Super Bowl 58 Betting Guide - How To Bet on the Super Bowl Legally

Bettors can place wagers on the Super Bowl in multiple ways. We recommend using the legitimate online sportsbooks listed on this page because they host a variety of bets including the Super Bowl point spread, money line, totals (over/under), props, futures, and parlays.

The Kansas City Chiefs are the preseason favorites to win Super Bowl 58.

Yes!

Once kickoff occurs and all the standard betting lines are closed, the game will move into live betting. For those who are not aware, live betting is when you place a wager during regulation or overtime of a sporting event. These types of lines are time sensitive and often feature higher payouts.

Live football betting is interesting because the wagers will change per quarter. For example, in Super Bowl 51, when the Patriots were down 28-3 at halftime, anyone who placed a bet on the Patriots to win came up huge based on the odds. You can also find live prop bets.

Live betting comes with its own rules apart from the standard betting lines. You can find these rules within the live betting section of the sportsbook. Since live wagers are typically based on specific occurrences, the rules lay out the guidelines and conditions for those occurrences in order for the bet to hit successfully.

If you’re looking for where to bet on the Super Bowl in Vegas, that’s easy. Just stumble blindly into the nearest casino and ask for the betting lounge.

However, if you want to wager online from the comfort of your own home (or Super Bowl party), you can bet at any of the industry’s leading offshore betting sites recommended here.

During most of the year, you can wager on the Super Bowl winner via NFL futures betting. However, to get specific lines on the big day, you’ll have to wait until the conclusion of the AFC and NFC title games.

Generally speaking, though, it’s easy to predict which team will be favored, even when several teams are left standing. Essentially, the clubs trending highest on the futures boards – if still alive – will continue to pull the best odds to win, regardless of the matchup they face.

iPads, iPhones, and other tablets such as Android devices are becoming more popular worldwide. The Super Bowl betting sites that we recommend offer mobile sports betting options to any player of legal age. The entire breadth of betting options available at their main websites are available via a mobile means. 

Every year, there are roughly 600 online Super Bowl bets available at every offshore gambling site.

While many sites offer the same wagers with slightly different odds (which is why you should always shop lines), some sites have wholly unique bets to choose from. With so many options, you’re sure to find a few no-brainers or chances to hedge and win.

That said, the best Super Bowl bets – for our money – are simply the ones you enjoy the most. A huge part of the betting market is having fun. Remember, for 99% of people, sports betting is about entertainment, not income. (Of course, for those who really want to win big, taking a dog on the moneyline is the best bet on the boards.)

Every sportsbook offers wacky Super Bowl bets, as that’s one of the gambling hallmarks of the big game.

You can wager on things like how many times a broadcaster will holler a particular catchphrase, the over/under on the length of the national anthem, what color sneakers the halftime lead performer will wear, whether or not the President will tweet during the game, what color the winning coach’s Gatorade shower will be, and much more. 

Super Bowl Squares are a fun way to bet on the game with friends and acquaintances. Many sites offer printable free Super Bowl Squares for your enjoyment, but the game is always the same: You make a grid, with one team representing the columns, and one team representing the rows.

Then, each person in your group selects a number of intersecting “squares.” After all squares are selected with each person getting the same number of choices, you randomly assign the numbers 0-9 across the top and side of the grid.

After the first, second, third, and fourth quarters (and overtime, if necessary), you match the last digit in each team’s score with its place on the grid. If the Patriots are leading the Saints 14-13 after two quarters, the person with the square at 4-3 on the grid would win the prize. Down, set, bingo!

Lots and lots! Super Bowl 54 (Super Bowl LIV) turned a betting handle of just under $6 billion, with a majority of those wagers being made at offshore sportsbooks. Less than $500 million of that total was wagered domestically. 

This is impossible to track directly, but the general figure can be inferred. Using the $5 billion betting handle estimate from the 2018-2019 Super Bowl, and knowing that the average sportsbook hold is about 5.5 percent, bettors “lost” about $275 million to sportsbooks on the Super Bowl last year.

Current estimates suggest that over 23 million Americans bet on the Super Bowl each year. However, there are no credible estimates of the total once the international betting audience is factored in, though it serves to reason that another 15-20 million global fans also wager real money on the Super Bowl every season.

There have been numerous large bets on the Super Bowl over the years. These are just a few notable examples, but you can expect wealthy bettors to place seven-figure bets on the big game every season.

• $1 million - Super Bowl XXIII (1989) – Bob Stupak wagered $1 million on the underdog Cincinnati Bengals at +7 against the San Francisco 49ers. The Niners won 20-16, and Stupak walked away with a cool $100,000 or so in profit.
• $2 million - Super Bowl XLIV (2010) – Phil Ivey put $2 million on Peyton Manning and the Indianapolis Colts to defeat the New Orleans Saints. Of course, the Saints won easily, and Ivey lost the entire bet.
• $3.8 million - Super Bowl LIII (2019) – Bettor X placed $3.8 million across three separate bets on the Rams to beat the Patriots straight up. Had the Rams won, Bettor X would have earned upwards of $10 million. The Rams lost. To date, this is the single largest bet – and loss – in Super Bowl betting history.