Super Bowl Odds 2024: Who’s the Favorite to Win Super Bowl 58?

As the countdown to Super Bowl 58 ticks away, the fervor among football enthusiasts is mirrored in the bustling world of sports betting. The latest data from BetMGM Sportsbook paints a vivid picture of where the collective sentiment lies, and it’s overwhelmingly tilted in favor of the Kansas City Chiefs.

Chiefs Dominate Betting Landscape

Kansas City is not just a geographical hub; it’s emerged as the epicenter of Super Bowl betting, with the majority of bets flowing toward the across various states and even the nation’s capital. According to by BetMGM Sportsbook, the Chiefs are commanding attenšŸ­tion in all 20 states plus Washington D.C., withšŸ§ø an impressive surge in bets against the spread.

The discrepancy between bets on the Chiefs and the 49ers is striking. At BetMGM, there are five times as many bets on the Chiefs to secure victory compared to the wagers on the 49ers. This substantial gap signifies a clear šŸƒconsensus among bettors that the Chiefs are poised for success in the championship clash.

Spread Dominance: Chiefs Capture Three-Fourths of Bets and Money

The Chiefs’ dominance extends beyond sheer quantity to statistical prominence. In terms of spread bets, Kansas City is securing nearly three-fourths of both the tickets and handle. Impressively, 73 percent of bets and 74 percent of the money are flowing toward the Chiefs, indicating substantial backing from the betting community.

This overwhelming support could be attributed to various factors, including recent team performance, player dynamics, and perhaps the lingering glow of the Chiefs’ previous Super Bowl victory. Bettors seem to be aligning their faith with the Chiefs’ ability to outperform expectations.

Moneyline Frenzy: Chiefs Command Public Trust

When it comes to the moneyline, the Chiefs are not just favorites; they are the resounding choice of the public. A staggering 84 percent of bets and 77 percent of the handle are favoring Kansas City to clinch the Super Bowl title for the second consecutive season. This lopsided trend indicates a strong vote of confidence from the betting public in the Chiefs’ ability to emerge victorious in the grand finale.

The appeal of the Chiefs isn’t confined to a particular region; it transcends geographical boundaries. However, it’s noteworthy that in the Midwest, particularly in Kansas, the Chiefs enjoy an exceptional level of support. A staggering 93 percent of bets and 95 percent of the money in Kansas are rallying behind the Chiefs to cover the spread. The initial line movement, with the Chiefs opening as 2.5-point underdogs, has seen fluctuations, settling at +2 as of the latest update.

Patrick Mahomes Travis Kelce Chiefs Super Bowl
(Photo: Geoff Burke-USA TODAY Sports)

Contrasting Fortunes: 49ers’ Season-Long Support vs. Current Trends

While the Chiefs are basking in the glory of current betting trends, the 49ers experienced a surge in support throughout the season. Earlier this week, BetMGM revealed that 16.7% of all Super Bowl futures bets were placed on San Francisco, making them the most popular choice among NFL teams. However, this season-long favorability hasn’t translated into a similar surge as the championship showdown approaches.

The dynamics of Super Bowl betting are dynamic and influenced by myriad fašŸ…˜ctors, including team perfošŸ“rmance, player form, and public sentiment at a given moment. The contrasting fortunes of the Chiefs and 49ers in the betting realm highlight the ever-shifting landscape of sports wagering.

Total Points: Nudging Upwards

As the spectacle of Super Bowl 58 promises a clash of offensive titans, the total points for theܫ game have seen a subtle adjustment. Opening at 47 points, the total has nudged up to 47.5 points, indicating a growing expectation among bettors for an electrifying offensive showdown between the Chiefs and the 49ers.

In the intricate world of sports betting, every shift in trend and nuance in statistics adds to the narrative of anticipation leading up to the Super Bowl. As the Chiefs secure a formidable position as the favorites, the stage is set for a thrilling encounter that will not only unfold on the field but also resonate across the diverse landscape of Super Bowl bettinšŸøg.

written by

Patrick grew up in Chicago's Bridgeport and Garfield Ridge šŸŒ„neighborhoods before moving to the Western Suburbs of Chicago before eventually relocating to the Las Vegas šŸ·area with his family in 2023. He started with Bleacher Nation in 2021 and has spent time as a Staff Writer and on the Chicago Blackhawks beat. He is currently a writer and editor at Bleacher Nation covering the Chicago Bears and the NFL at large and the author of the Patrick is a member of the (PFWA).

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