 and you had +1.5, your bet would win.
Betting on an Over/Under or total points bet means you are not betting on any team. If you bet over you are betting on the combined number of points between the two teams. Bookmakers set a number. Fans need to decide whether the game will go over or under that number. For Super Bowl LIV, bookmakers set the Over/Under at 54.5.
When placing a parlay bet, you are betting on two or more things to happen. In order to get paid on your bet, all of the outcomes must occur in a given parlay. If you were to parlay Chiefs to win and Under 54.5 your bet would win. Conversely, if you bet Chiefs to win and Over 54.5 your bet would lose as the score of Super Bowl LIV was 31-20.
What Is An NFL Futures Bet?
The futures market in sports betting is a huge part of the industry. The possible bet types range from championship winners to divisional winners, and even MVP candidates. Fans can even bet on games that have not happened yet. For instance, when the Saints play the Vikings on Christmas Day, odds could be available weeks before this competitive matchup. These are all examples of an NFL Futures Bet.
What Is A Super Bowl Prop Bet?
Prop Bets can be extremely interesting to bet on as a sports fan. The Super Bowl is known to have the wildest prop bets of the year. From Super Bowl MVP odds to the coin toss, to even things like the National Anthem. Every type of bet conceivable seems to be on offer, particularly for the Super Bowl.
Demi Lovato sang the National Anthem at Super Bowl LIV, her odds to go over 2 minutes landed at -220. After going over two minutes for the McGregor vs Mayweather fight, Lovato went just 1 minute and 49 seconds. This quirky bet is popular but it does not stop there. You can also bet on the color of Gatorade that will be poured over the coach’s head at the end of the game.
How The NFL Draft Affects Super Bowl Odds
In some cases, the NFL Draft can shift the odds one way or another. For instance, the Chiefs drafted Clyde Edwards-Helaire at the backend of the first round by the Chiefs. He is expected to be a major contributor and able to help the Chiefs backfield. This is rare, however. Teams that are competing for a title usually do not have top draft picks to get an impact player. The Chiefs would have been the favorites to win the Super Bowl preseason whether they had Edwards-Helaire or not.
Strategies For Super Bowl Betting
Using Alternate Lines can be extremely profitable when it comes to sports betting. When a line comes out from the sportsbook, it can move in many different directions. If you like the Super Bowl line at the beginning of the week, it could be wise to jump on it early with an alternate spread to increase profitability.
Fade the Public?
Super Bowl lines move all over the place because it is one of the most bet on sporting events of the year. Fading the Public is a betting strategy that goes with the initial betting line that oddsmakers put out. The idea is to not follow where the public is betting and to always stick with the professionals.
What is Middling in Sports Betting?
A betting strategy that most casual bettors would not know, Middling is a strategy that mandates multiple wagers on a game. It is not perfect but it can be quite effective. The best way to explain middling is with an example.
- You place a bet on the New York Giants at -4 vs the Dallas Cowboys
- *The line moves to Giants -7*
- You then place a second wager on the Cowboys +7.
- It is called middling because the bettor wants the best of both outcomes. They want the Cowboys to lose by less than 7 and the Giants to win by more than 4.
This will limit your financial risk and allow you to win in multiple different ways.
Betting Odds For The Super Bowl FAQ
Yes, in states with legalized sports betting. Currently, 19 US states allow legal sports betting, with 13 of those states offering legal online sports betting.
Some of the states that offer both land-based and online sportsbooks include Nevada, New Jersey, Pennsylvania, Colorado, Indiana, and Illinois.
Office pools and other types of betting on the Super Bowl outside of legal sportsbooks are technically against the law.
In most states, you must be 21 years of age or older to bet on the Super Bowl. In New York, Montana, and Rhode Island you are legally allowed to wager at 18 years or older. They have not legalized online sports betting yet.
The top online sportsbook includes FanDuel, DraftKings, BetMGM, and FOXBet. Every single sportsbook that you find will offer bets on the Super Bowl. The Super Bowl is the most bet on sports event of the year so any sportsbook that is not offering the Super Bowl is not a reliable online sports betting site.
Yes. Using any of the legal online sportsbooks found on this page will allow you to place any bet legally and safely. Be careful to only use sportsbooks that are legally licensed or partnered with a legal online casino. They are the most reliable for safe deposits and cashouts.
Yes. Live betting on the Super Bowl is an extremely popular and fun way to bet. In-game betting is not limited to the spread or moneyline either. You can bet on a host of prop bets and point totals throughout the game as the lines move.
Yes. Many sportsbooks have licenses to hold these types of bets. From the length of the National Anthem to the color of the Gatorade at the end of the game, everything can be bet on during the Super Bowl.
The current favorite to win Super Bowl LV is the Kansas City Chiefs. They are the favorite to win it followed by the Baltimore Ravens and the San Francisco 49ers. The Baltimore Ravens and Kansas City Chiefs are in the same Conference so they will not be able to face off in the Super Bowl.
Super Bowl LV is expected to take place on February 7th, 2021 in Tampa, Florida.
The Covid-19 Pandemic notwithstanding, the event is still slated to take place in Florida. The Buccaneers are clearly making a push to be the first team to ever host the Super Bowl in their home stadium and play in it. This would be a huge advantage for any team that could accomplish that feat.