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2015 Super Bowl prop bets: Coin toss truly has been 50-50 proposition

The coin toss offers as close to a 50-50 chance as you'll find among the proposition bets. We break down history and wagering opportunities.

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Super Bowl 49 will provide amateur gamblers with an opportunity to bet on a variety of game events. You can bet on who will score the first touchdown, whether or not the first coaches' challenge will be successful, and even whether or not a safety will be scored.

However, the true degenerate digs a little deeper to bet on some of the more absurd aspects of the game. The perfect example of this is the coin toss. Bovada.lv provides four separate wagers related to the coin toss, providing more than just a simple heads or tails opportunity. You can bet on the team to win the coin toss, whether that team will win, and will the team choosing heads or tails predict correctly.

Betting on heads or tails is close to a 50-50 bet, but actually strays just a bit from an even change. Stanford math and statistics professors put together a study that showed a coin toss is actually more like a 51/49 proposition based on whatever side is up before the flip. Their study assumed no bounce, and in the Super Bowl, the referee lets the coin hit the ground.

Bovada.lv offers the same odds for heads and tails, and history has shown it is an even split. Through 48 Super Bowls, heads and tails have each come up 24 times. Additionally, teams winning the coin toss have won exactly half of those 48 Super Bowls. So, you might as well flip a coin to make your decision!

The coin toss odds are currently set as follows:

Coin Toss
Heads: -105
Tails: -105

Team to win the coin toss
New England Patriots: -105
Seattle Seahawks: -105

Will the team that wins the coin toss win the game?
Yes: -115
No: -115

Will the team that chooses Heads or Tails in the coin toss be correct?
Yes: -115
No: -115