No but you could make 3 new superbowl winner bets- NYG/Philly winner, Baltimore, and the SD/Pitt winner. For the sake of argument say NYG was 3 to 1, Baltimore was 15 to 1, and Pitt was 6 to 1 he could bet up to a collective 2,500 (which would be the payout for his original ARI bet) on these 3 teams and the worst case scenario would be he'd break even if Arizona won but he'd really cash in any of the other 3 teams won the superbowl. Or he could just bet 500$ on the other three teams and he'd win the following (with no risk of losing money)-
NYG 1500-50=1450
BAL 7500-50=7450
PITT 3000-50=2950
ARI 2500-50-500-500-500=950