Super Bowl Odds: Chiefs the Most Popular Super Bowl Bet With 60% of Bettors Backing them to Win
Super Bowl Odds: Chiefs the Most Popular Super Bowl Bet With 60% of Bettors Backing them to Win
The Kansas City Chiefs are ready to square off with the San Francisco 49ers in a rematch of Super Bowl LIV. They will battle it out on Sunday evening as the Niners look for revenge over KC, and Las Vegas gamblers hope to capitalize on the city's first Super Bowl.
Patrick Mahomes and the Chiefs used a fourth quarter comeback to defeat the Niners in the Super Bowl four years ago, and bettors believe they are going to get it done again. Kansas City was a -1 favorite that year, but arrive as a +2 underdog this time around.
Many bettors are banking on Patrick Mahomes' record of 9-0-1 ATS as an underdog, and 3-0 straight up in the playoffs for their big bets on Sunday. The recent price changes haven't discouraged them, and the tickets continue to pour in on the Chiefs. Let's explore the most updated data to see where bettors are trusting their money for Super Bowl LVIII.
Super Bowl Odds: Public Betting Data
| Team | Odds | Public Betting % |
|---|---|---|
| Kansas City Chiefs | +110 | 60.7% |
| San Francisco 49ers | -130 | 39.3% |
As can be seen through the most recent data, the public is continuing to hammer the Chiefs, even as they move back closer to the opening line of a bigger underdog. The initial public wave had brought the Super Bowl line from Chiefs +3 and +120 moneyline down to +1 and -104. However, sharps scooped the line back up from the dip and have returned it to Niners -2.5 and -130, while the Chiefs lengthened to +110 again.
Even with the large amount of Chiefs tickets, they are losing the disparity in handle percentage. There is slightly different data at each sportsbook, but the overall story remains the same with the betting splits. The Chiefs have the overwhelming majority of tickets, but the handle splits back to the Niners by about 6-12%, depending on the source.
For example, VSIN reports DraftKings Sportsbook data, and has 79% of total moneyline bets on the Chiefs, but only 67% of the total dollars wagered on them, a 12% gap. More people may be betting on Patrick Mahomes and Kansas City, but the larger bets are coming in on the 49ers, including several seven-figure wagers.
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Peter is a sports writer focused on coverage and analysis of college football and basketball, as well as the NFL and other major sports. A graduate of the University of Missouri School of Journalism, he has been writing sports articles for over 8 years.
After working for ClutchPoints, Peter joined OddsChecker in 2023. He is a New York sports superfan and is fluent in the sports betting industry.