The amount of money you would win by placing a $100 wager on the Super Bowl depends entirely on the specific betting odds assigned to the team you choose at the exact moment you place the bet. In American odds format, betting odds are structured around a baseline figure of $100; if you bet on a heavy underdog with positive odds—for instance, plus-two-hundred (+200)—a successful $100 wager would yield a profit of $200, returning a total payout of $300 including your original stake. Conversely, if you bet on a heavy favorite with negative odds—such as minus-two-hundred (-200)—you would need to risk $200 to make a $100 profit, meaning a $100 bet on that same favorite would net you a smaller profit of $50, returning $150 total. Sportsbooks calculate these payouts based on implied probabilities, meaning that betting on an unlikely underdog yields a much higher financial reward to compensate for the higher risk, whereas betting on a strong favorite offers a safer outcome with a much smaller profit margin.