With February 7th around the corner, sports gamblers nationwide can finally rejoice – that’s right, it’s the Super Bowl. Super Bowl LV will showcase veteran Tom Brady as he and the Tampa Bay Buccaneers stake a claim for the gold against incumbent Patrick Mahomes and the Kansas City Chiefs.
In the world of Super Bowl gambling, moneyline and point spread betting reign supreme. However, the market for prop bets has grown substantially. A prop bet, often called a novelty bet, is not directly related to the outcome of the game, but one particular event within the game.
Prop bets vary wildly. Bettors can try to guess how long the national anthem will last or whether Jazmine Sullivan will forget a word during the National Anthem. Other wagers, like betting how many touchdowns Brady or Mahomes will throw, are a bit more sophisticated (and boring). Either way, prop bets give bettors the chance to make money and have fun while doing it.
Team Prop Bets
Perhaps the most popular team prop bet in recent years has been betting on the coin toss. A bettor can guess if it will be heads or tails, if the guessing team guesses correctly, or if the team who wins the coin toss will also win the game.
When it comes to heads or tails, history tells us that tails doesn’t (usually) fail. Tails has won in 6 out of the last 7 Super Bowls. Also, tails has won 53.7% of all Super Bowl coin tosses. For this popular bet, William Hill is offering the best possible odds at -101 for both heads and tails bets.
Player Prop Bets
Out of all the Super Bowl prop bets, probably the most common wager is on who will be the MVP. With quarterbacks having won the Super Bowl MVP 28 times out of 54, a quarterback MVP may be the most likely outcome, though it is far from inevitable.
Statistics aside, Brady and Mahomes are sitting at odds of +200 and +100, respectively, on BetMGM. After them, a long gap. Travis Kelce and Tyreek Hill are the two with the next best odds, lagging far behind at +1000 apiece.
With the Super Bowl expected to be a battle of the passers, bettors can be fairly confident that the winning team’s quarterback will nab the MVP. So even if you expect the Chiefs to win, a bet on Brady with those +200 odds could be a solid hedge.
Another common player prop bet is an over/under regarding passing yards for both starting quarterbacks. For Mahomes, the over/under is 326.5 yards at -115 for both positions, for Brady, 301.5 yards, with the same odds.
Considering both players passed for well over these numbers in their regular-season matchup, a parlay could be in order. BetMGM is offering a bet for Brady and Mahomes to each record 300+ passing yards at +165 odds.