The NFL is the best betting season of all. Excitement is all around. Markets are opening left and right, money is flying, and the number of bets is sky-high. You know the drill.
Even better, with the plethora of legal online sportsbooks there are now, this is the best time to bet on football.
This is for football season. Now multiply it by a thousand, because when it comes to the Super Bowl, it’s madness.
The Super Bowl is the biggest sporting event of the year. It’s the time where people go all-in. There are a lot of different bets the public can take. Let’s go over a few examples:
A moneyline bet is wagering on the outright winner of the Super Bowl. Pick the correct winner of the soon-to-be NFL champion, and get paid.
For instance, the last Super Bowl saw these odds:
These lines tell us what you need to risk to get a $100 profit on the favorite. Conversely, they tell us how much you’ll be winning in a $100 bet on the underdog.
In this case, it’s the Chiefs who are favored. You have to risk $165 to win $100 in return. The Buccaneers bettors, as underdogs, win $145 for every $100 bet.
The point spread is how the oddsmakers level the playing field between both teams. For the last Super Bowl, the point spread looked like this:
Before the Big Game, bookmakers saw the Chiefs as a three-point favorite. This meant KC needed to win the game by more than three points. The Tampa Bay bettors hoped for the Bucs to win the game outright, or lose by less than three.
The Super Bowl is the best place to get wild on propositions. You can bet anything. From the anthem length to the Gatorade color the HC will be showered on.
Prop bets make the bettors go outside the realm of possibilities that a Super Bowl game entails. It means bettors rely on external happenings other than the game’s result.
For instance, a prop bet could look like this:
Team to get the first penalty in the game
As you can see, the outcome is irrelevant. We are talking about a flag—a simple mistake from one team—and the bet closes.
Football squares are a different way of Super Bowl betting. And also to win some bucks in the process. Here’s how you bet on squares:
Create A Betting Pool
It’s easier to play it locally. Whether it’s your home, at a local bar, or your office, get a Super Bowl betting template and a football square pool. You can print the football square template here.
Football squares are available for other games, but they are used in the Super Bowl.
The host will set the price of each square and the max amount of spots you can buy.
Understand How Super Bowl Squares Work
Super Bowl squares work on a 10-by-10 board, with 100 individual boxes.
One team has a column assigned with random numbers from 0 to 9, while the other team gets a row with the same number range.
Buy Your Football Squares
This is up to you. Decide how many squares you want to buy. The host sets the price for each square. This amount is set by the guests and how much they’re willing to play.
The numbers are drawn randomly, and then the host will assign them to each of the squares. It’s usually made using a random number generator. You can do it in person with an old-fashioned paper raffle.
Figure Out The Winners
The squares’ winner is determined by the last number of each team’s score. There are also Super Bowl pools for the first, second, third, and fourth quarter.
Remember the number that matters is the last one for each of the teams playing in the Super Bowl.
The most used version of the game is explained above. However, the more chances to cash, the better the game, right?
The most common addition to the standard square games is winning on “touching” the squares. This means the cells that are side-by-side to the winning square—horizontal and vertical touches also get the win.
You need to have one of the two winning numbers to have a touching square. The prize is less than the winning square for the quarter. Sometimes, it can get the entry fee back, so why not try?
The touching squares still can occur if the winning square is on the edge of the board.
Many larger dollar prize pools will change each person’s winning numbers each quarter. While it makes it more interesting, it prevents one person from winning many times in a scoreless period.
Some pools where the numbers are distinct as the game goes on will also add a “Halftime” or “Final” winning chance. The winning combination of numbers will be the same for both the second quarter and halftime. What changes is the payout?
The halftime and final winner always get a higher payout than the second quarter and fourth quarter. For pools like this one, the “Final” scoreboard gets the grand prize.
Another prize to add is hitting the “reverse” score. This can be utilized for both the standard and multi-number pools. This only comes into play for the final score, but can be used at any time.
The reverse score is pretty literal. For instance, the final score of the last Super Bowl was Tampa Bay 31, Kansas City 9. In that case, TB -1 and KC -9 take the grand prize. The reverse score of TB -9/ KC -1 also wins.
Remember to be sure about the regulations by checking with the pool organizer for the rules.
Squares are popular in college basketball and have been getting attention. Especially when the National Championship game time comes.
The winners are usually exclusive to halftime and final score. Some NCAA championship final pools will pay you for the score combined after every minute of the game. Yes, per every 60 seconds.
In the end, it’s a great way to make the finals extra spicy, fun, and of course, make you richer if you get lucky. The good thing about this is you can make money even if your team loses.
The Super Bowl is the biggest game of the year. Many think that because of this, they have to risk a lot. You don’t. For bettors, it’s another game, and you should treat it as such.
You need to do research on each team. Then, decide whether to bet on moneylines, point spread, totals, or prop bets.
Bet on the straight-up winner of the Super Bowl. The final result is irrelevant as long as you pick the winner, you win the bet.
The favorite team will have a minus (-) sign before the odds’ number. This equals the amount of money the bettor needs to risk to win $100. The underdog has a plus (+) sign prior to the odd. Here, the number translates to the profit the bettor will have when placing a $100 bet.
The last Super Bowl moneylines were as follow:
This means the Chiefs were the favorites. You needed to risk $165 to win $100 with them. As you now know, the Bucs won the game, which implies every Tampa Bay bettor who bet $100, won $145 after the game.
The point spread is a handicap to the favorite. It “forces” the favored team to win by a number of points to cover the spread, and win the bet. The underdog then gets a higher margin, as they can win the game outright or lose by less than the spread and win the bet.
For the Super Bowl LV, it was like this:
The Chiefs were favored to win by three points. To win the bet with KC, you needed them to win the game by four or more.
If the bet was on the Bucs, you won with Tampa Bay if they won the game or lost it by less than three points.
A prop bet is a wager placed on an event that has no direct relation to the outcome of the game. For example, you bet on how many yards a player will get.
Or you can bet on which song will be played first on the halftime show. These usually come attached to a moneyline.
The Squares Challenge is popular in the Super Bowl and other big events. However, it’s more of an in-place activity. You can find a Squares Challenge template in plenty of sportsbooks online.