nfl super bowl odds

The NFL’s Super Bowl (AKA “the Big Game”) is the country’s largest yearly professional American football championship game – and is viewed by tens of millions of sports fans worldwide each year – not just for the football – but also for the super bowl commercials, and entertainment.

The 2022/23 season edition Super Bowl LVII saw an estimated 50 million adults placing sports bets (source)

In addition to regular NFL betting on individual NFL games (betting the money-line, spread or totals), millions of gamblers worldwide bet on and try to predict the winner of the Super Bowl each year.

The NFL has announced that Super Bowl LVIII will be played at Feb. 11, 2024, at Allegiant Stadium in Las Vegas.

Super Bowl Wagering Options: The Most Popular Bets

Moneyline for the Super Bowl

Do you want to bet on who will win the Super Bowl once the finalists have been determined? This is called a moneyline bet. Winning moneyline bets on the NFL are paid out based on the odds associated with the wager at online NFL betting sites.

Consider the following scenario: if you bet $110 on the favorite at -110, you could gain $100 for every $110 invested, for a total return of $210 ($110 initial investment + $100 winnings = $210 total payout). When you wager on the underdog at +110, a winning bet will pay you $110 for every $100 wagered, for a total return of $210 ($100 initial stake + $110 winnings = total payment of $200).

Spread Bets

NFL Super Bowl spread bets allow you to wager on whether a team will win or lose by a certain margin – the spread (aka the handicap). When a negative (-) number appears, it indicates which team is the bookmaker’s favorite to win the matchup, and a positive (+) number indicates which team is the underdog in the match-up.

NFL Betting Odds Example:
Date/Time Team Spread Win Total
09/02/22 @ 20:00 New York Giants +4 (-115) +170 O44 (-105)
Chicago Bears -4 (-105) -200 U44 (-115)

For example (using the odds above), betting on the New York Giants to win as underdogs (+4), they must either beat the Chicago Bears or lose by a margin of four points or less in order for you to win your wager. But if they are defeated by more than five points, you will lose your bet.

Over/Under wagers on the Super Bowl

An over/under wager allows you to place a bet on whether the final cumulative score of the game will be greater than or less than the amount offered by your bookmaker. For instance, a total of 49 points if offered by your sportsbook for the Super Bowl. In this case, if you bet on the “under” and the game ends with a final score of 30-20, you will lose your wager because the total combined score is 50 points. Alternatively, if the game ends 24-21 – an aggregate score of 45 – you would win.

Prop Betting Options

These types of wagers are Side Bets because they do not involve the outcome of the game. Prop bets let you wager on whether a quarterback will throw for less than 200 yards or more than 200 yards during a game or if a running back will gain less than 20 yards or more than 20 yards. A typical prop bet for a kicker could be on whether or not the player will make a specific number of field goals or whether or not they would miss an extra point in a game.

Exotic Super Bowl Betting Options

In addition to these more unusual prop bets, the Super Bowl can feature wagers on the game-opening coin toss, as well as which side will win the coin toss. There are also prop bets available for the Super Bowl’s two non-game events: the National Anthem and the halftime show. You can bet on how long the National Anthem will play and whether or not particular celebrities will be on stage during the halftime show at the Super Bowl.

Betting on the Super Bowl MVP

If you want to bet on who will win the Super Bowl MVP award, it’s important to know which player positions have won the award historically:

Super Bowl MVP Wins by Position
Position Super Bowl MVP Wins
Quarterback 17 MVP winners
Running back 7 MVP winners
Wide receiver 8 MVP winners
Linebacker 4 MVP winners
Safety 2 MVP winners
Defensive end 2 MVP winners
Defensive tackle 1 MVP winner
Cornerback 1 MVP winner
Kick returner/punt returner 1 MVP winner

Data via Sports-Statistics.com.

Live Wagers

In recent years, live super bowl betting options have been increasingly popular since they allow you to put wagers on the point spread, moneyline, or total score of the game while it is still in progress. The odds for these bets change throughout the Super Bowl.

Frequently Asked Questions

What are Super Bowl prop bets?

Prop bets (or proposition bets) are unusual, fun betting markets created for the Super Bowl. You can bet on anything from the coin toss and who will be the MVP right through to who the winning QB will thank first.

How many people in the US watched the 2023 Super Bowl?

The 2023 edition of the Super Bowl, which saw the Kansas City Chiefs emerge victorious against the Philadelphia Eagles was watched by over 113 million viewers in the United States.

Which team is the favorite to win Super Bowl 58?

The Chiefs were the preseason favorites with an opening line of +600, according to Las Vegas sportsbooks. Throughout the season, the Super Bowl odds fluctuate as teams win or lose, and players get injured. See the table above for the most up-to-date odds on Super Bowl 58.

Where will Super Bowl 58 be played?

The NFL has announced that Super Bowl 58 will be played at Levi's Stadium in Santa Clara. Levi’s Stadium also hosted Super Bowl 50 between the Broncos and Panthers.