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NFL Super Bowl Odds & Betting Guide

superbowl 54 2020 miami

The Super Bowl is one of the greatest spectacles in professional sports. Nearly a third of the United States watches the game itself but there are a whole host of festivities surrounding it. From the Super Bowl odds and TV ads to the halftime show to betting on all the crazy props, it’s one of the most anticipated days of the year, especially for NJ sportsbooks.

The 2020 Super Bowl will be held on February 2nd, 2020 at Hard Rock Stadium in Miami, Florida (the home of the Miami Dolphins).

2020 Super Bowl Odds – NFL Champion Futures Bets

List of leading NJ sportsbooks current moneyline odds for Super Bowl 54 (Top 10 teams)

(Updated 9/25/19)

 DraftKings SportsbookFanDuel SportsbookFOXBet Sportsbook
New England Patriots+700+700+750
Kansas City Chiefs+850+800+850
New Orleans Saints+1000+900+900
LA Rams+1000+950+1000
Philadelphia Eagles+1300+1400+1600
Indianapolis Colts+1400+1500+1600
Cleveland Browns+1400+1600+1700
LA Chargers+1600+1600+1600
Chicago Bears+1800+1700+1400
Green Bay Packers+2000+1900+2000

Last year, the state of New Jersey took in about $35 million in bets on the big game but that’s when sports betting was just getting underway. This time around, NFL betting in NJ for Superbowl 54 are expected to be at least double that number – if not triple.

2020 Super Bowl Details

superbowl 2020

Super Bowl 54

Teams: TBD

Date: February 2nd, 2020

Location: Hard Rock Stadium – Miami, Florida

Kickoff Time: 6:30 p.m. ET

Broadcast: The 2020 Super Bowl will be broadcast on CBS and streamed online via CBS All Access.

 


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How Much Money Will Be Bet On Super Bowl 54?

The Super Bowl is one of the biggest sporting events of the year, so it’s not surprising that it’s a popular day for betting too. In 2018, the state of New Jersey handled $34.9 million in Super Bowl bets. However, remember that sports betting was just getting started in the state at that time.

For comparison, the handle in Nevada for the Super Bowl was $145,935,025, so you can expect New Jersey to put up similar numbers for the 2020 Super Bowl.

Different Types Of Wagers On The Super Bowl

Super Bowl Sunday features just one game, so you might think your NJ online sports betting options are limited. That couldn’t be further from the reality as the sportsbooks give you the opportunity to bet on every single aspect of the game.

Point Spread

The most common approach to betting on the NFL and the Super Bowl is the point spread. The sportsbooks will release their lines for the big game with a spread assigned to the specific matchup. Here’s an example:

Los Angeles Rams +2.5
New England Patriots -2.5

The point spread represents an expected margin of victory to a degree. Bettors can pick which team they want to bet on to cover the point spread. If they pick the sports betting favorite – the team with the minus sign in front of their odds – then that team will need to not only win the game outright but also cover the point spread. In this case, New England would have to win by three or more. If they win and cover, that is referred to as “beating the spread”.

Meanwhile, anybody that wants to bet on the underdog – the team with the plus sign in front of their odds – they will only need that team to cover the point spread. In this case, the Rams could lose by two or one, or win the game, and you’d win your bet.

The point spread depends on the perceived matchup and how the sportsbooks feel the contest will play out.

Money Line

Another common type of Super Bowl wager is the money line. This is betting on the outright winner of the game. The sportsbooks will assign the teams playing in the Super Bowl money line odds. Let’s use the following example:

Los Angeles Rams +250
New England Patriots -300

If the number is preceded by a “-“, then that team is considered the favorite. If the money line number is preceded by a “+”, then that team is considered an underdog. In this case, the Patriots listed at -300 and the Rams listed at +250. This means that if you bet on New England, you need to risk $250 to win $100. On the flip side, if you want to bet on Los Angeles, you can risk $100 to win $200. You don’t have to bet exactly those amounts but this gives you an idea of what the payouts will be.

Totals – Over/Under

As is the case with the money line and the point spread, most people are familiar with betting totals. These wagers are often referred to as the Over/Under. When betting on the totals for the Super Bowl, football fans will need to check out the assigned number given to the game by the sportsbooks. That total serves as the mark for which to bet on, depending on when you think the teams will combine for more points or less points than the number. For example, if the total for the game is listed at 57.5, then anybody that bets the Over needs the teams to combine to score 58 points or more. Anybody that bets the Under needs the teams to combine for 57 points or less in order to win their wager.

Futures

Futures bets are a type of long-term bet, like predicting who’ll win the Super Bowl early on in the season. These are not available when the Super Bowl is the last game of the year but they are available earlier in the season. For example, let’s say at the start of the season, you want to bet the Patriots to win it all. You might see odds like this:

Super Bowl 2020 Winner
Patriots 6/1
Rams 8/1
Saints 10/1
Chiefs 10/1

In this case, you bet on the team you think will win the Super Bowl and if you win, you’ll get a nice payout. On the flip side, the risk here is that your bet is usually locked up for a while.

Propositions (Prop Bets)

One of the things that makes Super Bowl betting so much fun is the props. Rather than betting on the outcomes of the games, fans can bet on specific results within the game. Sportsbooks will set proposition lines for everything from the number of passing yards a quarterback will throw for to the total number of turnovers in the game, the result of the coin toss and the length of the halftime performance. You’ll even get wacky ones like what outfit the halftime performer will wear to how long it will take to sing the national anthem.

One of the best parts about prop bets is that they don’t necessarily depend on the final score of the actual game, so if you have no good feel on who’ll win the game, you have the option to bet on these props.

Parlays

Another popular Super Bowl wager are parlays. A parlay is a type of bet where you predict multiple outcomes and if any are wrong, you lose the bet. However, if they’re all correct, you win a nice payday.

In the Super Bowl, that might mean parlaying the game winner and the total. Or it could mean parlay some props – if your sportsbook allows it. There’s greater risk with parlays but greater reward.

Where To Bet On Super Bowl 2020 In The State Of New Jersey

The state of New Jersey is one of the leaders when it comes to sports betting. There are already 13 online sportsbooks available to players and 10 more land-based books. All of them will be fully loaded with sports betting options when it comes to the NFL’s biggest game.

Here’s a look at where you can bet on Super Bowl 2020:

NJ Online Sportsbooks

  • DraftKings Sportsbook
  • BetStars NJ
  • FanDuel Sportsbook
  • SugarHouse Sportsbook
  • 888 Sport NJ
  • Caesars Sportsbook
  • playMGM Sportsbook
  • William Hill NJ
  • PointsBet
  • Hard Rock
  • Resorts
  • BetAmerica Sport
  • Golden Nugget Sports

NJ Retail Sportsbooks

  • William Hill Sports Bar at Monmouth Park
  • FanDuel Sportsbook at the Meadowlands
  • Borgata Race & Sports Bar
  • Harrah’s Sportsbook
  • The Sportsbook at Golden Nugget
  • DraftKings Sportsbook at Resorts
  • Wild Wild West Sportsbook at Bally’s
  • William Hill Sportsbook at Ocean Resort
  • William Hill Sportsbook at Tropicana
  • Hard Rock Sportsbook
  • NJ sportsbook map

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