Understanding Super Bowl Betting: Essential Guide to Types and Risks
The Super Bowl brings unprecedented sports betting opportunities, with nearly 30 states and Washington D.C. now offering legal wagering. While exciting for many, this can be challenging for those struggling with gambling addiction.
A 2020 DraftKings survey revealed 78% of people are more likely to watch an entire game if they've placed a bet. With major sportsbooks like FanDuel and DraftKings partnering with the NFL, betting advertisements have become increasingly prevalent.
Person placing bet on smartphone
Common Super Bowl Betting Types:
- Moneyline Bets
- Straight bet on which team will win
- Favorites show negative odds (e.g., -190: bet $190 to win $100)
- Underdogs show positive odds (e.g., +160: bet $100 to win $160)
- Risk: Higher payouts for underdogs encourage risky betting behavior
- Point Spread Bets
- Bet on margin of victory rather than outright winner
- Team must win or lose by specified number of points
- Spreads can change after placing bets
- Risk: Team can win game but lose against spread
- Over/Under Bets
- Bet on total combined points scored by both teams
- Independent of which team wins
- Risk: Payouts vary based on likelihood of outcomes
Responsible Betting Tips:
- Only bet on sports you understand
- Set and stick to spending limits
- Avoid betting under influence
- Never chase losses
- Understand all associated risks
Treatment Options: Algamus Gambling Treatment Center offers comprehensive treatment including:
- Cognitive behavioral therapy
- Dialectical behavioral therapy
- Gamblers Anonymous meetings
- Individualized aftercare planning
- Residential treatment in Prescott, Arizona
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