Packers Super Bowl Odds
On our Tuesday episode, Jim Cramer and Bill Enright discussed a handful of unique ways to bet on the Super Bowl with a specific focus on the Chiefs which you can read more about here. In our Thursday episode, the two hosts went over the team with the second-best odds to hoist the Lombardi Trophy, the Packers.
If betting on Green Bay to win the Super Bowl, there's a variety of ways to do so on DraftKings but it requires bettors to operate under the belief the Packers will indeed win the big game. If Green Bay doesn’t make it to the Super Bowl, can throw all this right out the window. But if that’s where your conviction is, then roll with it.
Betting on the Packers to win the Super Bowl is +375. Bet $100 to win a total of $475. Risk is three fold, they lose this weekend (to the Rams), lose to the Saints or Bucs in the NFC Championship, or lose in the Super Bowl.
Packers to win the NFC is at +125. Bet $100 to win $225. Risk is two fold, they lose this weekend or lose to the Bucs or Saints. In our opinion, this bet is not worth taking as the reward of +125 is minimal. Instead, there's a much different way to profit even more.
Let’s take a look at the Bucs and Saints elimination bets. Green Bay is +260 to eliminate the Saints which would happen next week if both teams win this week. Packers to eliminate the Bucs is +425 which would happen next week if both teams win this week. Either way, if the Packers beat the Rams in the Divisional Round they will play either New Orleans or Tampa Bay. So here’s the strategy: you win $375 if they win the Super Bowl, only $125 if they win the NFC. But you have the potential to win $260 or $425 if they beat the rams and then go on to beat the Saints or Bucs.
By betting on the Packers to eliminate both the Saints or Bucs, you are guaranteed at least $160 with a max of $325 profit assuming Green Bay wins their next two games. It’s a bit of a hedge bet. Don’t need to worry about them winning the super bowl, which adds an extra layer of risk and still carries the same risk as them winning the NFC Championship much has a much higher payout.
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