Chiefs Garnering Bulk of Super Bowl Bets in BetMGM States

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Posted on: February 1, 2024, 03:51h. 

Last updated on: February 1, 2024, 04:01h.

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There are 10 days near until Super Bowl LVIII kicks off, truthful changes are possible, but arsenic things stood earlier today, nan Kansas City Chiefs are commanding nan important mostly of nan accepted wagers successful nan states successful which BetMGM is operational.

Patrick Mahomes Chiefs Super BowlKansas City Chiefs backmost Patrick Mahomes runs for a first down against nan Philadelphia Eagles successful Super Bowl LVII. The Chiefs are garnering a monolithic percent of Super Bowl bets this twelvemonth astatine BetMGM. (Image: Getty)

BetMGM said that it’s taken successful 5x arsenic overmuch money connected nan Chiefs connected nan moneyline than it has connected nan San Francisco 49ers, and that nan mostly of nan dispersed bets it’s booked successful nan jurisdictions successful which it operates are connected nan Chiefs to screen +2.

The sportsbook usability opened nan 49ers astatine -2 and that’s wherever nan dispersed remains arsenic of Thursday. BetMGM clients person driven 73% of nan bets and 74% of nan grip to nan Chiefs astatine that number. The usability opened its Super Bowl moneyline astatine San Francisco -135 (bet $135 to triumph $100) and Kansas City +115 (bet $100 to triumph $115). Those likelihood person since shifted to -130 and +110, respectively.

Eighty-four percent of nan moneyline wagers and 77% of that bet’s grip astatine BetMGM are connected nan Chiefs, according to nan operator.

Regional Bias for Chiefs Apparent

In North America, BetMGM offers mobile sports betting successful 19 states arsenic good arsenic Ontario, Canada, and Puerto Rico.

The three-time Super Bowl champion Chiefs play successful Kansas City, Mo., but Missouri doesn’t licence sports betting.  Neighboring Kansas does and successful that Chiefs-enthused state, nan AFC champions are commanding 93% of nan bets and 95% of nan grip astatine BetMGM.

Illinois, Iowa, Kentucky, and Tennessee are nan different states sharing borders pinch Missouri that besides connection mobile sports betting, but BetMGM, which is operational successful those states, didn’t merchandise information connected really heavy bettors successful those jurisdictions are tilting toward nan Chiefs.

If location is immoderate state-level bias for nan 49ers, it mightiness travel by measurement of Oregon wherever BetMGM doesn’t connection mobile wagering. BetMGM is a 50/50 associated venture betwixt MGM Resorts International (NYSE: MGM) and UK-based Entain Plc (OTC: GMVHF).

Over/Under Look, Spread Trends

The over/under connected nan large crippled was opened astatine 47 by BetMGM and it’s now astatine 47.5. As is par for nan people pinch astir each game, bettors are heavy favoring nan over. As of Thursday, 69% of nan bets and 70% of nan grip were connected nan over, according to BetMGM. This year’s version of nan large crippled is astatine Allegiant Stadium successful Las Vegas, which is simply a domed venue, meaning upwind won’t impact nan game.

Bettors who for illustration to measure humanities trends whitethorn want to see that successful 57 anterior Super Bowls, nan favored squad went 29-25-2 against nan spread. That statistic excludes a crippled that was a “pick ‘em.” Favorites are besides 37-20 connected nan moneyline.

An interesting, somewhat caller trend, is that successful nan past 22 Super Bowls, underdogs for illustration nan Chiefs are this year, are 15-7 against nan spread, according to Forbes Betting.

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