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How are Super Bowl Odds Calculated?

How are Super Bowl Odds Calculated
How are Super Bowl Odds Calculated

The Super Bowl is one of the most important sports betting events in North America. Viewers can bet at sportsbooks and easily calculate super bowl odds all year round. However, a whole new world of betting opportunities comes into being once the players have been established.

Hundreds of millions of people will be watching Super Bowl LVI, which is taking place in Inglewood, California in 2022. Many of them will have a material interest in the outcome. Here’s some information about calculating Super Bowl odds.

Point Spread and Moneyline

With American odds, there is a plus or minus sign before a bet’s payout line. A moneyline bet differs from this in that the bettor is tasked with choosing the winner. In a point spread bet, there is typically far less variation of the favorite and underdog odds compared to a moneyline bet.

While 2022 Super Bowl odds will vary from one bookmaker to the next to some extent, the moneyline and point spread styles of betting are the most common options. They are not the only ones, though. There are also over/under (totals) bets, where the bettor must decide on the final score (i.e., below or above a certain line).  

Parlays

These are a popular and exciting option, which combines several bets on one ticket. With each added bet, the payout odds rise. The bets are also known as legs here. All legs have to win to get a payout on a parlay. Even a single losing leg will invalidate the whole parlay.

For the last Super Bowl, franchises like BetMGM and FanDuel provided parlay insurance, where people could get refunds if a single leg lost. It’s likely that the next Super Bowl will have this option.

Top Contenders

The Tampa Bay Buccaneers, who won last time, are a serious candidate again. Following an unexpected loss to the Jags, the Bills are another favorite. The Kansas City Chiefs are the underdog, showing little promise this season.

Other serious contenders include the Cleveland Browns, the Tennessee Titans, and the Las Vegas Raiders.

Poor Choices

These include the New York Giants, the Jacksonville Jaguars, and Houston Texans. The Minnesota Vikings, San Francisco 49ers, and Atlanta Falcons are in the so-called Long Shot category.

The last NFL season was full of surprises, the biggest one being the Arizona Cardinals’ victory by many accounts. With players like A.J. Green and DeAndre Hopkins sitting out, nobody expected much from them. When they were joined on the bench by Chase Edmonds, viewers expected even less. However, they recovered as James Conner and Colt McCoy came to the rescue.

A lot can change until February next year, so this outlook might not be relevant then. Quite a few teams could rise to prominence or suffer a fall with so many games left to play before the end of the regular season.

Super Bowl 2022 Favorites

Your sportsbook of choice will have all the odds you need – totals, point spreads, moneyline, or futures – regardless of whether you want to bet on the winner of the next game or the ultimate winner of the Super Bowl. This week, the Tampa Bay Buccaneers could attempt to recover from their recent and unexpected loss to the Saints.

While the loss to the Titans didn’t help the Rams, fans of the L.A. team are hoping this kind of play hasn’t become the new standard.

Conclusion

As with all gambling, the outcome of a sports bet can be entirely determined by chance. What’s more, there are all kinds of influences on a team. Factors like team discipline count too. Here’s to your favorite team in 2022!

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