Super Bowl Odds 2016: Who is Favored To Win?
ODDS TO WIN 2016 SUPER BOWL FROM BOVADA SPORTSBOOK
Super Bowl 50 Point Spread:
DENVER BRONCOS +5.5
CAROLINA PANTHERS -5.5
Over-Under 45 pts
SUPER BOWL CHAMPION ODDS TRACKER:
While the main focus of sports wagering involves betting on individual games, futures wagers are also quite popular in sports betting. The most popular futures in NFL betting involves the Super Bowl.
Most bookmakers will release their 2015 Super Bowl odds in February of each year, right after the Super Bowl of the prior season is completed. Thus, the initial odds are primarily based on the results of the previous year. Once the first odds are released, there will be various shifts in the odds during the spring and summer based upon personnel changes for each team. The free agency period can also turn the fortunes of several teams in the offseason. The NFL Draft in May is closely monitored, and coaching changes can certainly lead to shifts in the odds.
During the offseason, the Super Bowl odds are based on speculation. After all, the actual teams have yet to play a game. Once the season begins, the odds have a deeper rooted foundation because bettors can evaluate the teams on the field each week. It is during the regular season when the Vegas and offshore books futures odds will fluctuate the most as teams move up and down, like stocks, depending on their perceived value.
Big Super Bowl long-shots are tougher to find
The appeal of Super Bowl betting to bettors involves the favorable odds of these wagers compared to the 10/11 odds of football point spread bets. It wasn’t uncommon to find teams at odds of 200/1 before the start of the season in the recent past. However, these kind of odds have basically disappeared since the 1999 St. Louis Rams and 2001 New England Patriots ended up winning Super Bowls after being in the 100/1 range at certain points during their championship seasons.
Still, some teams are priced in the 100/1 range prior to each season. These favorable football odds can attract serious professional gamblers and causal sports fans who want to take a shot with their favorite team.
Super Bowl Betting – Good bet for the house?
Super Bowl futures are usually a favorable bet for the house. There are 32 wagering options but only one winner. Because money is pumped in on a year-round basis, online sportsbooks have plenty of opportunities to adjust the odds in their favor. If certain teams are getting bet too heavily, there odds can be adjusted to a lower payout to make the clubs a less favorable wager. In addition, teams that aren’t getting much support can have their betting odds adjusted to a higher payout to lure in more wagers.
In the past decade, Super Bowl Prop Bets have become big business in the Vegas sportsbooks and offshore. The average bettor is very comfortable wagering on prop bets for a couple of reasons. #1, they have been watching these players all season long. They feel as if they know as much about the players as the oddsmakers. #2, with so many prop bets available from the coin toss, to the halftime show, bettors assume that some props are “soft” and can be easily won.
Previous Super Bowl Point Spreads
You Can Even Bet on Super Bowl Commercials
One of the biggest reasons that the Super Bowl has huge TV ratings every year, is the anticipation of funny commercials and Super Bowl Prop Bets. The price for this exposure continues to rise, as advertisers will be asked to pay close to $4 Million Dollars for a 30 second commercial. The betting options for Super Bowl commercials normally range from which ad will be the highest rated.