While the World Cup Final was the biggest event of the 2022 calendar year, it is likely that for North Americans, the biggest event circled on the 2023 calendar is the upcoming Super Bowl. This game is a massive spectacle for sports fans and bettors, with every sportsbook offering a huge number of odds for Canadians. With tons of excitement to be had and money to be made, it is the biggest day of the year for many Canadian gamblers. If you are looking to dip your toes into the gambling bonanza of the NFL’s Super Bowl, we’re here to help. Below, we’re going to explore how to bet on the Super Bowl in Canada.

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What to Know For Super Bowl LVII (57)

The 2022-2023 NFL season is set to wrap up with Super Bowl LVII. This game will kick off at 6:30 pm on February 12th at State Farm Stadium in Glendale, Arizona, home of the Arizona Cardinals. The game will be broadcast by FOX, and the halftime show will feature international pop star Rihanna.
Canadians can watch the Super Bowl live on TSN, CTV, and CTV2 to enjoy the biggest sporting event of the year live. The game has yet to be decided for this year’s showdown, as at the time of writing, we are just beginning the playoffs. So much has yet to be determined for the event, and we will continue to update bettors as the playoffs progress. Leading into the playoffs, there are several teams that bettors have favored as the most likely to emerge into the big game. 

Kansas City Chiefs: The Chiefs are the favorite to win the big game entering the postseason, and it is easy to see why. Even after losing Tyreek Hill in the offseason, Patrick Mahomes remains a game-changer. The former Super Bowl champion has a track record of playoff dominance, and he hasn’t missed a beat this year. He is a one-man show and paired with Travis Kelce; the points will come in bunches. The defense has shown signs of growth this season as well.

Buffalo Bills: Could this finally be the year the rowdy Buffalo fans get the ultimate trophy? The team has experienced some devastating postseason losses, but now they are playing with purpose. They have excelled on both offense and defense this season, and quarterback Josh Allen is one of the single best players in the league. They’ve had unfortunate luck in the postseason before, but this could be the year their luck turns.

San Francisco 49ers: This resilient squad has been through the wringer this year, losing their first and second-string quarterbacks. The craziest part? They haven’t missed a beat. Seventh-round rookie Brock Purdy has stepped up, and the team has continued to dominate behind what is likely the best defense in the NFL. With elite offensive playmakers that include Deebo Samuel, Christian McCaffrey, and George Kittle, they are a tough out. 

Philadelphia Eagles: The Eagles performed better than anyone this year when starting quarterback Jalen Hurts was healthy, and after a bye through the first round, he’ll likely be back in tip-top shape. They are a balanced team that can beat opponents in several ways, with a stifling defense or a high-powered offense. The only reason they are ranked low here is concerns with health and a lack of deep postseason experience.

Cincinnati Bengals: The Bengals shocked the world with their run to the Super Bowl last year. Could they do it again? They have been one of the hottest teams in the NFL down the stretch, and they now have postseason experience. Led by all-world quarterback Joe Burrow and offensive playmakers Ja’Marr Chase and Tee Higgins, as well as a wildly underrated defense, the Bengals can hang around with anyone.

Top Super Bowl Sportsbooks

One of the most important things to consider when learning how to bet on the Super Bowl in Canada, is which Canadian sportsbook you’re going to do your betting with for the big game. The success of your Super Bowl betting, like any kind of betting, has a lot to do with the odds the sportsbook gives you, so to ensure you pick a good one for your Super Bowl betting, we’ve put together a short list of the top five options in Canada:

  • Sports Interaction: Our favourite Canadian sportsbooks, new members get up to $500 in free bets upon joining and they’ve got top of the line odds on their Super Bowl betting markets!
    👉 Visit Sports Interaction site
  • 888sport: Another top contender, 888sport separates itself with the enormous number of Super Bowl betting markets it has at its disposal.
    👉 Visit 888sport site
  • ShangriLa: This sportsbook offers tons of bonuses and free bets but also features not only live betting options but bet builders as well.
    👉 Visit ShangriLa site
  • Fezbet: One of the few Canadian sportsbooks that offer live streaming for several of its betting markets, and it also accepts cryptocurrencies for all you burgeoning crypto-philes out there.
    👉 Visit Fezbet site
  • Powbet: New kid on the block offering a lot of value on their Super Bowl odds as well as a $150 welcome bonus for new bettors.
    👉 Visit Powbet site

Super Bowl Betting - Understanding Odds

The first thing to get under your belt if you’re a beginner bettor trying to learn how to bet on the Super Bowl is how to understand the odds you’re dealing with.

First, we have decimal odds, which are probably the most commonly used odds in the Great White North. Not only that, but they’re easily the most simple way to calculate payouts: simply multiply the decimal odds number by your stake. For example, a $10 bet on 2.5 decimal odds would yield (10 x 2.5) $25. The higher the decimal number, the higher the odds, and the higher the payout. Decimal odds below 2.0 will yield less in winnings than your original stake and usually indicate a favourite.

For American odds, it’s a bit more complicated but still very simple. When you see a minus (-) symbol that indicates a favourite or something that’s likely to happen. To calculate payout, simply look at the number next to the (-) symbol: that number is how much money you would need to bet to win $100. For example, -150 odds means you need to bet $150 to win $100, -500 odds means you need to bet $500 to win $100.

When you see a plus (+) symbol when dealing with American odds, that means you’re dealing with an underdog or something that’s unlikely to happen. To calculate payout, simply look at the number next to the (+) symbol: that’s how much you will win on a $100 bet. For example, +150 odds means you’ll win $150 on a $100 bet and +500 odds means you’ll win $500 on a $100 bet.

Currently, the odds are favouring the Los Angeles Rams in their home stadium. The Rams had a better regular-season record than the Bengals, who are the upstart team here. This definitely doesn’t make it a sure thing that the Rams will win, as the betting favourite has only won three of the last six Super Bowls. The Rams are a -4 point favourite, meaning they are favoured to win by four points. The total for the game is set at 49.5, meaning Vegas sees this as a likely high-scoring game.

Super Bowl Betting - Markets & Bet Types

When a big event like the Super Bowl comes around, there is always a far wider variety of betting markets specifically prop bets that are offered up to bettors. To help you navigate the different bet types and show you how to bet on the Super Bowl in Canada, we’ve broken down the most common of these markets.

  • Moneyline: The simplest of the bunch, a bettor is simply choosing a team to win the big game.
  • Point Spread: A much more popular bet during the Super Bowl is the point spread bet, where you’re betting on how much the favorite will win by or the underdog will lose by. This market equals the playing field by taking a number of points away from the favorite (the spread) and therefore making the odds on each side equal and reasonable.
  • Total: A wager on how many points will be scored in the big game, this can be a fun bet to make because you don’t have to worry about who will win, just as long as they score the right amount of points. You can bet on the teams to combine to score over or under the proposed number.
  • Props: There are countless regular game-related props like touchdown scorer, how many yards a player might have, who will win the third quarter, etc. But during the Super Bowl they also have some fun ones unrelated to the game, like which color Gatorade will be poured on the winning coach, how long it will take for the National Anthem to be sung, what order commercials will appear on the broadcast, etc.
  • Futures: This market allows you to make a bet on the Super Bowl winner and participants before the season even commences. This means that even the top favorites will be offering valuable odds, so a one-two futures bet on a Super Bowl champ as early as possible is usually not a bad idea.
  • Parlays: Also known as accumulators or combo bets, parlay betting is simply two or more individual bets rolled into one, with the fates of all selections involved linked together. If you lose one part of the parlay, the whole parlay loses. It offers exponentially higher odds, but the risk is also much higher.

Super Bowl Betting Strategies & Stats

Now that you’ve been informed on the logistics of Super Bowl betting, we can get into some sneaky Super Bowl betting strategies, as well as some useful Super Bowl stats and trends that could give you a betting advantage.

  • Follow The Line: Once the Super Bowl participants are set, the line moves a lot over the next 24 hours, then cools off for a couple of weeks until the 48 hours right before kickoff, when there’s tons of movement again. If you’ve got a spread number in mind, keeping a close eye on the line during these two periods could be very beneficial: 11 of the past 14 Super Bowl winners were backed by the early line movement.
  • Count On The Jitterbug: If you think learning how to bet on the Super Bowl in Canada is tough, just imagine playing in the darn thing. There are always nerves and big-game jitters, no matter who they are, no matter how many times they’ve been there. Because of this, teams have come out of the gates slow in recent years: the last 14 Super Bowls have seen an average of just 7.1 points per first quarter. Get to smashing that first quarter under people.
  • Think Up A Script: A good way to have success with your Super Bowl betting is to consider the game script beforehand: will the teams throw a lot, do they have strong defenses, do they have strong running games, do they have good kickers. Figuring out what you think is the most likely game script allows you to bet with a strategy in mind of how the game is going to go, and what needs to happen for the game to go that way. For example, if you’re expecting a barnburner, don’t just take the over on the game total points, also pick several players to hit their yardage and touchdown overs as well.

Other Notable Stats

  • 37 of 56 Super Bowls were won by the team that scored first
  • 37 of 56 Super Bowls were won straight up by the betting favorite
  • 30 of 56 coin tosses have turned up Tails
  • The over has gone 26-27-1 in Super Bowl history, including 10-11 over the past 21 years
  • 5 of the past 7 Super Bowls were won and covered by the AFC participant