When it comes to betting on the super bowl, your head is going to get filled with the heady aroma of a big-win fantasy. Maybe you will have that new sports car you have been coveting. Maybe dipping into your retirement account a little bit to cover the bet is not so bad…after all, if you win, you will pay it back, right?…Wrong. The most important thing to do when you are making a super bowl bet is to keep a cool head; it can also be the most difficult thing to do, so make sure to follow some simple, but key super bowl betting strategies and tips.

Sportscasters and news anchors talk incessantly about the big game as it approaches because they know people want to hear about it. They will pick up any piece of gossip about any team and report it. And they will bring out anyone from the word work who sounds like an expert to predict the money line results. Do not listen. Your own research should be your guide when it comes to finding a value in your bet. Unless your friends can prove their research and deal in hard facts, do not listen to them either.

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What kind of research should you do exactly? If you are a total novice you need to know the types of bets going on at the super bowl as well as some history about the teams playing. So, take a look at explanations for money line betting, prop betting, totals (over/under) and point spread betting, teasers and parlays… Next, learn about American odds notation; this gives you a rough idea of what you can expect to get given a $100 or $10 bet.

Do even research on each team, try not to be biased. You may have a favorite—and it is okay to bet on them—but never discount the underdog or the under-totals bet. There is a lot more parity in the NFL than most people realize. And even though one team will be favored to crush the other one, they both are pretty darn good to be facing off on the biggest American sports game of the year, and one of the biggest in the world. Look up how each team played during the season, the outcome of their games, who played well, and who was injured, and when. Any bit of information you can get about the season, if you did not watch the games, is important as long as it is based on facts and numbers rather than speculation.

While some people bet all football season and some people just bet on the super bowl, there is one common mistake. Because the game is so major, they tend to bet more on the game than they are willing to lose. Do not be that guy. You have to have a bankroll amount already set up before you place your bet and do not go over it for anything. If you are not sure how much you should bet, think about how much you can afford to lose; it should be your main criteria.

The super bowl is two weeks after the playoff games. One mistake to avoid is betting too soon. A lot can happen in those two weeks to change up the favorite, move the line and change your mind. You are better off waiting until just before kick-off to put your money down.

Prop bets are fun, they are lighthearted but they, too, can get out of control. The best way to stay in control of your Super Bowl betting is to keep your prop betting to a minimum.

As long as you know your bets, your teams and avoid some common mistakes you should be on your way to successfully handicapping the Super Bowl and making a profit for yourself; so remember these simple super bowl betting strategies and tips, and make your profitable bets now!