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Planning On Betting On The Super Bowl? Make A Plan Before You Do

The Super Bowl is one of the highest annual gambling days for the year that includes the World Series, NBA Finals, and March Madness.

With the Super Bowl less than one week away millions of Americans will be betting on nearly every aspect of the big game. However, gambling is likely more complicated than you think.

KRPS’s Fred Fletcher-Fierro has more.

Since the U.S. Supreme Court struck down a federal ban in 2018, sports gambling has exploded in popularity. According to the American Gaming Association, a record 46.6 million people placed bets during the 2022-2023 NFL season.

That’s nearly 18 percent of all American adults. If you’re planning on getting in on the action, first learn how you can maximize your fun and play responsibly.

The Better Business Bureau offers the following tips. First, make sure gambling is legal in your state. Also, get familiar betting terminology such as point-spread, prop, and futures bets and how each works.

In addition, to have a thorough understanding of sports stats and odds. Regional Director of the Better Business Bureau Pam Hernandez also warns about the risk of betting scams.

“It is risky because scammers know that it is risky too. So I always say that if it's too good to be true, it probably is. And so scammers are out there, with pop-up ads, email scams, text messages, taking you to websites offering something that says risk-free bets.”

The BBB recommends only placing bets with reputable bookmakers. Whether you’re placing a bet in-person or online, only use “white-listed” sports books that your local gaming commission approves.

And most importantly to set limits for yourself. A basic wager in which you bet on who will win a game is called a money line bet, but there are many other terms you’ll need to get to know as well.

Copyright 2024 Four States Public Radio. To see more, visit Four States Public Radio.

Since 2017 Fred Fletcher-Fierro has driven up Highway 171 through thunderstorms, downpours, snow, and ice storms to host KRPS’s Morning Edition. He’s also a daily reporter for the station, covering city government, elections, public safety, arts, entertainment, culture, sports and more. Fred has also spearheaded and overseen a sea change in programming for KRPS from a legacy classical station to one that airs a balance of classical, news, jazz, and cultural programming that better reflects the diverse audience of the Four States. For over two months in the fall of 2022 he worked remotely with NPR staff to relaunch to an NPR style news and information website.

In the fall of 2023 Fred was promoted to Interim General Manager and was appointed GM in Feburary of 2024.