The Super Bowl is always one of the most widely bet sporting events of the year. According to the American Gaming Association, a staggering 50.4 million Americans bet a total of $16 billion on the Super Bowl last year. With the legalization of sports betting in more states, these figures are expected to rise once again.
For those eager to get in on the excitement, numerous sportsbooks are rolling out awesome Super Bowl betting promotions. Don’t miss out — take advantage of these offers while they last!
Best Super Bowl Betting Promos and Bonuses: How to Bet on the Super Bowl
| Sportsbook | Bonus and Promo Code | Claim |
|---|---|---|
 BETMGM | 🎁 Up To $1,500 in Bonus Bets Paid Back if your Super Bowl Bet Does Not Win! | Bet Now! ➚ |
 BET365 | 💵 BET $5 AND GET $150 IN BONUS BETS or $2,000 paid back FOR The Super Bowl | BET NOW! ➚ |
 DRAFTKINGS | 🤑 Bet $5, Get $200 Instantly Leading up to The Super Bowl | Bet Now! ➚ |
 FANDUEL | 💎 Bet $5 on The Super Bowl and Get $150 in Bonus Bets If You Win | Bet Now! ➚ |
 CAESARS SPORTSBOOK | 💰 Your First BET Is ON CAESARS UP TO $1,000 For Super Bowl 58 | BET NOW! ➚ |
 BETRIVERS | 🎉 Get a Second-Chance Bet during Super Bowl 58 up to $500 | Bet Now! ➚ |
Bet365 Super Bowl Promo: Get $150 in Bonus Bets When You Bet $5
Unfortunately for those of you who live in states with access to bet365, your teams won’t be participating in the Super Bowl. However, if you happen to be in Ohio (or Colorado, Iowa, Louisiana, New Jersey or Virginia) and you’re looking to bet on the Chiefs or 49ers to win the Super Bowl, bet365 has an enticing offer for you: Bet $5 to receive $150 in Bonus Bets!
To claim, simply:
- Sign up with Stokastic’s exclusive bet365 bonus code.
- Deposit at least $10.
- Place a wager of at least $5.
There you have it — you now have $150 in Bonus Bets to use for placing any other Super Bowl wagers of your choice!
BetMGM Super Bowl Promo: Up To $1,500 in Bonus Bets Paid Back if your First Bet Does Not Win!
If you’re aiming to make a substantial play on a Super Bowl bet while minimizing risk, BetMGM could be the ideal sportsbook for you. Leading up to Super Bowl 58, BetMGM is providing first bet payback up to $1,500!
Imagine you have a lead on the Chiefs winning Super Bowl 58 by 5 or more (currently +165 on BetMGM) but you’re reluctant to risk a significant amount of your own funds on this bet. All you need to do is:
- Sign up with BetMGM bonus code.
- Deposit at least $10.
- Place your first bet, a minimum of $5.
If your bet loses, BetMGM will credit your account in the amount of your bet, as much as $1,500! Now you can confidently place that bet on Chiefs-49ers without worrying too much about your bankroll.
Caesars Sportsbook Super Bowl Promo: Caesars Covers Your First Bet up to $1,000
Now is the perfect moment to venture into some risky Super Bowl bets with Caesars Sportsbook — especially considering their enticing offer of a $1,000 payback on your first bet. Unlike last year’s predictable Super Bowl matchup between the Chiefs and the Eagles, this year the Chiefs sort of snuck their way in and are +100 to beat the 49ers. If you’re looking to bet the underdog, simply:
- Register your account using Caesars Sportsbook promo code AWE1000.
- Deposit a minimum of $10 into your account.
- Place any bet up to $1,000.
In the unlikely event that the Chiefs do not win the Super Bowl at +100, Caesars will reimburse your bet as Bonus Bets!
DraftKings Super Bowl Promo: Bet $5, Win $200
The No. 2 sportsbook in America is presenting maybe the most exciting Super Bowl betting offer for new customers: Bet $5 and get $200 in bonus bets! If you have an angle on a Super Bowl underdog that you’re eager to back without risking a substantial amount of your personal funds, DraftKings is an excellent choice.
You’re all in on the NFC West champion to win the Super Bowl at -125, you need only follow a few simple steps to use a Bonus Bet on San Francisco:
- Sign up with Stokastic’s exclusive DraftKings promo code.
- Deposit at least $5.
- Place a first bet of at least $5.
Voila! You now have $200 in Bonus Bets in your account. Feel free to wager on the 49ers without putting too much of your personal bankroll at stake.
FanDuel Super Bowl Promo: Get $150 in Bonus Bets With Just a $5 Bet If You Win
FanDuel holds the top spot as the No. 1 sportsbook in the U.S., as it caters to newbies and expert bettors alike. Given that the Super Bowl is a day where many place their only wagers of the year, FanDuel is likely the preferred choice for a majority of first-time bettors. If you happen to be among them and want an edge leading up to kickoff, FanDuel is gifting $150 in Bonus Bets for Super Bowl 58!
To seize this opportunity, simply follow these steps:
- Sign up with our FanDuel promo code.
- Deposit at least $10 into your account.
- Place any bet of at least $5.
Should your first bet hit, you’ll receive $150 in Bonus Bets!
BetRivers Super Bowl Promo: Earn a $500 Second-Chance Bet
When is there a better moment to capitalize on second-chance bets than during the Super Bowl? With a plethora of exciting prop bets and substantial stakes, it does not get more exciting than this, and at BetRivers you can join the action without jeopardizing your bankroll! Here’s how you can claim your second-chance bet:
- Create an account with BetRivers.
- Deposit at least $10.
- Place a bet up to $500.
You are now eligible to receive a refund on your initial bet if it happens to lose! Now, picture Super Bowl Sunday, and you’re fully invested in Deebo Samuel winning MVP as the 49ers take on the Chiefs. You’re eager to make a substantial play on this, but you’re also cautious about taking on excessive risk. This is precisely the moment to hop on the BetRivers train — if Samuel wins MVP, you reap significant rewards! In the event he doesn’t, no harm done; BetRivers will refund you in the form of a bet credit.
Types of Bets to Make on the Super Bowl
There are a ton of different betting options when it comes to Super Bowl Sunday, including numerous plays that are not available for any other NFL game. Here we will break down the most popular types of Super Bowl bets.
Point Spread
This is the most common NFL bet. The sportsbook establishes a point spread, indicating the margin by which a team is either a favorite or an underdog. Bettors can then place their wagers on either side of the spread. Choosing the favorite requires them to win by a margin greater than the spread for the bet to be successful. Playing the underdog means they can either win outright or lose by a margin smaller than the spread.
For instance, consider the Super Bowl matchup between the Chiefs and 49ers. In this case, the 49ers are favored by 1.5 points (represented as 49ers -1.5, Chiefs +1.5). This implies that not only must the 49ers win the game, but they also need to do so by a margin of 2 points or more for the bet to be successful. If the Chiefs win or lose by 1 point, their side of the bet wins.
Moneyline
In a moneyline wager, your task is to simply select the team you believe will win the game. The odds indicate how bettors are wagering each side, and the payout varies accordingly. Negative odds are assigned to favorites, while underdogs have positive (or plus) odds.
Let’s dive into Super Bowl 57 (Chiefs-Eagles 2023) to illustrate this concept. At kickoff, the Eagles were moneyline favorites with odds at -120, while the Chiefs were underdogs with +100 odds. If you placed a $100 bet on the Chiefs and they won, you would receive a one-to-one payout, resulting in a total of $200 ($100 bet returned + $100 for winning the moneyline).
Conversely, if you had wagered $100 on the Eagles and they won, your return would have been $183.33 ($100 bet returned + $83.33 payout for winning the moneyline at -120).
Over/Under (Total)
Totals have you predict whether the cumulative points scored by both teams in a game will surpass or fall below a specific number set by the sportsbook.
Going back to Super Bowl 57, the total for the Chiefs-Eagles matchup was set at over/under 51.5. The game finished with a score of 38-35 in favor of the Chiefs, so the total points reached 73. That means the over was a winner.
Team totals also serve as popular plays. The underlying principles are the same as game totals, except the scoring pertains to a single team. In the 2023 Super Bowl, the Chiefs’ and Eagles’ team totals were set in the mid-20s, and both teams exceeded 30 points, so it was all overs that day.
Props
These wagers attract a significant amount of attention from inexperienced bettors, as they cover a lot of aspects of the Super Bowl beyond just the game’s score. These may include in-game elements like passing yards or anytime touchdown scorers, or they might involve non-football events such as the outcome of the coin toss, the duration of the National Anthem or the color of the Gatorade poured on the winning head coach.
Here are some of the outcomes of prop bets from the Chiefs-Eagles matchup in Super Bowl 57:
- National Anthem Length: 121.99 seconds (the line was 126.5 seconds, so the under hit).
- Coin Toss: Tails.
- Gatorade Color: Purple (+750) — this was the longest winner in the history of tracking Gatorade color odds.
- First Touchdown Scorer: Jalen Hurts (+700).
- Anytime Touchdown Scorers: Hurts (three), A.J. Brown, Travis Kelce, Nick Bolton, Isiah Pacheco, Kadarius Toney, Skyy Moore.
Parlay
Parlays can be the most lucrative bets, particularly on Super Bowl Sunday, but they also carry the highest level of risk. A parlay involves consolidating multiple individual bets into a single overarching wager. To win a parlay, all the bets (referred to as legs) must be successful, and the potential payout is elevated due to the higher risk.
Here are some hypothetical Super Bowl parlays for this year — for this scenario, the Super Bowl matchup will be between the current favorites:
49ers Moneyline AND Chiefs-49ers Over 49.5. This parlay incorporates two game lines: The moneyline and the total. The parlay wins if the 49ers come out on top and the combined score of both teams reaches 50 points or more. Conversely, the parlay is unsuccessful if the Chiefs win and/or the total points scored by the teams amount to 49 or fewer.
Isiah Pacheco Under 55.5 Rushing Yards AND Brock Purdy Over 265.5 Passing Yards. Now we are going with a couple of player props. For the parlay to hit, Pacheco must rush for 55 yards or fewer, and Purdy needs to throw for a minimum of 266 yards.
For an added dose of excitement, you can explore multi-sport parlays with the help of OddsShopper’s Parlay Builder. The process is not much different from NFL-only parlays, only it allows you to merge NFL bets with those from other sports into one parlay, such as the NBA. Fortunately, this year’s Super Bowl Sunday has two afternoon NBA games, offering a variety of options for parlays.
George Kittle Over 3.5 Receptions AND Jayson Tatum Under 29.5 Points: This time around, we’ll use a pair of player props, one from the Super Bowl and another from the NBA. The success of this parlay hinges on Kittle catching at least four passes and the Heat holding Tatum to 29 points or less.
In-Game (Live) Betting
Wagers are placed in real-time as the game unfolds, and NFL odds change dynamically based on the flow of the game, such as scoring, turnovers and various other factors.
Halftime, First Half, First Quarter
Halftime bets pertain to the second half’s outcome, like point spread, moneyline or totals specific to that period. First half and first quarter bets mirror halftime bets but focus on the results of the first half or quarter.
Latest Super Bowl Betting Odds
Now that you’re familiar with game-specific Super Bowl wagers, let’s examine the odds for certain Super Bowl futures. Make sure to visit OddsShopper’s live odds page to stay informed about the constantly evolving lines for these Super Bowl bets!
Betting Odds on the Super Bowl
Currently, the frontrunners to win the Super Bowl are the San Francisco 49ers at -125 while the Chiefs +100.
Super Bowl MVP Betting Odds
You can find Super Bowl MVP odds at various books, and while the odds may differ, the general consensus places Patrick Mahomes, Brock Purdy and Christian McCaffrey in some order as the top 3.
Super Bowl FAQ
Begin by selecting a reliable sportsbook of your preference, whether it’s online or in-person. If you haven’t already created an account, register for one and deposit some funds. Next, locate the specific bet you want to place, select a side and determine your wager amount. All that’s left after that is submitting your bet.
After the Conference Championships, the 49ers are the Super Bowl favorites, with the Chiefs slightly into plus money.
Betting on Super Bowl 58 online is legal in these states: Arizona, Arkansas, Colorado, Connecticut, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia, West Virginia, Washington D.C. and Wyoming.
In 2023, Super Bowl betting reached an estimated $16 billion. While the American Gaming Association has not disclosed their projections for Super Bowl 58, the legalization of sports betting in several more states in 2023 suggests that number could get even higher in 2024.
These odds are referred to as moneyline odds, and they indicate what you will win with a successful $100 bet. For instance, a Super Bowl bet of $100 would yield a total of $1,100 — your initial $100 wager plus the $1,000 tied to the +1000 odds.
If you’re a newbie to the world of Super Bowl betting, the most important thing is staying within your financial comfort zone. Conduct thorough research on sportsbooks and be safe with wagers — betting on the Super Bowl is supposed to be fun, after all.
For those aiming to enhance their chances of success with early Super Bowl wagers, consider a few essential strategies. Firstly, leverage sportsbook promotions, rewards, and bonuses to kickstart your bankroll without risking a significant portion of your own funds. Secondly, recognize that game lines don’t necessarily predict outcomes; they reflect the public’s betting trends. Lastly, while betting on favorites might seem like a straightforward approach, it may not yield as much profit in the long run compared to taking calculated risks.
Establish your personal betting limits, take advantage of Super Bowl betting promotions, and don’t shy away from trying your luck with a couple of longshots!