Super Bowl 2012 Predictions: Championship Odds for Each Team

Las Vegas sports books are expecting a record handle for Super Bowl XLVI due to the high-profile matchup featuring the New England Patriots and New York Giants inside Lucas Oil Stadium in Indianapolis on Feb. 5.

Sports bettors certainly have plenty of wagering options to ponder over the next 10 days, but many will choose to play the moneyline, which is simply picking the straight-up winner.

New England is currently a -145 favorite to win the game, which means a patron would need to lay $145 to win $100.

On the other side of the board, New York is currently +125 to win its second Super Bowl in five years, providing backers $125 in profit for every $100 wagered.

It's important to note that the value of backing the Giants to win the Super Bowl at this point has obviously dropped drastically, while the Patriots have offered little value since the beginning of the 2012 NFL playoffs.

With the current point spread favoring the Patriots by three points, some may add risk to their wagers in playing an alternative line.

The Greek sports book has four different options available to play a different number for the big game, with the Giants laying 6.5 points (+310) offering the biggest pay day.

If you anticipate a Patriots' blowout victory, I definitely suggest playing an alternative line of seven points or higher.