Super Bowl 59's first big decision: The coin toss' silly and interesting history
Briefly

The Super Bowl coin toss, despite its simplicity, captivates fans and bettors alike, leading to a flurry of wagers each year. It features -102 odds for each outcome, making it a true 50-50 bet. While this contrasts with standard -110 odds seen in other bets, the lack of risk or knowledge makes it a negative expected value wager. Creative storytelling around the coin toss has developed over the years, enriching the cultural tapestry of the Super Bowl event, such as the historical details of presidential practices and failed astronaut demonstrations.
The Super Bowl coin toss is probably the most-watched flip of a coin in American sports, sparking both fascination and bets due to its sheer randomness.
Betting on the coin toss is a true 50-50 proposition with -102 odds on both heads and tails, leading to a negative expected value bet.
While the outcome of the coin toss is purely luck-based, the Super Bowl brings creativity to coverage that elevates its importance, year after year.
Content about the Super Bowl coin toss isn't straightforward; it requires creative storytelling to engage fans interested in every aspect, even a simple flip.
Read at www.nytimes.com
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