NFL Betting: Is it Better To Wait & Make Your Super Bowl Bet At the Last Minute?
Odds have been posted for Super Bowl LV since the minute the AFC Championship Game concluded on January 24th. Lines have been changing since this date and this alteration will continue until kickoff. Many bettors utilize the strategy of waiting before locking in their Super Bowl betting slips. There are benefits and negatives to this strategy. Let’s have a look at the pros and cons of waiting to wager right before the game so you can get all set to make your bets against their Super Bowl odds.
Wait to Place Your Super Bowl Bet Right Before the Game. Good Idea or Wrong Idea?
Why Do Super Bowl Odds Change?
Super Bowl odds change for a variety of reasons. There are two primary explanations for why Super Bowl odds will change. The first reason is because of information from the two teams competing. News coming out of the Buccaneers and Chiefs practice facilities could cause odds to slightly alter.
There are a few questionable players for Super Bowl LV like Sammy Watkins (Chiefs) and Lavonte David (Buccaneers). The status of questionable players will be revealed closer to kickoff. These players may not cause the markets to change drastically, but they will force some movement.
Also, freak practice injuries that happen during the week would cause betting lines to change. Practice injuries at this point in the season aren’t common. However, injuries have happened in the past leading up to the Super Bowl so keep this in mind.
Team news causes market confidence to sway towards a specific side. This will result in changing odds. Also, bettors play a role on the lines and odds. Sportsbooks try to hedge their bets by having an equal number of wagers on each side of all lines. If too many bettors choose one outcome, the odds will shift to entice bettors to wager the opposite side.
As Super Bowl week progresses, odds will start to change more frequently. This is because bettors begin locking in bets heavily as kickoff approaches.
Benefits of Early Betting for the Super Bowl
There are benefits to locking in Super Bowl bets early. The main advantage of placing early wagers is that you could receive better odds than right before kickoff. You have no way of knowing the pre kickoff odds for Super Bowl LV. This can hurt you as well.
Although, if you see a good line, it’s not a bad idea to lock in an early bet. This way, you don’t have to worry about any news during the week that would disrupt the betting markets.
Benefits of Waiting to Bet the Super Bowl
When you wait until the last minute to bet the Super Bowl, you’ll have more time to prepare. This means that you’ll be able to see the week develop and if any odds change. This could also cause you to miss out on a better line from earlier in the week.
Is Waiting a Good Idea?
In my opinion, you shouldn’t wait until the last minute to place Super Bowl wagers. The only time where I would wait is if there is an injury report that could swing the odds.
You also shouldn’t place a bet too early. Time can devastate your chances of winning an early bet. You’ll be able to place the most successful bets in the days leading up to the game.