Super Bowl Betting
NFL Super Bowl Betting - Limit your Prop Bets
The Super Bowl is definitely an exciting time for NFL bettors since it draws more action than any other single sporting event. Because of all this interest, the Super Bowl features dozens of different prop bets that make betting on this game even more fun!
Unfortunately, there's a downside to all of these prop bets because some people get wrapped up in too many side wagers. And while it can be fun guessing how long it will take Alicia Keys to sing the national anthem, it's very important that you limit the number of Super Bowl prop bets you make. Here's a closer look at why this is so crucial to NFL betting success.
'Prop'er Research
The biggest problem with spreading your bankroll around too many prop wagers is that you can't thoroughly research them all. After all, you only have a couple of weeks to research these bets; and if you're trying to make 6-10 of them on a single Super Bowl, there's no way you can put sufficient time into figuring out each wager. That said, you're better off sticking with one or two side bets.
Finding Value
Another drawback with prop wagers is that some of them offer no long-term value to the bettor. For example, there's a bet called "Will the team that wins the coin toss win the game?" This wager sounds reasonable enough because you could actually research how coin toss winners have fared in Super Bowl history.
After doing some research, you'll find that the coin toss winner takes home the Lombardi Trophy 52% of the time. However, the line for this bet is normally -115 on both the "yes" and "no" options. Seeing as how this is practically a 50/50 guess and you're only getting $100 for every $115 wagered, this is a losing long-term proposition no matter how you bet.
Measuring Success
As with any sports bet, you should have some sort of way to measure the probability of the outcomes. Like we previously discussed with the coin toss bet, you can actually do research and figure out if the coin toss winner has won more often than not.
However, there are a host of other Super Bowl prop bets that are very difficult - if not impossible - to research. For instance, you have little way of guessing on something like "What Color of Top will Beyonce wear during the Super Bowl Halftime Show?" And if you can't really measure the possible outcomes here, it's really hard to make an informed bet.
Casual or Serious?
Most of what we've discussed so far deals with the serious bettor who's looking to make some money on the Super Bowl. However, if you're just a casual fan who'd like to wager on something fun like the color of Gatorade that'll be dumped on the winning coach, by all means go for it! But even if this is the case, it's important to limit your prop bets and conserve your bankroll.