As the confetti gets swept up in Philadelphia and Kansas City, bettors are getting straight in on the action with the latest Super Bowl odds.
It didn’t take long for the betting market to take a stand on the spread for Super Bowl LIX between the Eagles and Chiefs.
“Early action is on the Chiefs to win the Super Bowl and from a futures perspective the Eagles are the best outcome,” Halvor Egeland, BetMGM trading manager, said.
“The sportsbook will be cheering for the Birds and the under.”
By Monday morning, 72% of the spread handle and 66% of the bets are already on the Chiefs -1.5, according to figures released by BetMGM.
At Caesars, the spread opened with the Chiefs as a one-point favored and quickly was bet up to -2. The Chiefs moneyline moved from -120 at open to -130.
“The early action has been very much on the side of the Chiefs, representing approximately 65/35 split on the Chiefs ML and spread,” said Caesars Sportsbook's head of football, Joey Feazel.
“We expect this to continue throughout the week as the Chiefs are striving for that coveted three-peat that has never been done in NFL history. We couldn't have dreamed up a better matchup to be played inside the Caesars Superdome, and we plan to build out our largest prop betting menu ever to match the magnitude of the moment.”
The Eagles are getting a little more early love at DraftKings, which is reporting that Philadelphia (-110) is getting 45% of the tickets but 63% of the money has come in on Kansas City (-110).
However, initial moneyline wagering is much more split. BetMGM lists the Chiefs to win outright at -133 after opening at -125, and while they’re getting 65% of the handle, 54% of the tickets are on the Eagles (+110).
DraftKings has an almost dead-even split as the handle is 50-50 while the bets are 51-49 Eagles (+105).
The over is getting smashed in early point total betting. BetMGM’s 49.5 is already up a point from the opening and is getting 88% of the over bets and 90% of the handle while DraftKings has already seen 84% of tickets and 83% of the money on the over.
Kansas City, which held off Buffalo 32-29 in the AFC Championship Game, is looking for its historic third consecutive Super Bowl win. The Eagles, who last won the title in 2017, lost to the Chiefs 38-35 two years ago.
Futures update
The Chiefs were one of the most-bet teams throughout the 2024 regular season and into the NFL playoffs, so it’s no surprise the sportsbooks need Philadelphia to kill off futures market tickets.
Kansas City, which opened at +750, has more liability at BetMGM with 16.8% of the handle and 12.6% of the tickets in the Super Bowl winner market. However, the Chiefs aren’t one the online sportsbook’s three biggest liabilities.
BetMGM was helped out by the Eagles, who opened at +1600 in the Super Bowl winner market, on Sunday when a 55-23 rout of Washington knocked out the second-biggest liability. The Commanders eliminated the team that could’ve hurt BetMGM the most when they beat the Detroit Lions in the Divisional Round.
A bettor in New Jersey placed $20K on the Washington Commanders (+850) to win Super Bowl LIX at the Caesars Superdome 👀
— Caesars Sportsbook & Casino (@CaesarsSports) January 25, 2025
Potential win: $170K pic.twitter.com/1rSM5TyHOi
The Bills had the second-highest handle and third-most tickets but still weren’t as big a liability as the Lions, Commanders, and Steelers.
A bettor in Colorado wagered $19,999 on the Bills (+475) to win Super Bowl LIX at the Caesars Superdome on 1/19 🐃
— Caesars Sportsbook & Casino (@CaesarsSports) January 24, 2025
Potential Payout: $114,994.25 pic.twitter.com/45m2TZsgpN
Sunday's outcomes
Sunday’s NFC and AFC championship games were a mixed bag for sports betting operators.
Many sportsbooks needed an Eagles victory because of the number of moneyline tickets on the 2-to-1 underdog.
A bettor in Iowa wagered $160K on the Commanders ML (+228) vs the Eagles 🤯
— Caesars Sportsbook & Casino (@CaesarsSports) January 22, 2025
Potential payout: $524,800 pic.twitter.com/vdSWcUxFAm
Despite Washington's heavy spread action during the middle and late part of the week, the Eagles received some attention over the weekend. The line stayed at -6, and ESPN BET reported a 50-50 spread handle on Sunday morning.
The action was split between Bills-Chiefs, thanks to the magnitude of the game and the low line. Still, Buffalo was getting a slight majority of the spread and moneyline wagers, so operators fared well there.
However, Caesars Sportsbook did pay out $1 million on a Chiefs ML bet.
A bettor at @CaesarsPalace wagered $1.3M on the Chiefs ML (-130) vs. the Bills 👀
— Caesars Sportsbook & Casino (@CaesarsSports) January 21, 2025
Potential payout: $2.3M pic.twitter.com/yluKv3Fohj
The totals both easily went over, which is where bettors sided, so sportsbooks weren’t pleased with those outcomes. Caesars recouped some of that big Chiefs ticket loss with a big win on an under bet that the Eagles covered by themselves.
A bettor out of NV wagered $220K on UNDER 47.5 (-110) in Commanders-Eagles this weekend 😯
— Caesars Sportsbook & Casino (@CaesarsSports) January 25, 2025
Potential payout: $420K 🔥 pic.twitter.com/Y8iwXYLU1g
Saquon Barkley was the most-bet player to score the first touchdown, which he did on the first Eagles’ offensive snap.
Saquon Barkley is the most popular bet to score the first TD of the NFC Championship.
— Covers (@Covers) January 26, 2025
Is there better value on the board? 🤔
Odds courtesy of @CaesarsSports pic.twitter.com/xJXndw2B60
