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How to read Super Bowl 56 Odds
The Kansas City Chiefs lost to the Tampa Bay Buccaneers in Super Bowl 55. However, the Chiefs remain the favorites to win Super Bowl 56 at SoFi Stadium in Inglewood, California.
The Chiefs are listed at 6/1 odds (Bet $100 to win $600), while the defending champion Buccaneers are the third-betting choice at 10/1.
In between Kansas City and Tampa Bay are the Green Bay Packers, who are currently at 9/1 odds.
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Here is a quick reference on Super Bowl odds for the upcoming 2021 NFL season.
How to read NFL Global Odds
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Global Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time on the NFL Global Odds.
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The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
Ex. Favorite -10, Underdog +10
On the VegasInsider.com Global NFL Odds page, there is another number associated with the favorite and its normally listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.
Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)
The Global bookmakers tend to offer adjusted numbers associated with each NFL point-spread and this can often be called as 'reduced juice' odds. Examples seen on the Global Odds pages could include -08, -12, -15 and -20.
Ex. Bet $108 to win $100 (8% juice)
Ex. Bet $120 to win $100 (20% juice)
Another number that’s posted on the NFL Global Odds is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Global Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
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