What You Need To Know Before Placing Your First Super Bowl Bet

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What You Need To Know Before Placing Your First Super Bowl Bet

Anticipation continues to build for Super Bowl 58, which will see the San Francisco 49ers take on the Kansas City Chiefs on Sunday. It’s one of the biggest sporting events of the year, and the best Super Bowl betting sites are ready with hundreds of betting options, as well as promo deals for new users. 

For those who are new to sports betting, placing a wager online may seem a little intimidating. However, it’s actually a simple and straightforward process. You can sign up, choose your bet, and place it in mere minutes. Read on for a complete guide to placing your first Super Bowl bet.   

How do I sign up for a sports betting app?

The sign-up process for most sports betting apps is generally quick and painless. From start to finish, you’re looking at just a few minutes of your time. Just follow the steps below, and you’ll be ready to place your first Super Bowl bet

After signing up, be sure that you have a clear understanding of the terms and conditions of any Super Bowl promos that you have accepted. For example, some bonuses may be tied directly to your initial deposit or the first wager that you place at the site. Our state-by-state guide has additional information on legal Super Bowl betting and where you can place your bets. 

What is the best Super Bowl sportsbook promo?

New users will have a variety of Super Bowl 58 promos to choose from in many of the states where sports betting is legal. And if you want, you can sign up at multiple sportsbooks, compare the available odds and betting options, and claim each one’s promotion for new users. However, it’s important to remember to always play responsibly and within your means. 

Depending on where you live, you will either see the top Super Bowl betting sites, or sports betting site alternatives.

How do I deposit on a sportsbook app?

Each of the top online sportsbooks has a variety of deposit options for users to choose from. The exact choices will vary by book, but some of the methods are commonplace and available on nearly all sites, such as PayPal, online banking, and debit and credit cards. Other options, including Venmo, are available at select sportsbooks. 

Regardless of the method, making a deposit on a sportsbook app is simple. Just locate the cashier section and follow the prompts. You’ll choose the option that you prefer, add the amount of your deposit, confirm that everything is correct, and submit. Once the book processes your transaction, funds will be immediately available in your account for wagering.  

Where do I find the Super Bowl bet I want?

No matter which betting site(s) you choose for the Super Bowl, you’ll have little trouble locating the available wagers for the biggest wagering event of the year. Head either to the book’s NFL section, its designated Super Bowl 58 section, if available, or some variation or abbreviation. 

Let’s take a look at an example using BetMGM Sportsbook. From the homepage, this is what you’ll find after clicking the NFL tab. 

Typically, the first options will be the main game odds. If you click on the “all wagers” link, you’ll see all of the available bets. 

You can also sort betting options in the tabs below the main game listing. 

Once you’ve located the Super Bowl bets that interest you the most, it’s time to get ready to wager. 

How do I make a Super Bowl bet?

To make a Super Bowl bet at a legal sportsbook app, you begin by clicking the odds for your selection. That transfers the wager you’ve selected to a betting slip, where you’ll add in the amount that you want to bet, verify your choice, and submit the bet. Here is a brief explanation of the three main bets for the game: 

Using the above game listing as an example, the 49ers are at -2 on the point spread with odds of -110, while the Chiefs are +2 with the same odds. The over/under is 47.5 points, with odds of -110 for each of the two choices. For the moneyline, San Francisco has odds of -130 to win the game, and Kansas City is at +110.

Now, let’s say that you decided to bet $100 on the moneyline. If you wager on the 49ers and they go on to win, the profit potential at odds of -130 is $76.90. If you place a bet of the same amount on the Chiefs and they go on to victory, you’d receive back $110 in winnings. In short, the amount that you can expect back for a winning Super Bowl bet will depend upon the odds and how much you wager.    

For another example, the winner of the Super Bowl MVP award is among the hundreds of prop bets available for the big game. Patrick Mahomes has odds of +125 to win, while Brock Purdy is at +220. A winning $50 bet on Mahomes at odds of +125 would return $62.50 in winnings. Meanwhile, if you wagered the same amount on Purdy and he went on to win the award, you would be in line for $110 in profit. 

How do I cash out if my bet wins?

Once bets are settled by the sportsbook, any winnings will appear in your account right away. For bets on something happening in a specific game (like the Super Bowl), that’ll happen soon after the final whistle blows. Other wagers will settle even quicker, such as a bet on some aspect of the first half of the game. 

If you wish to withdraw money from your account, head to the cashier section of the app. Click the withdraw option to begin the process and put in the amount that you wish to take out. Next, verify that everything looks good and submit your request. From there, the sportsbook has to approve the withdrawal before it will release your funds.  

The approval process tends to move quickly, but it can take a little extra time during particularly busy periods. You’ll receive a confirmation that it has been received, and additional notification once the process is complete. The amount of time that it takes for you to receive your funds will depend on the method that you choose. 

As an example, let’s say that the sportsbook processes the withdrawal on the same day that you request it. If you choose to receive the funds via PayPal or online banking, those options could process the request as soon as the next day, but it may take up to two or three business days. Other options, such as a paper check, may take seven days or longer.