2021 Super Bowl Odds: NFL Betting Futures
It is the greatest single-day event in American sports: the Super Bowl. While it doesn’t have the same global reach of the World Cup in soccer or the Olympics, for Americans, it is the biggest individual game on the sporting landscape: the Super Bowl. And for bettors, the Super Bowl odds and game itself are the granddaddy of them all as about 26 million Americans bet on the Super Bowl per year with the 2020 figures showing nearly $7 billion in bets placed.
The Super Bowl is one of the most-watched events in America every year. The top-rated TV programs of all times are dominated by Super Bowl games from the past. A big part of the spectacle is not just the game but the pre-game shows, the National Anthem signing, the halftime show, the Super Bowl ads, the humongous list of Super Bowl betting odds that deal with props on all sorts of wacky things and, oh yea, the game itself. That’s what makes this such a glorious event.
In this article, we’re going to go over the different ways you can bet on the Super Bowl, give you some tips on how to do it and highlight the current and historical odds to win Super Bowl.
It’s so much easier to place your Super Bowl bets online than at an in-person sportsbook. Betting at an in-person sportsbook usually means you have to hop in your car, drive long distances and then place a bet, then come back after the game and cash that bet if you win.
Online betting is more convenient because you don’t have to drive anywhere and you don’t have to wait in a line. You can pick up your phone or hop on your laptop, place your bet and go watch the game.
The other thing is that you can shop around at various online sportsbooks and get the best price on either the spread/moneyline/total or betting props. You can even get into live betting, which most land-based sportsbooks make it really difficult to do. Online betting gives you more options and avenues for making the betting play you want.
The opening Super Bowl 2021 odds show that the defending champion Kansas City Chiefs are favored and the NFC champion San Francisco 49ers near the top. The same holds true for the Baltimore Ravens, who went 14-2 in the 2019 NFL regular season and finished with the best regular season record. All of those teams have returned their teams intact and have started out as the top three favorites to win the 2021 Super Bowl.
Here are the current odds to win the Super Bowl – Updated: 06/27/2020
|Win Super Bowl LV||BetOnline||Bovada||MyBookie|
|Kansas City Chiefs||+750||+750||+750|
|New Orleans Saints||+1200||+1200||+1200|
|San Francisco 49ers||+1200||+1200||+1200|
|Tampa Bay Buccaneers||+1200||+1200||+1200|
|Green Bay Packers||+2000||+2000||+2000|
|New England Patriots||+2500||+2500||+2500|
|Los Angeles Chargers||+5000||+5000||+5000|
|Los Angeles Rams||+6000||+6000||+6000|
|Las Vegas Raiders||+8000||+8000||+8000|
|New York Giants||+8000||+8000||+8000|
|New York Jets||+10000||+10000||+10000|
- Jun 1: After a little bit of back-and-forth, the Chiefs are now back in front as Super Bowl favorites. Saints maintain spot after Brees' ‘flag' comments.
- May 1: For the first time this offseason, the Kansas City Chiefs are no longer favorites to win Super Bowl LV as Baltimore moves into the favorite role at +700.
- Apr 27: The 2020 NFL Draft has come to a conclusion; Cowboys see biggest boost from +2800 to +1800.
- Apr 21: Gronkowski has come out of retirement to join Brady at the Buccaneers.
- Mar 30: Tom Brady officially signs a contract with the Buccaneers.
- Mar 18: Tom Brady says he will sign with the Buccaneers.
When it comes to betting on the Super Bowl, there are a whole host of different options. In this section, we’re going to go over all of the different types of bets available to you.
The moneyline bet involves a straight-up question of which team will win the game outright. The point spread is irrelevant in a moneyline bet. Just pick the winning team, and you win.
Going back to the Super Bowl, the Chiefs were favored on the moneyline and the betting odds looked like this:
Betting on the Chiefs in the moneyline with this price means that betting $130 could win $100. For the 49ers, it would have been the other way around as a $100 bet would have paid $110. This explains the difference between a plus sign and a minus sign in front of a number as a reflection of the betting price.
If a betting price has a plus sign in front of it, you can bet $100 to win that number of dollars. So, a +110 means that betting $100 could win $110. The minus sign attached to the Chiefs means that a $130 bet can win $100.
The point spread is a margin of victory. This means the favorite has to win by a certain margin or the underdog can lose within a certain margin to “cover” the spread. Let’s take a look at an example.
At the time of kickoff for Super Bowl LIV this past February in Miami, the Kansas City Chiefs were favored by 1.5 points. This is how the odds would have been posted relative to the point spread for the most recent Super Bowl:
49ers +1.5 -110
Chiefs -1.5 -110
The 49ers needed to either win the game or lose by only one point to cover the spread and cash in a San Francisco bet. That’s because they were +1.5, so they were receiving 1.5 points. On the other hand, the Chiefs were -1.5, which means they have to win by two or more points to cover the spread.
The Chiefs won by 11, so they covered. They would have covered if they won by two, seven or 20 as well. However, had the Chiefs won by exactly one point or had the 49ers won, San Francisco would have covered the spread.
The -110 means that betting $110 could win $100. If a betting price has a plus sign in front of it, you can bet $100 to win that number of dollars. So, a +110 means that betting $100 could win $110.
Totals focus on the combined score of the two teams playing. In other words, you don’t think about the winner or loser of the game. All that matters is the final combined score of the two temas.
The total for Super Bowl LIV at kickoff was 54 points. This is how it would have been represented:
San Francisco 49ers vs. Kansas City Chiefs
Over 54.5 (-110)
Under 54.5 (-110)
What this means is if the two teams combined to score 55 points or more, that would constitute an over. If they scored 54 points or less, that would be an under.
The game finished with 51 total points. If you felt the defenses would do well in this game, you would have bet the under, and you would have been right. You would have won. If you were expecting a shootout with a point total in the 60s or higher, you would have been wrong. You would have lost.
Futures pertain less to the actual game-day experience of the Super Bowl and apply more to the odds of winning a Super Bowl over the course of the NFL season. The odds of a team winning the Super Bowl will fluctuate from September to October to November and through the rest of the season. For example, you can bet on who’ll win the Super Bowl in the preseason or after a given week. The bad news is that your money is locked in for a long period of time but the good news is that your payout is generally quite large if you’re right.
Prop bets are a type of alternate bet that isn’t necessarily focused on who’ll win or lose the game. It’s mostly focused around player or team performance. An example of a prop bet on the Super Bowl might have been this:
Jimmy Garoppolo Passing Yards In Super Bowl LIV
Over 250: -110
Under 250: -110
It should have been clear, based on the playoffs and especially the NFC Championship Game, that the 49ers were a run-based team. They preferred to move the ball by running instead of passing. They had a physical offensive line which could control the line of scrimmage. San Francisco figured to use a game plan which did not depend on Jimmy Garoppolo to throw the ball down the field a lot. Studying this prop would have led you to the conclusion that the “under” was a much smarter evaluation of how many passing yards Jimmy G would throw for.
Super Bowl Squares
Super Bowl squares involve the point totals after quarters. If the point totals after a quarter end with a given number, and you have the square which matches that number, you win. Since football has specific point totals for various kinds of scores – 7 for a touchdown, 3 for a field goal – some squares obviously offer more of a chance than others: Squares with 3, 7, 0, and 4 are the most likely ones for the first quarter. It can get more complicated in future quarters, but certain totals do stand out.
Super Bowl Betting: Live Betting
If you’re not sure to bet before the game begins, live betting allows you to make in-game selections. That means you can watch the first quarter to see if one team is shaking off early-game nerves or pick up some patterns of play and judge which teams is ascendant. At that point, after watching some of the action, you can then make a bet.
One of the key reminders about the value of live betting is that you can hedge your bet made before the game. If you bet on the 49ers before the most recent Super Bowl, but you saw late in the third quarter that the Chiefs had a good chance to make a comeback, and you bet on the Chiefs in-game, you wiped out your losing 49ers bet. That’s what it means to hedge.
While the Super Bowl is just one game, there are many keys to handicapping it. Here are a few tips to get you off on the right track.
- Bet The Props – If you’re not sure who’s going to win the Superbowl, you have the option of betting props. The sportsbooks will post thousands of props that focus on player performance, team performance and many wild and wacky things in the entertainment realm. If you don’t know who’ll win the game, take a look at the props and see if you can find some value with a player over-under or something else that’s not directly linked to the outcome of the game.
- Use Live Betting To Your Advantage – The tricky part about handicapping the Vegas odds NFL Super Bowl is that it’s just one game. On top of that, it’s one of the most evenly matched games of the year as it’s a showdown between the best team from the AFC and the best team from the NFC. If you don’t have a read on who’ll win the game, consider live betting it. That means you can watch some of the game, watch some of the action play out and then make your decision.
- Shop Around For The Best Price – This is an easy one to do if you bet online. When you look at the Super Bowl odds vegas and the current Super Bowl odds online, you’ll often see slight discrepancies. Usually, the point spreads will be similar but a half-point can make the difference. Where you’ll see greater differences is with the props as different oddsmakers will price out the props slightly differently. Always make sure that you’re getting the best price. Opening up sportsbook accounts doesn’t cost you anything but it could save you money because you’ll be able to lock in the best line for yourself.
The next Super Bowl – Super Bowl LV – will be played in Tampa, Florida, and is scheduled for February of 2021. An interesting twist occurred in the TV rights arrangement for this Super Bowl. NBC broadcast Super Bowl LII in 2018. CBS had Super Bowl LIII in 2019. FOX just carried Super Bowl LIV in 2020. Therefore, NBC was in line to broadcast this next Super Bowl in 2021.
However, because NBC has the Winter Olympic Games in February of 2022, NBC decided to trade this game to CBS. NBC will televise Super Bowl LVI in February of 2022 so that it can heavily promote the Winter Olympics and deliver more value to its advertisers. CBS will get the Super Bowl in 2021, so that is where you can watch the Super Bowl on American television. You can stream at cbssports.com.
The 32-team NFL has a 12-team playoff setup. Six teams in each conference, AFC and NFC, compete for the conference championship and a spot in the Super Bowl. The top two teams in each conference get a first-round bye and host second-round playoff games. The four wild card teams play in the first round. The winners travel to the sites of the second-round playoff teams who earned first-round byes.
The second-round games, also referred to as divisional round games, create the two teams which will play in the conference championship games. The higher-seeded team hosts that game. The winners go to the Super Bowl, which is played at a pre-determined neutral site.
Under the new collective bargaining agreement, the NFL will soon move to a new format with 14 playoff teams, seven in each conference. Under that new format, there will be only one team with a first-round bye, not two. There will be six wild-card games instead of four on the first weekend of the playoffs.
This will place more of a premium on being the one team in each conference which gets that single bye, all while six other playoff teams play on the first weekend in the wild card round. This past season, the Baltimore Ravens and San Francisco 49ers would have gained the first-round bye.
The Super Bowl began in humble circumstances in January of 1967. It was called the “AFL-NFL World Championship Game” of professional football, and its initial edition in Los Angeles was played before a crowd at the Los Angeles Memorial Coliseum which was only two-thirds of capacity; there were at least 25,000 empty seats for the game between the AFL champion Kansas City Chiefs and the NFL champion Green Bay Packers.
The fact that the Packers, coached by Vince Lombardi, won that game led the NFL to create the Vince Lombardi Trophy. Lombardi and the Packers won the second AFL-NFL World Championship Game in 1968, and then, in 1969, the seeds of a tradition had been planted. The “Super Bowl” name was part of NBC television’s broadcast for the 1969 game between the New York Jets and the Baltimore Colts.
When the Jets, 18-point underdogs, scored one of the most massive upsets in sports history, the Super Bowl really began to take off. It steadily grew in stature and television exposure through the 1970s. In 1977, the movie “Black Sunday” involved a plot which included a recreation of Super Bowl X the year before in 1976.
The Super Bowl became a part of popular culture which in many ways exceeded the game itself. TV networks tried to launch new shows right after the Super Bowl. Commercials aired during the Super Bowl became national conversation pieces.
The Kansas City Chiefs have opened up as the favorites to win the 2021 Super Bowl. They opened at +650 to win Super Bowl LV.
The Super Bowl odds show that the Kansas City Chiefs are at +650, Baltimore Ravens at +700, San Francisco 49ers at +110, New Orleans Saints at +1500 and Tampa Bay Buccaneers at +1600.
The winner of the AFC and the winner of the NFC. At this point, it’s still to early in the season to know who those teams are.
The Chiefs have opened up at +650 to win Super Bowl LV. They opened as the favorites as their odds were shorter than any other team.
Yes, you can bet the Super Bowl online. All you need to do is open up a sportsbook account, deposit some funds and you’ll be able to place your bets. You can bet on the Super Bowl spread, moneyline, total, props and much more.