Sportsbook Prop Bets
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How to read Super Bowl 55 Odds
The Kansas City Chiefs wil meet the Tampa Bay Buccaneers in Super Bowl 55 from Raymond James Stadium in Tampa, Florida on Feb. 7, 2021.
The Chiefs opened as -3.5 betting favorites while the Buccaneers are 3.5 underdogs.
After early wagers came in, most operators are holding Kansas City -3 (-120).
If you were to wager on Kansas City -3, you would have to lay 5/6 odds (Bet $120 to win $100) instead of your normal 10/11 juice (Bet $110 to win $100).
The return on Tampa Bay would be even-money (1/1) and a $100 wager would return $100.
The total or over-under on Super Bowl 55 is hovering between 56 and 57 points.
How to read NFL Las Vegas Odds
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
Ex. Favorite -10, Underdog +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.
Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.
Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
VI Consensus NFL Line
The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.
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Proposition bets are a great way to expand your betting experience beyond the standard moneyline and point spread bets you’re likely already familiar with. They are an ideal way to mix things up by allowing you to wager on more than game outcomes, infusing a bit of novelty to the sports betting experience. This guide provides a detailed explanation of how prop bets work, and whether or not there’s value to be found when wagering on props.
What Is a Prop (Proposition) Bet?
Prop betting, or propositional betting, allows you to bet on events that occur within a game, series, or season. These events do NOT include the outcome of the game itself. Instead, you can wager on the performance of individual players, a wide range of statistics, or even lighthearted propositions that honestly have very little to do with the game at hand (think – how many times will the announcer say ‘dynasty’?).
Prop bets vary from sportsbook to sportsbook in terms of what you can bet on. That said, there are a few standard bearers that you’re likely to find wherever you prefer to stake your wagers. Props such as which team will score the first goal of the game or if a star player will score a goal/point, etc., are nearly unanimous across sportsbooks.
If you prefer to focus on individual players or more obscure elements of the game, you’ll likely enjoy prop betting.
Sports Betting Prop Bets
Prop Bets in Action
Because prop bets vary so much in terms of content, there’s not really a standard way of presenting the odds on the line. That said, prop bets are almost always a yes vs. no or a vs. b option, so the line will be simple and easy to understand. As an example, you might see a proposition bet on how many points Sidney Crosby will score in Game 5 of the Eastern Conference finals. The bookmaker will either set a total or leave it as a yes/no outcome. Here is what that might look like:
As you did with totals bets, you can decide whether Sidney Crosby will score more or fewer than 1.5 points in the game. The prop could also be as simple as, “Will Sidney Crosby score a goal in Game 5 of the Eastern Conference finals?” In this circumstance, you would simply choose between “Yes” and “No.”
As long as you understand the fundamentals behind reading and interpreting odds, you’ll have no issues reading the line when you begin exploring the world of prop bets.
Super Bowl Prop Bets
Prop bets are found across all major sports, but they are most commonly associated with NFL betting. Unsurprisingly, the Super Bowl is far and away the most popular event for proposition betting.
Some of these props relate directly to what’s happening on the field: how many passing/rushing/receiving yards a particular player will accumulate, how many touchdowns will be scored by a particular player, total number of sacks in the game, and so on. Just about any meaningful stat football fans pay attention to will have a proposition line during the year’s biggest game.
But the Super Bowl appeals to a wide audience, and the sportsbooks want to capture it with a few props you wouldn’t see on a typical NFL game. Here’s a list of a few of the more interesting Super Bowl props we’ve seen on the line over the years:
- First play of the game (pass, play, or sack)
- Brandin Cooks’ receiving yards: Over/Under 67.5
- Will both teams make a field goal from 37 yards or longer?
- Player to score first Eagles touchdown
- Nelson Agholar total receptions: Over/Under 3.5
- Will there be a successful 2-point conversion?
- Total sacks in Super Bowl 52: Over/Under 4.5
- Player to score first Patriots touchdown
- Length of national anthem: Over/Under 2 minutes
- Will Donovan McNabb’s vomiting incident from Super Bowl 29 be mentioned during the broadcast?
Are Prop Bets a Smart Bet?
Some “sharps” think that proposition bets are meant to take “square” money from uninformed, casual bettors. Without question, the “juice” on proposition bets is slightly higher than moneyline, spread, or totals bets. This means that you need to pick correctly more often to enjoy long term success with prop betting. However, that doesn’t mean that there isn’t any value to be found in proposition bets.
Westgate Sportsbook Prop Bets
Bookmakers don’t spend a lot of time or resources to generate the most accurate and sophisticated lines for proposition bets. The majority of their time is spent generating odds on higher volume lines. Subsequently, the odds attached to “over” or “under” on a proposition bet are usually generated from a very basic reading of a player’s stat line. If you are motivated to perform detailed research on these statistics, it’s possible to gain a leg up over the sportsbook on proposition bets.
Take the example of “Will Sidney Crosby score a goal in Game 5 of the Eastern Conference finals?” If you knew that Crosby was going to move to a line with Malkin and Kessel in Game 5 (all three of whom are very strong players), the probability of him scoring +1.5 points would likely be higher than normal. You would want to pounce on this line, as it offers what is referred as “value”, or a higher actual probability than the probability implied by the odds.
Conversely, if Crosby suffered a serious injury in Game 4 and decided to play through it in Game 5, there’s a good chance it would adversely affect his performance. The probability of him scoring under +1.5 points would likely be higher.
It is highly doubtful that the odds assigned to a proposition bet would take such specific information like in the examples above into consideration. As such, there can be tremendous value in proposition bets for bettors who are able to research the specifics of player performance within games.
If you’re the kind of person who researches their players before a big game, prop betting may be an ideal choice for you!