The biggest sporting event in North America is almost here, and we’ll get you ready for Super Bowl 52 betting by discussing the different types of bets you can place. The action is not only limited to what happens on the field between the New England Patriots and the Philadelphia Eagles, but you can bet on side events as well – almost anything you can think of related to the game is available for betting. 

 

Moneyline Betting

This is the most straightforward bet you can place. A moneyline bet is simply a bet on the winner of the game. Super Bowl 52 odds have the Eagles at +155, and the Patriots at -175 on the moneyline. This means that if you bet $100 on the Eagles, you will receive $155 in return (plus your original investment). The Patriots, being the favourites in the contest, require you to bet $175 to generate winnings of $100.

 

Point Spread Betting

Point spread betting is the most common type of bet in football. Each game typically features a favourite and an underdog, so the oddsmakers set a point spread, which is the amount of points by which the favourite is expected to outscore the underdog.

When it comes to the spread for Super Bowl 2018, the Patriots are -4.5, which means they are favoured to win by 4.5 points. Due to the nature of the point spread, the odds are a lot more even with a spread bet as opposed to a moneyline bet. If you bet on the Patriots, you need them to win by 5 or more points to win the bet. Conversely, a bet on the Eagles requires the Eagles to win, or lose by 4 points or fewer in order for the bet to pay out. 

 

Total Betting

This is another straightforward bet type – you simply bet on whether the total points scored in the game will be higher or lower than the number set by the oddsmakers. The points total for Super Bowl 52 is 48.5 and you can bet on either the Under or the Over, depending on how many points you believe will be scored in the tilt.

 

Prop Betting

Prop betting is perhaps the most fun type of bet you can place and offers a multitude of options, especially for an event as big as the Super Bowl. You can bet on anything from Super Bowl MVP (Tom Brady is favoured at -110) to the outcome of the coin toss.

 

Parlay Betting

Parlay betting allows you to combine multiple bets into one if you believe a couple of separate events will occur in the game. For the bet to win, all of your individual bets in the parlay must materialize. Due to the lower likelihood of all bets being successful, the payoff is bigger for parlay bets as the winnings from each bet are reinvested into the next one.

For example, you can parlay an Eagles point spread bet (-105) with a ‘Yes’ on whether a defensive or special teams touchdown will be scored in the game (+180). A parlay bet of $100 will yield winnings of $446.70, while betting $100 on each of the two actions individually will pay out a total of $275.24.

 

Live Betting

Finally, live betting means just what you think it does – you can bet during the game itself. Odds will change depending on what’s happening in the contest. For example, if the Patriots get off to a slow start and get down early, their odds of winning will go down, making the payout on a Pats live bet bigger. If you believe they will make a comeback, you can place a bet on them during the game, which could yield more value than betting before the game begins.

 

*Odds as of January 31, 2018