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Bettors are enamored with the chances of a Super Bowl three-peat for the Kansas City Chiefs.
Nearly 30% of the money bet on the winner of Super Bowl LIX at BetMGM is on the Chiefs so far as Kansas City is getting the most money of any team by a large margin at the sportsbook.
As a result, the Chiefs’ odds to win a third straight Super Bowl have already dropped. Kansas City was +750 in the hours after winning Super Bowl LVIII over the San Francisco 49ers and is now at +650.
The Detroit Lions at +1200 are getting the second-most action but the money on the Lions is dwarfed by the money on the Chiefs. Just under 13% of tickets and 13% of the money is on the Lions. Conversely, the Chiefs are getting 29.4% of the money on 18.4% of bets.
The Chiefs and Lions are the most popular Super Bowl bets by far ahead of free agency. No other team is getting more than 5.5% of bets or 7.5% of the money. The Buffalo Bills (+1200) are getting the third-most bets and money ahead of the Cleveland Browns (+4000) and Cincinnati Bengals (+1400) each getting 5.1% of Super Bowl futures tickets.
The 49ers are still the Super Bowl favorites, however. San Francisco opened as the favorite to win Super Bowl LIX after losing 25-22 to the Chiefs in overtime and are still at +500 to win the title. Just under 5% of tickets and 7% of the money is on the 49ers.
It’s understandable why bettors like the Chiefs. If Kansas City is able to retain DL Chris Jones and CB L’Jarius Sneed — two new contracts that aren’t guaranteed by any means — the Chiefs will return their Super Bowl-winning core intact and still have some salary cap room to make a few free agent signings. After the release of Marquez Valdes-Scantling this week, the Chiefs seem likely to sign at least one wide receiver in free agency.
The Lions had a halftime lead over the San Francisco 49ers in the NFC title game before the 49ers came back to advance to the Super Bowl. The Lions have a lot of cap space ahead of the 2024 season and will…
Source link : https://sports.yahoo.com/super-bowl-lix-bettors-love-the-chances-of-a-third-consecutive-title-for-the-kansas-city-chiefs-150216911.html
Author : Yahoo Sports
Publish date : 2024-02-29 15:02:16
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