The very end of the NFL season is fast approaching with the last game on the schedule being Super Bowl LIII. The Los Angeles Rams will be taking on the New England Patriots for the NFL’s most coveted prize in Atlanta on February 3.
As 2019 goes into full swing, the list of establishments where PA sports betting players can wager on games continues to grow, as there are now five sportsbooks across the state that offer lines on NFL games, including the Super Bowl.
Late 2018 saw the legal sports betting scene first explode in Pennsylvania, and more can be expected in 2019. Hollywood Casino, located in Granville was the very first to allow legal sports betting in PA, opening its doors officially on November 16. SugarHouse Casino in Philadelphia and Rivers Casino in Pittsburgh quickly followed, taking sports bets as of December 13. Parx Casino outside in Bensalem recently joined the party, opening for sports betting business in early January of this year. And just last week, South Philadelphia Turf Club joined Pennsylvania’s sports betting market.
PA Online Sports Betting Waiting For Approval
All PA sports betting must be done in person at one of the retail sportsbooks, as the state has yet to offer PA online casinos and mobile sports betting options. All hope is not lost, however, as bettors can cross state lines to their New Jersey neighbor.
Those wanting to take part in sports wagering in online/mobile capacity can download one of several NJ mobile sports betting apps and bet on games. When using the NJ sports betting apps, geolocation is used to pinpoint where the player is and all bettors must be physically within the borders of New Jersey to make wagers on games. However, PA players can still download these apps and check lines on any available game.
Different Ways To Bet On NFL Football And Super Bowl LIII
Having a reliable sportsbook and/or betting destination is certainly the first step needed to get in on the action. However, knowing how to bet on NFL games and being familiar with the various types of bets allowed is equally as important for anyone who wants to achieve success. Here, we will go through the basic structure of how to bet on the NFL, what each type of wager means, and what sports betting players should look for when placing wagers on the upcoming Super Bowl. The three betting types we are going to at are:
- Money Lines
- Point Spreads
Betting On The Money Line In Super Bowl LIII
Betting money lines (ML) is simple: the player picks the outright winner of the game. The odds of these bets reflect how big of a favorite or underdog the selected team is, and the bet pays accordingly.
The favorite to win is given negative odds, while the underdog is given positive odds with a more favorable payout. The line of demarcation between a favorite and an underdog is +/-100, and this is how you can calculate winnings for these bets.
Let’s use the upcoming Super Bowl as an example. The Patriots are favorites on the money line at -133. This means that in order to win $100, the bettor must be willing to risk $133 on the team expected to win by oddsmakers. On the other side, the Rams are +115. This means that for every $100 bet, the player can win $115 because Los Angeles is the underdog, thus garnering more favorable odds.
Let’s now use a more radical example. If a team’s money line (ML) is -300, then one would have to lay out $300 to win $100. If a team’s ML is +500, then a $100 wager can win $500 if that underdog comes out on top.
Point Spread Betting On Super Bowl LIII
Betting with point spreads is another option and one that provides a pretty level payout due to wagering on a line that’s already been chosen by oddsmakers.
According to BetStars Sportsbook, the Patriots are currently 2.5-point favorites (-2.5) over the Rams, who are the underdog (+2.5). If you bet on the Patriots, they must win by three points or more in order to cover the 2.5-point spread. If betting on the Rams, the wager wins if the Rams either win the game outright, or lose by two points or less, thus covering the number at +2.5.
Think of it this way: either add or subtract the number that you wagered on. Once you do that, does your team have more points than the other team? If so, you’ve won your bet. Let’s look at another example.
Last week, the Eagles were eight-point underdogs (+8) against the Saints. Because the Saints won by just six points, those who took the Eagles won their bets because Philadelphia covered the number. Even though they lost 20-14, once you add the eight points theoretically given to the Eagles by oddsmakers, they come out on top.
If the game had ended 24-14 instead, then anyone with Saints at -8 would’ve been a winner since you could theoretically take eight points off the Saints’ score and they still would have a higher score than the Eagles.
Because the lines are provided by oddsmakers, the payouts generally sit somewhere in the -110 range. Meaning whether you took Saints -8 or Eagles +8, you were risking $110 for every $100.
One thing to keep in mind is that odds can change from the time they are posted until the time of the game due to public backing of one side or another. A team that begins as a 3-point favorite and sees a lot of action from the public could become a 3.5 or 4-point favorite by kickoff. And it can work the other way, as well.
Betting On The Over/Under In Super Bowl LIII
Oddsmakers set a number for the total amount of points scored the same way they do for a point spread. In order to win, bettors must correctly pick whether the combined score of both teams leaps over or falls under the projected number.
For the upcoming Super Bowl, the Over/Under is set for 57.5 points. Selecting the over in this game would mean a combined 58 points or more for the Patriots and Rams, while selecting the under would require 57 points or less.
Stay locked into BonusSeeker for more content detailing the different types of wagers available not only for Super Bowl Sunday, but for a wide variety of sports.