How to Read 2021 Super Bowl Odds
For the uninitiated, a first glance at Super Bowl odds can leave them feeling intimidated. On the bright side, the same can be said for how plenty of other folks felt the first time they lined up to place a bet.
Familiarity breeds comfort, and the same applies with betting odds. Once you understand the basics, you won’t feel so intimidated any longer. In fact, you’ll be able to take a gander at a set of odds and quickly understand what’s what with just a little bit of practice.
For Super Bowl betting odds, you need to understand that there are three main components to the lines for the game itself.
- Moneyline: These odds are based on which team is favored and which is the underdog. Users can place bets on the side of their choice.
- Spread: To make things even more interesting – and to even out the action – oddsmakers will install a points spread on the game. The team expected to win will be favored by a set number of points. Bettors then decide if they like the favorite ‘minus’ the points or the underdog ‘plus’ the points.
- Totals: Oddsmakers place a benchmark total on the game which represents an expected combined total number of points from the two teams. Bettors can place their bets on whether they expect the total points to be ‘Over’ or ‘Under’ that number.
To further illustrate, let’s take a look at each using a fictitious matchup involving Team A and Team B. In this scenario, Team A is favored to win the game and the odds have been sert accordingly. Oddsmakers have placed a spread of 2.5 points on the game, and set the total at 51 points. Here’s what you’ll see on the odds board on the platform of your choice.
- Moneyline: Team A -150, Team B +125
- Spread: Team A -2.5 (-110), Team B +2.5 (-110)
- Total: Over 51 (-110), Under 51 (-110)
For the moneyline, the odds are set so that users can understand at a glance the favorite and underdog. Odds for favorites will have a minus sign in front, while underdog odds will have a positive. On online and mobile sportsbooks, users can make their selection and plug in the amount of their bet to see the expected return.
On spreads and totals, standard odds are set at -110 at most operators, but there can be a few ticks of difference here and there. For a $100 bet, a successful wager at odds of -110 will provide a return of $190.90.
When looking at the odds for Super Bowl LIV, start with the basics and work your way out. Once you have a handle on the three main line components above, start digging into props and get ready for live betting opportunities.
On those wagers, you’ll find odds listed in the same format with a + or – designation, so you’ll be able to understand what you’re looking at much more quickly after mastering the basics.