The Super Bowl is the most wagered-on event in the world for one good reason — the props.
The length of the national anthem. What color Gatorade gets poured on the winning coach. Super Bowl MVP. Even the damn coin flip. Betting on those is an unmatched tradition.
These bets includes longshots like "Will there be a Fat Man TD?," "Will there be a 2-point conversion?," or even "Will there be an Octopus?"
In fact, betting on the Super Bowl MVP may actually provide positive long-term expected value. For instance, the Bengals are getting about +160 on them to win the game outright, but Joe Burrow is getting +225 odds to win Super Bowl MVP.
The only Bengals teammate listed as an option at most major American sportsbooks is JaMarr Chase.
An interesting variant of that bet that DraftKings has released is who the Super Bowl MVP will thank first after accepting his award.
Who Will Super Bowl MVP Winner Thank First?
Odds are as of Friday and are according to DraftKings.
- Team/Teammates: +100
- City/Fans: +275
- God/religion: +350
- Family: +800
- Any other: +1000
- Coaches: +1600
- Team owner: +2000
Betting odds of +100 imply a probability of 50%. That's the break-even point — if you believe that there's better than a 50% chance that the Super Bowl MVP will thank his team or teammates first, then this bet offers value.
By that same token, city/fans offers a probability of about 27%, God/religion 22%, family 11%, any other 9%, coaches 6% and team owner 5%.
