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The importance of research and analysis in Super Bowl betting NFL National Football League Odds, Betting Lines & Point DraftKings When it comes to Super Bowl betting odds, it's essential to understand how they work. Betting odds represent the probability of an event occurring and determine the potential payout for a winning bet. In the Super Bowl, odds are typically expressed in three different formats: American odds, fractional odds, and decimal odds. Point Spread: Betting on a team to cover or not cover a set margin of victory. The favorite has to win by more than the spread, while the underdog can lose by less than the spread or win outright..
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