For bettors and sports fans, there is no single-day event that rivals the Super Bowl. If there is a Black Friday for sportsbooks, it’s Super Bowl Sunday.
Since New Yorkers can now take part in legal sports betting, the Big Game will be that much bigger next time around. Because the Super Bowl is such a big event for sportsbooks, they roll out some of their best deals of the year.
Let’s take a look at what’s in store and everything else you need to know about betting on the Super Bowl in NY.
Super Bowl odds can swing greatly during the course of a year, all the way from hours after the previous year’s championship concludes until the next one kicks off. Here’ what the futures market currently looks like for the winner of Super Bowl 56.
The NFL is the biggest cash cow for legal sportsbooks in the United States, and the Super Bowl is a major driving force each year. As a matter of fact, the American Gaming Association estimated that bettors wagered nearly $7 billion on Super Bowl LIV in 2020.
No doubt, New York contributes mightily to that total each year. The state is home to one NFL franchise, the Buffalo Bills, and connected to two others in the New York Giants and New York Jets. Although the latter two play their home games in New Jersey, they are closest to the densest population center in New York City.
You can register new accounts and deposit funds for any legal NY sportsbook app from the comfort of your home. To actually place a bet, you’ll have to be within state lines. To get set up to play in an instant, just do the following.
Just like that, you’ll have access to a legal sportsbook and be all set to get in on the Big Game action, including with live betting as the game plays out in real time.
Super Bowl Sunday is a big deal for sportsbook operators. They’ll bring in plenty of action without issue, but many shops are still in a giving spirit in a bid to attract as many new players as possible. Here’s a look back at some of the top promos on the market for the last edition of the Super Bowl.
The most common types of bets for the Super Bowl are the same as for any other NFL game:
In a moneyline market, you’re simply picking one team to win the game. A point spread bet, meanwhile, has to do with the margin of victory in the final score. If you’re looking at the point total, you’re trying to predict whether the combined score of the game will be over or under the sportsbook’s prediction.
A moneyline, or a straight bet, will feature the two teams and a set of American odds after them. Let’s take a look at a real example from DraftKings during Super Bowl LIV:
The odds have two components. The negative or positive sign and then a number that’s almost always three digits. That’s because oddsmakers set these lines using $100 as a baseline.
When odds are negative, that tells you how much you would need to wager in order to win $100 in profit. So, in the case of Super Bowl LIV, to profit $100 with a bet on a Kansas City win, you would have needed to wager $122.
Positive odds tell you how much profit you would pocket on a $100 bet. So again, from our example, you’d have stood to get $108 if you staked $100 on a San Francisco victory.
Spreads and totals use the same odds formats but introduce some more information. Let’s start with the spread from the same game:
|Team||Point Spread (Line)|
|San Francisco||+1.5 -(110)|
|Kansas City||-1.5 (-110)|
You’ll see another number that’s either negative or positive and then the odds. Teams with a negative number are favored to win, while teams with a positive number sit as underdogs. The actual number reflects a sportsbook’s prediction of the margin of victory.
Of course, it’s impossible to score half of a point in football. That’s called a hook, and it’s there to ensure that either the book or the bettor wins the bet. In this type of bet, you can take the favorite to win by at least the predicted margin. In this case, it means wagering on the Chiefs to win by at least two points. Or you can take the underdog to either win the game or lose by less than the predicted margin.
Point total markets work very similarly, except the fate of your bet doesn’t rely on one team’s performance.
Instead, you’re betting on whether the combined score exceeds or falls short of the total that sportsbooks set. The first number in such a market is the total, and you have to pick either the over or the under. In this example, the line doesn’t have a hook. So, if the total score falls right at 56 points, the bet is a push and the sportsbook will return your wager.
|Over/Under||Total Points (Line)|
A final common way to wager on the Super Bowl each year is futures betting.
This starts in the offseason. At that time, every team will carry positive odds because so much time separates the offseason from next season’s Super Bowl.
As sportsbooks see teams perform throughout the ensuing season, odds will move. And some teams will become heavy favorites while others fall into longshot territory. It can be tempting to take a flier on a team with long odds in these markets because of the potential payout if a miracle occurs.
This usually isn’t advisable, however. While sports betting should be for entertainment purposes only, losing money detracts from that fun. Futures odds are based on the likelihood of the outcome actually happening. You’d have a better chance of at least breaking even on your money if you bought a lottery scratch-off ticket.
When the Super Bowl actually arrives, sportsbooks love to offer football prop bets for the big game. These markets are popular with bettors, especially novices who may not feel comfortable laying down a lot of money on the spread or the total.
Props can also offer a quicker result or give bettors a way to have some skin on the performance of a favorite player. Many common prop bets are based on individual performances. Bettors can wager on which player will score the first touchdown of the game, whether a field goal from a certain distance will be attempted, even who will win the MVP.
Super Bowl in-game or live betting can take the excitement of the Big Game to a whole new level. These markets allow you to bet on events that take place within the game, allowing bettors to potentially cash out DURING the game rather than wait for the outcome of the Super Bowl.
Common examples include:
Some books will even offer props on whether the next offensive play will be a run or a pass. From kickoff to conclusion, the Super Bowl carries with it plenty of ways to enjoy live betting.
When it comes to identifying patterns for the Super Bowl each year, that’s often a waste of effort and time.
Each season’s championship differs from the previous and the next. It usually features at least one unique team from year to year. Even if you get a Super Bowl rematch, personnel can turn over. As a result, to a large degree, you can throw the trends out the window.
For example, trends in the 2019-20 season pointed to a San Francisco win in Super Bowl LIV and for the final score to exceed 54.5 points. Yet Kansas City won the game, with a total landing at 51 points. If you had bet the trends, you would have lost.
Any tips you may come across, it’s a safe assumption that sportsbooks have already accounted for them in setting odds. That’s not to say handicapping the game is pointless. It just means oddsmakers are well aware of public information.
Although you can’t legally wager online in New York, you can take part in free-to-play pool contests offered by daily fantasy sports operators such as DraftKings and FanDuel.
These games are legal in New York because users are not required to pay to play. Yet entrants can win real cash and other prizes. Such games will often require users to make predictions about the game.
Consider “Super Bowl Squares” through DraftKings. Entrants select a square on a board in each quarter of the game that reveals a set of numbers assigned to each team. If the final digits of both teams’ scores at the end of that quarter match the numbers on the square, that participant wins a cash prize. The value of those prizes escalates with each quarter.
Players should look for more of the same games for Super Bowl LVI. It’s another way to engage with the game while potentially winning cash prizes from the comfort of your couch.
If you want to head out to catch the Super Bowl at a legal New York retail sportsbook, here are the spots to check out.
This will be the first Super Bowl at SoFi Stadium in Inglewood, CA. Details:
Public betting simply means how the public is betting on an event. Put another way, it’s on which side of a betting market more of the dollars and/or wagers sit.
This can affect odds because sportsbooks like to have equal money on all sides of a market so that regardless of what the outcome is, they win. If the public betting is heavily one-sided, sportsbooks might shorten odds on one side and lengthen odds on the other to entice bettors.
Really, that depends on what you’re betting on in regard to the game.
Generally speaking, the lines on points and totals tend to become more accurate as the calendar moves closer to the game. However, waiting to bet on those markets can cause you to forfeit the best odds.
Alternatively, if you choose to get in early on the action, you run the risk of not having the information about player injuries and other factors that can move lines. Like always, it’s a matter of calculating risk and reward.
For the most part, yes.
There are few regulations and statutes that govern this aspect of sports betting, so for the most part, it’s up to the house rules of each sportsbook.
One important exception is that sportsbooks usually don’t allow you to use free bets in wagers that are part of other promotional deals. For example, if you want to take advantage of an odds boost on a particular market, you won’t be able to place your bet for those boosted odds with site credit.
Usually, this isn’t advisable. While it’s good to get the opinions of other people, especially if they’re experienced in betting on the NFL, that’s all you’re getting: an opinion.
Additionally, there is a big downside to paying for picks in that it adds to your cost for placing your bets. If you pay for picks, instead of just having to make up the money you wagered in order to at least break even on your wager, you have to make up the cost of whatever you paid for those picks, as well.