February 7, 2023
Ultimate Guide to Betting on Super Bowl 2023
- The Philadelphia Eagles are favored to win Super Bowl LVII over the Kansas City Chiefs.
- Some of the most lucrative bets you can make include betting on the Chiefs to win, who will win the MVP award, and what color the Super Bowl Gatorade Bath is going to be.
- FanDuel and DraftKings have multiple new bettor offers just in time for Super Bowl Sunday, while Caesars and BetMGM have one promotion.
It’s that time of year again — Super Bowl season! It’s the most popular sporting event to bet on, with over $100 million bet on the Super Bowl each year. Super Bowl LVII is expected to be the most bet-on Super Bowl so far, now that multiple states have legalized online sports betting.
The Kansas City Chiefs and the Philadelphia Eagles will go head to head in Super Bowl LVII on Sunday, Feb. 12 at State Farm Stadium in Glendale, Arizona. The game starts at 3:30 p.m. PST/7:30 p.m. EST.
Do you know who you’re wagering on this year? No worries if you don’t — we’ve put together this handy guide for betting on Super Bowl 2023 so you can take advantage of these fun and lucrative opportunities!
Who Is Favored To Win Super Bowl 2023?
The Philadelphia Eagles are favored to win Super Bowl LVII.
The Eagles return to the Super Bowl after winning in 2018, when they were the underdogs. But with fantastic offensive and defensive lines, they’re set up for success. The Chiefs won the Super Bowl in 2020 and lost to the Tampa Bay Buccaneers in 2021. With a decent season under their belt, the Chiefs go into the February 12 game with an injured quarterback, Patrick Mahomes, though he’s expected to play well like he usually does.
Be sure to listen to your favorite sports betting podcasts to get up-to-date information on each team’s status so you can make the most informed bets possible.
Let’s take a look at the odds for each team at each of New Jersey’s online sportsbooks:
| Super Bowl LVII Winner Online Sportsbook Odds | ||
| Philadelphia Eagles (PHI) | Kansas City Chiefs (KC) | |
| BetMGM Sportsbook | -125 | +105 |
| Caesars Sportsbook | -125 | +105 |
| DraftKings | -125 | +105 |
| FanDuel | -122 | +104 |
Understanding Sports Betting Odds for the Super Bowl
Let’s review how to read the odds on a sportsbook so you can calculate your potential profits with ease.
The minus sign means that you must wager more to make $100 on a successful bet. The plus sign means you make that number for every successful $100 wager.
For example:
- -125 means that you must wager $125 to win $100.
- +125 means that for every $100 wager, you win $125 in addition to getting your $100 wager back.
Looking at Super Bowl LVII, you’ll have to wager $122 to $125 to make $100 on a single bet for the Eagles to win, depending on the sportsbook you choose. You can make more money on your wager if you bet on the Chiefs to win.
Pre-Game Betting on the Super Bowl
Many people place wagers on the outcome of the game before kickoff. Then, they sit back and watch the action.
Here are some other popular types of bets you can make before the game starts:
- Point Spread
- Over/Under
- Passing Yards for Quarterback
- Rushing Yards for Player
- Players to Score a Touchdown
- Super Bowl MVP Winner
- Super Bowl MVP Winner’s Position
- Most Tackles and Assists
- Leader at the end of each quarter
Take a look at the odds breakdown for some of these popular Super Bowl wagers:
| Point Spread | ||
| Philadelphia Eagles (PHI) | Kansas City Chiefs (KC) | |
| BetMGM Sportsbook | -1.5 (-110) | +1.5 (-110) |
| Caesars Sportsbook | -1.5 (-110) | +1.5 (-110) |
| DraftKings | -1.5 (-110) | +1.5 (-110) |
| FanDuel | -1.5 (-110) | +1.5 (-110) |
| Over/Under Totals for Super Bowl LVII | ||
| Philadelphia Eagles (PHI) | Kansas City Chiefs (KC) | |
| BetMGM Sportsbook | U 50.5 (-105) | O 50.5 (-115) |
| Caesars Sportsbook | U 51 (-110) | O 51 (-110) |
| DraftKings | U 51 (-110) | O 51 (-110) |
| FanDuel | U 50.5 (-105) | O 50.5 (-115) |
| Super Bowl LVII MVP | ||||
| BetMGM | Caesars | DraftKings | FanDuel | |
| J. Hurts (PHI) | +135 | +125 | +120 | +130 |
| P. Mahomes (KC) | +135 | +130 | +125 | +130 |
| T. Kelce (KC) | +1100 | +1000 | +1200 | +1600 |
| A. Brown (PHI) | +1400 | +1500 | +1200 | +1800 |
| D. Smith (PHI) | +3000 | +2500 | +2500 | +3100 |
| M. Sanders (PHI) | +3000 | +2500 | +2200 | +2500 |
Live Betting on the Super Bowl
You can continue making bets on future events in the game, such as player-specific events and points scored in the next quarter, while the game is live. Some of the most popular special live wagers include:
- Next team to score
- Next team to turn over
- Next celebrity shown on camera
- Super Bowl commercials
Live wagering on these bets can be a fun way to engage with the game, but it’s not offered everywhere.
Novelty Bets on the Super Bowl
The Super Bowl isn’t just about football. Bettors also like to wager on novelty events, including these special prop bets:
- Winner of the coin toss: No team that has won the coin toss has won the Super Bowl since 2014.
- Which side the coin lands on in the coin toss: Since 2013, the coin has landed on tails six out of 10 times. But that doesn’t mean there’s a 60% chance of winning if you wager tails.
- Color of the Gatorade spilled on the winning team: The sports drink has been blue for the past two years in a row. But many sportsbooks have other colors set to win.
- Length of the National Anthem: Country singer Chris Stapleton is set to sing “The Star-Spangled Banner,” with prop odds estimated at least a two-minute rendition.
- The first coach to challenge a call: Each coach gets two challenges per game to have a call or play reviewed.
- Team to call first timeout: Each team has three timeouts per half.
Let’s check out where you can bet on these novelty prop odds for the Super Bowl.
| Coin Toss Results: Heads or Tails | ||
| Heads | Tails | |
| BetMGM Sportsbook | -105 | -105 |
| Caesars Sportsbook | -101 | -101 |
| DraftKings | +100 | +100 |
| FanDuel | -104 | -104 |
| Coin Toss Results: Winner | ||
| Philadelphia Eagles (PHI) | Kansas City Chiefs (KC) | |
| BetMGM Sportsbook | -105 | -105 |
| Caesars Sportsbook | -101 | -101 |
| DraftKings | +100 | +100 |
| FanDuel | -104 | -104 |
| Kansas City Chiefs Winner of Coin Toss and Game | ||
| Yes | No | |
| BetMGM Sportsbook | N/A | N/A |
| Caesars Sportsbook | N/A | N/A |
| DraftKings | +300 | -400 |
| FanDuel | +310 | N/A |
| Philadelphia Eagles Winner of Coin Toss and Game | ||
| Yes | No | |
| BetMGM Sportsbook | N/A | N/A |
| Caesars Sportsbook | N/A | N/A |
| DraftKings | +250 | -330 |
| FanDuel | +260 | N/A |
| Color of the Gatorade Bath | ||||
| BetMGM Sportsbook | Caesars Sportsbook | DraftKings | FanDuel | |
| Orange | +300 | N/A | N/A | +320 |
| Yellow/Green | +275 | N/A | N/A | +130 |
| Clear/Water | +600 | N/A | N/A | +1000 |
| Blue | +375 | N/A | N/A | +380 |
| Red/Pink | +500 | N/A | N/A | +650 |
| Purple | +900 | N/A | N/A | +100 |
| No Gatorade | +1400 | N/A | N/A | N/A |
| First Coach to Challenge | ||
| Philadelphia Eagles (PHI) | Kansas City Chiefs (KC) | |
| BetMGM Sportsbook | -110 | -120 |
| Caesars Sportsbook | N/A | N/A |
| DraftKings | +100 | -120 |
| FanDuel | N/A | N/A |
Can You Bet on the Super Bowl Online?
Yes, you have four choices for placing bets on Super Bowl LVII in New Jersey. Here are the online sportsbooks in New Jersey and their special, new bettor offers for this Super Bowl season:
| New Bettor Offers from Online Sportsbooks in New Jersey | ||
| BetMGM Sportsbook | First Bet Offer: Get up to $1,000 in Bonus Bets if your first wager doesn’t win. Minimum deposit of $10 required. | |
| Caesars Sportsbook | Live Like a Caesar: Place a $10+ cash wager on any sport and get 1,000 Caesars Rewards Tier Credits and 1,000 Caesars Rewards Credits automatically. If you lose your first wager, get up to $1,250 in Bet Credits. | |
| DraftKings | First Deposit Bonus: Get 20% Bonus up to $1,000 on your first qualifying deposit. | New Customer Offer: Bet at least $5 on any sport and get $200 in Bonus Bets immediately. |
| FanDuel | No Sweat First Bet: Up to $3,000 back in bonus bet funds if you don’t win your first bet. | Gronk’s Kick of Destiny: Place a $5 on Super Bowl LVII and get a bonus if Gronk scores a field goal during the FanDuel Super Bowl commercial. |
For more information on these special offers, visit the online sportsbook site and review the terms and conditions.