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67% of Early Money Bet on Super Bowl 54 is on Chiefs Over 49ers – Less Than Half of Expected Money Has Been Wagered

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While acknowledging that only about 40% of the expected money has been wagered on the Super Bowl, sportsbooks report that 67% of their handle is backing the Kansas City Chiefs. However, 80% of smart money is bet on the San Francisco 49ers. Photo By Jeffrey Beall (Wiki Commons).
  • Of all money wagered so far on Super Bowl 54, 67% of the handle is bet on the Kansas City Chiefs
  • However, 80% of smart money is backing the San Francisco 49ers
  • The Chiefs are currently one-point favorites – read below for our line movement prediction

The oddsmakers admit that it’s still very early in the game. With just over a week until Super Bowl 54 is played, sportsbooks have taken in about 40% of the money they expect to be bet on the big game.

To date, the public likes the Kansas City Chiefs. The smart money, though, is all over the San Francisco 49ers.

The Chiefs are currently one-point favorites to win the game.

San Francisco 49ers vs Kansas City Chiefs Odds

Team Moneyline Spread Total
San Francisco 49ers +110 +1.0 (-105) Over 54.5 (-110)
Kansas City Chiefs -130 -1.0 (-115) Under 54.5 (-110)

Odds taken Jan. 19th.

Kansas City has never previously been a Super Bowl favorite.

Sportsbooks Keeping a Tight Line

When the 2020 Super Bowl kicks off at approximately 6:30 p.m. on Sunday, Feb. 2nd, it figures to do so with one of the shortest lines in the history of the game.

Sportsbooks’ first odds on the game showed the opening line with the Chiefs and 49ers listed as a pick. From there, the Chiefs were bet down to a one-point favorite. Quickly, though, the line reverted back to a pick.

Shortest Super Bowl Odds

Super Bowl Line Winner
2015 New England Patriots-Seattle Seahawks pick
1982 San Francisco 49ers -1 over Cincinnati Bengals Favorite
1973 Miami Dolphins -1 over Washington Redskins Favorite
2019 New England Patriots -2.5 over Los Angeles Rams Favorite
2014 Denver Broncos -2.5 over Seattle Seahawks Underdog
2012 New England Patriots -2.5 over New York Giants Underdog
1971 Baltimore Colts -2.5 over Dallas Cowboys Favorite

Then it jumped all the way to KC -1.5. Currently, the Chiefs are the one-point chalk.

Just one Super Bowl has gone off as a pick. That was in 2015, when the New England Patriots defeated the Seattle Seahawks 28-24.

Thirteen other Super Bowls have seen a line of three points or less. Favorites are 7-6 against the spread in those games.

Where the Money is Going

Currently, sportsbooks show 67% of its overall handle intake and 54% of all wagers laid thus far on the Super Bowl are putting their money on the Chiefs.

When the sharps are taken into account, the script is flipped. The smart money is all over the 49ers to the tune of 80%.

In terms of moneyline wagering, the 49ers are also the popular choice. Sportsbooks show 56% of the moneyline handle and 66% of all moneyline wagers being put down on San Francisco to win. The sharps like the Niners in the moneyline at 75%.

At 54.5 points, the total seems lower than expected, considering the explosive abilities of these two offenses. The public agrees. They’ve played 83% of the handle and 85% of all wagers on the over.

Again, the sharps beg to differ, playing the under at a 62% rate.

Smart Money Playing a Waiting Game

Sportsbooks report that they’ve already handled some six-figure wagers on the game. About 90% of those big-ticket bets are placed on KC.

The oddsmakers note that there’s still a large amount of money still to be played. Right now, they indicate that the game is still in the public’s hands.

Until they move the number to the wiseguys’ liking, they expect the sharps to sit on the sidelines like a sniper waiting to pick off what they view to be a bad price.

When that money comes in, if the trend among sharps continues toward the 49ers, we could be looking at the second pick line in Super Bowl history.

This article may contain links to external sports betting services. SBD may receive advertising revenue from these links, however editorial has hand-picked each individual link based on relevance to the article, without influence on the coverage.

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