Super Bowl LVIII: Sportsbook executive takes deep dive into popular betting trends for big game

The Super Bowl is the playing vacation of the 12 months.

It is already been estimated that nearly $23 billion will probably be wagered on the massive sport. However the place does all that cash come from?

An honest quantity will clearly be on the Kansas City Chiefs and San Francisco 49ers to win. And bettors are certainly hammering the over/below.

For BetMGM, a minority of the wagers are literally on the unfold, moneyline and complete.


Among the greater than 400 proposition bets for Tremendous Bowl LI between the Philadelphia Eagles and the New England Patriots are displayed on the Race & Sports activities SuperBook on the Westgate Las Vegas Resort & On line casino Jan. 26, 2018, in Las Vegas.  (Ethan Miller/Getty Photos)

Gary Deutsch, BetMGM’s chief monetary officer, estimates that roughly 60% of wagers have been on prop bets.

In regular sports activities wagering, props sometimes revolve round gamers. Bettors are in a position to wager an over/below on a sure participant’s receiving, speeding or passing yards. In baseball, one can wager merely if somebody will file a success. 

There are numerous different props for any sport. One may even guess on whether or not there can be a hole-in-one at this weekend’s Waste Management Open at TPC Sawgrass.

However for the Tremendous Bowl, the prop guess market multiplies by infinity. Gamblers can go method past the sport itself and may now wager on the results of the coin toss or the colour of the Gatorade poured onto the successful coach. Outdoors america, there are many bets involving Taylor Swift, together with if Travis Kelce will propose to her after the sport.

Since playing has grow to be legalized in a lot of the nation, prop bets have been all the craze, but it surely’s the obscure markets followers covet in the course of the Tremendous Bowl.

Allegiant Stadium prepares for Super Bowl LVIII

A video board shows an commercial for Tremendous Bowl LVIII Opening Evening at Allegiant Stadium Feb. 1, 2024, in Las Vegas.  (Ethan Miller/Getty Photos)

“I believe it’s simply well-liked tradition. It’s enjoyable, it’s an enormous social gathering, it’s an occasion and other people wish to have one thing enjoyable that’s rapidly resolved,” Deutsch advised Fox Information Digital in a current interview. “A few of these bets are over in a short time, in order that they know in the event that they’ve received. We’re assembly the demand of a market, and the Tremendous Bowl could be very a lot a celebratory social gathering surroundings. Till sports activities betting grew to become authorized, there was no solution to guess on these. So, now, we are able to make them accessible, and we predict folks prefer it.”

Deutsch estimates half the wagers on the Tremendous Bowl are positioned within the remaining 48 hours earlier than kickoff, though traces have been out for practically two weeks.

However the excessive rollers are the bettors who get in on the motion early, says Deutsch.

“The extra important bets, folks betting a number of a whole lot of hundreds of {dollars}, these are available earlier. However the smaller bets will probably be within the final half day,” he says.

Naturally, everybody who bets needs to get wealthy fast with the outdated trusty parlay.

They don’t seem to be really reliable. However they’re enjoyable after they hit. And that is why Deutsch has seen so a lot of them wagered for the massive sport.

Allegiant Stadium with Super Bowl banner

Allegiant Stadium Dec. 15, 2021, in Las Vegas after a information convention asserting the venue will host the 2024 Tremendous Bowl. (David Becker/Getty Photos)


“The informal bettors appear to love the lottery kind of guess,” Deutsch says, who estimates not less than half the wagers to date on the sport are parlays. 

“It’s one factor to guess $100. However in case you put down $10 on one thing that you just don’t actually suppose would occur, but it surely’d be nice if it does, you flip that $10 into $100 due to a string of extraordinarily unlikely occasions which have come collectively. 

“And you’ve got that lottery pleasure of a win. Lots of people like these kinds of payouts, much more than we projected 4 or 5 years in the past.”

The Tremendous Bowl kicks off at 6:30 p.m. ET Sunday.

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