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In February 2021, Michigan online sports bettors were finally given the opportunity to legally place bets on the Super Bowl from the comfort of their own couches.
The atmosphere was electrifying, and countless individuals eagerly dove in without hesitation.
You may have missed out on being part of the thousands for various reasons, and whatever the reason may be, that’s completely okay. However, it’s possible that you’re now feeling curious. Well, guess what? It’s Super Bowl time once again, and the idea of having a little stake in the year’s biggest game sounds appealing.
If you feel like this applies to you, continue reading for a brief explanation to assist you in getting started in order to place your first bet before Super Bowl Sunday.
How to start an online sports betting account in Michigan
To get started, simply sign up for a sportsbook account. A convenient method is to click on the “Play Now” option provided through our partner links below. These links guarantee excellent offers tailored for new users.
If you’re unsure about which one to choose, you can refer to the reviews available on our Sports Betting page. If you have some experience with daily fantasy through DraftKings or FanDuel, it might be a great starting point since both platforms offer the option to connect your accounts.
After selecting your preferred sportsbook, proceed to register your account and download the corresponding app.
In order to proceed, each of them will ask for your personal details, including your name, date of birth, address, email address, phone number, and the last four digits of your social security number. Although it may seem like a lot, it is necessary as you will be engaging in financial transactions. Additionally, taxes will also be involved.
In order to benefit from all the amazing offers, it is essential to possess an online payment method to make a deposit. This initial deposit is required to unlock the full potential of the enticing deals.
Placing a bet in an online sportsbook
Once you’ve successfully created your account and deposited some funds, you might also have a complimentary bet available for use (don’t forget to check the promotions section in the app!). Now, it’s time to place a bet.
We will continue discussing the Super Bowl, since that is the purpose of your presence here, isn’t it?
First-time bettors find the Super Bowl to be an enjoyable affair due to the plethora of options available, and sportsbooks leaving no stone unturned in capitalizing on the grandest sporting event of the year.
The spread, moneyline, and total (over/under) are the most frequently placed bets.
Spread bets
When betting on the spread, you have a nearly equal chance of wagering that a team will win by a particular number of points or be within that range. For example, the Los Angeles Rams are predicted to win and the spread is -4.5 in most locations. If you choose to bet on the Rams to cover the spread, they must triumph over the Cincinnati Bengals by a margin of at least 5 points.
On the other hand, the Bengals are considered the lesser team in this scenario. Placing a bet on the Bengals +4.5 implies that your wager will be successful as long as the Bengals do not suffer a defeat by a margin greater than 4.
When placing spread bets, the payout is usually slightly less than even money. This is indicated by a -110 or -115 alongside the bet. Although it doesn’t exactly double your money, it comes close. For example, if you bet $100 at -110, you would receive $190.91 in total (your original $100 plus $90.91 in winnings).
Over/under total bets
The total operates in a similar fashion in terms of odds. For the Super Bowl, most sportsbooks have set the total at 48.5. If you choose to bet on the over, you are predicting that the two teams will score a total of 49 points or more in the game. Conversely, an under bet would require the combined score to be 48 or less.
There is no possibility of a tie since both numbers have a .5. However, if the Rams win by a score of 24-20 with a spread of -4, you will have your money refunded.
Moneyline bets
When making a moneyline bet, you are essentially selecting a team to win without any point spread involved. However, the odds for each team vary. In most locations, the Rams moneyline is approximately -200. Therefore, if you were to place a $100 moneyline bet on the Rams to win, you would receive a $150 return. On the other hand, the Bengals have odds of +160, meaning that a $100 moneyline bet on them would result in a $260 return.
What about props and parlays?
Sure, I understand that you’re looking to add some excitement to your initial wager. I appreciate that.
If you possess extensive knowledge about the teams and players you are betting on, it is worthwhile to explore the various prop bets offered by your preferred sportsbook, as they can encompass a wide range of aspects.
In the Super Bowl, there are countless betting options available, ranging from predicting the MVP winner to guessing the player who will score the first touchdown or the length of the game’s longest touchdown. The possibilities are nearly limitless. Additionally, you can place bets on specific players like Cooper Kupp and speculate on their yardage totals.
There are various types of bets available, some with balanced odds, while others are more outrageous with significantly longer odds. For instance, you can place a bet on Rams reserve running back Jake Funk, who is relatively unknown (I even had to search him on Google), to score the first touchdown of the game. This particular bet has odds of +10000, meaning if you wager $100 and he indeed accomplishes this feat, you would win an astounding $10,100. So, if you enjoy taking risks, this bet might be akin to setting your money on fire, but with the potential for a huge payoff.
When placing a parlay, you combine multiple bets to increase the odds. However, in order to receive any payout, all the bets in your parlay must be successful. Even if you manage to correctly predict 11 out of 12 bets, there is no consolation prize. The mixture of excitement and disappointment would be remarkable.
As you increase the number of bets in a parlay, the odds lengthen and your potential payout grows larger.
After placing your preferred bet, you can lean back, unwind, and relish the game. Well, in reality, you’ll most likely be sweating, screaming, and leaping around, but that’s where the real enjoyment lies.
