SB LVIII Wrap-Up And Early Lines For Betting On Super Bowl 59

Super Bowl LVIII is in the books, and the Kansas City Chiefs have won their third Lombardi Trophy in five years and their fourth overall as a franchise. Gamblers in the United States wagered over $20 billion on the game domestically, with no data available on how much was spent at offshore betting sites.

No annual athletic contest suffers the scrutiny applied to the Super Bowl. Professional bookmakers worldwide focus on every tiny aspect of the big game because it is the only contest on the schedule during the season’s final fortnight.

Super Bowl betting sites are incredibly accurate when examining an entire NFL season’s worth of games. Sure, there are bad calls made on a weekly basis, but overall, sportsbooks are pretty accurate in their point spreads and over/under totals.

When narrowing the scope down to a single contest, errors and variances are acknowledged on a higher level. Let’s see how the SB betting line matched reality this year.

How Did The Super Bowl Oddsmakers Do?

Super Bowl 58 Betting Line

  • Point Spread: Kansas City +1.5, San Francisco -1.5 – Result Chiefs Cover
  • Moneyline Odds: Kansas City +105, San Francisco -120 – Result Chiefs Win
  • Over/Under: 47.5 – Result Under Hits

The San Francisco 49ers were the projected winner of Super Bowl LVIII. Obviously, that didn’t happen, so the 49ers didn’t cover the spread, and their moneyline odds didn’t cash in.

Check out that Super Bowl over/under, though. Seriously? A forecast of 47.5 total points was offered, and the two teams combined to score 47 with an overtime period included. Impressive.

Last June, futures odds for KC placed them as a Super Bowl favorite at +650. Anyone who wagered then earned a 6.5-to-1 payout ratio on February 11th.

Super Bowl LIX Betting

Preseason Super Bowl 59 Futures (3/1/24)

  • Kansas City Chiefs +450
  • San Francisco 49ers +600
  • Baltimore Ravens +1000
  • Buffalo Bills +1100
  • Detroit Lions +1200
  • Cincinnati Bengals +1400
  • Dallas Cowboys +1400
  • Green Bay Packers +1400
  • Philadelphia Eagles +1800
  • Miami Dolphins +2000
  • Houston Texans +2500
  • Los Angeles Chargers +2500
  • Los Angeles Rams +2500
  • New York Jets +2500
  • Cleveland Browns +3500
  • Jacksonville Jaguars +4000
  • Chicago Bears +4500
  • Atlanta Falcons +5000
  • Indianapolis Colts +5000
  • Minnesota Vikings +5500
  • Pittsburgh Steelers +6000
  • Seattle Seahawks +6500
  • Tampa Bay Buccaneers +6500
  • New Orleans Saints +8000
  • Las Vegas Raiders +8500
  • Denver Broncos +10000
  • New England Patriots +10000
  • New York Giants +10000
  • Arizona Cardinals +12500
  • Washington Commanders +12500
  • Tennessee Titans +15000
  • Carolina Panthers +25000

The above NFL futures suggest that the Chiefs and 49ers will rematch in Super Bowl LIX, which isn’t uncommon for preseason odds created prior to the NFL Draft and free agency period.

Last year’s rosters and results, combined with the draft order and player pool, are all that sportsbooks have to go on at the moment. A rapid-climber in the Super Bowl LIX futures is the Los Angeles Chargers.

This ascension is due to the hiring of head coach John Harbaugh, who just won a College Football National Championship with the Michigan Wolverines. Harbaugh returns to California following his 2014 departure as head coach of the 49ers.

The one achievement missing on Harbaugh’s resume is a Super Bowl Championship, and he has a talent-laden roster upon arrival in LA. Bet on the Chargers to win it all right now and earn an 25x payout at the end of the next NFL postseason.

Bovada LV (Bovada Super Bowl Sportsbook Review), Sports Illustrated