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2020 Super Bowl odds and betting trends
29th January, 21:27As the Kansas City Chiefs and San Francisco 49ers prepare for Sunday's Super Bowl LIV matchup, the sports betting world is starting to heat up and placing bets on the 2020 Super Bowl odds.
I don't recall a time where I was so undecided over who I thought would win the game. A snapshot into my head this week sounds something like this: "It's the 49ers!" "No, the Chiefs!" "Defense wins championships, go 49ers!" "Have you seen Mahomes play? Chiefs all day!" "Andy Reid doesn't know how to win the big one. Go 49ers." One of my personalities will eventually win this battle.
Many I've spoken with seem to be having the same internal battles around the 2020 Super Bowl odds. So, to no surprise in a game seemingly causing most to go back-and-forth on picking an outright winner, we're seeing some betting trends representing a similar point of view. In fact, a solid percentage of sports bettors are taking a cash-out betting approach, showing the lack of certainty on betting either side.
Regardless, the volume of bets on the 2020 Super Bowl across the United States will be huge.
"For this being the first Super Bowl where sports betting is legal in the US, it's incredibly exciting to see both the volume of bets BetMGM is receiving as well as the dollar amount," Elisa Richardson, spokeswoman for BetMGM shared with SportsbookWire. "It speaks directly to how big the opportunity for sports betting in the US really is."
Super Bowl LIV Betting Trends
Per Richardson, when it comes to Super Bowl 2020 Against the Spread odds, sports bettors at BetMGM Sportsbook are: betting 72% of cash bets on the Chiefs spread betting 68% of ticket wagers on the Chiefs spread
When it comes to the Over/Under, those betting at BetMGM are: betting 70% ticket wagers on the Over (54.5) using only 63% of cash bets on Over wagers
Now, when you take the 2020 Super Bowl Moneyline into the equation, you see two very different things playing out per wagers at BetMGM: 58% of Moneyline tickets are being bet on the 49ers 57% of cash wagers are on the Moneyline for the Chiefs
All data via BetMGM as of Tuesday afternoon ET.
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Big bets on 2020 Super Bowl
How about those big-dollar wagers you always start hearing about this time of the year? If you're like me, you love seeing where the heavy hitters are laying their bets. According to BetMGM, they're already taking some heavy action on the Chiefs to win, including a:
$200,000 wager on the Chiefs ATS at -1, $150,000 wager on the Chiefs ML (-125), and $550,000 wager on the Chiefs ATS at -1 to win $500,000 (bet at The Bellagio in Las Vegas)
My wife would kill me if I tried that at home (that, and I'd end up losing the aforementioned home), but that sure would be an intense sweat during the fourth quarter.
Super Bowl LIV Betting Guide Chiefs-49ers Odds: Kansas City a slight favorite over San Francisco 2020 Super Bowl Odds
As of Tuesday at 7 p.m. ET, the Chiefs continue as 1.5-point (-106) favorites over the 49ers on the spread. If some additional big-dollar wagers like those mentioned above keep coming through, you have to think that line moves some before Sunday ...
The Moneyline still has the 49ers at plus-money, sitting at +105 while the Chiefs are anything but chalky at -121 odds.
The Over/Under remains at 54.5, with -110 tax on both sides of the number.
Want some action on the last football game of the season? Visit BetMGM and place your bets on the big game now.
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UPDATED 1/29/2020 with direct quotes from BetMGM.