Let’s say you decide to bet $100 on the Chiefs to win the Super Bowl. Let’s say you place a bet today for the Kansas City Chiefs to win Super Bowl 57.īy using our 2023 Super Bowl Odds page, you can see that as of, the odds for the Chiefs to win the Super Bowl are +750. Hedging a bet is best explained by using an example. This first bet is usually a longshot or a future, like a future for a team to win a superbowl or a big moneyline upset. When you hedge a sports bet, you are diverting risk that is associated with your first bet.
