Don’t wait until the last moment to learn how to bet on Super Bowl. There’s so much excitement on game day—you don’t want to be researching the differences between spreads and NFL moneylines when you should be chilling beers and preparing your Super Bowl nachos.
We’ll get you prepared for betting right now and take you through the process of setting up an account to researching the various betting markets and finally, filling out your bet slip. Bodog is the No. 1 online sportsbook for Super Bowl odds betting and an excellent resource for learning to bet the best way possible. For more NFL betting insights and analysis, check out our football section.
Signing up for an Account at Bodog Sportsbook
Before navigating the sportsbook and figuring out how to bet on Super Bowl, you’ll need to sign up for a free account at Bodog Sportsbook. The “Join” button will pull up the registration page, which is a simple form that asks for your name, birthday, phone number, email, postal code and a password. You’ll need to certify that you’re of legal gambling age in your jurisdiction as you submit, and then we’ll open the account for you.
With your account up and running, you can log in from your computer, tablet or mobile using your email and password. Select “Remember Me” to skip the login step in the future.
Depositing Funds
Once you’re a member of the Bodog community, you can make your first deposit. At this point, you’ll qualify for our Welcome Bonuses—we have one for Bitcoin depositors and another for standard depositors. Both are 100% match bonuses, so they’ll double your deposit instantly—up to a maximum amount.
The standard Welcome Bonus is good for up to $400 to use in our sportsbook, plus it comes with 50 free spins for a slot in our casino. If you deposit with Bitcoin, which we recommend, you will be eligible for a 100% match bonus that’s good for up to $300 in our sportsbook. Bitcoin gets you fast access to your cash and comes with a guarantee that there will be no price fluctuations while you play.
Navigating The Sportsbook
Once your bankroll is established, you can head over to the Sports betting tab on our website to see all of the different sports that are available for betting. Select “Football” to bring up all of the football options, which includes both college ball and the NFL. On the left-side of the screen, you can select NFL to view all of the betting options. A good place to start is with the gamelines, where you’ll find straight bets like the spread, moneyline and total. You can also check out props and specials to add a little zest to your betting experience. Props cover everything from a player’s performance to non-game related events, like how long it will take to sing the National Anthem, which will be sung by Chris Stapleton this year.
Analysing Betting Markets
A good place to begin researching the various NFL betting markets is with the typical straight bets, including the spread, moneyline and total, in addition to specials and props that will be released in the hundreds. We’ll introduce each betting option.
Moneyline: The moneyline asks you to bet on the team you think will win straight up. Payouts are higher for the underdog and lower for the favourite.
Spread: The spread creates a level playing field between both teams by assigning a handicap to the favourite in the form of a win margin. The favourite will need to win by a specific number of points in order to “cover” the spread, while the underdog can lose by a maximum number of points and still pay out. For example, if the Kansas City Chiefs are 3.5-point favourites, they’d need to win by at least four points to cover the spread. Alternatively, if their opponent lost by three points or fewer, they’d win the bet.
Total: The total involves predicting whether the total number of points scored by both teams will go over or under a number posted in the sportsbook. If a total is 42.5 points for example, you can bet “O” for over if you think the total will be 43 or more, or “U” for under if you think it’ll be 42 or less.
Reading American Odds
The NFL odds posted in our sportsbook are American odds by default, although they can be changed to fractional and decimal easily. These odds use $100 bets or payouts as a frame of reference, but they scale up and down based on how much you bet. American odds that appear as a negative number are assigned to the favourite and show how much money you’d need to bet to win $100. Odds that appear as a positive number are assigned to the underdog in the matchup and show how much money you’d win off of a $100 bet.
Los Angeles Rams -150
Cincinnati Bengals +160
In this Super Bowl LVI matchup, the Rams were the favourite and would pay $100 on a $150 bet. The Bengals were the underdogs and would pay $160 on a $100 bet. The two different payout systems encourage even betting on both sides, thus reducing the sportsbook’s risk of exposure.
Placing a Bet
When you see odds that you like, you can select them and they will be populated onto a digital Bet Slip automatically. Toggles for Singles and Multiples let you choose if you want your bets to be independent of each other (singles) or parlayed together (multiples). Key in the amount of money you want to risk, or win, in the appropriate box, and you’ll see your total number of bets, total stake and possible winnings appear at the bottom of the slip. If everything looks good, select the red “Submit” button to finalize.
Congratulations—you now know how to bet on Super Bowl markets like a pro. Best of luck with your selections and enjoy the game. It will be that much more exciting knowing you have something riding on the outcome.