2023 Super Bowl Odds: Tracking the smart money
Everyone likes to bet on the Super Bowl and this year is no exception. The Philadelphia Eagles and the Kansas City Chiefs are the participants and money is already being bet on the big game at incredible levels. Since the 2023 Super Bowl odds were released, the point spread has moved. However, it can be difficult to tell if that is due to respected money from people who bet on football for a living or big money that moves the line. Our goal is to find out.
Super Bowl line moves
Tracking the line moves can be difficult. There are hundreds of sports betting sites and many have changed the line. The majority of the outlets opened the Super Bowl line with the Chiefs as a small favorite. Since the opening, the line has moved and now, nearly everywhere, the Eagles are the favorites to win the game. This normally indicates that the public is taking Jalen Hurts and the Eagles to win the game, but this game is special.
Why is the Super Bowl Special?
The Super Bowl is special for various reasons. It is one of the most popular events to bet on every year. Last year a record $179.8 billion was wagered on the Super Bowl. The amount of money bet on this game is crazy and that can change the way that the line moves. This game includes hundreds of prop bets that can easily change the way that people bet on the game. And finally, there are two weeks to think about and wager on this contest. All of this has to be taken into account before betting on the Super Bowl.
What is smart money?
Smart money is money that is bet on the game by respected handicappers who bet on sports for a living. But, those types of people do not usually advertise what games they are going to bet on. In the past, big money amounts would be a strong indication of “smart money” but that has changed over the years. With social media, big bets are reported instantly and shared all over the globe.
Pick your spot
Fading the public can be lucrative considering that Las Vegas sportsbooks have only lost money twice on Super Bowls. However, finding the public side and the smart money side is never easy. The best way to approach betting on the big game is to do your work. Find the team that you want to bet on find the best point spread and place your bets. This is how you make money betting on the Super Bowl.