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In February 2021, Michigan online sports bettors were finally granted the opportunity to legally place bets on the Super Bowl from the comfort of their own couch.
Thousands eagerly threw themselves into the thrilling experience.
You might have missed out on joining the thousands for various reasons, and regardless of the cause, that’s completely alright. However, it’s possible that you’re now intrigued, and guess what? It’s Super Bowl time once more, and participating in the grandest game of the year seems appealing.
If you relate to this, continue reading for a brief explanation to assist you in getting started promptly and placing your first bet before Super Bowl Sunday.
How to start an online sports betting account in Michigan
To get started, sign up with a sportsbook by clicking on the “Play Now” button provided in the links of our trusted partners below. These links offer attractive promotions for new users, making it a fantastic opportunity to begin your journey.
If you are uncertain 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 sports on platforms like DraftKings or FanDuel, it might be a helpful starting point since both allow you to connect your accounts.
After selecting your preferred sportsbook, proceed to register your account and download the corresponding app.
You will need to provide personal details including your name, birthdate, address, email address, phone number, and the last four digits of your social security number. While it may seem like a lot, it is necessary as you will be engaging in financial transactions. Additionally, taxes are also a requirement.
To fully benefit from all those amazing offers, it is important to have an online payment method ready for depositing money. Ensuring an initial deposit is made is crucial.
Placing a bet in an online sportsbook
Now that you have successfully created your account and have some funds deposited, you may also have a complimentary bet available for use (don’t forget to check the promotions section of the app!). So, let’s proceed to place a wager.
We’ll focus on the Super Bowl since that’s why you’re here, correct?
First-time bettors find the Super Bowl to be an enjoyable experience as they are presented with numerous options and sportsbooks are going all in to capitalize 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 the spread, you have a nearly equal chance to wager on a team winning by a certain number of points or staying within that range. Take the example of the Los Angeles Rams, who are expected to win the match. The spread is typically set at -4.5. If you choose to bet on the Rams covering the spread, you’ll need them to beat the Cincinnati Bengals by a minimum of 5 points.
On the other hand, the Bengals are considered the lesser favored team. Placing a bet on Bengals +4.5 ensures a win if the Bengals do not suffer a loss by more than 4 points.
Spread bets usually offer a payout slightly below a 1:1 ratio, often indicated by a -110 or -115. Although it falls short of doubling your initial stake, it comes close. For example, if you were to bet $100 at -110, you would receive a total of $190.91 in return ($100 original stake + $90.91 in winnings).
Over/under total bets
The total follows a similar pattern with odds. For the Super Bowl, most sportsbooks have set it at 48.5. By placing an over bet, you are predicting that the two teams will score 49 or more points together in the game. Conversely, an under bet would require the combined score to be 48 or less.
There is no possibility of a tie as both numbers contain a .5. However, if the spread is -4 and the Rams win by a score of 24-20, you will receive a refund of your money.
Moneyline bets
When you make a moneyline bet, you are essentially choosing a team to win without any point spread involved. However, the odds differ in this case. In most locations, the Rams’ moneyline stands at approximately -200. Therefore, if you place a $100 moneyline bet on the Rams to win, you would receive a $150 return. Conversely, 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 want to take a bold approach with your initial wager. I appreciate that.
If you possess a profound understanding of the teams and players you’re placing bets on, it is worth delving into the wide range of things that prop bets can encompass. Take the time to explore the offerings of your selected sportsbook.
In the Super Bowl, there is a wide range of betting options available. These include predicting the MVP, the player who will score the first touchdown, and the length of the game’s longest touchdown. The possibilities are nearly limitless. Additionally, you can place bets on specific players and their performances, like Cooper Kupp’s total yardage.
There are a variety of bets available, with some having balanced odds known as over/under. On the other hand, there are more absurd bets with significantly longer odds. For instance, you can place a bet on Rams’ backup running back Jake Funk, who is relatively unknown (I had to search him up), scoring the first touchdown of the game. This particular bet has odds of +10000, meaning if you wager $100 and he manages to achieve this unlikely feat, you would win $10,100. So, if you enjoy taking risks, you can choose to bet on a player who only had two carries throughout the season.
Combining two or more bets to increase the odds is known as a parlay. However, for the parlay to pay out, all of the included bets must be successful. Unfortunately, even if you manage to correctly predict 11 out of 12 bets, there is no consolation prize. Though it would undoubtedly be both impressive and heartbreaking.
As you increase the number of bets in a parlay, the odds grow longer, resulting in a larger potential payout.
After placing your chosen bet, you can sit back, unwind, and savor the game. Well, actually, you’ll likely find yourself sweating, screaming, and jumping around – but hey, that’s what makes it more enjoyable, right?
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