Betting insider reveals overwhelming action on Kansas City Chiefs ahead of Super Bowl LVIII

The public seems to have made its decision on who it thinks will win Super Bowl LVIII, with a betting insider recently revealing the overwhelming action on the Kansas City Chiefs ahead of the game.

A trader at FanDuel shared just how severe the gap between the two teams is right now with Ben Fawkes.

“We have taken almost 8x as many bets on the Chiefs ML than the 49ers. The spread has also been skewed to a lesser degree with almost 3x as many bets on the Chiefs than the 49ers,” the trader shared.

In total, 76% of bets and a whopping 80% of the money is currently on Kansas City +2.5 points.

DraftKings has seen similar betting numbers coming in on the Chiefs for the moneyline, which is currently at +105 for the Super Bowl. According to a social media post by DraftKings, 79% of bets and 67% of the money has been put on the Chiefs moneyline.

Clearly, the public is incredibly high on the Kansas City Chiefs, and there are a few good reasons for that too. For one, the Chiefs have Patrick Mahomes, and having the best quarterback in the game is always going to matter.

There has also been much more attention on the Kansas City Chiefs this season than any other team in the NFL, thanks to the relationship between Travis Kelce and Taylor Swift. It garnered tons of attention this season, with Swift attending games being credited with adding $331 million in revenue for the NFL and elevating viewership by 53% among teenage girls and 7% overall.

Regardless of why the betting is this one-sided, it does make for an interesting situation for sportsbooks as the public is either in for a big win or a big loss.

The potential doomsday Super Bowl outcome for sportsbooks

Unfortunately, for sportsbooks, there is a doomsday scenario for them on Super Bowl Sunday. Tristan Davis, a Senior Manager at BetMGM, explained that a close San Francisco win could be devastating.

“San Francisco winning by one point would be the worst outcome for the sportsbook allowing Niners futures and Chiefs spread bets to all cash,” Davis explained.

Basically, the most money being put down ahead of the game is on Kansas City to beat the spread. However, there are also a lot of long-term bets on the 49ers to win the Super Bowl. So, if San Francisco wins by one, both of those are good bets.

Gambling on the Super Bowl isn’t a small industry, either. With 68 million Americans betting on the Super Bowl and more than $23.1 billion being gambled on the game, there is plenty on the line for Vegas and the public alike.