Updated Super Bowl 2023 Odds and Handle Information: Which Team is Getting Most of the Bets?
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This Sunday we witness the Kansas City Chiefs and Philadelphia Eagles battle it out in the biggest game of the season, Super Bowl LVII. Everyone in the nation will tune in to see who hoists up the trophy after a grueling 60 minutes of football, as well as cash their bets when it is all said and done. For the biggest game of the year, let’s see how the nation has bet on the Super Bowl since the opener.
NFL Super Bowl Odds
Speaking of the opener, oddsmakers initially believed the Chiefs would come out on top by opening them as a -2 favorite in some shops. Within a half hour, bettors hammered the Eagles and flipped the script by turning them into a -2.5 favorite. That number has since come down a peg, now sitting at -1.5 in the Eagles favor. We may see this number continue to move back towards the Chiefs should their injury updates continue to remain positive in their favor. This could potentially be the same exact situation as the Chiefs and Bengals AFC Conference Championship line movement.
As for the total, oddsmakers believe points are expected to be scored at a blistering pace behind two elite offenses by opening the number at 51. Bettors were quick to hammer the under, taking it down to as low as 49.5. That number has since ticked back over to 50.5, remaining in the dead zone between 49 and 51. This brings some intrigue to the over as the Chiefs offense gets healthier, getting back their weapons to crack the Eagles pass protection.
NFL Super Bowl Odds Handle
Per BetMGM, the Eagles spread has commanded a brunt of the bet handle and total money since the open. They currently have garnered 69% of all bets on the spread, as well as 72% of total money. This comes as no surprise as their number was smashed right away, flipping from an underdog to a favorite in a matter of a half hour.
The Chiefs health from the AFC Conference Championship may have influenced bets early on as Mahomes is dealing with a high ankle sprain. Mecole Hardman and Kadarius Toney both caught the injury bug as well, both being unable to finish the contest. We may see the Chiefs percentages close the gap on the Eagles as positive injury news trickles out from the Kansas City camp.
Speaking of closing the gap, the moneyline percentages are far closer to each other in comparison to the spread per BetMGM. The Chiefs have taken more moneyline tickets while the Eagles have seen more money printed on their end. This is a rare opportunity that we get to bet on the best quarterback in the NFL as an underdog in the biggest game of the year, attracting moneyline tickets early on.
The total has also seen line movement in both directions as oddsmakers opened the number at 51, immediately dropping to 49.5. It has since climbed back up, reflecting the handle and bet percentage leaning towards the overs favor. The Super Bowl is one of the rare events that it is hard to distinguish public and sharp money due to sheer volume, yet both look to be aligned on the idea of points being put on the board.
