Updated Super Bowl 50 Odds

Posted by Joe Solari on Friday,February 5, 2016 4:38, EST in

Finally! After an agonizingly-long wait, Super Bowl 50 is just a couple of countable hours away from getting started. If you haven’t placed your bet in the Super Bowl 50 NFL lines, I am guessing it’s because you have been waiting for this updated look at the latest Big Game odds. So, without having to waste time in unnecessary chitter-chatter like how Denver’s team bus accident on Monday is an omen, or how Cam Newton’s dark/black skin is not good for luck in the NFL betting boards; let’s jump straight into the money world and fish for some sweet Super Bowl 50 betting values.

Super Bowl 50 Updated Betting Preview and TV Information

When: Sunday, February 7, 2015
Kickoff: 6:30 PM ET
Where: Santa Clara, CA
Stadium: Levi’s Stadium
Spread: Panthers -5,5
Moneyline: Carolina -230 vs Denver +190
Game Total: 45.5
Watch: CBS
Stream: CBS Sports
Listen: Carolina vs Denver

Super Bowl 50 Moneyline and Spread Betting Update

For the better part of last week and this week, the Broncos were trading at around +6 on the point spread and +205 on the money line, while the Panthers sported a value of -6 and -245 on the same lines, respectively. But as we now go to press, the Broncos have clawed their way back to +5.5 in most online sportsbooks, including Mybookie.ag NFL lines, underlining the fact that, whereas a lot of public money is on Carolina, sharp bettors have the Broncos as their NFL picks.

If you are a Broncos fan and you haven’t placed your bets yet, don’t worry because there is still tons of value in store for you. You see, most recreational bettors have their money on Carolina and that’s why some books have the Panthers at -6, obviously with the aim of charging a small premium on such bettors. Here at Mybookie.ag, as you’ll find in many other top books with sharper clientele, Denver is holding steady at +5.5 because that’s where the rightful sharp money is at.

When we looked at the betting consensus numbers last week, 63 percent of Super Bowl 50 bettors were dumping 83 percent of their money on Carolina. Currently at press time, the number is down to 56 percent support for Carolina and 74 percent of the action, pointing towards an increasing value for Denver.

Needless to say, the betting pendulum could swing in either direction this weekend as bettors load up on the NFL lines. The Panthers are the public favorite, and for legitimate reasons as we’ve already discussed severally. That, however, shouldn’t dissuade you from going with Denver, if that’s what you feel is right for you.

In terms of where the closing line will end up, there is a divided opinion among pundits. Some say Carolina (-4.5) will be the value, while others think that Denver (+6.5) is possible reach, especially if more money is dumped on Carolina. Personally, I think it will be anywhere in the region of Carolina -5, -5.5 or -6 at max. That, however, isn’t a big issue because the Moneyline winner of this game is highly likely to be the ATS winner as well. This is something we already mentioned in last week’s previews (i.e. Favorites are 3-10-1 ATS in the past 14 Super Bowl games; Underdogs are 4-0 SU in the last four Super Bowls). So, as long as you choose the right Moneyline bet, you should be covered as well in the ATS part.

Super Bowl 50 OVER/UNDER Total Odds Update

Our latest consensus reports indicate that 57 percent of bettors are backing the OVER, down from the as-high-as 65 percent witnessed in early betting last week. The betting takeaway here is that, over the recent times, bigger money has been coming on the UNDER side. And as is often the case, bigger money is sharper money.

But before you jump on the UNDER side, duly note that Sunday’s weather is forecasted to be clear skies and temperatures around 70 degrees, which means we won’t be having players slipping around in Santa Clara, but rather warm temperatures that are favorable for highly-scoring games. That makes me question the tad of a drop from 45.5 points in last week’s lines to 45 or 44.5 right now. It’s a bit confusing right now, but then again, you wouldn’t be here if you listened to my advice last week and made early bets. Either way, hope you make the right choices and all the best in your Super Bowl 50 NFL picks.