The Super Bowl is one of Canada’s biggest sports betting events. From Gatorade props to the moneyline, Super Bowl betting odds are analysed by fans all over the country.
With a two-week gap between the AFC and NFC Championship Games and the Super Bowl, bettors have longer than usual to evaluate the betting markets.
Super Bowl Betting Canada: The Ultimate Guide
Bettors must ensure they are sufficiently informed before wagering on the Super Bowl. This means an understanding of the markets and the trends that can influence Super Bowl odds.
Many markets will be familiar to people with experience wagering on the NFL, but there are some specific markets that bettors might not be familiar with.
Super Bowl Moneyline
A moneyline bet is the most straightforward way to wager on the Super Bowl. It is simply a bet on which team will win the game.
The favoured team will have shorter odds than the underdog. For example, the Seattle Seahawks might be clear Super Bowl favourites over the New England Patriots.
Seattle could be -238 on the moneyline. A $10 wager on Seattle would have potential winnings of $4.20.
Super Bowl Point Spread
Point spreads are a means to handicap the favoured team. In this Super Bowl 60 example, Seattle’s football odds opened at -4.5 points.
A wager on Seattle -4.5 would only pay out if they won the game by five or more points.
On the other side of the spread, the Patriots are +4.5. A bet on the Patriots +4.5 would win if the Patriots won the game or lost by four points or fewer.
Alterate Point Spreads
Alternate spreads are also available at BetMGM. This enables bettors to take a different spread.
For instance, the Seahawks +2.5 would have considerably shorter odds than -4.5, but this would give some insurance against a narrow loss for Seattle.
Super Bowl Total
The Super Bowl total is the number of points expected in the game. The line for the Super Bowl is set by the BetMGM sportsbook, with bettors wagering on whether the total points will be over or under that number.
If the total for a Super Bowl is 46 points. A bet on over 46 points would only pay out if the teams combined for 47 or more points. A bet on the under would win if the game finished with 45 points or fewer.
If the final score had exactly 46 points, bets on the over and under would be a push, meaning the stakes are returned to bettors.
Super Bowl 60 Novelty Props
The National Anthem Over/Under: Sportsbooks set a line for the duration of the national anthem. Bettors then wager on whether it will be shorter or longer than that time.
Coin Flip: Heads or Tails: This is a bet on whether the coin flip at the start of the game will land on heads or tails.
Halftime Show: Various novelty props are available for the halftime show. These include which songs will be played, whether a guest star will appear, and which songs will be played first and last.
Gatorade Bath Colour: Part of the Super Bowl tradition is for the winning team to pour Gatorade on their head coach. This is a bet on the colour of the Gatorade.
Venue-specific: Some prop markets are focused on the TV broadcast. For instance, will the Golden Gate Bridge or Alcatraz Island be shown first?
Crowd: Will there be a streaker? Which song will the crowd sing first? Sportsbooks sometimes offer Super Bowl props based on the crowd.
Celebrities: These Super Bowl props are about a specific celebrity. This could be about whether they will be shown on-screen or whether they will say a certain phrase during the broadcast.
Super Bowl Live Betting
Super Bowl live betting refers to any wager placed after the game has kicked off. This can range from player props to the moneyline, spread, and total.
Live bets can also be placed on the outcome of the current drive and which team will score the next points.
BetMGM updates its Super Bowl odds throughout the Big Game. Markets can move considerably once the game is underway, so many bettors like to react to how the game is unfolding by placing live wagers.
Super Bowl Parlays
Super Bowl parlays combine multiple selections into one wager. All of the picks must land for the bet to pay out, which can lead to some long odds.
The nature of the Super Bowl means all parlays are same-game parlays. For example, a bettor might choose to combine the Seahawks’ moneyline with Drake Maye’s under on passing yards, and Jaxon Smith-Njigba’s over on receptions.
All three of these predictions would need to prove correct for the bet to win.
Can I Bet on the Super Bowl in Ontario?
Yes, it is legal to bet on the Super Bowl in Ontario with the BetMGM online sportsbook.
Online sports betting has been legal in Ontario since June 2021.
Can I Bet on the Super Bowl in Alberta?
No, it is not possible to bet on the Super Bowl in Alberta other than through a government-run sports betting website.
There has been progress towards BetMGM becoming available in Alberta; however, there is a good chance it will be possible to bet on Super Bowl LXI in Wild Rose Country.
NFL Odds at BetMGM
BetMGM provides NFL odds and betting throughout the year, from the preseason Hall of Fame game through the Super Bowl. From offseason futures for the Buffalo Bills to weekly betting odds, National Football League wagering is available at the BetMGM online sportsbook.
NFL betting is currently available to residents of Ontario, Canada, and online Alberta betting will be offered soon.
The content provided in this blog is intended for entertainment purposes only. All views and opinions expressed are the authors and reflect their individual perspectives on sports, betting, and related topics. This content should not be considered professional betting advice or the official views of BetMGM LLC. Please gamble responsibly. If you or someone you know is experiencing issues related to gambling, seek help from a licensed health professional. This blog is not liable for any losses, damages, or consequences resulting from betting activities.
