Is Betting on the Super Bowl Legal in Michigan?
Yes, betting on the Super Bowl is legal in Michigan. In December 2019, Gov. Gretchen Whitmer signed a package of gaming bills into law, including retail and mobile sports betting in Michigan. The three commercial casinos in Detroit began to offer sports wagering on March 11, 2020, and on Jan. 19, 2021, Michigan officially went live with online sports betting.
Why Bet on the Super Bowl Online vs. In-Person in Michigan?
There are several benefits to betting on the Super Bowl at an online sportsbook vs. going to a brick-and-mortar location.
Online wagering is perfect for those who are not near a retail sportsbook. Players can sign up, deposit and log their bets on their mobile devices. With the harsh winters in Michigan, it may not always be ideal to drive, making online betting an option for everyone no matter the circumstances.
Sports betting online in Michigan also allows you to shop the betting lines on the NFL teams from multiple operators, allowing you to lock in the most value. If you are sitting in a casino sportsbook, the Super Bowl odds you see are the only ones you get. Plus, you can only enjoy live betting through mobile or online wagering.
Sure, in-person betting is a unique experience, especially for first-time bettors. New players can get the experience of going up to a ticket window, placing their wagers and holding a physical betting slip. They also might not find a place to sit in a crowded sportsbook during a big event.
Super Bowl Betting vs. Betting on the Regular Season
The number of betting options is one of the biggest differences between betting on the Super Bowl compared to the regular season game. Sportsbooks are prepared for the amount of action they’re bound to receive when it comes to Super Bowl Sunday, so they make sure there are plenty of Super Bowl betting odds available to all types of players. Bettors can wager on the coin toss, the color of Gatorade used to douse the winning coach and virtually every statistical prop imaginable. These types of options are not available to players during a regular season contest.
How to Bet on the Super Bowl Online
First, be sure to read our reviews of the top Super Bowl betting sites in Michigan at GreatLakesStakes.com. Once you choose one, click on the link and you will be sent to the online sportsbook’s website. Select “register” and start the sign-up process.
You’ll be asked to select a password and username, in addition to providing the last four digits of your Social Security number and verify proof of your address. Once you’re verified and your account has been created, you can start making deposits. You may be asked for a copy of your driver’s license or passport as another means of verifying your identity.
Once you’ve completed the verification process, you can start betting on the Super Bowl. With it being such a premier betting event, the Super Bowl should be listed on the sportsbook’s home page. Select it and scroll through the betting options to see what interests you.
Betting on the Super Bowl MVP
One of the popular Super Bowl props in the big game is wagering on who will be named Most Valuable Player. This Super Bowl prop bet can be found once you select the Super Bowl from the betting options on the sportsbook, then scroll until you see the MVP category. From there, you’ll see a list of eligible players and their betting odds to earn MVP.
Common Mistakes When Betting on the Super Bowl
Making Wagers You Don’t Understand
With so many betting options, it can be easy to get lost and confused when looking for the bets you want. That’s why it’s important to check over the bets and take your time. If you have questions, ask customer service on the website. Be sure you’re making the intended wager and don’t bet on props or other wagers you don’t completely understand.
Bets That Work Against Each Other
If you decide to make more than one bet, be sure they make sense together. For instance, you may not want to take the under on a star quarterback’s total yards for the game and the over on the total points. Those two bets could contradict each other (assuming it is a pass-heavy team), and you’re essentially hedging against yourself, which is not a good way to turn a profit.
Check Your Tickets
Whether it’s a software error or human error from a sportsbook employee, mistakes happen. That’s why it’s vital you check over each of your tickets to make sure what’s listed on them are the bets you want to make. Errors can be fixed before kickoff, depending on the sportsbook’s rules. But if you’re late to catch the mistake, you may have a difficult time getting a refund on the bets you wanted to make.
Super Bowl Betting Options
Point spread betting is one of the most popular forms of betting in any sport or contest and wagering on the Super Bowl betting line is no different. In spread betting, the favorite must win by more than the spread for a bet to cash; an underdog must either lose by less than the spread or win outright. or more while the underdog can lose by, while underdogs can lose by that many.
Wagering on the moneyline is simply picking a team to win the game. Moneyline odds revolve around winning $100. For example, in Super Bowl 55, the Kansas City Chiefs were -166 favorites over the Buccaneers. A Chief's backer would earn $100 for every $166 wagered on the Chiefs. Tampa Bay entered as +144 underdogs, meaning that every $100 bet on Tampa Bay would return $144.
Betting on the totals is predicting how many points will be scored by the two teams combined. You can either take Over or Under the line set by the sportsbook.
The Super Bowl is known to have more prop bets available than any other game. Every statistical prop is available, such as how many touchdowns will be scored by a certain player or team, the Over-Under for an individual or team’s yardage and special props such as the result of the coin toss. Essentially, if there’s a Super Bowl prop for just about everyone.
Super Bowl futures odds are one of the most popular forms of future bets. They are available throughout the year, allowing bettors to pick who they think will reach the Super Bowl and win it all before the matchup is set.
Super Bowl Betting Tips
With every sportsbook set to feature the Super Bowl, line shopping can easily be done across all online books available in Michigan. Finding the best betting lines will give you a better chance at success and maximizing your profits. The team you want to bet on could be -2.5 on one book and -3 on another, making 2.5 a better value play. The same advice goes for futures odds, which can vary significantly among sports betting sites.
Just because the Super Bowl is the biggest game of the year, it doesn’t mean you abandon your bankroll management and make a recklessly large wager on the game. If you made it through the football season with a disciplined bankroll, you don’t want to throw it all away over one game. And if you have yet to set up a bankroll strategy, it’s never too late to start.
To set up your own bankroll, first, you must choose a standard wagering unit. These units can vary from player to player, but typically, a higher bankroll will have bigger units. There is no set rule as to what percentage size a unit should be, but it should be low enough to withstand any losing streak. For example, if a player’s bankroll is $1,000 and they decide to wager 2% for each bet, that would mean the standard unit is $20. For a bankroll of $10,000, a unit would be $200.
Monitor Injury Status of Key Players
Football is a grueling sport, and after a long season, injuries can start to take a toll on a team. That’s why it’s imperative to check on key players for each team leading up to the Super Bowl. Quarterbacks are worth the most points to oddsmakers, but a culmination of other injuries to important players can make a difference in the spread and moneyline odds.
Super Bowl FAQ
Super Bowl LVI will take place on Feb. 6, 2022.
The New England Patriots and Pittsburgh Steelers are tied for the most Super Bowl wins with six each.
The Patriots have made 11 Super Bowl appearances, while the Steelers and Dallas Cowboys have eight each.
Four teams have never been to the Super Bowl, including the Cleveland Browns, Detroit Lions, Jacksonville Jaguars and Houston Texans.
Wagering on the spread and moneyline are two of the most popular Super Bowls odds to bet on. Betting on the MVP and coin toss are among the more popular prop bets. How much is bet on the Super Bowl every year? For Super Bowl LV, the American Gaming Association projected 23.2 million Americans would bet on Super Bowl LV with a combined handle of nearly $4.3 billion. That number is down from the previous Super Bowl, largely due to COVID.
Betting on the Super Bowl winner is a futures bet that’s available on all sportsbooks throughout the year. The best time to bet is when you sense the most value. Jumping on a surprise team early can offer the best payouts.
For Super Bowl LV, there were two large bets that were some of the biggest in history. Jim “Mattress Mack” McIngvale dropped $3.46 million on the Tampa Bay Buccaneers at +3.5 (-127), while a bettor in Nevada used BetMGM to place a $2.3 million bet on the Buccaneers at +3.5 (-115). For Super Bowl XLIV, 10-time World Series of Poker bracelet winner Phil Ivey dropped $2 million on the Indianapolis Colts moneyline, only to see the Colts lose 31-17 to a New Orleans Saints team led by Drew Brees.
With a decade in the media and gambling space in Michigan, I aim to bring you the latest news and developments in Michigan online casino and sports betting.