Sports Betting Expert
Last Updated on 18/09/2022
Fact checked by: Melissa Roy
While the Super Bowl is a US event, we cannot underestimate its popularity among the Canadian audience. According to Statista, Super Bowl LV brought in an average viewership of around 8.8 million people in Canada. No small numbers there!
The Super Bowl LVI is just around the corner; we know everyone’s pretty excited about it. Can Brady and the Bucs take the trophy to Florida again? What are the Super Bowl odds this time around? Who are the favourites to win? We attempt to answer all these questions and more in this Super Bowl LVI odds guide.
For the uninitiated, Super Bowl is the annual sporting event that marks the end of the current season of the NFL. For football fans, Super Bowl LVI is the culmination of the twists and thrills of a spectacular NFL 2021 season. Moreover, it is one of the most-watched single-sporting events in the world.
The National Football League (NFL) is a professional American football league. It has thirty-two teams distributed equally in two conferences – the National Football Conference (NFC) and the American Football Conference (AFC). Fourteen teams qualify for the NFL playoffs – seven from each conference.
Super Bowl LVI will be the 56th Super Bowl, and on February 13th, 2022, the game will be held at SoFi Stadium in Inglewood, California. So, if you’re looking to watch it from Canada, you can watch it in either English or French. CTV and TSN will televise the game in English while RDS will air it in French.
When an event of this magnitude is taking place, we know how attractive it is for bettors. At Wetten, we care about our readers, and we seek to ensure the best gambling experience for you. And, even if you are new to online betting, the betting guides from our experts can certainly help you understand everything better.
Without a clear understanding of the odds, you can never be a successful sports bettor. We have listed out some of the popular Super Bowl betting markets here. You can also check our odds comparison Super Bowl page at Wetten.com to get the best Super Bowl odds for any betting market.
How exactly do the Super Bowl LVI betting odds work? Read on to find out.
Moneyline bets are simple and quite easy to understand. It is also a great favourite among all bettors. So what is a Moneyline bet?
In Moneyline bets, people wager on who is likely to win. Simply put, you bet on the side that you think is expected to win. If the team wins, you win. While it is simple, there are further intricacies to Moneyline bets in the Super Bowl. First, the NFL Super Bowl odds would have a favourite to win. Then, there are the underdogs. You can bet on either the favourite or the underdog.
While betting on the favourite is a safer choice, backing the underdog may just surprise you in the end. Moreover, betting on the underdog also promises you a higher return. It is exciting to bet on unlikely contenders, especially if you end up winning!
This is a very popular form of betting. However, it is not as simple as Moneyline bets. The purpose of point spreads is to even the playing field between two teams. A point spread is a number determined by bookmakers that indicates the expected margin of victory or defeat. For example, to win against the Super Bowl spread, the team you choose must have a higher score after the spread is added to the final score.
Totals bets are also known as over/under bets. The Super Bowl over/under is a simple wager. The bookmakers set a number that predicts the final combined score of the game. If you think the final score would be higher than this number, you bet for the over. If you expect it to be lower, bet for the under.
With the advancements in technology and the popularity of mobile betting apps, live betting has undoubtedly come to the fore of late. You get a chance to keep making bets while the game is being played.
Usually, in addition to the Moneyline, point spread and totals, numerous other live markets open up during the game. For example, if a team is in possession, you can bet on whether they’ll get the first down or the QB to be sacked, etc. Unlike in the pre-game markets where the Super Bowl odds are somewhat consistent, odds in most live betting markets will change with each play. So, ensure to take quick action when a suitable market opens up.
Player props are one of the most popular Super Bowl betting markets. These generally include betting markets on player performances like touchdowns, passes, sacks, rushes, interceptions. Player props are available in both pre-match and live betting markets. However, the selection or variety of markets on offer can vary significantly with bookmakers. So, if you’re looking for betting sites with the best collection of Super Bowl odds and betting markets, our betting site reviews will be a great read.
Just like the name suggests, you bet on the future. When a Super Bowl game is played, the odds for the next Super Bowl are released immediately. These Super Bowl odds are often dependent on the current winners. For example, one of the favourites to win Super Bowl 2022 is last year’s winners – Tampa Bay Buccaneers.
Parlay bets are the definition of the ‘high risk, high return.’ What is a Super Bowl parlay? It lets you combine multiple bets into a single betting ticket. If you choose correctly on each individual leg, you win. However, if you choose even one leg incorrectly, you lose. While the risk factor is exponentially high, it also gives a higher payout. The more underdogs you pick, the more the potential payout would be.
Now that you know about the different types of bets, you need to start taking advantage of your knowledge by actually betting. How to get started?
After the Wildcard weekend, eight teams are now racing towards the Super Bowl LVI. However, after the Wildcard round, the Green Bay Packers are still the Super Bowl favourites.
According to the LeoVegas Sportsbook, the following are the favourite Super Bowl picks to lift the Lombardi trophy.
Moreover, while playing the Super Bowl 2022 odds, do not be afraid to bet outside the favourites. With a history of unpredictability in the Super Bowl, like we saw last season, placing faith in some of the underdogs can be rewarding.
LeoVegas also offers Super Bowl odds on the winning conference, as follows:
AFC – 1.95
NFC – 1.87
All odds are correct at the time of writing, but will be subject to change as the contenders are knocked out and the teams that will contest the Super Bowl are decided. Worry not, though: we’ll come back and update this page as soon as possible in order to ensure you’re thoroughly up-to-date as the final teams are decided.
Even though teams from the AFC have won 5 of the last 7 Super Bowls, NFC are the current holders of the trophy thanks to Tampa Bay Buccaneers’ triumph over Kansas City last season. Moreover, both Green Bay Packers and Tampa Bay Buccaneers are in fine form this season and can potentially help NFC retain the championship. So, where do you think the NFL trophy is heading this season?
The key characteristic of successful people in life and betting is the amount of preparation they put in. So while betting on the Super Bowl odds, make sure that you prepare a lot. It would be best if you had a fine balance of anticipation and research to be successful with Super Bowl LVI odds. Listen to the experts but do not rely on external opinions blindly. Instead, do your own research before putting your money on the line. Moreover, don’t forget to register with one of our featured bookmakers for the best odds and promo deals. In addition, if you have any doubts about Super Bowl odds or Super Bowl betting, our betting guides at Wetten.com have everything you need.
There is a range of betting options for the Super Bowl available on sportsbook sites. However, each market has its ups and downs, and you should understand how it works before placing a bet. Thus, we suggest going through our Super Bowl betting guidebooks to learn more about the different markets and the right strategies.
Yes, there are online licensed bookmakers where you can place your Super Bowl wagers without any concern. However, there is a myriad of online bookmakers to choose from, and not all of them are licensed to operate in Canada. So, if you’re looking for legal online betting sites or even the best Super Bowl odds, we recommend going through our expert reviews of betting sites at Wetten.com.
Not everyone can enjoy betting on Super Bowl odds in Canada as gambling authorities regulate online gambling in the country. To know more about the eligibility requirements as well as the rules you need to follow while online gambling, check out our expert guide on how to place a bet on Super Bowl to get up to speed.