As Super Bowl LVIII approaches, the Kansas City Chiefs are currently the favorites among traditional wagers in the states where BetMGM operates. The sportsbook operator has revealed that it has taken in five times as much money on the Chiefs to win over the San Francisco 49ers. Additionally, the majority of the spread bets it has booked are on the Chiefs to cover +2.
BetMGM clients have heavily favored the Chiefs, driving 73% of the bets and 74% of the handle, according to the sportsbook operator. The moneyline wagers also heavily lean towards the Chiefs, with 84% of the bets and 77% of the bet’s handle at BetMGM being placed on the team.
Regional bias for the Chiefs is evident in states where BetMGM offers mobile sports betting. In Missouri, where the Chiefs play, neighboring Kansas permits sports betting and the AFC champions are commanding 93% of the bets and 95% of the handle at BetMGM. However, the operator didn’t release data on how bettors in other neighboring states are betting.
In terms of over/under betting, the over/under on the game was opened at 47 and has since shifted to 47.5. Bettors heavily favor the over, with 69% of the bets and 70% of the handle currently on the over.
For historical trends, favorites have gone 29-25-2 against the spread in 57 prior Super Bowls, and underdogs like the Chiefs this year are 15-7 against the spread in the last 22 Super Bowls.
Overall, with 10 days left until the big game, the Kansas City Chiefs are currently receiving the lion’s share of wagers at BetMGM, signaling a strong preference for the team among bettors. The game is set to take place at Allegiant Stadium in Las Vegas, where weather won’t be a factor in the game.