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A man checks out at a sports betting terminal at the Ocean Casino Resort, Monday, Feb. 6, 2023. More than 50 million American adults will bet a total of $16 billion on this year’s Super Bowl, including legal bets with sports books, illegal bets, and random bets between friends or family. (AP Photo/Wayne Parry)

ATLANTIC CITY, N.J. (AP) – Sports betting is now legal in two-thirds of the country, and more Americans than ever before can place a legal bet on Sunday’s Super Bowl.

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With waves of sports betting ads and promotions, things can get confusing, especially for first time bettors or those who don’t fully understand what it’s all about.

Here is a betting guide for the big game between the Philadelphia Eagles and the Kansas City Chiefs. Here we will only cover legal sportsbook options that are approved and regulated by United States government authorities.

The two most popular bets are on the point spread (the number of points a team needs to win the game to win the bet) and the total, also known as over/under (the total number of points scored). both groups).

Contrary to popular belief, the point spread does not agree on how many oddsmakers think a team will win. Rather, it is a number designed to create as close to an equal number of bets on both sides as possible. In this way, oddsmakers are guaranteed profits through a cut of the action, called vigorish or “vig”. (Many books, hoping they will be less scholarly, call it “price”). Most sportsbooks will keep 10% or more of the winning bet before paying out the rest, but they keep 100% of losing bets. Super Bowl betting prices can vary significantly, so it’s a good idea to shop around to get the lowest price you can before placing a bet.

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The extended beat is known as “covering”. For the Eagles to cover the 1.5 point spread, they must win the game by 2 points or more. Conversely, Kansas City can cover by winning the game outright or losing by less than 2 points. (Odds and point totals are from Friday at FanDuel, The Associated Press’ official odds provider.) The spread can change up until kickoff — and even during live betting, we’ll get to that later — but the number is locked in when you place your bet. .

An integer, say, 2-point spread, opens up the possibility of a so-called “push” if the winning margin is tied. You win nothing other than getting your original bet back. This also applies to other bets, which is why many of them include a fraction, such as 44.5 yards or 48.5 points.

Don’t you want to mess with the points and pick a winner? This is called the cash line. Betting on the Eagles to win the game, regardless of the score, is slightly more profitable than using the point spread. You will need to bet $122 of your own money to win $100. (Of course you get your original $122 back as part of the $222 payout.) A money line made in Kansas City, however, earns $104 on a $100 bet, for a total payout of $204.

If you think the match will be a high-scoring affair, you might want to bet on the total, which currently stands at 50.5 points. This means that if you place an over bet, both teams must score at least 51 points combined to win your bet. If he doesn’t, the underdogs win.

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Yes But this can be very expensive. You can choose your spread or total – the alternative – to improve your odds of winning, but the further it deviates from the sportsbook number, the less you’ll pay if you win. (You can also pick a tougher number for a bigger potential payout, like betting the Chiefs will win by 20 points, but that’s a very risky strategy.) So if all you want to do is beat Kansas City – with the point spread, but currently offering if you want to get more than 1.5 points, you can bet on an alternative spread, like Kansas City getting 3.5 points. That’s helpful if you think the game could be decided by a 3-point field goal and want an extra cushion. But since you are choosing better options for yourself, the bet is more expensive: you have to put $166 of your own money to win $100 in that case. Additional bets can be won within so-called parlays of the same game, which are combinations of bets of the same game. But the more combined results you bet, the greater the probability that at least one of them will lose, sending your entire parlay up in flames.

If that sounds like a lot to take on, there are much easier ways to bet on the game, including some aimed at the amateur or those who know nothing about football. A perennial favorite is to bet on the coin toss at the start of the game, which team can choose to get the ball first. There are only two choices: heads or tails. You can even bet on what color the winning Gatorade coach will be decked out in at the end of the game. seriously

This is called a proposition or “prop” bet. This involves betting on whether or not a certain event will occur during the game, and the odds are wide. They can be incredibly simple, such as which team will get to guess the ball first, or score first.

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