It’s nearly time for the sports betting event of the year, the 2023 Super Bowl. The final game of the NFL season will be played between the AFC champion Kansas City Chiefs and the NFC champion Philadelphia Eagles. This will be the 57th Super Bowl (LVII) in NFL history, with the game taking place on February 12 at State Farm Stadium in Glendale, Arizona.
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As America’s leading online sportsbook, Bovada has all of your favorite Super Bowl bets available for this year’s big game. Based on the latest odds at Bovada Sportsbook, Philadelphia is a 1.5-point betting favorite over Kansas City leading up Super Bowl LVII, with the game’s total set at 51. Looking at the moneyline betting options, the Chiefs are currently listed at even money while the Eagles are available at -120. This is only the tip of the iceberg, of course, with Bovada offering hundreds of fun Super Bowl prop bets on everything from team stats and player performances to the outcome of the coin toss and the duration of the national anthem.
By taking a look at the betting breakdown of the most popular Super Bowl bets, you’ll gain valuable insight on where the public is putting their money and how this could impact the odds leading up to Super Sunday. Whether you choose to follow the public or prefer to go against popular opinion, that remains up to you. The one thing you can be sure of is that Bovada Sportsbook is your best bet when it comes to Super Bowl LVII.
The Spread
With the spread for Super Bowl LVII hovering between just one and two points for most of the week, it would appear that NFL odds makers are expecting a close game between the Eagles and Chiefs. Philadelphia has been atop the NFL standings since the very start of this NFL season and the team is a deserving favorite in this year’s Super Bowl. Having said that, any time you can get points with a Patrick Mahomes-led Kansas City team, you’re getting some excellent betting value regardless of their opponent.
Looking at the overall betting breakdown on this year’s Super Bowl spread, it seems that the public has a great deal of confidence in Jalen Hurts and the Eagles. While several days still remain ahead of Super Bowl LVII, 57.95% of public money is on Philadelphia minus the points. That leaves 42.05% of the betting action on Kansas City as a spread underdog.
The Moneyline
The moneyline betting odds for these two Super Bowl teams are fairly close to one another, with Kansas City available at even money and Philadelphia at -120. It may not be much, but that small difference in price has the public money favoring the Chiefs to win straight up at 52.11%, compared to 47.89% for the Eagles to win the game outright.
This may seem surprising since Philadelphia is the public favorite when it comes to spread betting, but this breakdown is all about value. With a line this small, many will argue that it doesn’t pay to bet on the spread and that you’re better off betting on the moneyline to maximize your payout. This explains why the Chiefs are getting the majority of the public’s moneyline betting action and could be a smart strategy, unless the Eagles manage to win Super Bowl LVII by just one point.
The Total
They say life’s too short to bet the under, so why not bet the over and root for these two electric offenses featured in the 2023 Super Bowl. It seems like the public agrees, with a staggering 62.21% of the money bet on the game going over the total and just 37.79% on the under. While the total for Super Bowl LVII opened at an even 50 points, all of the public money on the over has pushed the total to 51.
Super Bowl LVII features the NFL’s two highest scoring teams from the regular season – The Chiefs averaged 29.2 points per game and the Eagles were a close second at 28.1 points per game. On the other hand, the past four Super Bowls have all failed to reach the over, despite featuring a number of high-scoring teams.
The Coin Toss
As one of the most popular Super Bowl prop bets, betting on the opening coin toss has become somewhat of a tradition among football fans. Obviously both sides of this bet provide you with the same chances of winning, so this Super Bowl prop really comes down to gut instinct.
As of this writing, 51.91% of public money is on the opening coin toss coming up heads, while 48.09% of the betting public is backing tails. While it may seem a bit silly, the coin toss prop bet is a great way to start the Super Bowl with a win and will add some extra excitement to the pre-game coverage while you’re watching from home.
The National Anthem
There are a number of Super Bowl National Anthem prop bets available at Bovada Sportsbook, but the most popular one is based on how long the performance will last. The National Anthem at this year’s Super Bowl will be performed by country music star Chris Stapleton and the total is set at two minutes and five seconds.
For what it’s worth, last year’s Super Bowl saw another country music singer, Mickey Guyton, perform the National Anthem. Guyton’s total was only 1 minute and 46 seconds, which he exceeded with a total duration of 1 minute and 50 seconds. With this year’s total nearly 20 seconds longer, it comes as no surprise to see 58.58% of public money on the under and just 41.42% betting on Stapleton exceeding the 2 minute and 5 second total.
*All figures as of February 3.
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