With the NFL’s recent growth in popularity across Canada along with the imminent expansion of online sports betting in the country, the 2022 Super Bowl will no doubt be a main attraction for bettors across the Great White North. Below are the current 2022 Super Bowl odds you can find from three different online sportsbooks, with PROLINE+ being the only legal option (currently) for residents of Ontario.
Current Super Bowl 2022 Odds
As we head into the final week of the regular season, just over half of the teams in the NFL have 2022 Super Bowl odds listed across these three sportsbooks. The Green Bay Packers have been the hottest team in the NFL, led by MVP front-runner Aaron Rodgers. The Packers have also clinched the number one seed in the NFC which gives them a first-round bye week and home-field advantage throughout the playoffs.
If there were a “hottest teams in the NFL” list, the Kansas City Chiefs would be next and their Super Bowl 56 odds reflect that. The San Francisco 49ers and Cincinnati Bengals are both the longest shots to win the championship with quadruple-digit odds.
Note the chart below has both American and Decimal odds.
*Updated as of 01/20/22.
Where Can I Bet On The Super Bowl Online in Ontario?
The only legal option currently available for Ontarians to bet on the 2022 Super Bowl online is through PROLINE+ which is regulated by the province. FanDuel and DraftKings are established in Canada as DFS providers, so we can expect online sportsbooks from them along with other companies such as theScore Bet in the near future.
How To Place Bets Online For The Super Bowl
To sign-up for PROLINE+, you will first need to register an account with OLG.ca. The process is simple and just requires giving some personal information and setting some account preferences. After you do this and your information is verified, you activate your account and you’re all set.
How Do I Deposit Money Into My PROLINE+ account?
After you’ve activated your account, you can deposit money in three different ways via the “My Balance” tab:
- Debit card
- Credit Card
- INTERAC online
How Do I Withdraw Money From My PROLINE+ account?
Withdrawing money from your PROLINE+ account requires you to register a bank account with the OLG. You’ll have to upload banking documents containing certain personal information to be verified and the verification process typically takes less than 5 days. Once verified and you’ve submitted a withdrawal request, funds are deposited directly into your bank account within 3-5 days.
How Are Super Bowl Odds Calculated?
Put simply, odds are calculated based on how well (or how poorly) a given team is performing at a given time. The odds for teams to win the Super Bowl will fluctuate throughout the year, depending on how a team is currently playing, the schedule of teams they will be facing throughout the season, injuries, and other factors.
For instance, if a team were to lose a key piece of their team (such as their quarterback), you would see the odds for that team to win the Super Bowl drop dramatically. If a contending team were to acquire a key player (let’s say a shutdown cornerback), however, their odds would likely increase. Sportsbooks are constantly adjusting and reacting to new pieces of information as the offseason and regular season unfolds throughout the year.
Here is an example bet:
Let’s say you placed a $100 wager on a team to win Super Bowl 56 with odds of +600 and they go on to win. In this case, your payout would be $600 PLUS the $100 you wagered, for a total of $700.
If the team loses, however, your $100 goes to the sportsbook.
What Kind Of Bets Can I Place On The Super Bowl?
The Super Bowl is one of the single largest betting events of the year. For last year’s Super Bowl, it was estimated that half of all Americans bet on “The Big Game” to the tune of over $4 billion. Part of the reason it attracts so many people and so much money is the wide variety of different wagers you can place. Some examples are:
- Point spread
- Point total
- Single-game parlays
- Player props
The bets above can only be placed once the two teams facing off in the Super Bowl are known. During the offseason and throughout the regular season leading up to the Super Bowl, you can place a futures bet.
What Is An NFL Futures Bet?
A futures bet is exactly what it sounds like – placing a bet on a future outcome. As far as the Super Bowl is concerned, a futures bet would be choosing the team you think will win at the end of the season. Some other NFL futures bet examples are win totals and player totals.
Win totals are the most common and you’re wagering whether a team will have over or under a certain amount of wins (i.e. 8.5). Player totals include betting on how many passing yards, rushing yards, or receptions a particular player will have.
What Is A Super Bowl Prop Bet?
A prop bet (or proposition bet), is a wager you can place on a particular player or event that doesn’t necessarily have to be part of the outcome of the game. During the regular season, these are things like how many passing yards a quarterback will have or how many receptions a wide receiver will have.
Each event is assigned a number, and you bet over or under that total. The Super Bowl will have prop bets no other game has, such as the length of the national anthem, the result of the coin toss, and what color Gatorade will be dumped on the winning head coach.
Strategies For Betting On The Super Bowl
If you’re betting on the Super Bowl, it’s important to understand the current state of each team: their strengths, weaknesses, injuries, etc. Being that there are two weeks between the conference championships and the Super Bowl, you’ll have plenty enough time to pour over everything you need to know. Here are some other strategies you can use for betting on the Super Bowl:
Let’s say the point spread on the Super Bowl is 3.5 points, but you believe Team A will cover that line easily. Most sportsbooks will offer “alternate lines” that allow you to bet on a point spread other than what is set for the game. This will also allow you to get better odds and the ability to win more money on your wager.
Fading The Public
A common phrase you may hear when it comes to betting is “fading the public”. What this means is finding out what the majority of the public believes is going to happen, and bet the opposite.
When sportsbooks offer certain lines for games, those numbers aren’t set in stone. Sportsbooks will react to the odds depending on the amount of money coming in for one side of a bet. Let’s say you bet on Team A to cover a point total of -2.5, but then later in the week, it moves to -4.5.
You could bet on Team B at +4.5 in hopes of winning on both sides of the bet. If the score of this game were to be 28-24 in favor of Team A, you would win both of your bets on each team.
Super Bowl Odds FAQs
Yes. Sports betting is legal in Ontario, including the Super Bowl; however, popular sports betting apps like DraftKings and FanDuel are not yet available.
PROLINE+. Currently, the OLG-ran PROLINE+ is the only sportsbook available in Ontario.
19. Some territories allow gambling at 18, but the legal age in Ontario is 19.
Yes, but only through licensed and registered sportsbooks.
PROLINE+ does have live betting capabilities for the Super Bowl.
While different sportsbooks will have different prop bets, right now game props seem to be the only prop bets available with PROLINE+
In general, yes, but we’ll have to wait to see if PROLINE+ expands their prop betting.
As of Jan. 20 via DraftKings (and many other sportsbooks), the Green Bay Packers are the 2022 Super Bowl odds favorite.
Super Bowl LVI will be held Sunday, February 13th at SoFi Stadium in Inglewood, California. The kickoff will be sometime between 6:00 and 7:00 PM Eastern time.