Super Bowl odds for Super Bowl XLII have dropped from their opening number which had New England a 13.5 point favorite against the New York Giants.
Super Bowl odds on the Patriots dropped to -12 but that number is expected to rise when the public starts betting New England in the days leading up to the Superbowl.
Super Bowl odds have the Patriots as a heavy favorite but New England has not rewarded bettors of late. The Patriots are 1-7 against the spread in their last 8 games and it is also worth noting that the Patriots have been to five Super Bowls and have only covered the Super Bowl odds only once. The Giants have been a pointspread winner of late, covering their last five games. They are 10-1 on the road this season and the NFL has designated them the road team in the Superbowl although the game is played on a neutral field in Arizona.
Early Super Bowl odds are often bet by the wise guys as they look for value. Taking the Giants plus the points and the game under the total would be the best value but that doesn’t mean those bets will win. Super Bowls have seen the favorite cover more than half the time and the game go over more often than not. Super Bowl odds should rise as the public starts betting the game. Usually with Super Bowl odds there is a lot of betting action just after the Super Bowl odds are released. Then things settle in and the Super Bowl odds don’t move much until a couple of days before the game. Super Bowl odds this year are expected to attract a record amount of money. Nevada, where sports betting is legal in the U.S., is expected to set a record with more than $100 million in wagers. World-wide, the numbers are expected to be in the billions, although no official numbers can be tracked for Superbowl betting.
New York is the early betting choice in Super Bowl odds but that may not continue in the days leading up to the game. The Patriots will be playing in perfect weather in Arizona and the offense that has been bottled up in recent weeks in the cold weather of New England should be unleashed in the Superbowl against the Giants.