Legal Super Bowl Betting
Each year, more and more Americans begin to explore their legal Super Bowl betting options. Even though there are only two land-based sportsbooks in the United States, billions of dollars are spent on the championship event each year. According to the American Gaming Association, US sports fans spent more than 4.7 billion dollars betting on Super Bowl LI. Interestingly enough, the majority of these wagers were not placed in Vegas or Delaware – they were placed online. Offshore sports betting sites have grown in popularity when it comes to betting on the Super Bowl. You can preview thousands of Super Bowl betting lines just by visiting an online sports betting site. Even with the millions of sports fans that use online sportsbooks, many citizens still have questions when it comes to this form of legal NFL betting.
Once you understand the legality of Super Bowl betting, you can start placing wagers at any of the top online sports betting sites. There are certain federal laws for sports betting that are worth knowing, though you may be surprised at how little of a direct impact they have on your online sports betting experience. After discussing laws, we can walk you through how to place legal Super Bowl bets online and what your options are for wagering. You will be equipped with everything you need to know about legal Super Bowl betting.
The question of is it legal to bet on the Super Bowl Online in the US comes up quite frequently amongst sports fans. The answer is yes, you can enjoy legal NFL betting as long as you use an offshore sports betting site. There are no federal laws that ban betting on the internet or placing sports bets online. The federal laws that do exist only target sports betting operators. For example, the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) prevents U.S. financial institutions and payment processors from accepting transactions related to online gambling. The law does not make internet gambling illegal, and it does not mention those placing the bets.
The Wire Act of 1961 is another federal law that does not penalize sports bettors. The Act prohibits those in the business of gambling from using wire communications to accept sports wagers or assist with the placement of such wagers. Again, there is no mention of the casual bettor, only businesses. While the federal laws do prevent online sports betting sites from being licensed in the US, it is completely safe to use offshore sportsbooks that are regulated in other countries. These sports betting sites are licensed to accept players from the U.S., meaning you can legally bet on the Super Bowl at any reputable site.
Before you can start placing bets on the Super Bowl at a legal sports betting sites, you will need to fund your sportsbook book account. There are a variety of legal sportsbook deposit methods for Super Bowl betting that you can choose from. Each legal NFL betting site will have options that vary in processing speed, fees, and deposit limits to fit your individual needs. Some of the fastest legal sportsbook deposit methods include Visa, MasterCard, American Express, and bitcoin.
Of these options, we would suggest using bitcoin to bet on the Super Bowl. The digital currency is extremely fast and also carries no additional fees. Within as little as 15 minutes, your funds will reach your sports betting account. Many bettors prefer bitcoin because instead of providing bank account or credit card numbers, you only need to transfer funds from your bitcoin wallet to that of the online sportsbook. Bitcoin also has higher limits than most of the other legal deposit options, aside from bank wires. Bank wire transfers are best for high rollers because there is no limit to the amount that you can deposit.
If you are already familiar with betting on the NFL, you will find that the legal Super Bowl wager types are similar. Online sportsbooks will accept both straight and exotic wagers on the biggest NFL event of the year. Though there are a variety of wager types to choose from, here are the most common bet types for legal Super Bowl betting:
Moneyline – Placing a bet on the moneyline is the simplest and most straightforward bet that you can make. You are betting on which team you believe will be the outright winner of the Super Bowl.
Point Spread – Betting on the point spread is the most popular type of legal NFL betting. A point spread will be assigned to both teams in order to level the action for both sides. If the point spread for the San Francisco 49ers is set at +4.5, the team would need to either win outright or lose by 4 points or less. If the point spread for the Baltimore Ravens was set at -4.5, the team would need to win by 5 points or more to cover the spread.
Totals - Totals are also known as over/under bets. With this type of legal NFL betting, the online sportsbook will set a total number of points to be scored in Super Bowl. You will wager on whether the total points scored by both teams will be over or under this amount.
As the Super Bowl draws closer, online sportsbooks will offer more NFL prop bets than any other time throughout the year. Betting on the outright winner is popular, but prop bets give you the opportunity to wager on various scenarios that could occur during the game. Super Bowl prop bets will typically fall into one of three categories – team props, player props, and game props.
Team Props are those that focus on how a specific team will perform. Some examples of team props would be the over/under on total points scored in the first half by the New England Patriots, will the Seattle Seahawks score in the first 7.5 minutes, or will the Atlanta Falcons score the first touchdown.
Player Props are based on the performance of an individual player. You will find that these props are often categorized by position. You can bet on total tackles and assists by a certain player, total passing yards, total touchdown passes, and more.
Game Props are quite varied and can be based on just about anything that happens in the game. You might bet on the winner of the coin toss, first touchdown scorer, or what type of score will happen first in the Super Bowl.
How Do I Request A Payout?
Wagering on the Super Bowl is fun, but actually winning cash is even better. When it comes time to collect your winnings, legal Super Bowl betting sites make it easy to request a payout. You can visit the Cashier page of your account to see a list of available sports betting withdrawal options. We recommend using bitcoin to withdraw your earnings. Not only is this the fastest legal payout method, it is also the most reliable. There are never any fees charged by most sportsbooks, and you only have to provide your BTC wallet address to receive your funds within 48 hours. If you are looking for options outside of bitcoin, other payout methods may include checks, bank wires, MoneyGram, and Western Union.
What Does the + and – Mean When Betting On The Super Bowl?
You will likely come across American betting odds most often at legal Super Bowl betting sites that cater to USA players. With American odds, the favorite will be designated by a (-) while the underdog will be designated by a (+). When betting on the favored team you will have to risk more than your potential win, and when wagering on the underdog your potential win will be more than your stake.
New England Patriots -165 vs. Dallas Cowboys +135
If you were to bet on the favored New England Patriots, you would need to risk $165 in order to win $100. As the Dallas Cowboys are the underdogs, you would only need to risk $100 to win $135. The key point to remember when reading American betting odds for legal NFL betting is the concept of the favorite (-) versus the (+) underdog.
Are There Bonuses For Betting On The Super Bowl?
Legal Super Bowl betting sites will offer tons of exclusive bonuses and promotions come NFL season. You will find that there are huge deposit bonuses that will match your deposit amount by a certain percentage. These bonuses can be used to bet on the Super Bowl and any other sport that you may be interested in. This can be especially useful if you are looking to add other sports to a parlay bet. Bonuses will be available for new players and those that have used the online sportsbook before. When you join an online sportsbook to wager on the Super Bowl, always check out the Bonuses page to instantly increase your bankroll.
What Is Live Betting?
Live betting on the Super Bowl is when you place bets as the action unfolds. Legal Super Bowl betting sites will update the odds after each play in the game. Considering that New England ran 93 plays in Super Bowl LI, you can imagine how many wagering opportunities live betting presents. Some of the betting options will include adjusted moneylines, even and odd props, game totals, player props, team totals, and more. Live betting is fast paced and you never know how the odds will change from minute to minute.
Is It Legal To Bet On The Super Bowl From My Phone?
Yes, it is legal to bet on the Super Bowl from your phone. Mobile Super Bowl betting gives you more flexibility in where and when you can place your bets. You will find the same Super Bowl betting lines on the mobile sportsbook, and the same wagering options. Legal Super Bowl betting sites make it easy to place bets from your smartphone, requiring no download to access the mobile sportsbook. Simply visit the site from your iPhone, Android, or tablet, and you will be redirected to the mobile sports betting site. Betting on the Super Bowl from your phone is the most convenient way to wager on the go.