2024 Super Bowl: A Comprehensive Betting Guide

2024 Super Bowl LVIII

Curious about when is the Super Bowl 2024 taking place? As Super Bowl LVIII approaches, a series of questions have already bugged your mind. Where is the Super Bowl 2024? Who is performing at the Super Bowl? Or, for that matter, what is Super Bowl all about? Here's all that you need to know.

This year's Super Bowl at Allegiant Stadium, the home of the Las Vegas Raiders, promises to be a unique spectacle. Set your calendars for February 11, 2024, at 6:30 p.m. EST, and tune in to CBS, Nickelodeon, or Paramount+ to catch all the action. The excitement doesn't end on the field– with the talented Reba McEntire set to bring the national anthem to life and Usher headlining the Halftime Show, this Super Bowl LVIII will be epic.

Popular Betting Markets

The Super Bowl is among the biggest sporting events in America. This is the peak time for sports bettors as it offers many betting markets beyond just the final outcome of the match. You can bet on every aspect of the game, including individual player performances, the total number of points scored, and even how long the national anthem will last.

Odds and Payouts

Understanding the odds is critical to knowing how much you stand to win with a successful bet. There are various formats for odds, but the most common in the United States are American (+200, -300, etc.), Decimal (2.00, 3.00, etc.), and Fractional (2/1, 3/1, etc.).

Different Types of Bets

There's more to Super Bowl betting than just picking a winner. You should know a few terms before starting your betting journey. You'll often hear terms like spread betting (point spread), over/under (totals), and proposition bets (prop bets). Understanding the different types of bets is important for any newcomer bettor.

• Moneyline Betting

  Super Bowl Moneyline betting involves wagering on the outcome of an event, focusing on the outright winner.

  Example: A Moneyline of -150 on Team A means wagering $150 to win $100 if they emerge victorious. Conversely, a +120 Moneyline on Team B signifies a $100 bet yields $120 in winnings.

• Spread Betting

  Spread betting is a handicap given to the underdog or favorite team, adjusting the final score for betting purposes.

  Example: A +7 spread for the underdog allows them to lose by up to 6 points and still win the bet, while a -7 spread for the favorite necessitates a victory by more than 7 points for the bet to succeed.

• Over/Under (Totals)

  Over/Under betting involves predicting the combined score of both teams, betting on whether it will be over or under a projected number.

  Example: If the projected total is 45, you can bet that the actual total score will be over or under that number.

• Proposition Bets (Prop Bets)

  Prop bets focus on specific events within the game that are unrelated to the end outcome.

  Example: Betting on the number of touchdowns a player scores or predicting which team wins the coin toss.

• Futures Betting

  Futures betting predicts long-term outcomes, often across days, weeks, or months.

  Example: Betting on the number of touchdowns a player scores or predicting which team wins the coin toss.

• Player Prop Bets

  Player prop bets focus on individual player performances within a game.

  Example: Betting on a quarterback to throw a certain number of touchdowns or a player to score over a set point total.

• Parlay Bet

  A parlay bet combines multiple individual bets into a single wager for higher potential payouts.

  Example: Combining Moneyline bets on three different teams. All bets must win individually for the parlay to be successful, offering increased odds and winnings.

• Teaser

  Teasers let players adjust the point spread or total in their favor by combining two or more picks. In this type of wager, the sportsbook permits the bettor to move the line, enhancing the chances of winning.

  Example: If a football teaser shifts the spread from -7 to -1 for the favorite and the total points from 45 to 39, it provides a more favorable outcome.

• Live Betting

  Live betting occurs during the event, allowing bets to be placed in real-time as the game progresses.

  Example: In a soccer match, odds may change dynamically based on the score, time remaining, or other live factors.

• Special and Novelty Bets

  Special and novelty bets involve unique or non-traditional wagering options, often unrelated to the game's outcome.

  Example: Betting on the color of Gatorade poured on the winning coach during the Super Bowl halftime show.