Although Super Bowl odds change all the time, there are strategies that bettors can use when analyzing NFL futures.
Legal US sportsbook apps offer a robust selection of ways to bet on the Super Bowl. Along with the standard moneyline, point spread, and totals lines, sportsbooks also offer in-game betting and a massive menu of prop bets.
The moment Super Bowl LV ended, the odds for Super Bowl LVI, scheduled for February 6, 2022, hit the sportsbooks. All year-round, the biggest and best online sports betting sites and apps offer odds on the Super Bowl. Now that the 2021 NFL schedule has been released, you can also bet on week 1 NFL games.
Like all NFL games, sportsbooks set the Super Bowl lines with the aim of getting enough action on all futures for the sportsbook to make money. The lines can shift all the time, but particularly in the days leading up to the big game, influenced by the public’s betting activity which reaches a fever pitch the closer we get to kickoff.
Chances of Winning Super Bowl 2022
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| KC Chiefs | 18.18% | — | |
| TB Buccaneers | 13.33% | — | |
| LA Rams | 7.69% | — | |
| SF 49ers | 7.69% | — | |
| BAL Ravens | 6.67% | — | |
| BUF Bills | 6.67% | — | |
| CLE Browns | 5.88% | — | |
| GB Packers | 5.26% | — | |
| IND Colts | 3.85% | — | |
| DEN Broncos | 3.23% | — |
Implied probabilities are calculated using odds offered by BetMGM.
Last Updated: 2021-06-23 00:00:00 PDT.
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The day after Super Bowl LV, sportsbooks put the Kansas City Chiefs, Green Bay Packers, and the Tampa Bay Buccaneers as the favorites. The 2021 NFL Draft and an apparent fallout between the Packers and their future Hall of Fame quarterback Aaron Rogers have unfolded since then.
The Monday after the NFL Draft saw the Cheifs and Bucs still installed as the top two Super Bowl favorites. A slew of other contenders sit at relatively even odds under Kansas City and Tampa Bay.
Buffalo, the L.A. Rams, Baltimore, and San Francisco all offer odds in the neighborhood of (+1500). The Packers dropped significantly in the midst of reports that Rogers doesn’t want to return to the team, with Green Bay slipping to (+1700) at BetRivers and (+2000) at DraftKings Sportsbook.
If you feel that a team is undervalued now, that could pay off handsomely if their form is good throughout the season. The better a team does leading up to Super Bowl 2022, the lower the win potential.
Joining a legal sportsbook for the first time? Read our rundown of the best super bowl betting bonuses.
Super Bowl 2022 Futures: A Closer Look
BetMGM is consistently one of the best sportsbooks for futures betting, with more win potential than its competitors more often than not. Here’s how their futures lines for the 2022 Super Bowl look prior to the 2021 NFL Draft (odds updated automatically once daily):
Favorites To Win Super Bowl LVI
- Kansas City Chiefs (+450): Patrick Mahomes and the Chiefs will have their eye on a redemption game. And if they make it all the way to the Super Bowl for the third year in a row, it’s hard to imagine them walking away without a victory.
- Tampa Bay Buccaneers (+650): It’s hard to imagine the Chiefs losing if they make it to Super Bowl LVI – unless they face Tom Brady again, the winningest QB in NFL and Super Bowl history.
- Buffalo Bills (+1400): If the 2021 Super Bowl was the year for a 21-year veteran, then why shouldn’t the 2022 Super Bowl be the year of young players?
Close Favorites
- Los Angeles Rams (+1200): Matthew Stafford’s move to the Rams has reportedly attracted other players to try and follow. And with Super Bowl LVI hosted in Los Angeles, they could make a serious run.
- Baltimore Ravens (+1400): If Lamar Jackson starts playing as well in the playoffs as he does in the regular season, the Super Bowl is the Ravens’ to win.
- San Francisco 49ers (+1200): A favorite to return to the Super Bowl and win it all last year was thwarted by injuries. This year is different. And could be their year.
Serious Contenders
- Cleveland Browns (+1600)
- Green Bay Packers (+1800)
- Denver Broncos (+3000)
- Indianapolis Colts (+2500)
- Seattle Seahawks (+2500)
- Dallas Cowboys (+3000):
- New Orleans Saints (+4000)
- New England Patriots (+2500)
Dark Horses
- Los Angeles Chargers (+3000)
- Miami Dolphins (+3000)
- Arizona Cardinals (+4000)
- Pittsburgh Steelers (+4000)
- Tennessee Titans (+2500)
- Minnesota Vikings (+6600)
Long Shots
- Las Vegas Raiders (+2500)
- Carolina Panthers (+8000)
- Chicago Bears (+6600)
- Atlanta Falcons (+12500)
- Washington Football Team (+6600)
Hail Marys
- Philadelphia Eagles (+10000)
- New York Jets (+12500)
- New York Giants (+8000)
Bad Bets
- Cincinnati Bengals (+10000)
- Jacksonville Jaguars (+12500)
- Detroit Lions (+25000)
- Houston Texans (+30000)
Which States Offer Legal Sports Betting Apps?
The following states (and Washington, DC) have legal online sports betting apps where you can sign up to place a legal bet on the 2022 Super Bowl.
There are also some states where you can bet in-person at retail sportsbooks. These include:
- Arkansas
- Delaware
- Mississippi
- New Mexico
- New York
Not in a legal state? You can play our free Super Bowl squares game with friends. Play online or via a printable squares template.
States That Could Legalize Sports Betting In Time For Super Bowl 2022
- Arizona: Sports betting should launch in Arizona sometime in 2021, and possibly in time for the start of the 2021-22 NFL season. A sports betting bill passed in Arizona in April, and both mobile and retail sports betting is on the way to the Grand Canyon State.
- Connecticut: Governor Ned Lamont agreed to a deal with state tribal casinos to bring sports betting to the state. The agreement still needs to pass through state legislature chambers, but the Connecticut Lottery projects September 6, 2021 as the tentative launch date for online sports betting.
- Florida: Sports betting will likely come to Florida in 2021, with the final details and regulations of the Florida sports betting industry still pending. Lawmakers and the Seminole Tribe, which runs six of the biggest casinos in the state, agreed to the 2021 Florida Gaming Compact in April.
- Georgia: Sports betting legalization could end up on the November 2022 ballot in Georgia. The state’s complicated political situation, however, points to an unclear future for sports betting in the Peach State.
- Kansas: This is another state that will likely legalize sports betting in 2021, but it’s too early to tell if online sportsbooks will be included in the legalization.
- Massachusetts: The state’s sports betting champion, State Senator Brendan Crighton, refiled legislation that would legalize retail and online sportsbooks.
- Missouri: Lawmakers are considering a sports betting bill, but the bill is currently hitting a few snags in the State Senate. Missouri could see legal online or retail sportsbooks in 2021 if the bills pushes through.
- New York: A sports betting bill made it through as part of the approved FY 2022 budget. The complicated sports betting measure doesn’t offer much clarity on how sports betting will operate in Empire State, but it appears that at least four online sports betting skins could go live in New York at some point.
- Ohio: Considering Illinois, Indiana, Iowa, and Michigan all have legal online sports betting, it’s kind of amazing that Ohio hasn’t joined its Midwest neighbors. Thankfully, it’s likely coming in 2021, according to Governor Mike DeWine.
- Texas: A coalition between the Cowboys, Rangers, and Mavericks could push Texas to legalize retail sports betting, and just maybe online sportsbooks, in 2021.
- Vermont: The state wouldn’t even do a study on the impact of legal sports betting in 2020, but a new push from Governor Phil Scott to generate tax revenue could mean legal online sports betting in Vermont – despite the state not having any casinos.
Best Legal Online Sportsbook Apps to Bet On The Super Bowl
We have a list of our top picks for US online sports betting apps.
BetRivers
Visit: BetRivers and claim a 100% deposit match bonus up to $250
Named after the Rivers Casino brand, BetRivers Sportsbook offers a comprehensive selection of domestic and international sports. Also known as PlaySugarHouse (in New Jersey), BetRivers competes for market share as one of the top sports betting brands in the US.
Players in eight states (NJ, PA, IL, IA, CO, IN, MI, VA) can bet on the Super Bowl using BetRivers online sportsbook.
BetMGM
Visit: BetMGM and claim a Risk Free Bet up to $600
The sports betting face of MGM Resorts, BetMGM stands as a big player in the legal US sports betting market. BetMGM offers a variety of betting markets that competes with any other US sportsbook.
The Super Bowl, as well as a multitude of other sports, are available on BetMGM in ten states (NJ, PA, CO, IN, IA, NV, TN, WV, MI, VA).
FanDuel Sportsbook
Visit: FanDuel and Claim a $1,000 Risk Free Bet
FanDuel Sportsbook reigns as the No. 1 online sportsbook in the US by market share. FanDuel’s robust selection of Super Bowl betting markets includes a wide array of prop bets and in-play wagering options.
Bettors in ten states (NJ, PA, CO, IN, IA, IL, TN, WV, MI, VA) can place Super Bowl bets online at FanDuel Sportsbook.
DraftKings Sportsbook
Visit: DraftKings and claim a 20% deposit match bonus up to $1,000
The overturning of the Professional and Amateur Sports Protection Act (PASPA) set the process in motion for legal sports betting to expand across the US. Since the fall of PASPA in 2018, DraftKings Sportsbook has emerged as one of the most prolific online sports betting brands in the US.
DraftKings Sportsbook currently offers online sports betting in eleven different states (NJ, CO, IL, IN, PA, NH, IA, TN, WV, MI, VA).
PointsBet
Visit: PointsBet and claim up to $2,000 in Risk-Free Bets
PointsBet presents one of the most unique sports betting platforms in the US market. The sportsbook’s signature “PointsBetting” style of wagering allows bettors to win or lose more money based on the final margin of a game.
Six states currently enjoy access to PointsBet online sportsbook (NJ, IL, IA, CO, IN, MI).
Welcome Bonus Offers At Legal US Online Sportsbooks
How To Place Online Super Bowl Bets
Choose Your Online Sportsbook
Most US states with legal online sports betting put multiple mobile sports betting apps at your fingertips. The welcome bonuses, as well as the lines on the Super Bowl, differ from sportsbook to sportsbook.
Check out Gaming Today for comprehensive coverage on which online sportsbooks operate in your state. Once you’ve chosen a sportsbook, you’ll need to provide proof of age and identity to register for a new account.
Make Your First Deposit
Once your account details are verified by the sportsbook, you’re ready to deposit funds and start wagering on games like the Super Bowl.
Navigating to the cashier at your chosen sportsbook displays all of the different deposit options. Some of the most reliable deposit methods include PayPal, Play+, debit/credit cards, and ACH/eCheck.
Cashing Out
Legal online sportsbooks offer myriad ways to bet on the Super Bowl. Once you’ve deposited and placed your bets, several different options exist for withdrawing your winnings.
PayPal, ACH/eCheck, and Play+ represent some of the fastest ways to cash out when your Super Bowl wagers win.
How Super Bowl Betting Odds Are Calculated
Point Spread Bets
US sportsbooks display the potential payout on a bet using American odds. American odds put a “+” or “-“ sign in front of the payout line on a given bet.
For the 2021 Super Bowl LV, the point spread offered at DraftKings looked like this:
| Team | Point Spread and Payout Odds |
|---|---|
| Tampa Bay Buccaneers | +3.5 (-115) |
| Kansas City Chiefs | -3.5 (-106) |
As we now know, the Buccaneers took the game despite being the underdog, a humbling reminder of how the Super Bowl can be anyone’s game.
Calculating Negative American Odds
The line on Tampa Bay added 3.5 points to the underdog Buccaneers’s final score. If the Bucs lost by 3 points, or outright won the game, the bet paid at -115 American odds. For the Chiefs, they simply needed to win by at least 4 points for a payout of -106.
To calculate the -115 payout, divide 100 by 115 (without the minus sign) and multiply that quotient by the amount wagered. A $50 bet on the Bucs, for example, would calculate as (100/115)$50, which equals $43.48.
Therefore, a $50 winning bet on Tampa Bay would return $93.48 to the bettor ($43.48 profit plus the original $50 bet).
Moneyline Bets
A moneyline bet takes the point spread out of the equation and tasks the bettor with simply picking the winner of the game straight up. The favorite and underdog odds almost always vary more in a moneyline bet versus a point spread bet.
The DraftKings moneyline on 2021 Super Bowl looked like this:
| Team | Moneyline Odds |
|---|---|
| Tampa Bay Buccanners | +105 |
| Kansas City Chiefs | -121 |
Calculating Positive American Odds
To calculate the +140 moneyline odds on the Bucs, divide 140 by 100 and multiply that quotient by the amount of the wager. A $50 winning moneyline bet on Tampa Bay would be calculated as (140/100)$50, which comes out to $70.
Alternatively, you can simply move the decimal point over two places. For example, the +140 odds could also be expressed as 1.40. And 1.4 x $50 would be $70.
A $50 winning moneyline bet on the Bucs would have returned $120 to the bettor ($70 profit plus the original $50 bet).
NFL Super Bowl Odds And Betting
The point spread and moneyline styles of betting outlined above represent the two most popular ways to bet on the Super Bowl. When Super Bowl 56 comes around, legal online sportsbooks will present several other ways to bet on the big game as well.
Totals
Totals bets, aka over/under, task the bettor with choosing whether the final score of the game will finish over or under a given line.
Last year’s Super Bowl, for instance, saw DraftKings set the totals line at 57.5 points. The Buccaneers won the game 31-9, with 40 total points scored and the under bet winning.
Parlays
Parlays offer some of the most enticing action available at a sportsbook. Parlays combine multiple bets on one ticket, increasing the payout odds with each added bet.
All bets (known as “legs”) on a parlay must win for the ticket to pay off. Even one losing bet makes the parlay a loser. However, sportsbooks like FanDuel and BetMGM offered parlay insurance for Super Bowl LV, where you got your bet back if one of your legs lost (up to $25). You can expect similar offers for Super Bowl LVI.
What Is An NFL Futures Bet?
The “Current Super Bowl Odds 2022” table near the top of this page lists futures bets on the Super Bowl LVI Championship.
A futures bet represents a wager on an event that will happen in the future, over a span that takes longer than a single game. Super Bowl futures bets can be placed any time up until the two competing teams for the game are determined.
Immediately after the conclusion of the Super Bowl, sportsbooks start offering futures odds on next year’s game. Other futures markets include betting on the league MVP, Rookie of the Year, and statistical leaders, but those won’t be listed until closer to the start of the 2021-22 NFL season.
What Is A Super Bowl Prop Bet?
Super Bowl prop bets cover just about every aspect of the NFL championship game not directly related to the final score. These wagers offer markets on predicting the Super Bowl MVP, which player will score the first touchdown, and even whether any attempted field goal will hit the crossbar at some point in the game.
Last year’s Super Bowl props offered at DraftKings Sportsbook amounted to hundreds of different ways to wager on the game. Most of the wagers offered on the DraftKings list still fell in the category of on-field prop bets, awarding sharp bettors for their research and wager selection.
Other kinds of prop bets, like exotic bets, offer fun betting markets largely based on luck. These markets can include betting on which team wins the coin toss, or the length of the National Anthem.
Strategies For Betting On The Super Bowl
As with all NFL games, sharp bettors take advantage of any kind of edge they can find when betting on the Super Bowl.
Research will pay off when it comes to picking the winner of Super Bowl LVI, and that includes knowing about injuries, draft picks, trades, weather, or even dissension in the locker room. Aside from those factors, skilled bettors also utilize the following strategies:
Alternate Lines
Some sportsbooks offer multiple lines and payout odds on the Super Bowl. Super Bowl 55, for instance, wasn’t just limited to the 1.5 point spread between the Bucs and Chiefs.
Depending on where you looked, lines like Kansas City (+12.5, -900) and Tampa Bay (-12.5, +600) could be found.
Fading The Public
Sportsbooks cash in big when the majority of bets come in on one side and that team loses.
Fading the public tries to take advantage of the sportsbook’s inherent process of setting lines that produce the highest revenues for the house. To fade the public, simply bet against what the majority is doing.
This strategy would have paid off for Super Bowl LV, with all US sportsbooks listing the Buccaneers as the underdog.
Middling
Middling involves placing a bet on one team, waiting for sportsbooks to move the line, and then betting on the other team. This strategy makes it possible to win on both the favorite and underdog side of a bet.
Super Bowl XIII, for example, featured the favored Pittsburgh Steelers opening at (-3.5) over the Dallas Cowboys. As the game approached, the line moved to a (-4.5) spread.
Bettors that took the Steelers (-3.5) and the Cowboys (+4.5) got paid big. Pittsburgh won the game 35-31, and the middling betting strategy played out to perfection for astute bettors.
