2024 Super Bowl LVIII odds: 5 most popular bets for Chiefs-49ers

Patrick Everson

FOX Sports Betting Analyst

There are countless ways to bet on Super Bowl odds, from the typical game wagers on the point spread, moneyline and total to the hundreds of prop bets on the board. Of all those options, which one stands alone in taking the most money?

At BetMGM, it’s the wager of an outright win by the short underdog Kansas City Chiefs on Sunday night against the San Francisco 49ers.

“The Chiefs moneyline pick has been the most popular bet for the Super Bowl,” BetMGM trader Tristan Davis said Thursday, while noting he expects that to remain the case right through kickoff. “For sure, we may see some sharp stuff come through on the 49ers late. But Chiefs moneyline being the No. 1 bet won’t be changing.”

Here’s a look at BetMGM’s five most popular Super Bowl bets in terms of money wagered, along with what the book is rooting for Sunday.

The Short List

On Jan. 28, Kansas City opened +115 on BetMGM’s moneyline. Chiefs at +115 means a bet of $100 would profit $115 — for a total payout of $215 — if the Chiefs simply beat the 49ers. Within just a few minutes, the moneyline shorted to Kansas City even money.

The Chiefs have been stable at +110 on the moneyline since Jan. 30. Likewise, on the point spread, Kansas City has been a stable 2-point underdog since Jan. 30. But bettors are eschewing the point spread and taking the better price — and better payout — on the Chiefs to win.

Which is no surprise at all to Davis.

“It’s the price. You’re getting +110 for Patrick Mahomes, who has been there, done that, and is the better QB for the game itself. Bettors won’t be letting that opportunity go,” he said.

When combining both digital betting (online/mobile) and retail action, Kansas City is taking 70% of moneyline dollars at BetMGM.

That said, here are the top five Super Bowl bets:

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Publish date : 2024-02-09 19:58:33

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