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How to read Super Bowl 56 Odds
Monitoring public betting data is a vital tool used by sharp bettors to find value within the sports betting marketplace. Spread A point spread allows bettors to wager on the margin of victory in an NFL game. NFL playoffs: Conference championship odds. Share this article 4 shares share tweet text email link Jess Root. January 23, 2021 8:10 pm. The AFC and NFC title games are on Sunday and will.
The Kansas City Chiefs lost to the Tampa Bay Buccaneers in Super Bowl 55. However, the Chiefs remain the favorites to win Super Bowl 56 at SoFi Stadium in Inglewood, California.
The Chiefs are listed at 6/1 odds (Bet $100 to win $600), while the defending champion Buccaneers are the third-betting choice at 10/1.
In between Kansas City and Tampa Bay are the Green Bay Packers, who are currently at 9/1 odds.
Here is a quick reference on Super Bowl odds for the upcoming 2021 NFL season.
How to read NFL Las Vegas Odds
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
Ex. Favorite -10, Underdog +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.
Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.
Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
VI Consensus NFL Line
The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.
The Denver Broncos (3-5) visit the Las Vegas Raiders’ (5-3) new digs Sunday for a 4:05 p.m. ET kickoff at Allegiant Stadium. Below, we preview the Broncos-Raiders betting odds and lines and make our NFL picks and predictions.
Broncos at Raiders: Betting odds, spread and lines
Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated Saturday at 6:24 p.m. ET.
Money line: Broncos +170 (bet $100 to win $170) Raiders -200 (bet $200 to win $100)Against the spread/ATS: Broncos +3.5 (-110) Raiders -3.5 (-110)Over/Under: 50.5 (O: -115 U: -106)Special Colorado Betting Promotion
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Broncos at Raiders: Game notes
The Broncos scored 21 points in the fourth quarter for a second consecutive week. However, they weren’t able to pull out the victory last week at the Atlanta Falcons (34-27 loss) as they did in Week 8 vs. the Los Angeles Chargers (31-30 win).The Raiders pulled out a nail-biter against the Chargers 31-26 in Week 9. Los Angeles scored a would-be go-ahead touchdown pass on the final play of the game, but an official replay ruled that the ball hit the ground, giving Las Vegas the victory.Denver has failed to cover in five straight meetings with Las Vegas, four of which the Broncos were favorites.
Broncos at Raiders: Key injuries
Broncos
CB Bryce Callahan (ankle) questionableOT Demar Dotson (groin, hand) questionableWR Jerry Jeudy (shoulder) questionableWR/KR Diontae Spencer (shoulder) questionableRaiders
OT Trent Brown (COVID) outDT Maurice Hurst (ankle) outG Gabe Jackson (illness) questionableLB Cory Littleton (COVID-list) questionableOT Kolton Miller (ankle) doubtfulBroncos at Raiders: Odds, betting lines, predictions and picks
Prediction
Broncos 29, Raiders 25
Chiefs Broncos Bets
Money line (?)
This is the perfect time to buy low on the BRONCOS (+170) and sell high with the Raiders (-200). Las Vegas is going to be missing three offensive linemen, while Denver’s two best cornerbacks are returning from injury—A.J. Bouye and Bryce Callahan.
Both teams’ run games are roughly average, but the Broncos put more in the box to stymie the run against a beat-up Raiders offensive line and put their good cornerbacks on islands. Truthfully, I’m not in love with Denver’s offense. However, their RBs Melvin Gordon and Phillip Lindsay are both active for this game.
I “LIKE” BRONCOS (+170) for 1 unit.
Against the spread (?)
Las Vegas opened as a 5-point favorite before the market started betting the BRONCOS +3.5 (-110) down to its current price. The Raiders play their home games in Las Vegas and the town LOVES the Silver and Black. Yet, the market is betting against one of the biggest marketplaces (Las Vegas).
For the line to move a point-and-a-half in Denver’s direction tells me that someone really likes the Broncos here. That someone is probably very smart and does this football handicapping thing better than you or me. We should follow that money.
Most importantly we are on Denver to win outright, so let’s BET BRONCOS +3.5 (-110) for 2.5 units.
Over/Under (?)
Broncos Betting
Raiders QB Derek Carr has been fantastic this season—fifth in QB Rating, ninth in QBR and sixth in on-target percentage. Even though his offensive line is in tatters, I have faith he and head coach Jon Gruden are going to find some success in this game.
However, the Raiders defense isn’t exactly elite and the Broncos have put up a combined 58 points over the past two games. I only lean OVER 50.5 (-115) though, so bet at your own peril.
Want action on this NFL game? Sign up and bet at BetMGM. If you’re looking for more sports betting picks and tips, visit SportsbookWire.com. Please gamble responsibly.
Chiefs Broncos Betting Predictions
Also see:
QB Lock says WR Jeudy is ‘hitting his stride’ (Broncos Wire)Denver-Las Vegas: 5 key matchups (Raiders Wire)Follow @Geoffery_Clark on Twitter. Follow SportsbookWire on Twitter and like us on Facebook.
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