Chiefs Super Bowl Bound...Again?
Now that we are down to four teams from each conference, we have a much clearer look at who will play in the NFC and AFC Championships which gives us a better idea for who will play in the Super Bowl. According to our partners at DraftKings SportsBook, the Chiefs are heavy favorites at +200 to win Super Bowl LV and the Packers are the second favorites at +375, Saints are at +600, Bills at +650, Ravens +750, Bucs +900, Rams +2000 and Browns +3000.
So let’s do some examples based on those odds. Here is how to manage risk while also trying to make some money. $100 on the Chiefs and $100 on the Packers. Total risk is $200. The potential gross is $300 if the Chiefs win. Net profit is $100. The potential gross on Packers is $475. Remove the cost of the two $100 bets and your net profit is $275.
Kansas City has the easiest path to the Super Bowl in the AFC after claiming the top seed thanks to their impressive 14-2 record in the regular season. In the attached video, Jim Cramer and Bill Enright revealed the best ways to capitalize on the Chiefs making it back to the big game for the second year in a row.
For starters, one could simply just bet on the Chiefs to win the Super Bowl, take the +200 odds and call it a day. That would yield a $200 net profit on a $100 bet. Can take it one step further and bet on the exact outcome of the Super Bowl. This is a conviction play. If you are that confident in Chiefs and Packers making it to the Super Bowl, instead of betting on them to win, you go to the Exact SB match-ups and bet $100 on the Chiefs to beat the packers at 525 and 100 for the Packers to beat the Chiefs at +750. Your risk of $200 stays the same. If the Chiefs win, your net profit is $425. If Packers win your net profit is $550. That’s much more attractive than just betting on either team to win the Super Bowl. But again, this only pays IF your prediction comes to fruition. The risk in that scenario is if the Chiefs or Packers don’t make the Super Bowl. That’s the gamble part. The hedge of both bets would yield a profit but the gamble is in both of those teams making it to the Super Bowl.
DraftKings also has another interesting way to bet on the Super Bowl "without betting" on the Super Bowl. The elimination bet is wagering on which team will knock out their opponent in the playoffs. The Bills and Ravens play this weekend, the winner goes to the AFC Championship. If you think the Chiefs are the AFC representative, then you think they’ll beat the Browns this weekend and then beat the Bills or Ravens next weekend. You can bet on the Chiefs as the team to eliminate the Ravens and the Chiefs to eliminate the Bills. Pretty good payouts here. Can bet $100 on each situation for a $200 total. This yields a net $175 if the Ravens win this weekend and then lose to the Chiefs next weekend and $140 net profit if the Bills win this weekend and then lose to the Chiefs next weekend.
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