How To Bet On Super Bowl LVIII – Learn How To Bet On The Super Bowl Online

The Super Bowl is the biggest sporting and betting event of the year. The championship game is broadcast in over 170 countries and is the most viewed sporting event in the United States.

The sports betting industry continues to flourish in the United States and this year’s Super Bowl is expected to see a record number of wagers as a result. In this article, we’ll guide you on how to bet on Super Bowl LVIII as well as the assorted bets available for the Super Bowl. Continue reading to claim free bonus cash and learn everything you need to know on how to bet on the Super Bowl, including an in-depth look at the best Super Bowl betting sites.

How to Bet on the Super Bowl Online

Betting on the Super Bowl online is easier than ever as bettors have plenty of sportsbooks to choose from. A wide range of bet types including moneyline, alternative point spreads, and totals are available, as well as a plethora of prop bets too. The best Super Bowl betting sites also offer promotions and competitive odds. Continue reading to learn how to place bets on Super Bowl LVIII.

Understanding Super Bowl Betting Odds

Betting on the Super Bowl online is quite simple. Once the winners of the AFC and NFC playoff games are decided, the betting lines will be released that evening. Bettors will have two weeks to analyze the data and make their bets. The most common wager on the Super Bowl consists of selecting a team to cover the spread. However, there are many different ways to bet on Super Bowl LVIII.

When learning how to bet on Super Bowl LVIII, you need to be aware of the most common bet types. You often hear the terms ‘point spread’ and ‘cover the spread’. Basically, a team is assigned a number of points they must win the game by in order to cover the spread. The odds for these spreads are often displayed in the American format.

Another common bet type is the total. Here you are betting on how many points will be scored by the two teams combined.

Super Bowl Betting Odds Explained

As mentioned above, point spread betting is one of the most common bets. For example, if the Chiefs are tabbed -2.5 point favorites, this means they need to win by three or more points for the bet to be classified as a winner. If they win by two or fewer then they did not cover the spread.

Point spread bets often pay at -110 odds. A -110 line means you win $100 for every $110 dollars wagered. We will take a deep look at these bets later in the article.

How To Bet On Super Bowl LVIII – Top 10 Bookies

Ready to place your bet? If you are wondering where to bet on the Super Bowl LVIII, we have you covered. Here are 10 betting sites where you can place your bets on the Super Bowl.

1. BetOnline – The top site for football betting contests and early odds
2. MyBookie – Terrific betting site for Super Bowl contests and Super Bowl squares
3. BetNow – Sportsbook with a great reload bonus
4. Bovada – The top site for Super Bowl prop bets
5. BetUS – The best sportsbook for welcome bonuses
6. BUSR – Intuitive Props Builder feature, useful with bets on Super Bowl
7. Sportsbetting.ag – Accepts 16 different cryptocurrencies for your Super Bowl bets
8. XBet – The best site for updated odds and free predictions
9. Everygame – The top site for Super Bowl parlay options
10. Mega Dice – Easy-to-use Telegram sportsbook with a wide range of bet types

Where to Bet on the Super Bowl

Online sportsbooks continue to grow in popularity as the sports betting industry goes mainstream. There are several options available and choosing the proper sportsbook can be overwhelming. Rest assured, we have done the research to help you over the goal line.

Scroll for an in-depth look at our top sportsbooks to help you discover how to place a bet on the Super Bowl online.

1. BetOnline – The Top Site for Football Betting Contests and Early Odds

BetOnline is an experienced and reliable sportsbook that offers regular competitions and promotions. Its markets on the Super Bowl are absolutely huge and include a large number of prop bets and specials. BetOnline usually has its markets up before its competitors too.

In addition, BetOnline boasts one of the best live betting platforms of any sportsbook. So once the Super Bowl gets underway, users have a chance to place a huge variety of bets with some of the best odds on offer.

There’s a nice welcome bonus on offer to all new customers too. All you have to do is sign up and deposit using one of the 20+ banking methods including a large number of crypto and fiat options.

 

2. MyBookie – Terrific Betting Site for Super Bowl Contests

A sportsbook with a great reputation, MyBookie features many different ways to bet on the Super Bowl. You will find the usual wagering options along with many prop bets. Members will have the benefit of free analysis on the big game to help you make an educated decision too.

NFL fans will be able to enter the NFL Survivor Contest and for those wondering how to bet on Super Bowl squares, MyBookie will guide you through the process step-by-step. Furthermore, MyBookie offers mobile betting for an added layer of convenience.

The site has no shortage of deposit and withdrawal options. While many sites offer crypto deposit options, often the only crypto asset available is Bitcoin. However, with MyBookie, users can deposit via Ethereum, Litecoin, and Ripple.

 

3. BetNow – Sportsbook with a Great Reload Bonus

BetNow’s football odds are some of the most detailed when it comes to props betting on individual matches. Every single week in the NFL, each match will be analyzed by BetNow’s odds compilers, with markets available for each individual quarter and half of the match. You can bet on minute details to do with Super Bowl betting, whether that’s futures months in advance, or on the day of the big game itself.

Equally, even if you sign up to BetNow at a different time of the year to the Super Bowl, you do not have to worry when it comes to bonuses. Although you will have likely used up the welcome promotion, you can also get reload deposit matches on every single deposit you make into your BetNow account. As such, if you want some free bet bonuses to use on the Super Bowl, simply deposit that week and you will gain them.

 

4. Bovada – The Top Site for Super Bowl Prop Bets

Bovada is a trusted name in the industry with a smooth interface complemented by plenty of features and promos. When discovering how to bet on Super Bowl LVIII, you will find prop bets are a popular choice. Bovada is the leader when it comes to delivering users with a variety of prop bets. You will find up to 100 bets including several props such as total team points, team to score first, longest TD receptions, etc.

Furthermore, Bovada offers in-play betting, allowing users to place a wager once a game is underway. The site also features Bitcoin deposit bonuses. At Bovada, users will have the benefit of several deposit options including credit cards and bank wires.

 

5. Xbet – The Best Site for Competitive Odds and Free Predictions

For Americans looking to bet on the Super Bowl, Xbet is another reliable option. You will find competitive odds, attractive bonuses, and even a $10,000 NFL Survivor Contest. Free predictions are also available. The site prides itself on fast payouts and the three R’s: Reliability, Reputation, and Real fast payouts.

Xbet offers a solid incentive to new users. First deposits will be rewarded with a 50% bonus up to $500. In addition, Xbet will reward new users with a free $10 casino chip. At Xbet, members will be able to deposit/withdraw via credit cards, wire transfers, and Bitcoin.

 

Latest NFL News

Discover Our Top Betting Guides

The Different Ways to Bet on the Super Bowl

The world’s most attractive event has no shortage of betting options. Bettors can enjoy several creative bets to enhance their odds. Here are the most common Super Bowl bets available.

Super Bowl Point Spread

The point spread is one of the most common bet types when betting on the Super Bowl. You will often hear the phrase ‘cover the spread’. A point spread is the margin of victory a favorite is expected to beat the underdog. For example, if a team is factored by 4.5 points, they must win the game by five or more points to cover the spread. If they win by 4 or fewer points, the opponent has covered the spread.

When you see a minus sign assigned next to the team, that indicates the team is the favorite. The plus sign beside the team indicates they are the underdog.

Point spread betting is popular because it often has better odds assigned to the winner compared to selecting the overall winners of the game (moneyline). Most point spread odds will have odds ranging from -110 to -100 meaning a bettor will have to wager $110 or $100 to win $100 in profit.

Super Bowl Moneyline

The moneyline bet is straightforward as it simply involves picking the team you believe will win the game. It doesn’t matter if your team wins by just one point or 50 points. Keep in mind that moneyline bets do not pay nearly as much as point spread bets for the favorites, especially in football.

For example, if the The Chiefs were a -165 money line odds for the Super Bowl. This means you would need to bet $165 to win $100 in profit, or a $100 bet pays about $61 in total profit. The 49ers were a +145 moneyline. A $100 bet would return a profit of $145 in this case.

If the spread is low, i.e. -1.5 to -2.5, it is sometimes better to select the moneyline to avoid losing your bet by just one or two points despite the lower payout associated with the money line.

Super Bowl Over Under

The over-under is a wager on the combined score of both teams in a game. Odds makers set the total based on the offensive and defensive abilities of the combatants and bettors can decide if they believe the teams will combine for more or less of the set total. The over/under is one of the most popular bets since you don’t have to predict the winner or who will cover, just the total amount of points.

Let’s take a look at the total of the 2021 Super Bowl as an example. The over/under was set at 54.5. The Bucs and Chiefs scored a total of only 40 points, leading to the under being the successful bet.

Super Bowl Props

Bettors have several options when betting on Super Bowl props. When learning how to bet on Super Bowl LVIII, the betting options go well beyond the spread or total. Basically, a proposition bet (prop bet) is a betting market that is not correlated to the final result or total of the event. Prop bets gained popularity in previous Super Bowls and there are many creative props available. Prop bets have rewarding odds too, with the typical payout being -110.

If you’re learning how to bet Super Bowl props, we have you covered. Let’s take a look at some popular prop bets.

Team props

These props are directed at an individual team’s performance. A common team prop bet is the ‘team total’. Here a team is assigned a specific points total and bettors must wager whether they will score more or fewer points. For example, if the 49ers team total is 23.5, bettors can wager if they will score over or under 23.5 points.

Player Props

A player prop is similar to a team prop but is instead directed at an individual player’s performance. These can include player passing yards, receiving yards, or rushing yards. For example, if Patrick Mahomes total passing yards is set at 253+, bettors can wager on whether his passing total will be over or under this figure.

Exotic Prop Bets

Exotic prop bets are creative bets that don’t have any correlation to the actual game. Common Super Bowl props include the over/under on the length of the national anthem and the winner of the pregame coin toss.

Super Bowl Parlay

A parlay allows a bettor to combine several bets into one single bet. Here, all bets in the parlay need to be correct to receive the payout. The odds of each individual bet in the parlay are multiplied to determine the payout. Parlays are popular because bettors can reap a big reward for a small stake. Let’s take a look at an example of a Parlay from Super Bowl LV:

A bettor selects – 49ers +3 (-110)

– Under 54.5 (-110)

– Mahomes Passing total: Under 250 yards. (-110)

The three -110 odds are combined and result in +596. Therefore a $100 parlay bet would return $696 including the stake. Parlays can involve as few as two combined wagers while they can exceed 10 wagers.

Live Super Bowl Betting

Live betting can be a rewarding strategy as bettors can place their bets after the game has begun. A savvy bettor can benefit from better odds when placing live bets as they can react to the game as it unfolds.

Live Super Bowl betting includes several options including the over/under, team points, player totals, etc.

Super Bowl Futures Betting

A Super Bowl futures bet is as simple as it sounds. It is a bet made on the Super Bowl well in advance of the game. Super Bowl futures betting is often available shortly before the NFL season begins. The incentive is much higher odds compared to waiting until the conclusion of the NFL regular season or before the two Super Bowl opponents are determined.

For example, a bet on the Buffalo Bills to win the Super Bowl before the playoffs begin will feature higher odds than selecting the Bills to win the Super Bowl a few days before the big game.

Super Bowl Squares

There are many different ways to bet on the Super Bowl and squares is a popular betting method. Here, the format is organized into 10 horizontal and 10 vertical columns. This leaves 100 squares available for selection. Individuals can then buy any of the 100 squares. The more squares purchased, the greater the chances of winning.

Each square correlates to the second digit of a team’s points total. Winners are usually determined after each quarter. For example, if the score is 7-3 at halftime, the player who has row seven, column three is the winner. Usually, the player who selects the correct squares for the final score receives the highest payout.

Super Bowl Betting Strategies

When looking at angles to use for your Superbowl bets, one of the best strategies is to look at recent player stats.

Below you can see different stats for the Cheifs’ and 49ers major offensive players. These can help you to make solid choices when picking which wagers to place.

Research Advanced Stats

The new era of online sports data has propelled the birth of advanced stats and analytics. Advanced stats take metrics and projections to the next level. These stats help fans and bettors gain further insight into the ability of teams and players. Moreover, these stats can help determine the potential and future trends for teams and players alike. Here we explain the common advanced stats and how to bet on Super Bowl LVIII using these indicators.

DVOA: Defense-Adjusted Value Over Average: This metric analyzes every player and compares it to the NFL average based on the in-game situation and opponent. This stat gives a better picture of the quality of a team based on opponents and league average stats. If a team is losing early in a game and has a good DVOA rating, there is a decent chance they will rebound, or if they are winning, chances are they will hold on to the lead.

PFF Grades: The Pro Football Focus sites assign PFF grades to teams and players based on a scale of 1 to 100. The higher the grade, the better the team or player. If a cornerback has a 70 grade on PFF, it means they are effective in defending the pass.

Expected Points Added (EPA): This stat assigns a value of expected points for each play. Basically, this stat correlates how effective play is compared to the median. Factors such as play type, field position, and yardage gained on the play are included. This metric is primarily used for quarterbacks. Basically, the higher the EPA rating on a QB, the more effective or valuable that player is.

Review Historical Matchup Data

Reviewing past matchups can help a bettor when researching how to bet on Super Bowl LVIII. Reviewing previous meetings can help decipher how the teams stack up against each other. The insight gained can be valuable. Does a QB have trouble against a specific defense? Does a wide receiver struggle when matched up against the opponent’s cornerback? Also, reviewing previous box scores can help gain clues and predict the outcome when making bets for Super Bowl 2024.

Cash In On Increased Props Betting Options

Prop bets continue to gain popularity and the options at a bettor’s disposal present several opportunities to cash in when searching for different ways to bet on the Super Bowl. When betting on the Super Bowl online, bookmakers will offer first-quarter props and halftime props. Here a bettor can bet on who will have the lead after the opening quarter, halftime, etc.

Some teams commonly have slow starts in the first quarter before recovering while others have a strong start to the game and fade. You can use these trends to your advantage when making your bets for Super Bowl LVIII.

Identify Key Matchups

The NFL is a game of matchups. Identifying key matchups is essential when placing bets for Super Bowl 2024. Football offensive and defensive units are classified through passing offense and rushing offense versus the opposition’s pass defense and rush defense.

If a team with a stellar passing offense is up against a poor pass defense, then it is reasonable to expect the passing offense to thrive in that particular game. Another example would be if a particular running back struggles against the opponents’ rush defense then you can expect the RB to have trouble generating yards on the ground.

Track Individual Player Performances

Monitoring the recent performance of specific players can help bettors decide on how to bet on Super Bowl LVIII. Players go through streaks. There are periods when they are struggling to gain momentum or times when they are in a groove. For example, if the Chiefs’ WR Rashee Rice is struggling to find open field, there is a chance that the trend will continue in the Super Bowl.

Keep Track of Injuries

There are always going to be key injuries in football and the betting odds often fluctuate depending on significant injuries. This is important to consider. NFL teams will release injury reports throughout the week to keep fans informed.

For example, if the Buccaneers are favored to win but a key WR is injured, the spread could dip and favor the opponent. If the Chiefs’ a -3 favorite but WR Rashee Rice gets injured then the spread could potentially dip to -2 to reflect that particular injury.

Place Live Super Bowl Bets

The sportsbooks discussed on this page all feature live betting options. Once the Super Bowl is underway, users will have a multitude of live betting options. Intelligent bettors can take advantage of an unexpected opening quarter to the Super Bowl by placing a live bet.

Account for Referee Statistics

Monitoring trends based on specific referees can help bettors gain an advantage. Some refs have an inclination to call more penalties than others while some refs might be known to miss certain penalties such as holding, pass interference, etc.

Super Bowl Betting Mistakes

The Super Bowl has a ton of betting options and sometimes it can be information overload. It is important to do your research but do not over-analyze the numbers. When researching how to bet on Super Bowl LVIII, be sure to avoid the following common betting errors:

Don’t Bet Too Big

First, it can be tempting for a bettor to ‘go big’ when betting on the big game due to the hype. Professional bettors often go by the rule of thumb not to bet more than 1-3% of their account value on a game. However, this is relative to the dollar value of your account. If you have $100 in your account, then only betting $3 isn’t very rewarding. The 1-3% rule is applicable for those with very large balances in their betting accounts.

Betting Too Early/Late

The betting lines fluctuate greatly depending on a variety of factors including the amount of money flowing onto a certain team. For example, if The Chiefs are favored at -2.5, and the majority of the money is being placed on the 49ers at +2.5 points, often the spread will change by another one or two points.

In the above example, if you are selecting the Chiefs, taking the early line would have been useful. However, if you were interested in taking the underdog, waiting for the later lines would have been more beneficial.

Contradictory Prop Bets

Be careful on your primary bet in relation to any prop bets you might be considering. For example, if you have a team to win or cover the spread, it is not wise to select the under on their team total. Your primary bet should set the precedent for any prop bets. Another example would be if you have the 49ers to cover -3, it is wise to take the over on their team total, or over on Brock Purdy’s passing total.

Monitor the Juice

The juice is the amount of money the sportsbook receives for taking your bet. Basically, certain odds have higher juice associated with them, thus lowering your payout on a correct wager. This is especially crucial for prop bets. If a prop has about a 50/50 chance but has costly odds of -150, it might not be worth taking.

What Can We Learn From Past Super Bowls?

A bettor can make a better decision after researching trends from past Super Bowls. Has the over been a common trend for past Super Bowls, or are they often defensive battles? Does the team that scores first usually win? In this case, yes, the team scoring first in the Super Bowl often wins. Another key trend to research is how often the favorite covers the spread.

Also, if a player has played in previous Super Bowls it’s definitely useful to check out their stats history. For example, Patrick Mahomes already has a stellar record in the Super Bowl, and many bettors selected his team regardless of the opponent due to his Super Bowl stats.

How to Bet on the Super Bowl 58 Step-by-Step

The Super Bowl is the most attractive sporting event of the year and if you are a first-time bettor, we have you covered. Here is a guide on how to bet on Super Bowl LVIII.

Step 1: Select a Betting Site

We have done the research and listed some top sites regarding where to bet on the Super Bowl. You can’t go wrong with any of the sites listed on this page, but it is important to select a site that best suits your needs. Overall we rate BetOnline as the best Super Bowl betting site but if you are interested in prop bets, Bovada is ideal.

Step 2: Register for the Betting Site

Once you have chosen the site that best suits your needs, go ahead and sign up. It’s a quick and easy process to register. You will need to input details such as your name, address, phone number, etc. It is often a quick process taking no longer than 15 minutes. Keep in mind you will often need to confirm your identity with a drivers’ license or official ID.

Step 3: Fund Your Account

Deposit the funds to the betting site. You can deposit funds via credit cards on all the sites discussed on this page. Most also have crypto deposit options. Be sure to input the site’s promo code to receive the bonus cash to use towards your bets on Super Bowl LVIII.

Step 4: Place Your Super Bowl Bets

Once you are set up and have funded your account, it’s time to select your bets for Super Bowl LVIII. Be sure to thoroughly research all the betting options including the point spreads, totals, and prop bets. Note that odds will fluctuate ahead of the game so keep monitoring your favored bets to get the best value. This is especially the case for bets on the point spread and over/under.

How to Place Bets on the Super Bowl and Get the Best Odds

We recommend that you sign up and compare the best odds on the 10 sites listed on this page before making a wager. Each site has specific strengths and weaknesses. Some may have less juice on their points spread and over/under lines while others may have better odds on prop bets.

Large welcome bonuses are an attractive feature when signing up for any of the sites listed on this page. Ultimately, signing up on more than one site will give you access to several welcome bonuses, which can add up to some serious bonus cash. As mentioned, BetUS has the largest welcome bonus we have found.

Grab the Best Promo Codes with our Reviews

Comparing the Best Sites to Place a Super Bowl Bet

The sportsbooks listed on this page are all high quality and offer competitive odds. With that said, these sites compete with each other in an attempt to attract new users. Below is a chart outlining the key features to keep in mind when placing bets on Super Bowl LVIII.

Where is the Best Place to Bet on Super Bowl LVIII?

When all is said and done, the best place to bet on Super Bowl LVIII ultimately comes down to personal preference based on the factors discussed on this page.

There are many different ways to bet on the Super Bowl. You can’t make a bad choice based on the sites listed on this page, however, choosing the site that best suits your needs will enhance your betting experience. Some NFL fans prefer the most competitive odds, while others are interested in sportsbooks with an emphasis on parlay betting.

For Americans ready to make their bets on Super Bowl LVIII, BetOnline is a great choice. It has everything you will need when choosing bets for Super Bowl LVIII. The welcome bonus offers up to $1,000. Users will be further rewarded with an additional bonus when depositing via crypto. BetOnline has been in the game for a long time and for good reason as the site has unbeatable odds, several prop options, and a great overall user experience.

FAQs

How do Super Bowl betting squares work?

In Super Bowl squares, a 10 by 10 grid consisting of 100 squares is created. Both axes are labeled 0-9, with one axis representing the “home” team and the other the “away” team. Each number correlates to the final digit of each team’s score. Customers can buy squares from the grid. If you buy the square that has a 1 for the home team and a 9 for the away team, this means if the final score is any of these 21-19, 11–9, 31–9, 41–9, 21-29, etc, you would be a winner as the home team’s score ends in a 1 and the away team’s score ends in a 9 in each of these results.

How do I bet on the Super Bowl?

The first step is to select and sign up for a reputable online sportsbook. Any listed on this page is a good choice. Next, deposit funds into your account, making sure to take advantage of any welcome bonuses. Once you have funds in your account, take a look at the available bets and select the ones you want. Make sure to do your research first though. Finally, sit back, enjoy the game, and hopefully collect your winnings.

What is the best sportsbook for betting on the Super Bowl?

Currently we rate BetOnline and MyBookie as the best online sportsbooks for the Super Bowl overall. They both have excellent odds, deep markets, great promotions, and user-friendly websites.

How does Super Bowl betting work?

Essentially, Super Bowl betting works the same as any football betting. You have moneylines, spreads, over/under, props, and of course futures. You will often find a wider range of prop bets available for the Super Bowl compared to regular season games, and there are often some specialty bets available like Super Bowl squares too.