Superbowl LVI is right around the corner! After this weekend, we’ll know what teams are facing off in the 56th American Super Bowl. Will the Rams take on the Bengals? Or will the 49ers square off with the Chiefs?
Regardless of who ends up going to the Super Bowl, there are bound to be some great sports bets to cash in on.
Sports betting in America has grown exponentially, and the Super Bowl is by far the biggest sporting event of the year for US viewers. Not only will you be able to bet on your favorite team, but you’re also able to bet on who comes on first during the halftime show. Sports betting isn’t all about the game, sometimes it’s about what happens during the breaks, too!
But how do you even start betting on Super Bowl LVI? We’ve got you covered.
Betting In Person on Super Bowl 56
Prior to 2018, sports betting in the United States was illegal, and you’d be hard-pressed to find a sportsbook in person that would take your wager, let alone online.
But now, the US has overturned the bill restricting sports betting, and the market for sportsbooks has never been hotter!
Each state has different rules about sports betting, so some states are full of sanctioned sportsbooks, while others lack even a single one.
Additionally, some sports bars offer sports betting options on special events, Super Bowl included.
To find out more about the gambling laws in your state, check out our state-by-state guide.
If you don’t happen to have any physical sportsbooks near you, no worries! There are still plenty of options for placing your Super Bowl LVI bets online!
Picking a Superbowl Sports Betting Site
If you don’t plan on hitting up a Super Bowl betting party or your favorite sports bar, you can always use an online betting site to get in on the action.
Sports betting in the United States has dramatically increased in the past few years, and it’s all because of how online sports betting made wagering much easier.
If you like the convenience of betting from your couch or on the train to work, then online casinos or mobile betting apps are for you!
Anyone who watches TV will have seen the DraftKings and Fanduel ads for sports betting promotions. Sure, they’re leading names in the industry, but there are plenty of other online sportsbooks out there that provide better value and more betting options than DK or FD.
Here are a few of our favorites:
- Bovada – Opened in 2011, Bovada quickly became one of the best sites for sports betting, pairing ease-of-use with great bonuses.
- BetOnline – An all-around reliable sportsbook, BetOnline prides itself on it’s comprehensive betting odds on even the most niche sports, like competitive chess and darts.
- MyBookie – This sportsbook is accepted in every state except Nevada, New York, and New Jersey. Even still, they bring bonuses worth $1,000 and great betting lines on every NFL game.
Sign Up For Your Sports Betting Account
If Super Bowl LVI will be your first sports betting experience, here’s a couple of tips to help you sign up for an online sportsbook!
Step 1: Choose your favorite sportsbook
All good sportsbooks make information about their odds, promotions, and betting lines available for non-account users.
Step 2: Enter your information
Most online sportsbooks make the sign-up process a breeze. But, to speed up the process, make sure you’re ready to provide your address, email, name, phone number, as well as a valid government-issued ID and proof of address.
Sportsbooks might only ask you for this information if you go to make a withdrawal, but some ask for it up front.
Step 3: Fund your account
Once your account has been verified, you’ll be able to add funds to your betting wallet. Navigate over to the cashier or banking page and choose your deposit method. All good sportsbooks accept credit/debit cards and some kind of cryptocurrency, be it Bitcoin, Litecoin, or Ethereum.
If you choose to use crypto, make sure you have your wallet ID handy. This is also the step where you’d claim any bonus that you qualify for.
Step 4: Place your wager
Head on over to the American Football or NFL section of the site and take a look at all their wagers. You’ll be able to see what teams made it to the Super Bowl, what the odds are for spreads, moneylines, and over/unders, and you can change the odds to reflect American, Fractional, or Decimal variations.
Step 5: Collect your spoils
When game day comes, you’ll be able to claim your winnings, or weep for your losses. Even if you placed a futures bet before the game, you’ll still be able to participate in live betting for the game!
The Best Bets for Superbowl LVI
Now, there are a couple of ways you can bet on Superbowl 2022. The conventional, non-gambler idea of betting on the Superbowl is “Pick a team to win!” While yes, that is part of it, there are other ways to bet on the prime-time football mashup without picking a team to win.
Here are some of the most popular bets that sportsbooks will offer for Superbowl gamblers:
Okay, yeah, here it is. The moneyline bet is the simplest form of Superbowl betting. You pick your team, learn your odds, and hope for a win. Moneyline odds are displayed as numerical sets, with + and – symbols indicating which teams are favored.
As we can see, the Cincinnati Bengals are the underdogs in this matchup because of the +290 odds. On the opposite end of the spectrum, the KC Chiefs are the favored team at -360.
Since the Bengals are the underdogs, the payout on their odds is better than that of the Chiefs, which incentivizes betting on the underdog.
Reading a moneyline bet is super easy. For + odds, your winnings are displayed as a whole value. So if you bet $100 on the Bengals and win your bet, you’ll walk away with $390 ($100 + $290). Betting on the Chiefs would be the inverse of betting the +. You’d have to wager $360 to walk away with $100 in winnings.
Betting the favorite pays a lot less, but it’s because it’s a low-risk, low-reward bet.
Betting the spread, as it’s called, is a tad bit more interesting than the simple moneyline bet. Spread betting involves betting on a point range instead of a total outcome. You’re hoping a certain team wins—or loses—by a predetermined point margin.
In addition to the favorite/underdog moneyline betting odds, sports betting sites will also provide the point spread odds.
Here’s an example of the spread odds for the San Francisco 49ers vs. the LA Rams game, as seen on BetOnline.
In this scenario, the Rams are favored over the 49ers, which is indicated once again by the + and -. If you bet on the Rams, they must win by more than 4 points for you to win the bet.
If the Rams win, but by less than 4 points, people who bet on the 49ers would still win. And if the 49ers end up winning the game, even inside the 4 point range, players who bet on the 49ers would still win their bet.
Point spread betting is probably the most popular bet for American football, because at any point, a team could upset the favorites and change the moneyline odds. By betting the spread, you’re increasing your chances of winning. Generally, there’s a 50/50 chance to win the spread.
And finally, we come to the over/under bets. Like moneyline bets, they’re super simple to understand, and like spread betting, the over/under bet couldn’t care less about who wins. The o/u bet is about the total number of points or goals scored at the end of the game.
This number is a combined total of all the points, from both teams. Let’s take a look at the o/u bets for the Bengals vs. Chiefs game, odds from BetOnline.
As you can see, the bookies at BetOnline believe that the game will end with close to 54 points. The ½ point is to ensure there isn’t a tie.
It doesn’t matter what teams score these points. The Bengals could score all 55 points and over bets would win. Conversely, the Chiefs might score 55 points to 0 and over bets would win.
Over/under betting is a fun way to bet on NFL games, especially the Super Bowl. You’re not running the risk of losing because you picked the underdog, you’re simply betting on the total outcome.
Become a Super Bowl 2022 Bet Winner!
No matter who you think is going to win the Super Bowl, you can certainly become one of many winners who profit off the Super Bowl every year.
The odds for such big events are always better than regular season odds, and if you play it safe, you can walk away in the green.
Just remember to manage your bankroll and bet wisely. It’s easy to get carried away on game day when everyone’s hyping up your team, so just be careful and know how much you can spend.
More advanced gamblers will hedge their bets. To do this, you might place a bet on the underdog at one sportsbook, and bet on the favorite for half the amount of your first bet at another sportsbook. This way, only one bet will hit, but it will give you the same payout either way.
At the end of the day, sports betting is all about having fun, so don’t let the odds stress you out!