Super Bowl betting glossary
Were you scratching your head while listening to the conversation of the two seasoned pros? You’re probably familiar with some of the lingo, but other terms may need some explaining.
We have listed some common betting terms that can help you better understand Super Bowl betting and online gambling in general. You can also check out our extensive betting guides and betting strategies to learn more about betting.
| Term | Meaning |
| Favourite: | A team expected to win a match based on the odds prediction. |
| Underdog/Dog: | A team anticipated losing the match against the favourite. |
| Action: | Another term for placing a bet on a sporting event. |
| Chalk: | The odds on favourite team or player to win a game. |
| ATS: | An acronym to a team’s record “Against The (point) Spread” that depicts the Super Bowl betting result. |
| Limit: | The maximum wager the bookmaker sets on a specific game. |
| Cover: | When a picked side of the point spread bet wins. |
| Line: | The current point spread or odds on a specific game event. It helps decide the betting margin between the underdog and favourite. |
| Opening Line: | The initial odds on a game. However, it can go up or down based on factors like the team receiving the most wagers or unexpected player unavailability or injury before the event. |
| Handle: | The total amount wagered on a particular game. |
| Push: | When there is a tie between the sportsbook and gambler, it’s called Push. It usually happens during totals or spread betting. Whenever this occurs, you receive your stake back in full (except in the case of free bets). |
| Hook: | A half-point that removes the chances of a tie. For example, the half-point (.5) is the hook in a team’s -3.5 point spread. |
| Total/Points Total: | An expected combined final score of a matchup. |
| House: | Another name for the sportsbook. |
| SU: | Acronym for “Straight Up” when a person bets directly on a winner or loser without considering point spread. |
| Bookmaker: | Someone who predicts the line or point spread of a matchup. |
| Juice: | The commission or percentage an online sportsbook accepts for providing a betting option. |
How to place a bet on the Super Bowl?
You will find a plethora of legal online portals to place a bet on the upcoming Super Bowl. It’s an easy process, and usually, all betting sites for Super Bowl events follow similar steps. So check out our step-by-by guide on how to place a bet on the Super Bowl.
- Create an account on the reliable Super Bowl betting website.
Tip: Don’t forget to check the available sports betting bonus and promo deals on our site before placing the bet. Moreover, you can also check out our odds comparison and betting site reviews to make an informed choice.
- After signing up, make your first deposit in the sportsbook account.
- Now, go to the Super Bowl odds markets available under the NFL section. From here, you can browse through the live Super Bowl betting options by the bookmaker, including Super Bowl money lines, spreads, in-game betting, over-under bets, and prop bets.
- You can pick any betting option of your choice where you feel confident to try your beginner’s luck.
Types of Super Bowl bets
While the NFL regular season offers a range of betting options, the fun goes to another level with the postseason, especially the Super Bowl betting. This once-in-a-year event offers gambling enthusiasts a range of choices to bet. So, here are some of the popular betting options among Super Bowl betting fans.
Super Bowl moneyline bets
Moneyline bets are the simplest types of Super Bowl bets available online. As a beginner, you can choose this betting type. You can place your stakes on a team that you assume will win the sports event under this wagering option.
Whether your bet is on favourite or underdogs, whoever wins you’ll be an outright winner. In simple words, pick the winner of the Super Bowl event. However, the Super Bowl moneyline odds vary with each bookmaker. So, it’s always best to compare odds from different bookmakers using the odds comparison at Wetten.com to get the best possible odds for your selection.
Also known as the total, bookmakers set the line it believes both the teams will score cumulatively during the Super Bowl match. Now, a bettor needs to wager the over or under of this predicted total point. So a winning or losing team doesn’t matter in this type of betting.
There are two possibilities of beating the odds during Super Bowl betting:
- You wager on the over and win if the total score is more points than the set line.
- You wager on the under and win if the total score is less than that bookmaker’s predicted total points.
It is the most famous Super Bowl wagering option among sportsbook lovers. You can bet on your assumed margin of victory for a team. In this betting line, a positive value (+) indicates the underdogs, whereas a negative value (-) indicates the favourite in front of its spread.
Suppose the points spread is as follows:
Underdogs +3.5
Favourites -3.5
According to this line, the underdog should win outright or lose by less than the +3.5 spread. On the other hand, the favourite should win by more than the -3.5 point to cover the spread.
Prop or proposition are bets that allow you to wager on interesting events that don’t affect the outcome of the Super Bowl match. There are a plethora of options available to wager pre or post-match, including, winner of the Super Bowl MVP award, touchdowns, receptions, number of penalties, and much more.
In fact, this type of bet is also valid on the non-game actions, such as a coin flipped is head or tail, time of the first score, or even on the duration of singing the National Anthem by teams.
Another commonly found option on many Super Bowl betting portals is parlays. This kind of bet combines wagers of two or more markets into one. You can increase your odds by including more bets. But there’s a catch.
You won’t win unless all your picks win. Moreover, the bigger odds are generally challenging to beat. Yet some bettors won’t fear taking the chance because they can hit a larger winning amount with parlays.
These are real-time bets updated constantly as per the current events on the field, such as the next field goal or touchdown. There are also in-game player props available in this option. However, the live betting markets on Super Bowl may disappear quickly with each play while the Super Bowl odds can be volatile as well. So, make sure to take action instantly if an exciting Super Bowl betting market pops up.
If you can’t get enough of the current Super Bowl matchup, you still have a chance to wager for the upcoming one. As the name implies, future bets allow placing a stake on a team you believe will win next year’s Super Bowl.
Soon after the end of the Super Bowl LVII, the bookies set the odds for this bet. However, each team has decent odds in this type of bet. In addition, this bet is available throughout the year via the NFL futures market.
Top Super Bowl odds 2023
Odds usually won’t be precisely the same on all online sportsbooks but maybe within the same range. However, even such minor differences can have an impact on your overall winnings. Knowing this, we have an odds comparison tool in Wetten.com that can help you compare the odds from various bookies and choose the one that offers the best odds for your bet.
Conclusion
Nothing can be more thrilling than watching a Super Bowl matchup and winning some bets. Super Bowl betting with online betting options certainly enhances the live experience of the game and keeps you over the edge of the seat. The online sportsbooks release their primary game lines and Super Bowl picks soon after the game is official.
However, if you’re new to gambling, we recommend not to wager beyond your bankroll limit. Usually, you can gamble with as little as a few dollars on almost all online sportsbooks. So, take baby steps with Super Bowl LVII to first learn all the tricks and strategies thoroughly until you can bet like a pro in the next season. You can also check out our expert betting guides and strategies and improve your betting skills.
Check out these great bonuses for Super Bowl betting:
Super Bowl Betting FAQ
🏆Is betting on Super Bowl legal in Canada?
The country or state-specific gambling authorities regulate the Super Bowl betting online operators. Canadian gamblers can check out our detailed guidelines at Wetten.com to know whether betting is legal in the country, who regulates it, and what rules you need to follow to wager legitimately.
💰Are there any bonus offers on Super Bowl betting?
Online bookmakers frequently release a series of bonus and promo codes for all the live sports betting events. Check out the list of currently valid Super Bowl bonus offers online at our bonus review page.
🍁What are the best Super Bowl betting sites in Canada
The market is flooding with online sportsbooks these days. But not all online sports betting sites are reliable to wager on the Super Bowl matchup. Make sure you pick only the legal Canada sportsbooks to cash out your winning bet. So, check out the list of approved online bookmakers vetted by our experts after rigorous research. These platforms are safe and provide excellent lines for Canadian bettors.
🕥How much time it takes to cash out the winning bet
Withdrawal timelines for your winning bet vary based on various factors. It can include chosen sportsbooks, mode of transaction and country of origin. Know which Super Bowl betting sites offer fast payouts in our review section here at Wetten.com.
