In the first 36 hours of Super Bowl betting on BetMGM.com, 76 percent of all spread tickets were placed on the Kansas City Chiefs (-3.5) for a total of 80 percent of the total spread handle. Those numbers have plummeted as bettors flooded the Tampa Bay Buccaneers’ line, including several bettors making six- and seven-figure bets.
Three days before the Chiefs and Bucs kick off in Tampa, the Chiefs still carry more spread tickets (60 percent), but the 53 percent of the spread handle is on the Bucs, currently a 3.5-point underdog after opening at 3.5 and dropping to 3 before returning to 3.5. Over the nine days in which the Chiefs’ ticket and handle shares decreased, three Super Bowl bets of at least $200,000 were placed, one on the game total and two on the spread.
As of Thursday, here are the five biggest Super Bowl bets on BetMGM.com:
- $2.3 Million: Bucs +3.5 (-115) to win $2 million
- $345,000: Bucs +3.5 (-115) to win $300,000
- $205,000: Under 56.5 (-110) to win $186,363
- $180,000: Chiefs ML (-180) to win $100,000
- $115,000: Chiefs -3.5 (-115) to win $100,000
The $2.3-million bet was placed on Jan. 28 by a Nevada bettor on BetMGM’s mobile app. At the time, it was the largest Super Bowl bet on any sportsbook and BetMGM’s first six-figure bet on the Bucs.
"This was a bet we were very happy to receive," said Jason Scott, vice president of trading for BetMGM. “We had previously written several other six-figure bets, all on Kansas City, and the public is certainly behind Andy Reid and Patrick Mahomes."
The $2.3-million bet helped push the handle share toward the Bucs, as did the $205,000 over/under bet toward the under, though the over is still drawing the most action. Also, as of Thursday, 69 percent of the over/under tickets and 69 percent of the over/under handle were on the over. That’s down from 79 percent and 82 percent, respectively, from Tuesday, Jan. 26 as well.
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