NFL fans are slowly getting ready for what is to be a repeat of the 2020 Super Bowl clash between the Kansas City Chiefs and the San Francisco 49ers. This time around, the fierce rivals will meet at the Allegiant Stadium in Paradise, Nevada, with the event scheduled for this Sunday, February 11.
As soon as the NFC and AFC Championship games were over, sportsbooks started posting their opening odds for Super Bowl LVIII.
We’re now less than a week away from kickoff and the time is now to get your bets in. If you’re gearing up to put a few wagers down, there are a few things you need to know to maximize your chances.
Take Advantage of Betting Promotions
The Super Bowl is one of the most wagered-on events in the U.S., and it’s also when online sportsbooks gain most of their new clientele.
That’s why they’ll put out great bonuses for first-time customers, while also running a few promotions for existing bettors to discourage them from switching to a rival site.
You can take advantage of the many great deals out there to give yourself a better chance at making money betting on Super Bowl LVIII. For example, DraftKings is running a Bet $5, Get $200 promo that gives $200 in bonus bets just for placing a $5 bet.
Shop Around for the Best Odds and Lines
Every major online sportsbook will have a massive market offering for the Super Bowl. While the odds on all of these markets may seem similar across every platform, the small differences between them are still worth looking into, as they will allow you to maximize your profit.
The discrepancies in offered prices are especially prominent with player props where the lines and odds can vary greatly.
Remember, you’re allowed to join multiple sportsbooks. You should have an account on each of the major sites just so you can jump at the opportunity of better odds and more optimal lines more easily.
Look for Advantages in Less Popular Markets
Sportsbooks are usually very good at gaining an edge over bettors. They have experts and analysts who use a ton of data and formulas to make accurate predictions and set odds in a way that guarantees they will come out on top.
However, they are not immune to making mistakes. Sportsbooks will always post a few wacky props and obscure markets where their predictions might be off. The less known a given market is, the better the chance for you to find value.
There’s no shortage of these, especially during the Super Bowl. The team’s first drive result, the player with the longest rush, or the player to make the first defensive interception are some of the bets where you can potentially find an edge.
Carve Out Some Time to Do Research
Never bet just off of a hunch or because you want to back your favorite team or player. Being a successful bettor means doing your best to gather as much information as possible before staking your money and using sports betting tools to give yourself a better chance of winning.
Analyze the teams’ performances in the playoffs, monitor the team news, and stay up to date on injury reports.
The research should not only be used for the game itself, but also for identifying a sportsbook that suits your preferences the most. Different sportsbooks are better at different things, whether it is about their promotions, range of props, odds and lines, same-game parlay options, in-game betting, payment policies, or something else.
Luckily, the U.S. market is overflowing with high-level betting platforms, so you should have no trouble finding a suitable place for making your Super Bowl bets.
Don’t Chase Your Bets
We realize that you must be very excited about the Super Bowl and all the betting opportunities it offers. However, it is important to keep reminding yourself about responsible gambling.
Stay within your budget and divide your bankroll in a way that you can make multiple bets on the event. If you start losing, don’t make snap judgments and rushed bets to chase after your losses. If needed, use responsible gambling tools provided by sportsbooks and set limits on deposits, losses, and sessions.