The coin toss remains a classic Super Bowl prop.
There are no stats to break down, no one to consult to try to gain an edge. It just provides a little bit of action for bettors eager to get started before the Super Bowl kicks off.
And sometimes it can be a lot of action. BetMGM reported this week that a bettor in Pennsylvania wagered $6,666 to win $6,349 on heads at -105 odds.
Since there is no “sharp” side to the bet, sportsbooks theoretically make money on every coin toss bet they take. (Of course, they can still lose money on the prop if more money is wagered on one side than the other.)
With that built-in house edge, many sportsbooks lower the price for each side. The South Point and Westgate are the lowest in Las Vegas at -102, and the Wynn is next at -103.
Circa Sports is having fun with the bet, dealing -104 for heads but -105 for tails. Circa owner Derek Stevens joked on Twitter that an “onslaught of sharp money” caused the line on tails to move.
First Major move in #SBLV
— Derek Stevens (@DerekJStevens) January 30, 2021
The Golden Nugget, Station Casinos and William Hill have the coin toss odds at -105. BetMGM is sticking with the traditional -110.
Some books also offer some alternative ways to bet the coin toss. Several have a prop on which team will win the toss. BetMGM, the Golden Nugget and the South Point also have a prop on whether the player who calls the coin toss will be correct.
And if bettors still can’t decide who’s going to win between the Chiefs and Buccaneers, the Golden Nugget allows them to let fate decide their betting interest. “Will the team that wins the coin toss win the game?” is available at -105 on both sides.