NFL ODDS - WEEK 1 LAS VEGAS ODDS & BETTING

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HOW TO READ SUPER BOWL 57 ODDS

Super Bowl 57 is currently scheduled to take place on Sunday, February 12, 2023 at State Farm Stadium in Glendale, Arizona.

Oddsmakers have already started to post futures NFL Odds on who will next year's Super Bowl and the consensus numbers have the Kansas City Chiefs and Buffalo Bills listed at +750 (Bet $100 to win $750) to win Super Bowl XLVII in the desert.

The Los Angeles Rams captured Super Bowl 56 with a 23-20 victory over the Cincinnati Bengals. Repeating as NFL champions isn't an easy task but oddsmakers have both L.A. and Cincinnati listed as contenders next season with 11/1 and 12/1 odds respectively.

SUPER BOWL 57 NFL ODDS TOP 10 CONTENDERS

  • Kansas City Chiefs +750
  • Buffalo Bills +750
  • Los Angeles Rams +1100
  • Cincinnati Bengals +1200
  • Green Bay Packers +1600
  • San Francisco 49ers +1600
  • Dallas Cowboys +1600
  • Denver Broncos +1600
  • Tampa Bay Buccaneers +2000
  • Baltimore Ravens +2000

BETTING ON THE SUPER BOWL

The Big Game, the NFL Championship: whatever you want to call it, people are looking for good bets on the overall winner of the NFL season (and the recipient of the Lombardi Trophy). Whether futures bets or bets on the game as it happens, even betting on the color of the Gatorade dumped on the winning coach, Super Bowl bets about on some of the top sportsbooks in North America. Canada gets in on the action, too!

Legal betting on safe platforms that grant new users a bit of extra credit for their first wagers is easy, provided you pick the right platform. A great way to do that is by looking at some of the best NFL betting sites in the market!

BEST NFL BETTING SITES

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We've reviewed some of the top NFL sportsbooks in the country and their exclusive promotions available for new and existing users. Check out our sportsbook reviews and sections on providers to get all the information you need to get online and bet legally, including promos and bonuses to get you off on the right foot!

BEST NFL BETTING SITES

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 NFL Futures odds page, for example, there is another number associated with the favorite, and it's listed as -10. This number is simply defined as the "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. When you're ready to place a bet after checking out NFL odds, 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.

VEGASINSIDER OPEN & CONSENSUS

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 preferred sportsbooks. The opening line varies depending on the sportsbook, but the figure provides a clear-cut rating as determined by the oddsmakers. 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 or bet on the NFL Draft at almost any time of the year, but what’s the process? Here's a step-by-step:

  1. Head to one of our recommended sportsbooks and create an account.
  2. Select a given futures wager (if it isn't February, of course) to add it to your betslip.
  3. Hit "Place Bet" or whatever the equivalent is on your preferred betting website or app. This will remove the stake amount from your bankroll.
  4. Should your bet be a winner, your payout will be based on the odds of your bet, whether a moneyline or a complex multi-team parlay.

TYPES OF NFL BETS

MONEYLINE BETTING

Whether you're betting the Super Bowl futures or betting on a team to win tonight's game, you're probably looking at a moneyline. This is typically a straightforward, "who's going to win" bet:

EXAMPLE: GREEN BAY (+800) TO WIN THE SUPER BOWL

Let's say 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). However, if you're benefitting from a free betting credit, that doesn't count towards your stake, and you'll only receive your win.

POINT SPREAD BETTING

Spread betting gets a bit more advanced than just "who's going to win", and requires you to have a solid knowledge of how a team might perform. For example, let's say Green Bay is listed as +3.5 (-110). That means that, in order for your bet to pay out on those -110 odds, the Packers need to either win the game or not lose by 4 points or more.

TOTALS BETTING (OVER/UNDER)

If you're betting totals, and you're probably seeing a pattern here, you're betting on the total number of points scored. These bet types are pretty logically named, no? Anyway, if you're betting on a Packers v. Bears matchup and the total is set at over or under 48.5, that means that oddsmakers don't expect the cumulative score earned by both teams to exceed 48. If it does, and you bet the OVER, you get a payout. If it doesn't and you bet the UNDER, you get a payout.

PARLAY BETTING

Parlay betting is not for the feint of heart, as we've said: it requires you to string together anywhere from 3-12 (and sometimes more) bets for a bigger payout. The only trick? Every single leg has to hit, otherwise you lose it all.

We're also seeing one-game or single game parlays on the board lately, and that's in large part due to the advent of live betting:

PROP BETTING AND LIVE BETTING

Prop betting is a form of casual bet that doesn't really have to do with the outcome of a game. For example, you can have the more technical prop bets like "player to exceed X passing yards before the half" or "team to intercept before the quarter is finished". You can also have less technical bets like "color of Gatorade dumped on the coach", "will the mascot trip down the stairs today", or any number of novelty bets.

Throw in the fact that legal, online betting can be done from a mobile device, and live betting becomes possible: that's where you can place prop bets, including parlaying them together in single-game parlays, as the game is happening. Exciting times we live in!

ODDS FORMAT

The American Format of listing odds would see Green Bay in the above example listed at +800 and for the Decimal Format, the Packers would be 9.00. American format is more common in, you guessed it, the US, while Canadian and European bettors tend to use Decimal or Fractional odds.

If you are in a state where online betting is legal, we encourage you to check out our directories and sportsbook pages to find the most trustworthy, reputable mobile apps to place your Super Bowl bets or your NFL bets throughout the season.

MOST POPULAR BETTING ODDS

Along with providing NFL Las Vegas Odds, VegasInsider is also the leader in betting numbers for the most popular sports that are wagered on in the United States.

Those sports and the betting odds can be found below: