Super Bowl 57 Betting Guide: Spread, Moneyline, Props, and More!

NOTE: Throughout this Super Bowl betting guide, we refer to betting odds at various online sportsbooks. In all cases, these lines are subject to change at any time. For the most up-to-date odds, please follow the links we provide to the websites of reputable bookmakers where you can observe the betting lines in real time.

Yes, it's that time of year again. As Americans celebrate the accomplishments of dead presidents and sweethearts make their Valentine's plans, sports bettors are preparing their bankrolls for the largest wagering event of the year: The Super Bowl. This year's contest sees the Kansas City Chiefs meet the Philadelphia Eagles at State Farm Stadium in Glendale, Arizona, just outside Phoenix.

Official kickoff time is 4:30 p.m. MST (6:30 p.m. EST) on Sunday, Feb. 12. This means that there's plenty of time to learn how to bet on the Super Bowl before the game begins. We here at Professional Rakeback typically confine our real money wagering to online poker sites, but even we were tempted by the massive action surrounding the Big Game to compose this Super Bowl betting guide.

Whether you're a poker player who's just dabbling in sports betting or a complete novice to online gaming, don't worry. In this thorough Super Bowl LVII betting guide, we'll show you how to read the odds and how to place a bet on the Super Bowl at a highly trusted online sportsbook. We'll explain the moneyline, spread betting, props, and the many other kinds of bets that are available for you to put your money on.

The Best Online Bookies for Super Bowl Betting

If you already know more or less what you want to bet on, then allow us to cut right to the chase and present you with a list of reputable online sportsbooks. When you bet with these firms, you can be assured of fast payouts, fair wager grading, and mostly competitive lines.

If you'd like more information on these operators, then we have prepared a thorough guide to the best online sportsbooks for USA bettors. Otherwise, keep reading to find out how to bet on Super Bowl 2023.

Understanding the Super Bowl Betting Odds

Before you can bet on the outcomes you wish to see, you have to understand how the betting odds work. Fortunately, this is pretty straightforward.

When you open the betting menu at the sportsbook of your choice and browse through the markets on offer, you'll see a bunch of possible wagers displayed something like the following:

Who will win the contest?

Team 1: +120
Team 2: -110

The option(s) with the plus sign “+” next to the betting odds indicate that you stand to win the amount shown for every $100 you bet. On the other hand, if you select a side of the wager with a minus sign “-”, you will have to bet the amount displayed in order to win $100.

In the given example, everyone who wagers on Team 1 will obtain profits of $120 for every $100 they've bet if Team 1 actually wins. Conversely, punters who select Team 2 will win $100 for every $110 they've bet in the event that Team 2 prevails.

Of course, you're not required to bet exactly $100. The same odds apply whatever the amount you choose to wager; you just have to multiply or divide them accordingly. If you elect to bet just $50 on Team 1 using the above odds, then you'll stand to win $60. If you bet $200, then you could win $240.

Minimum bets are usually just $1 and sometimes lower. Maximums vary a lot from book to book but tend run into the thousands of dollars for an important event like the Super Bowl.

This system holds true whether we're talking about teams, individuals, yes/no outcomes, or some other element or event occurring. Sometimes, you'll see more than two possible selections for a betting market listed, but they will still follow the general format outlined above.

Basic Super Bowl Bets

Though there are hundreds of possible bets you can make on the Big Game, there are a few that are pretty much standardized and present at virtually every bookmaking site. Let's take a look at the basic Super Bowl odds at our #1 recommended online sportsbook, Sportsbetting.ag:

Here you can see the two teams listed each on separate rows along with a Rot #, which is basically just a number assigned to help the sportsbook distinguish the various competitors in different contests across all sports and games. The types of bets are shown at the top of each column, e.g., “Spread“ and “Money Line.” The odds corresponding to each team and type of wager are shown in the appropriate cell of the table.

Money Line

The simplest type of bet to understand, the Money Line allows you to predict which team will be the victor. The odds displayed for Kansas City are +$100, which means it's truly an even-money bet: wager $100 to win $100. Should you prefer Philadelphia at -120, then you would have to bet $120 in order to win $100.

Philadelphia is the favorite, which is why you need to bet more to win less. Kansas City, by contrast, is the underdog, and most industry pundits put their chances of winning at less than 50%. If the odds were truly fair, with no commission taken for the house, then you would expect to win more than $1 for each $1 bet on K.C.

However, the bookmakers are in the game for profit, not for charitable reasons. Therefore, there's a small percentage or “vigorish” (also called “vig”) baked into the lines that goes to the house. This is why the underdog in this case pays out only even money.

Spread Betting

Another type of bet you can make involves the spread. This is a device that attempts to equalize the chances of the underdog and the favorite for a more balanced betting experience. It's kind of similar to the handicap in golf.

The spread is an amount by which the favorite has to win in order for bets on that team to pay off. Conversely, bets on the underdog pay off if the team either wins or lose by less than the spread.

The spread from SB.ag is shown as “+1½” on the Chiefs and “-1½” on the Eagles who hail from Pennsylvania. Therefore, the Philadelphia Eagles must win by at least 1.5 points for spread bets on them to pay. The Kansas City Chiefs, who call Missouri home, can either win outright or lose by less than 1.5 points for their bettors to win.

The odds on both sides of this spread are -110, meaning you must bet $110 to have a chance at winning $100. This is not unusual because the entire purpose of the spread in the first place is to make a more equalized set of odds for the two teams.

Here, we can exactly calculate the vigorish, or house edge, easily because the odds are the same on both sides. Two wagers on opposite sides of this line for $110 apiece would bring in $220 to the house of which $210 would be paid out to the winner ($110 stake back plus $100 in winnings). Therefore, the bookmaker would retain $10 in revenue ($220 - $210). The vig on either side of this spread is ($10/$210) = 4.76%.

Total

If you don't particularly favor either team, then you can still put your action down on the final total score of the game. In the odds quoted above, we see that you can bet on “Ov 51,” or over 51 points, or “Un 51,” under 51 points. The final scores of both teams are added together to determine the total points in the Super Bowl.

The odds for both the over and the under are -110. Therefore, you have to bet $110 in order to collect $100 in winnings should your prediction be correct.

You can see under the “Team Points” column that it's also possible to bet the over or under for each team separately. The odds on these selections, though, are not all the same.

Other Bets

The three types of wagers we have discussed above are by no means an exhaustive list. By clicking on the “+” to the right of these betting lines, you can open up a menu with additional wagering possibilities. For most games, there may be a dozen or so additional bets you can make, but for an event of the magnitude of the Super Bowl, you will find hundreds of markets to bet on!

Some of these extra betting options are related to or somehow reminiscent of the wagers we have already covered. For instance, you can bet on the total points for each quarter or at half time. Other bets involve guessing which team will be ahead at certain points in the game.

Still other bets deal with more specific actions on the field. For example, you can bet on how many touchdowns will be scored, the number of passing yards completed by a quarterback, and which team will score the longest field goal.

Live Betting

After you've finished placing your wagers before the Super Bowl begins, you may be looking forward to relaxing and watching the game. However, there's another course of action available to you.

Each of the online sportsbooks we bet at allows you to also make wagers after the game has already started. Such “live” or “in-play” betting features quick-moving lines and wagers that are only available for a short period of time. Examples of these bets include the team to score next, whether the next play will make a first down, who will score the next touchdown, et cetera. Making in-play wagers can really enhance your excitement as you watch the action unfold.

Props

Props, short for “proposition bets,” are very narrowly defined or unusual bets often pertaining to the performance of a specific athlete or circumstances surrounding the game rather than any of the actual on-field action.

At most internet sportsbooks, you can wager on the result of the pre-game coin toss, the quarter during which the first field goal will be scored, the number of turnovers in the game, and many other eventualities.

For your entertainment, we have perused the offerings at our trusted sportsbook partners to find the most interesting, fun, and bizarre props available for Super Bowl LVII.

Sportsbetting.ag

Pop and fashion icon Rihanna has been announced as the Super Bowl halftime performer, and Sportsbetting has a few props related to her appearance…more specifically, what parts of her body will appear:

It looks like the oddsmaker believes that the Barbadian songstress will not be shy about exposing her butt cheeks and cleavage but will stop well short of the mark set by Janet Jackson in the infamous 2004 “nipplegate” incident. If you disagree, though, you can win eight times your wager.

BetOnline is the sister site of Sportsbetting, and it has all the same Rihanna props and other bets too.

Pop Diva Rihanna Is Scheduled to Perform at Halftime During Super Bowl 57

Bovada

The linesmakers at Bovada are known for their very creative and amusing props, but we think they've jumped off into the deep end with this one for Super Bowl 57:

This is such a specific prop, involving the participation of a single named celebrity, an arrival by means of parachute, and a delivery of the game ball to the referees by hand. We think even two of these three things would be a huge underdog to actually occur and all three of them taking place as described in this bet is basically impossible.

You could win 25x your bet, or $2,500 on a wager of $100. Still, we think that this is a sucker's bet at this price. Yet, betting on the “no” would see you need to put up a whopping $15,000 for the opportunity to win $100: not exactly a big moneymaker even if you bet the maximum

Everygame

Among the extensive menu of Super Bowl props at Everygame are a few that are listed in their own category of “NFL Cross Sport Props.” This category consists solely of three markets, each of which involves a Super Bowl outcome combined with an Oscars outcome:

What the Oscars and Super Bowl have in common, besides happening on the same day in 2023, is beyond us. Still, we must concede that Everygame has chosen a compelling mix of results to tie together in these props, and the pricing seems about right on all of them.

Nitrobetting

As one of the premier Bitcoin bookmakers online, Nitrobetting is certainly no stranger to the world of crypto-currency. For this reason, we weren't entirely surprised to see the following bet being offered:

The Dogecoin price has been hovering around $0.09 per coin, veering sometimes higher and sometimes lower. Thus, if you think more than 9 points will be scored in the first quarter of the Super Bowl, you can take the over; otherwise, the under is the play. Both of them pay out at a rate of $100 for every $116 you bet.

More Information About Betting on Sports

We've gone over some of the basic and more obscure bets that are possible on Super Bowl LVII as well as briefly touching upon the best sportsbooks for Americans. If you would like to know more about sports betting before signing up, then you can check out this page that's devoted to all things related to online sports betting in the USA.

How to Bet on the Super Bowl Online FAQ

If you still have any questions about how to bet on Super Bowl LVII, then look below. We have compiled a FAQ on this topic to give you a better understanding of it.