Once the teams for the NFL’s Super Bowl are decided, the odds you can play with are similar to those you find for regular season games, only with tenfold the number of different betting markets and props to choose from. Until then, however, the most common Super Bowl bet is the outright winner bet.
This is a wager you can place from the ending of the previous year’s big game all the way to the start of this year’s Super Bowl on which team you think will hoist the Lombardi Trophy when all is said and done.
The good thing about outright odds is that they’re always quite high because so much can go wrong or right for any given team in the time between when the wager is made and when the game is played.
At the time of writing, we remain a long way away from the Super Bowl odds being released. The odds are only released when the matchup is set, and they change throughout the week before the Super Bowl as bettor action impacts the odds, and player injuries impact the outcome. Keep an eye on the odds as they change throughout the week to see who professional gamblers, or sharps, are favoring.
The odds are created by oddsmakers, and there are several different types of odds. The most common type of odds you’ll see in Canada is American odds. American odds show bettors how much they’d have to bet to make a $100 profit or how much profit a bet of $100 would make. - shows bettors how much they’d need to bet to make a $100 profit. If something is -200, bettors would need to bet $200 to make a $100 profit. + shows how much profit a $100 bet would make. If something is +200, a $100 bet makes a $200 profit.
The odds could change as we near the big day, so keep your eyes peeled on your favourite operators.