Are you ready to dive into the excitement of Super Bowl 2024 with a thrilling betting experience? Whether you’re a seasoned bettor or a newcomer, a Vegas betting guide can be your key to understanding the intricacies of wagering on the big game.
Before delving into the betting details, it’s crucial to approach this activity responsibly. Set limits on your wagers, don’t risk money you can’t afford to lose, and if needed, enlist a friend to help you stay accountable. Remember, sometimes the best bet is choosing not to bet at all.
For those looking to bet online, numerous reputable sportsbooks await you. Popular options include DraftKings, BetMGM, Caesars Sportsbook, and FanDuel. However, it’s important to be aware of the legal landscape.
Currently, sports betting is legal in 27 states and Washington D.C., offering a broad range of opportunities for enthusiasts.
Now, let’s get familiar with some essential betting terms:
Favourite and Underdog: The team expected to win is the favourite, while the underdog is predicted to lose.
Spread: This represents the expected winning margin for the favourite. For instance, if the spread is San Francisco (-2) against Kansas City (+2), it means San Francisco is favoured to win by two points.
Cover the Spread: This is determined by whether your chosen team would have made you money if you placed a wager. If the team wins but doesn’t meet the spread, it doesn’t cover.
Moneyline: If spreads feel intimidating, you can bet on the moneyline, predicting the outright winner.
Over/Under: This involves predicting whether the total points scored by both teams will be over or under a specified number.
Parlay: Combining multiple bets into one, with all selections needing to win for a payout. While riskier, the potential rewards are higher.
Live Betting: Also known as In-Play or In-Game betting, this allows you to place bets after the game has started, with odds adjusting based on the ongoing action.
Prop Bets: Proposition bets cover various aspects unrelated to the final score. Player props focus on individual performances, while novelty or party props add an entertaining twist to the betting experience.
As for common bets, the spread tends to be popular due to its near 1-to-1 payout and added flexibility for the underdog. In football, spreads under three points are often considered a pick ’em, offering an exciting element of unpredictability.
Countries where sports betting legal
- New Hampshire
- New Jersey
- New York
- North Carolina (only in-person)
- Rhode Island
- Tennessee (only online)
- Washington D.C.
- West Virginia
- Wyoming (only online)