![]() ![]() Most of the initial wave of money is bet illegally at offshore sportsbooks and online sportsbooks. While the oddsmakers use power ratings and factor in expected wagering action in setting the point spread, they have to adjust quickly based on the wagering activity and especially with the record volume expected on the Super Bowl. For many bettors, the Patriots were more impressive in their win at Kansas City than the Los Angeles Rams were in their controversial win at New Orleans. Many sports bettors bet with a recency bias, meaning they tend to bet based on what they have seen from teams and performances most recently. The Super Bowl is a significant event with a unique market that will be flooded with wagers and betting action from the general public. Early money doesn’t necessarily mean significant action from sharp bettors or wise guys. ![]() The sportsbooks adjust the point spread and total based on the amount of money wagered. ![]()
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