There are many big days on the sports betting calendar each year. There is the Kentucky Derby, first day of March Madness, the first Saturday of the College Football season, and the first Sunday of the NFL season. None of those days, however, compare to the Super Bowl.
There is a two-week buildup to the Super Bowl with every analyst, their mother, and their pet rock’s insurance agent sharing their opinion on the game. Meanwhile, people who are sure that they are right or want to have fun are planning to bet on the big game.
With so much interest and so many sportsbooks, these operators are competing for bettors. That is why you need to pick the best Super Bowl betting sites.
Below, I go over the best super bowl betting sites and what to look for.
Benefits of Online Betting for Super Bowl 2022
The biggest benefit that comes from betting on football is that it is a lot of fun. Football is a great sport and having a team to root for makes it that much better. When you have skin in the game, the football game that you are watching becomes much more compelling.
For betting online rather than betting in person, there are several benefits. The biggest one is the convenience, as you can bet at any time of the day and anywhere that sports betting is legal. Bets can be made in bed at 3:00 a.m., at your nephew’s school play, or you can even bet at the game itself.
Other benefits of betting on football online include access to promotions, a larger selection of bet types, and live streaming of games.
Best Super Bowl Betting Sites
One of the best and most popular Super Bowl betting sites is DraftKings. Started primarily as a daily fantasy sports site, DraftKings has a wide range of betting options available. While a typical NFL game will have hundreds of bets available, for the Super Bowl you could have almost a thousand betting options available on the DraftKings app.
In the past for the Super Bowl specifically, DraftKings has had intriguing sign-up offers. These have included doubling your money up to $50 if a touchdown is scored, profit boosts, or (+300) moneyline odds on either side. One way to keep track of what they are offering leading up to the big game is to bookmark this page and check back closer to the big game.
Outside of their Super Bowl promotions, DraftKings offers its new users up to a $1000 first-time deposit match. However, this deposit match offer is a little bit different than usual.
While most deposit bonuses result in getting your money right away, the DraftKings bonus requires that you bet first before you get your deposit bonus, known as a bet and get offer. For DraftKings, first time depositors get $1 added to their account balance for every $25 bet. While this means that new bettors must wager $25,000 to get their $1000 deposit match, over time this is easy to reach.
Without the deposit match promo, your expected loss on a $100 spread bet is $4.55. However, with the deposit match, your expected loss is only $0.55 for a lower house advantage than any form of gambling.
For the Superbowl specifically, you can bet on the coin toss, and typically at (-105) for both sides your expected loss on a $100 spread bet without the promo is $2.38. However, with the DraftKings deposit match, you can expect to gain $1.62 on the coin flip, as you are flipping a -2.38% edge to a +1.62% edge.
Like DraftKings, FanDuel is a popular sportsbook, but FanDuel has the biggest betting handle of all the regulated sportsbooks in the US. This means that more money is bet on sports with FanDuel than any other app.
FanDuel has arguably the largest selection of player props among legal sportsbooks, which is why it is one of my favorite apps for the Super Bowl. For the 2021 Super Bowl, FanDuel had live player props for the big game. Additionally, FanDuel has a well-designed user interface that makes the app enjoyable to use.
FanDuel has the most generous risk-free bet offer, as they offer a risk-free bet of up to $1000 for new users’ first bet. The way FanDuel’s risk-free bet works is that you can bet up to the maximum amount, and if your bet wins, you win a large amount of money.
However, if your bet loses, FanDuel credits your account in site credit as if you never made the losing bet. The only requirement is that you bet your initial risk-free bet amount on other bets.
Like DraftKings and FanDuel, BetMGM is a well-known company that is trying to be the most popular sports betting app. In the last year, BetMGM has increased its offering to its new and existing users.
The BetMGM app has great features such as being able to use the search bar in their menu to find the game that you are looking for. Additionally, they have an easy-to-navigate betting menu for each game.
For the Super Bowl specifically, BetMGM in the past has offered 100-1 odds on either team. This meant that for every dollar bet on your team in the Super Bowl, you would have received $100. Unfortunately, the most that you could have bet on this promo was only $1.
For a more lucrative sign-up offer, BetMGM offers a generous sign-up bonus in the form of a risk-free bet up to $600. The way a risk-free bet works is that you can bet up to the maximum amount, which in the case of BetMGM is up to $600. If your bet loses, you get your bet back in the form of a free bet. If your bet wins, you win a large sum of money.
This could be a bet on anything from the color of Gatorade dumped on the winning coach, the winner of the game, the result of the coin toss, the first touchdown of the game, and more. The only requirement for BetMGM’s risk-free offer is that you deposit at least $10.
BetRivers, in my opinion, is one of the more underrated sportsbooks, as they have a wide selection of bets including player props, game props, and more. Additionally, for minor sports, they offer live streaming of games.
BetRivers also has the best new user offer. What makes it the best is that it is the most generous with the easiest terms to understand.
If you are a new user, BetRivers will match 100% of your deposit up to $250 with the requirement that you only bet your initial deposit amount once on odds of (-200) or better. That means with $250, you can have a sports betting bankroll of $500 if you make $250 in sports bets on the BetRivers app.
A new player that I like among regulated sportsbooks is WynnBET. The sportsbook has arguably one of the best user interfaces, as games are easy to find, and very little space is taken up by information on their promos. Additionally, they offer some of the most customer-friendly odds among sportsbooks in my home state of New Jersey.
WynnBET’s welcome offer comes in the form of a risk-free bet up to $500, where losing bettors are compensated with a free bet equal to how much they lost in their first bet up to $500.
One unique feature offered on WynnBET is a parlay wheel. If you have enough site tokens, you can spin the parlay wheel on parlays and the prizes include odds boosts, bet insurance, and two free nights at the Wynn in Vegas. I have already won six free nights in Vegas since I started using the app.
If you live in a legal sports betting state, chances are you have seen the TV ad featuring Aaron Paul of Breaking Bad mentioning that bet365 is the world’s most popular sportsbook. Not only is he right about bet365, but the site also has a great sign-up offer.
In the past, bet365 has not had a Super Bowl specific sign-up offer, but their general sign-up offer is generous.
Specifically for the Super Bowl in 2021 bet365 had live player props on the big game. I could bet on passing yards for each quarterback, rushing yards for each running back, and next touchdown scorer during the game.
PointsBet, as an Australian Sportsbook, is a relative newcomer to the American market. As a result of their lack of brand recognition in comparison to more well-known competitors, PointsBet has a generous sign-up offer.
Depending on your state, PointsBet could give you up to $2000 in risk-free bets. As a rule, PointsBet gives customers at least a maximum of $500 for a risk-free bet.
How To Pick the Best Super Bowl Betting Sites
One of the most important things to look for in an NFL betting app is an appealing user interface. The key to finding a good interface is making sure that the app does not have frequent technical issues. Nothing is worse than being unable to log into your app before kickoff or being unable to find the bet type that you are looking for.
Odds are (no pun intended) that in the long run, you will not be a winning NFL bettor. However, as an NFL bettor, you want to have the best chance of winning or at least limiting your losses. The best way to win is to have the best odds available for betting.
If you are betting $100 weekly on a (-105) line as opposed to a (-110) line, you should only expect to lose $85.86 over the course of a full season as opposed to $171.72.
Based on the odds not being in your favor, as a recreational sports bettor you should look for the best promotions when picking a sportsbook. In the past, PointsBet has offered (+100) lines on NFL spreads during select time periods, meaning that your expected loss on those spreads is $0.
Other sites offer odds boosts on specific events, or sites like BetRivers will give you custom odds boosts that you can use on any bet of your choosing. The key is picking a site that offers Super Bowl promotions that are favorable to the bettor rather than the sportsbook.
Just like when you go to a casino and they give you free rooms if you play long enough, sports betting sites give away bonuses just for signing up. These bonuses can range from free bets, matched free bets, matched deposit bonuses, and risk-free bets.
Many sportsbooks offer hundreds of different betting options on each NFL game because their customers love it. For the Super Bowl, sportsbooks tend to offer thousands of bets. As a bettor, you do not have to just bet on the moneyline, spread, or point total.
You can also bet on a player’s stats, which team scores first, the number of field goals, as well as plenty of other proposition bets. One of your biggest advantages as a sports bettor is that you do not have to bet on everything, but sportsbooks must offer a line on virtually everything.
Best Super Bowl Bets You Can Make
There are thousands of bets available on the Super Bowl. However, most of them are hard to beat.
For bets like the color of Gatorade dumped on the winning coach, the sportsbook has a larger edge on those bets than traditional wagers like the moneyline and spread. Additionally, the popular wagers like spread, totals, and money lines are hard to beat because it is a liquid market with people betting millions of dollars on a side.
Here are my recommendations on what you should bet for the Super Bowl.
Player Prop Unders
You can bet on a player’s Super Bowl stats in the form of a player prop wager. I like to focus on player props with an over/under, such as the amount of passing or rushing yards a player has.
Strategically, I believe unders are the best bet because bettors like to root for players, rather than root against them. Players can get injured in the game, or they could just underperform.
If you know nothing about the Super Bowl, your best bet is to bet on the coin flip. Even though spreads are designed to be a coin clip, the literal coin flip to start the game has the lowest house advantage of all Super Bowl bets as both sides typically have (-105) odds or better.
Betting on if there will be a two-point conversion, safety, or the number of field goals is a fun wager that is possible to win if you do your homework.
For example, if you determine that one team is likely to struggle in the red zone, betting their over on total field goals might be a better angle than betting on the under.
Live Betting on the Super Bowl
With legal mobile sports betting, you can bet at your fingertips during the game. With changing odds and many options, here is what you should keep in mind:
Sportsbooks have quicker data feeds than TV and as a result they know what happens slightly before you do. That is why I like to place my live bets only during commercial breaks or at halftime.
You want to determine what each team’s strategy is during the game. If a team is ahead in the Super Bowl and it’s the fourth quarter, they probably want to run the ball.
This may mean that the under is a good bet as each running play completed in bounds keeps the clock running.
If a team is behind and they have a good passing game, you might want to bet on that team as they have the right strategy for claiming the lead.
Watch out for injuries in the game, sometimes live betting models don’t properly price betting markets based on in-game injuries.
Betting Site Offers During the Super Bowl
These are the types of Super Bowl betting bonuses you should look out for when the time comes:
No Deposit Bonus/Free Bet
As a sports bettor, I have not seen many no-deposit bonus offers, but obviously, they are beneficial to the bettor. In exchange for signing up for a sportsbook account, the app will give you a free bet without the requirement of making a deposit.
Theoretically, this is good for the bettor, but the problem is that the no-deposit bonuses are tiny. Typically, the no-deposit bonus is only for a $25 free bet, and that is why usually no-deposit bonuses are offered in addition to other sign-up bonuses that are much better for the bettor in terms of the size of the bonus.
First-Time Deposit Bonus
Deposit bonuses are common and easy to understand. As a bonus, you make a deposit and a percentage of it is matched. It could be like BetRivers, where you get a 100% deposit bonus up to $250 with the only requirements that you play through it once at odds of at least (-200).
Or, it could be another site where less than 100% of your deposit is matched and there is a playthrough requirement of up to six times your deposit.
Risk-free bets are the most common welcome offer on Super Bowl betting sites. While risk-free bets are good for the customer, in my opinion, their name is misleading as it sounds as they are risk-reduced bets rather than completely risk-free.
The way a risk-free bet works is that up to a certain amount, usually at least $100 and up to $1000, if your first bet loses you are rewarded with credit. Typically, that credit is rewarded in the form of one single free bet, which cannot be broken up.
If that free bet loses, then you lose your whole risk-free bet. That is why I prefer to use the term risk reduced as it is reducing the risk of your bet but not eliminating it.
Bet & Get
Bet and get bonus offers are great as the terms are as simple as the name. If you make a bet, you get a bonus at a football betting site. For the Super Bowl, specialized bet and get offers are more common than usual.
One negative toward bet and get offers is that $200 in free bets is different from $200 in a deposit bonus. This is because typically, with a $200 bonus, you get your stake back in addition to your winnings, whereas for $200 in free bets, you only get your winnings but not your stake.
For example, if you bet on a (+100) money line with a $200 bonus, you would get $400 if your bet wins — your stake plus your winnings. However, if you did the same with a $200 free bet or free credit, you would only get $200 in winnings but only if your bet wins.
For the Super Bowl specifically, if you have a bet and get offer (such as betting $1 and getting $200 if a point is scored) it is a great way to build your bankroll with virtually no money.
Where Can I Legally Bet on the Super Bowl Online?
Current Legal Online Betting Locations
- Montana (in-person online)
- New Hampshire
- New Jersey
- Rhode Island
- Washington D.C.
- West Virginia
Future Legal Online Betting States
- New York
Why You Should Avoid Illegal Betting Sites During the Super Bowl
Lack of Reliable Banking Options
The best reason to steer clear of illegal betting sites is that it is hard to deposit money and even harder to withdraw.
Due to banking regulations, banks cannot accept money from offshore gaming sites. As a result, bettors must rely on cryptocurrency transactions or getting charged exorbitant fees for using a credit card.
In addition to having a tough time depositing money, it is even harder to withdraw money. Illegal betting sites often have burdensome rollover requirements for bonuses, and they do not always timely process withdrawal requests.
Additionally, if you receive cryptocurrency as payment, you run the risk of losing money just by holding your money due to the volatility of crypto markets.
Lack of Trust
One benefit of regulated sportsbooks is that they must answer to regulatory bodies to keep their license. If one of the DC mobile sportsbooks stiffs you on payment, you can file a complaint. If an offshore sportsbook stiffs you on payment, then you have no legal recourse.
Poor User Interface
Illegal betting sites often have a poor user interface due to the amount of investment a strong interface requires. As a result, illegal betting sites typically do not offer mobile betting apps and as a result, you must navigate a webpage that could have a confusing labyrinth of options.
How Many People Bet on the Super Bowl Each Year?
According to the American Gaming Association, 26 million Americans wager on the Super Bowl each year. In states with legal sports betting, $486 million was bet on the Super Bowl in 2021.
When you add in money that was bet offshore or with neighborhood bookies, $4.3 billion is bet on the Super Bowl annually.
Choose More Than One Super Bowl Betting Site
The best thing that any football bettor can do to limit the sportsbook’s advantage is to use multiple betting apps. Different sites offer different betting odds and as a result, you can get the best price by shopping around for the best odds.
For example, on Sunday, January 3, 2021, the Indianapolis Colts were heavily favored against the Jacksonville Jaguars.
On PointsBet, The Colts were favored by 15.5 points, while on BetMGM, the Colts were favored by only 14 points. The final score was Jaguars 14, Colts 28.
If you had bet on Indianapolis on PointsBet, then you would have lost. However, if you bet on Indy on BetMGM, then you would have gotten your bet back in a push.
2022 Super Bowl Squares Betting
Another popular game people like to play for the Big Game is Super Bowl Squares. In this type of game, those who join are given a random number 0-9 on the X and Y-axis of a 100-box table. The X-axis represents one team in the Super Bowl, and the Y-axis represents the other team.
The winners are decided at the end of the 1st quarter, halftime, 3rd quarter, and the score at the end of the game. The winner is determined by looking at the second digit of each of the team’s scores.