Beginner's Guide to Betting on Super Bowl LV

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January 24, 2021 9:43 PM

Betting on the Super Bowl has never been simpler or as much fun! Whether you want to wager on which team wins the Super Bowl, a fairytale swan song or The Weeknd’s outfit, we’ve got you. So, let’s break down the best betting options when it comes to the Super Bowl LV between Tampa Bay Buccaneers and Kansas City Chiefs.

 
Get ahold of Dimers' Super Bowl LV predictions, picks and plays - plus access to the best odds
 

Super Bowl Spread 

 

Often you’ll hear the term “against the spread” — it’s the most popular Super Bowl bet. The spread is essentially a sportsbook’s way of leveling out two unequal opponents. 

The underdog team is given a ‘head start’ in the form of points. To cover a spread, a favored team needs to win the game by the specified amount of points. Meanwhile, an underdog can either win, or lose by the number to cover.

The line can move prior to the Super Bowl games and even during the game. It will fluctuate depending on injuries, momentum and naturally, the scoreboard.

Example:

Chiefs vs. Buccaneers

Kansas City Chiefs

Tampa Bay Buccaneers

Using the example above, if you bet the Bucs at say (+3), they would need to lose by under 3 points — or win outright — to cover the spread.

Conversely, if you bet Kansas City (-3) against the spread, the Chiefs would need to win by 4+ points to ensure a profit.

In the event of a push — where the bettor and sportsbook tie — your stake will be refunded.

Example of a push:

Bet: Kansas City -3 vs. Tampa Bay +3

Final: Kansas City 24 - Tampa Bay 21

Given the Chiefs only won by 3 points, and NOT MORE THAN 3, this is considered a push. You would be refunded your bet, and yes, sadly that means no profit. 

Super Bowl Alternate Spread

 

You will also see alternate spreads available for the Super Bowl. Often the spread number is shifted slightly, enabling you to choose between multiple options -- all of which give you either a better chance of covering or larger odds.

Some sportsbooks will even allow you to choose the spread manually.

Super Bowl Total - Over or Under

 

Betting the total in the Super Bowl simply means you are wagering on how many points will be scored overall, NOT who will win. 

Example:

Using the Chiefs and Bucs example once more, the sportsbook set the initial total at 56 points, so you have two options:

  • Bet the Over (Over 56 combined points to be scored)

  • Bet the Under (Under 56 combined points to be scored)

There are other options to choose from, including scoring totals for particular quarters, home team totals, total TDs scored and more. 

Super Bowl Moneyline - H2H

 

The moneyline is the simplest Super Bowl bet you'll make! Betting the moneyline simply means you are picking a team to win the Lombardi outright. 

If a team is favored on the moneyline they will have a “-" next to their name. Conversely, the underdog will have a “+.”

The books have installed the Chiefs as favorites and you can get the very best price on offer for either team in our Super Bowl Best Odds section (it pays to compare!!).

Example:

  • If a team has a -200 moneyline it means you need to wager $200 in order to win $100. 

  • If a team has a “+” moneyline, the goalposts shift. The + tells us how much you would win betting $100, if your team wins.

  • For example, a +150 moneyline would mean — if successful — a profit of $150 ($250 payout).

  • Similarly, if a team had a +185 moneyline, you would make $185 profit — $285 total — when betting $100. 

Super Bowl Prop Bets

 

Prop bets are popular throughout the Super Bowl week and could be the most fun you have betting. Prop bets involve anything and everything that could happen pre-game, half-time, mid-game and even during the post-match celebrations. 

You can wager on player props too; choosing whether they will achieve over/under a certain amount of yards and so much more.

Common Super Bowl prop bets include:

  • First team to score
  • Who will score the first touchdown?
  • Who will score last?
  • Total pass/rush/receiving yards by a QB/RB/WR
  • How long will it take to sing the National Anthem?
  • Who will the Super Bowl MVP thank first?
  • Will any scoring drive take less time than the national anthem?
  • Will opening kickoff be a touchback?
  • What will happen first — sack or TD?
  • What song will The Weeknd sing first?
  • How many commercials will run during the Super Bowl?
 

Depending on the Sportsbook, there may be options to include props in a mixed parlay. Although most books force you to have a parlay strictly involving props.

In Dimers’ NFL Bet Hub you have the perfect opportunity to locate some of the best prop bets across the United States. Our predictive analytics model simulates the Super Bowl 10,000 times to give you the best probabilities on first and anytime TD scorers. 

Multiple-Leg Bets

 

Super Bowl Parlay

 

A parlay simply involves more than one wager combined together for greater odds. You can place a Super Bowl parlay — multiple events from the game — with any sportsbook.

Example:

You could take the Chiefs (-3) to cover and take the under 56 points total while adding Tyreek Hill over 102.5 yards. This would be considered a three-leg parlay as there are three bets in one.

More legs = higher odds and a greater chance at a larger return. Beware, most sportsbooks do not allow you to bet both the moneyline and spread within the same game. Some even cap the number of events you can have in a parlay, although there are those which have no limits.

In any parlay you will need to get each event correct for there to be a payout. Often there is no refund for getting 7 out of 8 accurate, although PointsBet offers a parlay insurance promo - where you can get a refund if one of your parlay legs fails to wins.

In the event of one or more legs resulting in a push, your parlay as a whole will be considered a push, meaning your stake will be refunded. 

Live Betting

 

Live or in-play betting is where you wager on the Super Bowl while it is in progress. As odds shift throughout the game, you can find the bet to suit you whilst the action continues on. 

Example:

  • Moneyline
  • Spread
  • Prop bets
  • Next play outcome
  • Next drive outcome 
  • When next TD will occur
 

Utilize the Dimers live in-play probabilities section to increase your knowledge and chances of winning on your live Super Bowl bets. 

The live probabilities of the Super Bowl can be accessed through the scoreboards at the top of the Dimers website, the Live Now section and even the NFL section in Bet Hub.

Move fast in the live betting space, otherwise your odds will be blown quicker than a Falcons Super Bowl lead.

Super Bowl LV Resource Center

 

Beginner's Guide   ✅  SB MVPs
First TD scorers    ✅  SB Promos
Live Betting Guide ✅  SB Trends
SB Prop Bets        ✅  SB Upsets
Super Bowl Betting Strategies