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How to read Super Bowl 56 Odds

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.

There are two steps to convert decimal odds into a fraction. Step 1) Convert decimals odds into a fraction by subtracting 1, and using 1 as the denominator. Example: 3.40 – 1 = 2.40. This creates the decimal odds of 2.40/1. While this is a perfectly good fraction, bookmakers never use numbers with decimal points in fractionals. Example: 40% probability = 1/(40/100) = 2.50. How to get the best odds. Before placing a bet you should always compare odds. A pro knows that when you place a bet you must have an advantage. Betting on the 'feeling' is the strategy used by most amateurs and that's the reason why they keep loosing money.

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

1 9 Betting Odds Calculator

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)

1 9 Betting Odds Football

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.

A-10 opponents square off when the Duquesne Dukes (1-1) host the Fordham Rams (0-0) at Kerr Fitness Center, tipping off at 2:00 PM ET on Saturday, January 9, 2021. The Dukes are 14-point favorites in the game, the first matchup between the teams this season. The matchup has a point total of 127.5.

The betting insights in this article reflect betting data from DraftKings as of January 9, 2021, 2:15 AM ET. See table below for current betting odds and CLICK HERE to bet at DraftKings Sportsbook.

Betting Odds

Duquesne Betting Information

• With a mark of 12-13, Duquesne had a losing record against the spread last season.
• The Dukes had a losing record against the spread when favored by at least 14 points, going 0-2 last season.
• In 48% of its games last season (12/25), Duquesne and its opponents outscored the set over/under.
• In their last game, the Dukes got a team-high 21 points from Tavian Dunn-Martin on the way to an 81-68 win over UNC Greensboro on Wednesday. They covered the spread as 2-point underdogs, and the teams combined to score 149 points to go over the 141.5 point total.

Against the Spread (ATS) records are only reflective of games that had odds on them.

Duquesne Players to Watch

Fordham Betting Information

• The Rams held a losing record ATS last season, covering 11 times, failing to cover 15 times, and pushing two times.
• The Rams were at least a 14-point underdog second times last season, where they had a record of 1-0 against the spread.
• The Rams and their opponents regularly failed to cover the total points bet last season, doing so in 39.3% (11) of their 28 games played.

Against the Spread (ATS) records are only reflective of games that had odds on them.

Fordham Players to Watch

Total Facts

• Duquesne and its opponents went over Saturday’s 127.5 total in 23 out of 30 games (76.7%) last year.
• In 29% of Fordham’s games last season (9 of 31), the total points scored was higher than Saturday’s 127.5-point over/under.
• The total for the contest of 127.5 is 2.6 points fewer than the combined points per game averages last season for the Dukes (71.5 points per game) and the Rams (58.6 points per game).
• The 128.1 points per game these two teams allowed their opponents to score on average last season are 0.6 more than the 127.5 over/under in this contest.
• Last season, the average total for Dukes games was 138 points, 10.5 more than the over/under of 127.5 points for this contest.
• The over/under for this contest is 7.2 points more than the average over/under in Rams games last season (120.3 points).

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