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Super Bowl Betting Money Management: Tips and Expert Advice

by Spencer Toth - 2/6/2024

Super Bowl betting money management Travis Kelce Kansas City Chiefs

The Super Bowl is the most watched, and by far the most bet on, sporting event of the year. The previous record of $8 billion dollars was smashed last year, with $16 billion dollars wagered on the big game. While sports fans and Taylor Swift fans can unite on Sunday evening, it’s important to remember the dangers of sports betting.

Gambling addiction is rarely talked about between the dozens of betting ads on display, and there are a few steps you can take to avoid going into a deep hole. It can be tempting to waver from the methods that got you to the end of the NFL season with a bankroll intact. And it’s important to remember that while all eyes will be on the Chiefs and 49ers Sunday evening, it is still just one football game. There is absolutely no reason to throw away the hours of work you’ve put into preserving, and growing, your bankroll by getting sucked into the action this weekend. There will still be a winner and a loser, the Over or Under will cash, and someone will pop off for a big game. While the drama surrounding the Super Bowl can be distracting, it’s still just one football game, and should be treated as such.

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The seemingly infinite options on off-field activities certainly opens up the floodgates for sharps and casual sports bettors alike, as the opportunity to wager on a National Anthem length isn’t one that comes around often. However, these props will be juiced at not only the standard 10% rate, but you will find many of them go upwards towards 20%, making them a serious cash grab by the bookies. There is nothing wrong with having some fun with these props. However, if you’re wagering anything more than a few units combined on these novelty props, you will almost certainly finish Sunday in the red. Fortunately, there are a few easy ways to limit your losses, and ensure sports betting remains fun, and sustainable for your wallet.

Stay Consistent with Unit Sizing:

The golden rule of sports betting is to never change your units on a whim. Every single professional bettor has selected a unit size and sticks to it religiously. A unit represents 1% of your available betting bankroll. If you’ve allocated $1,000 you can afford to lose, then your unit size is $10. If you’re a big spender and have $10,000 set aside for sports betting, then your unit size is $100. Units do not change as your bankroll grows or shrinks, and it’s critical you stick to whatever unit size you select.

At Doc’s Sports, we use a 1-8 Unit size scale, which has been proven to mitigate losses and grow your bankroll. Almost all of your bets will be 1-3 units, as the higher unit wagers must be reserved for only the most confident bets. Most experts only place 6+ unit bets monthly, and an 8 Unit ‘Whale’ play usually comes around once or twice a year. Placing bets under a unit sizing model ensures our bet sizes stay consistent, and every wager represents a portion of our total sports betting bankroll. By sticking to predetermined amounts, we prevent our emotions getting in the way of our clear head, which brings me to the next tip…

Never Chase Losses:

There is no worse feeling than sweating out a spread or player prop for a few hours, only to leave with a big fat goose egg. It can be tempting to immediately look for a way to win that lost money back, but chasing losses is when most casual sports bettors lose a large portion of their bankroll. Picture this, it’s Saturday night, and you’ve spent an hour or so investigating all the Super Bowl props. After careful consideration, you place your bets, and go to bed. Fast forward to halftime of the big game, and your wagers aren’t looking so good. Instead of doing the research you know you need to stay successful, you instead start placing down bets on a whim, increasing your unit size as you go. While no one ever wants to finish a day on a loss, a small deficit can easily be compensated for with future bets. However, if you elect to dig an even bigger hole when you’re seeing red, those losses could take months to make back. Sometimes the best bet you can make is not betting, and it’s perfectly fine to lose some days, and win others, and that’s the nature of betting.

Avoid Live Betting:

If you are like me and have mobile sports betting in the palm of your hands, there is nothing more tempting than pulling out the phone during commercial breaks, and checking what the current odds are. Not only are the live odds often juiced at a higher rate than pre-game odds, but you are once again making bets on a whim rather than doing your due diligence. If you’re down on the day, live betting can be very dangerous, (see above paragraph), but it can be just as deadly when winning. If Travis Kelce goes over his 70.5 receiving yard prop before halftime, it can be very tempting to double down since ‘he’s having a big game.’ Any trend you see mid game has likely been accounted for, and taking your winnings and not looking back is a great way to stay profitable.

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