Super Bowl gambling fans saw the Arizona Cardinals cover the Super Bowl odds last year in their 23-27 loss to the Pittsburgh Steelers as 7-point underdogs. In the 2008 Super Bowl gambling matchup between the New York Giants and the New England Patriots the undefeated Pats were 13.5-point favorites with the Super Bowl odds.
The hype was incredible as the Giants were given little chance to beat the odds to win Super Bowl XLII but they pulled off one of the greatest Super Bowl gambling upsets of all time in a 17-14 win to ruin the Patriots shot at immortality.
The favorite did beat the Super Bowl odds in the 2007 and 2006 matchups but the odds to win Super Bowl payouts were in favor of the Super Bowl gambling underdog in 2002-2005.
The New England Patriots went “old school” in their 2002 Super Bowl gambling matchup against the St. Louis Rams as they were 14-point Super Bowl gambling underdogs, which was reminiscent of the old days when the AFL teams were double-digit Super Bowl gambling pups.
New England stunned the St. Louis Rams 20-17 in one of the greatest Super Bowl gambling upsets ever. The next year the Tampa Bay Buccaneers were 4-point Super Bowl gambling dogs against the Oakland Raiders but proved that the wrong team was favored as they scored a 48-21 win over the Silver and Black.
In 2004 and 2005 the New England Patriots won the game straight up but failed to cover the Super Bowl gambling board both times. In 2004 they beat the Carolina Panthers 32-29 as 7-point favorites. In 2005 New England beat the Philadelphia Eagles 24-21 as 7-point favorites to again prove to be an overlay.
The Super Bowl line is often built as much on media hype and public perception as it is on reality and history has shown that the dog can bring solid value to those who prefer points to overlays.