Super Bowl LVIII: Sportsbook executive takes deep dive into popular betting trends for big game

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The Super Bowl is nan gambling vacation of nan year.

It's already been estimated that nearly $23 billion will beryllium wagered connected nan large game. But wherever does each that money travel from?

A decent magnitude will evidently beryllium connected nan Kansas City Chiefs and San Francisco 49ers to win. And bettors are surely hammering nan over/under.

For BetMGM, a minority of nan wagers are really connected nan spread, moneyline and total.

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Gary Deutsch, BetMGM's main financial officer, estimates that astir 60% of wagers person been connected prop bets.

In normal sports wagering, props typically revolve astir players. Bettors are capable to wager an over/under connected a definite player's receiving, rushing aliases passing yards. In baseball, 1 tin wager simply if personification will grounds a hit. 

There are countless different props for immoderate game. One could moreover stake connected whether location would beryllium a hole-in-one astatine this weekend's Waste Management Open astatine TPC Sawgrass.

But for nan Super Bowl, nan prop stake marketplace multiplies by infinity. Gamblers tin spell measurement beyond nan crippled itself and tin now wager connected nan consequence of nan coin flip aliases nan colour of nan Gatorade poured onto nan winning coach. Outside nan United States, location are plentifulness of bets involving Taylor Swift, including if Travis Kelce will propose to her aft nan game.

Since gambling has go legalized successful overmuch of nan country, prop bets person been each nan rage, but it's nan obscure markets fans covet during nan Super Bowl.

"I deliberation it’s conscionable celebrated culture. It’s fun, it’s a large party, it’s an arena and group want to person thing nosy that’s quickly resolved," Deutsch told Fox News Digital successful a caller interview. "Some of these bets are complete very quickly, truthful they cognize if they’ve won. We’re gathering nan request of a market, and nan Super Bowl is very overmuch a celebratory statement environment. Until sports betting became legal, location was nary measurement to stake connected these. So, now, we tin make them available, and we deliberation group for illustration it."

Deutsch estimates half nan wagers connected nan Super Bowl are placed successful nan last 48 hours earlier kickoff, moreover though lines person been retired for astir 2 weeks.

But nan precocious rollers are nan bettors who get successful connected nan action early, says Deutsch.

"The much important bets, group betting aggregate hundreds of thousands of dollars, those travel successful earlier. But nan smaller bets will beryllium successful nan past half day," he says.

Naturally, everyone who bets wants to get rich | speedy pinch nan aged trusty parlay.

They're not really trustworthy. But they are nosy erstwhile they hit. And that's why Deutsch has seen truthful galore of them wagered for nan large game.

"The casual bettors look to for illustration nan lottery type of bet," Deutsch says, who estimates astatine slightest half nan wagers truthful acold connected nan crippled are parlays. 

"It’s 1 point to stake $100. But if you put down $10 connected thing that you don’t really deliberation would happen, but it’d beryllium awesome if it does, you move that $10 into $100 because of a drawstring of highly improbable events that person travel together. 

"And you person that lottery excitement of a win. A batch of group for illustration those types of payouts, a batch much than we projected 4 aliases 5 years ago."

The Super Bowl kicks disconnected astatine 6:30 p.m. ET Sunday.

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