Every year in America, the Super Bowl is the most-bet game with millions of dollars wagered on two teams to win it all, and between recreational sports bettors and the public are making their NFL Super Bowl predictions and putting their money where their mouth is with the sportsbooks. The 2014 Superbowl, nearly $120 million was wagered on one side or the other. Chances are, you could be involved in an office pool or fantasy league pool where everyone puts their money where their mouths are.
Now that the 2015 Superbowl XLIV is approaching rapidly, a sharp few will apply betting strategy techniques to mitigate potential losses and maximize their possibility of a win. Let’s take a look at what some of the most common Super Bowl betting techniques used are and which are the most successful.
Common Super Bowl Betting Strategies
Moneyline Betting: This is often discussed as an emotional bet, because the moneyline betting requires more investment just to break even on it. That said, if you’re using emotions to make a profit in this game, you’re doing it wrong and uncharacteristic of a true sports investor. But it is the Super Bowl, and the flow of public money overrides sound reason with many recreational sports bettors – and smart investment opportunities for the sports investor and Sharps.
Some intuition is required to pick the best NFL team for the Super Bowl, but it should be ground in things that will affect the on-field performance at the game. That said, the moneyline is the betting type to play if you’ve spent a lot of time invested in the game and have seen statistics versus performance interaction.
Over/Under Betting (Totals): Whereas the totals betting strategy has been underwhelming (there were only six cases in the past 30 years of teams not covering the spread in the Super Bowl), it’s still a common way to bet. So long as you consider that the spread will likely be covered, this can still be used to your advantage strategically, at least to hedge against losses.
Betting the Underdog: While it would seem counter-intuitive, if the other two betting strategies seem tricky, and you are looking for a simple way to bet, likely the easiest thing to do is bet on the underdog.
That may seem problematic, given that the NFL is designed to ensure maximum parity, but facts bear out this simple point: between 2001 and 2014, the favorite has only won four times. So, based on that data, betting on the underdog or betting against the public opinion has a fairly good chance of success if you really don’t know what you are doing.
Sharps Using Intelligent Betting Strategies
While the above are common betting tactics with the recreational sports bettor, here are some intelligent betting tips to consider.
Crowd-sourcing Wagers: Whereas lines and odds are determined by a select group of odds makers, that group can often get things wrong, and adjust based on the popularity of specific bets. That popularity then adjusts the odds, in an effort to even out the lopsidedness of the bet. IntelligentBettingTips.com take advantage of that crowd-sourced knowledge within their big-data algorithms to give better, more accurate odds on the Superbowl predictions.
Treating Bets Like Investment Equities: IntelligentBettingTips.com, as mentioned above, treat wagers much as how stock equities are traded on the market, since there is a legitimate correlation between the two. By using market and investment strategies to watch where the wagers are headed, what the experts are doing, and how the public psychology plays into using market-based strategies on what the crowd is “buying” versus the reality of the game can produce great results: IBT’s results have produced a win/loss streak of 4:1 since inception in 2010, resulting in six figure profits for their sport investor members.
Using common betting techniques, like every Super Bowl and on Super Bowl 2015 will make the experience fun and maybe even make you a little money. But if you are ready to move to the next wagering level and treat sports betting as an investment vehicle in your overall portfolio (which on average has returned greater returns), using available sporting intelligence, just as Wall Street does with equity markets, can help you make better intelligent decisions, and net greater financial results.