Super Bowl 2024 Betting: Sportsbook Takes Big Hit With Chiefs Win Over 49ers, Game Will Go To Overtime

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Maybe the house doesn’t always win? Super Bowl LVIII was a good day for the masses as they enjoyed some notable wins in the sportsbook with Kansas City’s victory over the San Francisco 49ers. The Chiefs were 2-point underdogs going into the game and closed at 46.5 overall. Most of the handle was on KC and over, and the sportsbook was sitting pretty for most of the game, with the Niners leading by seven at halftime and scoring just 13 points.

However, the Chiefs rallied in the second half to not only edge out the win, but also help them hit the overtime total. The victory moved Patrick Mahomes to 11-1-1 ATS in his career as an underdog.

“We lost the game,” Westgate SuperBook Vice President Jay Kornegay said, per the Las Vegas Review-Journal. “It was a big swing for us with the Chiefs win. We needed 49ers in it.”

“Sharp was on the 49ers and the crowd was on the Chiefs. It was a great comeback by the people on the game,” added Creed Mucklow, vice president of trading for Caesars.

While it was a low-scoring game for most of the evening, things picked up after a muffed punt by the 49ers, which led to the Chiefs’ first touchdown of the game on the following play. He launched five straight scoring drives to end regulation and send the game to overtime. There, a Niners field goal and a Chiefs touchdown helped the total land at 47. A missed extra point from 49ers kicker Jake Moody early in the fourth quarter could prove costly for bettors. Until the Super Bowl, the total hovered around 47.5, but closed at 46.5. Going into overtime proved to be the key swing, depending on when people bet.

According to the Review-Journal, the game going into overtime cost the books millions of dollars. The prop pays around 9/1 and Caesar loses seven figures on that alone.

“We were definitely fed up when we saw it shape up as an overtime game,” Kornegay said of Westgate’s hit with the game going to OT. “Overall the game was really going our way. It was low scoring, somewhat sloppy, and it looked like the 49ers were going to win. Then the game went into overtime, and it all fell apart from there.

Travis Kelce, the one winner for the books, did not score a touchdown in this Super Bowl. At one point last week (Feb. 6), Caesars Sportsbook noted that Kelce had more odds on a touchdown (-105) than the odds on the 49ers ML and spread combined.

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