Super Bowl LVII: Odds, biggest wagers, notable bets

1997

The Super Bowl is the biggest sports betting date of the year, and Super Bowl LVII between the Kansas City Chiefs and Philadelphia Eagles will be no different.

Sports betting is now legal and operational in over 30 U.S. states, including online in Ohio recently.

 

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Last year, Nevada sportsbooks won $15.4 million off $179.8 million in bets on Super Bowl LVI. How much will be wagered this year? An Eilers & Krejcik report estimated that over $1 billion would be wagered on the game in legal U.S. states.

In this file, we’ll keep track of the spread, total and notable wagers for the Big Game.

Consensus Super Bowl LVII spread: Eagles -1.5

Total: 51

Top 10 Biggest Super Bowl LVII Bets

1. $2,250,000 on Eagles -1.5 at Caesars in NY

2. $1.68 million on Chiefs +3.5 (-168) at DraftKings

3. $1.25 million on Eagles ML -125 at BetMGM

4. $1,000,000 on Eagles ML -125 at BetMGM

5. $1,000,000 on Eagles ML -112 at FanDuel

6. $880,000 on Chiefs ML (+110) at Caesars

7. $870,000 on Chiefs +1.5 at BetMGM

8. $550,000 on OVER 51 at Caesars in Nevada

9. $547,000 on OVER 49.5 (-125) at BetMGM in Arizona

10. $500,000 on OVER 50.5 (-115) at BetMGM

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Super Bowl week action

-The biggest reported wager on the Chiefs (and second-biggest Super Bowl bet overall) came in at DraftKings about an hour before kickoff, a $1.68 million wager on Chiefs +3.5 alternate line at -168 odds

-FanDuel reported a $1 million wager on the Eagles ML on Sunday afternoon that would pay $1.89 million. It is the fourth reported seven-figure wager; all of them have been on the Eagles.

-The majority of the action on the spread this weekend has been on the Chiefs. The overall number of bets on the Eagles spread is down to around 65% at several sportsbooks like DraftKings and BetMGM, whereas it was closer to 70% a few days ago.

-One bettor at BetMGM in Arizona on Sunday morning wagered $547,000 on OVER 49.5 points at -125 (bought a point) and also tossed down $52,500 on the coin toss being Heads. An interesting nugget: The six-figure wager was placed at the BetMGM sportsbook attached to State Farm Stadium in Arizona, where the Super Bowl will be played.

We’ve come quite a ways from a few years ago with the NFL’s relationship to sports betting.

– The Super Bowl line moved in the Chiefs’ favor at several Las Vegas sportsbooks on Saturday afternoon, as Circa went from Eagles -1.5 to -1, South Point went from Eagles -2 to -1 and The Westgate Las Vegas SuperBook went all the way to PK.

SuperBook Sports VP Jay Kornegay told VSiN the line move was due to “accumulation” of bets.

Chris Andrews, South Point Sportsbook Director, told VSiN the line move was due to both an accumulation of Kansas City bets and the $210,000 wager on KC below.

-The South Point in Las Vegas reported a $210,000 wager on the Chiefs +2 (-105) on Saturday afternoon. It’s the largest reported wager on the Chiefs spread on the game so far. Jimmy Vaccaro, oddsmaker at South Point, posted the ticket on Twitter.

-A Saturday morning update from BetMGM trader Christian Cipollini: “Currently the best outcome for the sportsbook is for the Eagles to win by 1. Chiefs money line has recently gotten some heavy backing, but we’re still expecting more big action on the game to roll in.”

-As of Saturday morning, Travis Kelce anytime TD (-135) is the most-bet SuperBowl LVII prop at PointsBet both by number of bets (25.3%) and dollars wagered (23.5%)

-The second seven-figure Super Bowl wager was reported on Thursday: $1.25 million on the Eagles moneyline at -125 odds from a BetMGM bettor in Nevada. The bet would win $1 million.

-Thomas Gable, sportsbook director at The Borgata in New Jersey texted VSiN on Thursday that there was an abundance of action on OVER Isiah Pacheco props. Pacheco’s receiving yards prop has moved from 12.5 to 16.5 and his rushing yards prop is up to 16.5. Pacheco went to Vineland High School, very close to Atlantic City, so there is a lot of local support.

-Eilers & Krejcik projects $1.06 BILLION to be bet on Super Bowl LVII in the 33 legal U.S. states. It would be the first time the legal U.S. market surpassed $1 billion mark in Super Bowl wagers.

-As of Tuesday morning, here are the five most-bet Super Bowl LVII prop bets at BetMGM sportsbooks.

1. Travis Kelce 1st TD scorer (+650)

2. Kelce anytime TD (-125)

3. Result of coin toss: Tails (-105)

4. Eagles 37-Chiefs 34 correct score (80-1)

5. Miles Sanders OVER 59.5 rushing yards (-115)

-The interesting Super Bowl LVII MVP wagers keep coming in. A bettor in Pennsylvania at PointsBet wagered $130 on an offensive lineman to win MVP at 250-1 odds.

-Over 50 million American adults plan to wager an estimated record $16 billion on Super Bowl LVII, according to American Gaming Association’s annual Super Bowl wagering survey. The number of expected Super Bowl bettors is up 61% from last year’s survey.

Early betting action

Saturday, 2/4

-The first of what is expected to be many $1 million bets was placed on the Super Bowl. A bettor at BetMGM wagered $1 million on the Eagles ML at -125 odds. The bet would win $800,000. BetMGM declined to provide details about the state that the wager was placed in.

-Patrick Mahomes (28%) and Jalen Hurts (24%) had the most bets for Super Bowl LVII MVP at DraftKings Sportsbook. The player getting the third-most action was Philadelphia’s Hasson Reddick (11.7%) at 35-1 odds.

Friday, 2/3

-One bettor at PointsBet is banking on some potential quarterback injuries in the Super Bowl. He wagered:

$100 on Gardner Minshew to win Super Bowl MVP (250-1)

$136 on Chad Henne to win Super Bowl MVP (100-1)

While both Patrick Mahomes and Jalen Hurts are dealing with injuries, these bets are long shots for a reason.

-Caesars opened a prop on Friday for those following the Kelce brothers storyline: Travis Kelce receiving yards (-6.5) vs. Jason Kelce snaps

Some other interesting long shot wagers on Super Bowl LVII MVP from one bettor at Caesars:

Bettor wagered:

$500 on Jake Elliot at 200-1

$500 on Harrison Butker at 200-1

Each bet would win $100,000. A kicker has never won Super Bowl MVP before.

-An Arizona bettor at Caesars wagered $50,000 on Patrick Mahomes to be Super Bowl MVP earlier in the postseason at +350 odds.

Thursday, 2/2

A Super Bowl update from Thomas Gable at The Borgata in Atlantic City, New Jersey: “As expected, we’ve had a decent amount of Eagles action, both on the spread and the moneyline. We took some sharp action on the Chiefs first-half team total OVER 12.5 [on Wednesday].”

-So far at DraftKings, the majority of bettors in every state except for Kansas are betting the Eagles -1.5 to cover in the Super Bowl

Tuesday, 1/31

-Early bettors at DraftKings are backing the Eagles, with 69% of bets, 70% of handle on Philadelphia so far. Bettors are also loading up on OVER Patrick Mahomes 1.5 TDs (91% of bets, 89% of handle) and OVER Jalen Hurts 1.5 passing TDs (91% of bets, 95% of handle).

Sunday, 1/29

-The Westgate Las Vegas SuperBook was the first book to open a Super Bowl LVII line. They opened at pick-em and took a $20,000 wager on Chiefs PK, per ESPN’s David Purdum.

-Caesars Sportsbook opened the game pick-em as well, but moved to Eagles -2 within an hour.

“When we made all the lookahead matchups last week every game was between a 1-point spread and pick’em, so this game seems like a natural toss-up,” Adam Pullen, Caesars Sportsbook Assistant Director of Trading, said in a release. “We opened as a pick’em but the market is moving strongly toward the Eagles. We took some Chiefs money early before we saw a bunch come in on the Eagles. So far, most of the action has been on the Eagles.”

-South Point sportsbook director Chris Andrews told VSiN that the flip of favorites from Chiefs to Eagles was due to a combination of respected bets and moving with the market.

-Circa Sports in Las Vegas opened with the highest line on Kansas City, at Chiefs -2. A little over 20 minutes later, the Super Bowl LVII spread at Circa was Eagles -2.5.

Notable futures bets

$20,000 on Philadelphia Eagles at 25-1 at DraftKings

Total payout: $500,000

$30,000 on Philadelphia Eagles at %plussign% 850 at Caesars

Total payout: $255,000

$10,000 on Philadelphia Eagles at 25-1 at Caesars

Total payout: $250,000

$50,000 on Kansas City Chiefs at %plussign% 450 at Caesars

Total payout: $225,000