- The Super Bowl brings the newest gamblers into the gambling community of any event.
- This article covers some quick and easy tips for new gamblers to follow.
- If you or a loved one has a gambling problem, please seek help for it using the proper channels.
LAS VEGAS - The Super Bowl is the time of year where the newest bettors come into the sports betting market.
Given that, it seemed timely to write a bit of a primer on how to bet on Super Bowl 55 for real vs. for fun. Most new bettors will want to choose a direction to go, because the way sports betting tends to break down, there’s a couple of types of bettors that you can be.
Type 1: The Classic. This bettor just places wagers on the things they believe will occur. There’s not a ton of thought given to odds themselves, moreso just picking the winning team on the moneyline, the winning side of an O/U, etc.
Type 2: The Analyst. This person feverishly checks different websites for the best odds, runs algorithms, looks up statistics, focuses on betting trends and does everything they can to beat the house in an amateur manner.
Type 3: The Pro. This person is a literal professional gambler. They are beyond us, and their methods are varied and incredible.
Most new bettors come into the gambling community with little experience. Maybe they know what a spread is, but not exactly how it works. There are a few big keys to having a good time while gambling on the Super Bowl, so let’s jump into some Do’s and Don’ts.
DO: Find a way to enjoy yourself!
It’s important to figure out what style of gambling appeals to you.
If you want to put your money where your mouth is and just pick what you feel will happen, that’s totally fine as long as you are prepared to lose.
DON’T: Spend more money than you have
It can be a great idea to set yourself a limit on how much you are planning to bet. Many bettors use bankroll management systems that break up their total amount of money into units, and use those units to denote how much they place on a wager.
This can be as simple as breaking up a $100 bankroll into 10 $10 units, and finding 10 bets to wager that money on.
It can get far more complex than that, but keeping track of your money is very important.
Most popular bettors say to risk no more than 3% of your bankroll of any given wager; however, when it comes to the Super Bowl, some people play for only one wager. Therefore, this advice goes both ways depending on one’s needs and desires when betting the Super Bowl.
DO: Research what you can and shop lines if you have the inclination.
While algorithms and such may be a bit out of your depth as a new gambler, you can simply check multiple sportsbooks to find the best lines.
Let’s say you want to bet on Travis Kelce’s touchdowns. You think he’ll have a great game, and easily score a touchdown. Here’s what three major sportsbooks have as odds for Kelce scoring at least one TD in the game.
Line Shopping Travis Kelce TD Odds
- Kelce Anytime TD Odds @ Bovada -165
- Kelce Anytime TD Odds @ BetOnline -182
- Kelce Anytime TD Odds @ FanDuel -170
The site with the best odds on this wager is Bovada, which lets you put only $165 down to win $100, as opposed to BetOnline, which charges you $182 to win $100.
DON’T: Chase your losses
The number one tip to avoid your time gambling is to be ok with losing all of the money you wager. Chasing losses, feeling like you have to make the money you lost back, is a big problem in terms of mentality.
It is incredibly important to be a responsible gambler.
Think of it as money you are spending on a hobby, not as an investment.
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Maxwell joined the BettingSuperBowl team in 2019 and is thrilled to be working for a website that so mirrors his interests. Maxwell is an avid follower of sports, a consumer of sports gambling news, and seeks to constantly better himself and his readers.