The Super Bowl is the highlight of the year for football fans, and the fact that you can now bet on it legally in Iowa adds to the excitement. If you like the idea of predicting the outcome of the next Super Bowl then what do you need to know?
Even though not many Iowans will be present in Super Bowl, after Purdy, Kittle and Burrow lost in the conference finals, it will still be an event that will ignite attention in the Hawkeye state. Especially if you like betting.
The best way to start is by understanding the odds that you’ll come across on all of the different types of sports betting, before looking at the various bet types available.
The Moneyline Bet on the Super Bowl
When we talk about the moneyline bet, we’re really just saying that it’s a wager on who the outright winner of a game or event will be. So, you’ll be trying to predict who wins the Super Bowl, and it doesn’t matter how many points they win by or anything else about the game. It’s one of the most popular types of football bets because it’s so simple to make and understand. Let’s look at the odds for the upcoming Super Bowl LVII, which is only a few days away at the time of writing.
This game will take place on February 12, 2023, at the State Farm Stadium in Glendale, Arizona. The Kansas City Chiefs are going up against the Philadelphia Eagles this year. The Eagles are classed as the favorites in many sportsbooks.
Look for the moneyline bet on Philadelphia and you’re likely to see odds such as -125. So, if you select this bet and place $125 on your bet slip, you have a potential return of $225, which is your $125 plus $100 in profit.
The Chiefs are underdogs for this huge game. Their moneyline odds are sitting around +105. Wager $100 on them winning the Super Bowl and you’ll get back your $100 bet amount plus $105 in profit, giving you $205 in total. Let’s just go back a second and understand those odds more fully.
- You’ll see that one of the teams or bets has a negative figure, such as -400. This is the favorite to win and it means that you wager $400 to win $100 in profit.
- The other has a positive sign before them, like +400. In this case, it’s the underdog and you’ll win $400 for every $100 bet if you get it right.
Jalen Hurts and Patrick Mahomes currently have the shortest odds to win Super Bowl MVP at +125 👀 pic.twitter.com/64VTpFU68w
— ClutchBet (@ClutchBetSB) February 5, 2023
The Spread Bet
Alongside the moneyline, you’ll see the point spread bet. With this bet, you’re predicting who’ll win, but you’re also saying that you think they’ll win the game by more than a certain number of points.
Let’s look at the example of Super Bowl LVII again, to get this completely clear. You may see a spread of 1.5 on this game, with the Chiefs, noted as +1.5 and the Eagles as -1.5. This ties in with the Eagles being favorites, as you’re betting on them winning two or more points, while the wager on the Chiefs is that they’ll either win or else lose by less than two points.
As well as the points spread, you’ll also see the odds next to each team. Let’s say that the Eagles are -110, so if you wager $110 you can get a $100 profit. The odds here are slightly more generous than in the moneyline bet because you’re betting on them winning and also saying that they’ll do it by at least two points.
On the other hand, the Chiefs are at -105. These odds are less generous than with the moneyline. Again, this is simple to understand as you’re making it easier to predict correctly by saying that they’ll either win or else lose by fewer than two points.
The Total Bet (Over/Under)
One of the most interesting and popular Super Bowl bets is where you think you know whether both teams combined will rack up more or less than the stated number of points. This bet can make sense if you think that it’ll be a low-scoring or high-scoring game but aren’t sure who will win. You’re not betting on each team, just on the total number of points regardless of who scores them.
Going back to the odds for this year’s long-awaited Super Bowl, we can see that the total is commonly set at 50.5 points. This means that you’d be betting on whether the game will end with 50 points or fewer, or will reach 51 or above. In this case, the odds are the same on both bets, at -110.
Super Bowl Parlays
The bets we’ve looked at so far are all the most common ways of wagering on this huge game, but your options aren’t limited to them. Parlays aren’t really a specific type of bet, as they’re simply wagers where you add in multiple bets. While bettors often use parlays to cover several games, a single-game parlay is a way of adding more than one outcome from the Super Bowl to your bet slip.
It’s important to note at the beginning that you need every leg of the parlay to win to get a return. If just one part of it doesn’t work out for you, the whole bet is lost. However, if you think you know exactly what will happen in the game then this is a way of taking advantage of better odds by rolling up two or more bets, as doing this will improve the odds.
Super Bowl Props
Props are an interesting option for diversifying your Super Bowl betting, as they are based on special markets rather than the most common types that we looked at earlier. This is where sportsbooks get creative and offer odds on how many touchdowns will be scored or which player will get the most rushing yards. They’re generally split into game props and player props.
The first category might include odds on which team marks the first points or even who wins the coin toss or whether any kick during the game hits the post. As for player props, they’re divided by player, with the likes of Dallas Goedert and Miles Sanders among those listed. There are typically many different bets, so this is ideal for someone who loves to go in-depth and study the numbers.
As this is one of the most eye-catching types of Super Bowl bet, it’s something that a lot of people enjoy checking out. They’re seen as a fun type of bet, but choosing them can also be a smart move if you know a lot about the teams and think you can predict something really specific about the games.
Super Bowl Futures
Futures are bets made on something that won’t happen for a while, so you won’t find Super Bowl LVII futures right now. In fact, as soon as we know the winner of this game football fans will start thinking about Super Bowl LVIII. This game will be played at the Allegiant Stadium in Paradise, Nevada on February 11 of 2024.
Betting for this event starts long in advance, and you can find odds on any team getting there. Of course, it’s very difficult to predict something so far in advance, which is why the odds for futures tend to be more generous than for games due to happen sooner. This means that there’s a chance to get bigger wins, but most people will get their predictions wrong when so many factors need to be taken into account.
In fact, the Kansas City Chiefs are already favorites to win Super Bowl LVIII, but the odds are as long as +500 at the time of writing. The underdogs such as the Los Angeles Chargers and the Green Bay Packers are all at odds of over 2000+ right now. The closer we get to the game, the clearer things should become and the odds will change to reflect that.
Live Betting on the Super Bowl
One of the most interesting aspects of the emergence of online sports betting in Iowa is that it lets us place live bets as a game or event takes place. In the case of the Super Bowl, with so many people watching this event on television or through streaming, live betting is a way to feel part of the action and to try and take advantage as the game develops. The live odds are updated constantly, so you always find accurate odds that reflect the current situation.
Some sportsbooks also let you cash out early. This is possible when you see a specific cash-out button that shows the current value of your bet. Let’s say that you bet on the Chiefs to win and they’re currently ahead. That’s great, but if you’re worried that they might not be able to hold on then you might want to cash out with a profit rather than wait to see what happens.
[clutchbuzz_betnow id=’191690′]
How to Bet on the Super Bowl in Iowa
It’s perfectly legal to bet on the Super Bowl in Iowa, provided that you choose a regulated sportsbook. This lets you access all of the different types of bets we’ve looked at here. You should also look out for any welcome packages that let you get started with something extra like a free bet or a cashback.
Just find an Iowa sportsbook that you trust and sign up as a new member. You’ll want to move funds across using one of their approved banking methods. Once that’s done, you need to check out the Super Bowl bets and find one that you like the look of.
ALL new ClutchBet users will receive $50 in free bets after wagering $10! 🔥 pic.twitter.com/WiyTsA01hJ
— ClutchBet (@ClutchBetSB) February 3, 2023
Credits on Featured Image: Image by Sergio Cerrato – Italia from Pixabay
