With Super Bowl 50 quickly approaching, many are deciding whether or not they should make a bet on the game. Depending on how much you’re betting on the Super Bowl online or otherwise, it could be a really big choice you have to make. If you’re still debating between going for it and skipping it this year, consider the following list of pros and cons for betting on Super Bowl 50 before you make your final decision. Who’s it going to be, Peyton Manning or Cam Newton?

Pro: You could win money

Winning money is obviously a huge pro of betting on the Super Bowl. Unfortunately, there aren’t any guarantees. Whether you’re betting a little or a lot, it’s pretty exciting to think that you could win any money at all.

Con: You could lose money

Just like winning is a huge pro of betting on the Super Bowl, the potential of losing money is a big negative. This is one of the major reasons why it’s so important that you not bet more than you can afford to lose. For example, if it comes down to you paying your rent for the month or betting on the Super Bowl, it’s pretty clear what the better option would be.

Pro: It can increase the excitement and anticipation of the game

The Super Bowl is exciting as it is, but when you throw in the potential of winning money, the anticipation of what could happen can skyrocket. It can just elevate all those feelings that you already have while watching the game and makes them even better.

Con: You could find yourself in trouble

How could a seemingly simple Super Bowl bet get you in trouble? You may not be aware, but sports betting is legal in only four states: Nevada, Delaware, Montana, and Oregon. Additionally, it may not be the best idea to bet money that belongs to you and your spouse when they have no idea about the wager you’re planning on making. Chances are it’s an argument waiting to happen. As previously stated, you also don’t want to bet more than you can afford to lose otherwise, if you don’t win, you could find yourself desperately trying to come up with money you need.

Here’s the deal. There are pros and cons to almost every decision you’re going to make, especially when it pertains to money. When you bet what you can afford, you can thoroughly enjoy the game without feeling so much pressure. If you win, that’s fantastic, but if you don’t, you can chalk it up to a fun wager. Now who’s ready for some football? Check out the updated Super Bowl 50 odds by visiting the above U.S. sportsbooks.