The following is the odds and profitability of betting on Superbowl LVII with Bovada given that Bovada allows betting on squares instead of exact scores.
What scores to bet on given the expected chance of that score manifesting, and the given odds from Bovada. If the expected chance of that score happening is 1%, and Bovada believes it'll only happen 0.2%, then we have a 500% edge and should take that bet.
The following are the final scores provided by Bovada that are profitable to bet on.
Odds:
0,7) Odds given: 2500, Projected odds: 2473.7951807228915
7,0) Odds given: 2500, Projected odds: 2473.7951807228915
0,0) Odds given: 3500, Projected odds: 3212.015503875969
7,7) Odds given: 4500, Projected odds: 3689.3569844789354
7,1) Odds given: 5500, Projected odds: 5094.52887537994
1,7) Odds given: 6500, Projected odds: 5094.52887537994
4,4) Odds given: 10000, Projected odds: 5325.396825396825
3,4) Odds given: 7500, Projected odds: 6324.812030075188
4,3) Odds given: 7000, Projected odds: 6324.812030075188
1,0) Odds given: 9000, Projected odds: 6681.746031746032
8,7) Odds given: 10000, Projected odds: 9447.486033519552
0,8) Odds given: 10000, Projected odds: 9665.714285714284
8,0) Odds given: 10000, Projected odds: 9665.714285714284
2,0) Odds given: 15000, Projected odds: 14506.837606837606
Total bet per round: $27.519460270360476
Gathering 10,000,000 scores...
0/10,000,000
1,000,000/10,000,000
2,000,000/10,000,000
3,000,000/10,000,000
4,000,000/10,000,000
5,000,000/10,000,000
6,000,000/10,000,000
7,000,000/10,000,000
8,000,000/10,000,000
9,000,000/10,000,000
--- Results ---
Total bets made: $275194602.66661096
Total money won: $350881731.0351224
Average bets per game: $27.519460266661095
Average wins per game: $35.08817310351224
Profitbility %: 27.50312965265669%
Average win: $129.38479508832933
% runs profitable: 27.11924%
So overall, there's a 27% chance you make 4.7x profit, which puts it as 27% profit per game on average. It's a profitable strategy.
Below is a weighted bet amount per odds where you bet more if there's a greater discrepancy between expected odds and odds provided by the sportsbook.
Amount you should bet on certain scores.
Base amount: $1
0,7): $1.0262048192771085
7,0): $1.0262048192771085
0,0): $1.287984496124031
7,7): $1.8106430155210647
7,1): $1.4054711246200604
1,7): $2.4054711246200604
4,4): $5.674603174603175
3,4): $2.175187969924812
4,3): $1.675187969924812
1,0): $3.318253968253968
8,7): $1.5525139664804484
0,8): $1.3342857142857156
8,0): $1.3342857142857156
2,0): $1.4931623931623945