Super Bowl 2023 Betting Guide & Wagers

It is that time of the year again! The US and the rest of the world watch with bated breaths as the country’s biggest sports championship final draws nearer. As the NFL season draws to a close after an exciting array of matches that resulted in disappointment for some and jubilation for others, all eyes are now on the much-anticipated Super Bowl. 

The NFC champions, Philadelphia Eagles, will play the AFC Champions Kansas City Chiefs in the 57th edition of the Super Bowl on Sunday 12th, February at the State Farm Stadium in Glendale, Arizona. The Kansas City Chiefs played in the Super Bowl in 2021, while the Philadelphia Eagles took the trophy home in 2018.

While sports enthusiasts eagerly look forward to watching the game, the betting community is equally enthusiastic. Whether a seasoned bettor or a novice, the Super Bowl presents a great betting opportunity, and you must not miss out on this golden chance. 

The betting landscape is rife with different odds and betting markets from which you can browse and place wagers on the point spread, moneyline, props, and futures. From the coin toss to the championship winner, you have a wide range of options to choose from.

So, if you are eager to bet on the Super Bowl, here is your guide on getting started, where you can place bets, and what options you have. We also offer a few helpful tips to help you along the way. 

Who is favored to win Super Bowl 2023?

Renowned sportsbooks are backing the Eagles as 1.5 favorites for the game. The over/under of a total number of points is set at 50, while in some Eagle vs. Chief odds, the total is even going to 51.

Betting analysts agree that the match is bound to be close, as both teams have a score of 16-3 in the playoffs. However, the prevalent belief is that the Eagles have a better roster. The team has been an unrelenting force in terms of its defensive pass rush and is also labeled to have the strongest cornerback combination in the league. 

The offense may not be as strong as the Chiefs, but the Eagles are more than capable of running the ball efficiently on the opponents and winning the game by a margin of a few points.

How to bet on the 2023 Super Bowl online

Thanks to the wide range of online sportsbooks, betting on sports has never been easier. You can easily find multiple sites where you can place a wager from the comfort of your home. Whether a desktop site or a mobile app, placing a bet is only a few clicks away, and the process is straightforward. Here is what you need to do.

  • Select a sportsbook where you want to place bets. Since NFL is the most popular league in the US, all legal betting operators in the country offer to bet on the Super Bowl. Some of the most popular sites include BetMGM, FanDuel, and Caesars Sportsbook. You must find a place that features many betting markets, provides competitive odds, and offers lucrative promos and bonuses.
  • If you are a seasoned punter, you may already have an account with a site. If not, you must first sign up and open an account. Download the relevant app for easy access if you want to use the site via your mobile device.
  • Betting sites require bettors to deposit before bet placement, as you are wagering for real money. Your account must have sufficient balance to fund your bets so you can make the requisite payment.
  • Once registered, navigate to the NFL section of the sportsbook to get to betting markets for the Super Bowl.
  • You will find multiple betting markets available. Select the bet you want to make, and a bet slip will open to reflect your selected wager.
  • Now it is time to enter your stake. Select the amount you want to bet and enter it where required on the bet slip. The amount you choose to bet depends on your betting budget and the risk you are willing to take.
  • Check the details you have entered for your selections, the bet amount, and the possible returns. You are now ready to place the bet.

What are common Super Bowl bets?

If it is your first time betting on the Super Bowl, it will help to understand the different types of bets available for the game and the odds and lines. If you feel overwhelmed by the wide range of options in front of you, you can easily navigate through them with a little knowledge on your side. 

Let’s understand the odds first. The odds are stated as numbers with a plus or minus sign before them. The favorites have the negative, while the underdogs have the positive coefficient. Here are a few common Super Bowl bets to help you get started.

Super Bowl Moneyline

The moneyline is the most popular bet type and entails betting on the outright winner. For instance, the Eagles have moneyline odds of -125 for the Super Bowl. If you place a $125 bet on the Eagles as favorites, you can win $100 in profits if the Eagles win. 

However, it is essential to remember that putting money on the underdog provides higher returns as they have lower winning prospects.

Super Bowl Point Spreads

In this type of wager, you bet on which team will cover the lines determined by the bookie, i.e., you choose by how many points a particular team will win or lose the game.

Odds makers determine the margin that fixes the factors for wagers’ placement. The possible outcome is divided into a lower and upper limit. As in the case of the Super Bowl, the margin of 1.5 has been set. The Eagles, as favorites, will cover the spread if they win by 2 or more points, while the Chiefs, as underdogs, will win by conceding no more than 1 point or may defeat their opponents.

Super Bowl Total Bet (Over/Under)

As the name implies, this is a bet on the total or a combined score of the two teams. In this type of bet, you wager on whether the teams’ total score will be over or under a certain value. For instance, as the total for the Super Bowl LVII is set at 50, you can wager that the combined score will be lower (under) than 50 or higher (over). 

Super Bowl Parlay

A parlay is more like a betting ticket that allows you to place multiple wagers on one ticket. If you opt for parlays, you can diversify your betting experience by combining different bets like the moneyline, the spread, and total and even prop bets. Wondering what is a prop bet? Here is your chance to find out.

What is the most popular Super Bowl prop bet?

The most popular Super Bowl prop bet that attracts the most significant number of wagers is who will win the Most Valuable Player (MVP).

Props, also known as proposition bets, are quite popular in Super Bowl. These bets are not linked to the game outcome like the conventional bets mentioned earlier.

Usually, prop bets are for the players or the game. For instance, for game props, you can bet on which side will score first or get to 10 points first. You can also wager on the longest touchdown or pass etc.

Similarly, player props include generic props related to player stats or specific bets, like how many touchdowns a particular player will throw, who will catch the game’s first pass, etc.

There are hundreds of such prop bets, and punters find them more exciting than conventional bets. There are also some unique props, like the coin toss or other event elements not directly linked to the game.

What is the easiest way to bet on the Super Bowl?

The moneyline is the simplest yet the most popular bet for the Super Bowl. You only need to pick on the outright winner or the underdog, and you are all set for the game. 

Our Betting tips for Super Bowl LVII 

We have already catered to the obvious question of who is the favored team to win the Super Bowl and the conventional wagers. But if you want to make your betting experience more exciting and fun, here are a few prop bets to get you rolling. 

More points will be scored after halftime- If the past ten-year stats hold, this bet is a sure winner. It also makes sense as the offense will play more aggressively as the game draws to a close, while the defense may concede more out of tiredness.

Opening kickoffs will not go for a touchback – Out of the 31 opening kickoffs, 28 did not go for a touchback.

Isiah Pacheco: Over 11.5 rushing attempts- Pacheco will be riding on a record of 10 and 12 carries against the Bengals and Jaguars, respectively

Patrick Mahomes: Over 38.5 pass attempts- With participation in three Super Bowls in four years, Mahomes is a valuable asset for the Chiefs and has an average of 37.5 pass attempts since 2019.

Jalen Hurts: Over 10.5 rushing attempts– Despite the shoulder injury, high hopes are pinned on the quarterback. 

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