Super Bowl: The Public Loves to Make a Super Bowl Bet. The most popular wager for the public to make every year is a Super Bowl bet. Even people that don’t normally make many wagers will want to get involved in 2011 Super Bowl betting. And yes, the public factor does affect Super Bowl odds.
9 of 10 Bettors
It has been estimated that nine out of every ten bettors who wager on the Super Bowl are public bettors. That means they are not professional gamblers. Everyone loves to bet the big game whether they know anything about football or not. Because the public is the big part of the wagering, the odds on the game are affected. Sportsbooks have no fear of wiseguys in the Super Bowl. What the books fear is the public and an avalanche of money on a popular side. The ideal situation for the sportsbook is when the favored team wins but does not cover the spread.
What Does the Public Bet?
In 2011 Super Bowl betting you can count on three things. The public will bet the favorite, the game to go over the total and the money line underdog. The public doesn’t worry about the pointspread at all. They are going to lay the points with the favored team or they are going to take the underdog on the money line. Value is not part of the equation for public bettors. That is one reason why five of the last six Super Bowls have gone under the total. It should also be noted that the last three underdogs have covered and two of the three have won outright.
If you go back a little further the favorite in the Super Bowl is just 2-6 ATS. It didn’t used to be that way though as if you go back further the favorites did quite well. We are in a cycle though were the underdogs have more than held their own. That is a good news/bad news scenario for the public. The public has lost laying points on the favorite but they have won on the money line in two of the last three Super Bowls with the underdogs as the Saints won last year while the Giants won three years ago.
As you make your Super Bowl bet at Sbgglobal keep the public factor in mind.