After the San Francisco 49ers won the NFC Championship, NFL oddsmakers adjusted their opening lines for Super Bowl LVIII, as bettors quickly jumped to place their bets. The Kansas City Chiefs also secured their spot in the Super Bowl after defeating the Baltimore Ravens in the AFC Championship Game.
Bettors were quick to place their money on the underdog Chiefs, prompting oddsmakers at bet365 to adjust the spread from 49ers -2 to San Francisco -1. Other online sportsbooks saw similar action, with the spread settling around 49ers -1 or -1.5 by Monday morning. The total for the game opened at 47.5 points and remained at that number across most sportsbooks overnight.
During the NFL playoffs, underdog teams have secured an 8-4 record against the spread, while higher playoff seed teams have struggled, going just 2-15-2 ATS in the past 26 Super Bowls. In the 55 Super Bowl games with posted totals, the over/under record is 28-27-1, with teams averaging 46.5 points per game.
Thousands of betting markets have already opened up for the Super Bowl at bet365 and other sportsbooks, much quicker than during a regular season week. Bettors can find main markets, player props, touchdown scorers, and parlay bets already posted, with additional markets expected to open leading up to the Super Bowl.
As the Super Bowl approaches, betting opportunities will expand to include various wagers related to the game, national anthem performances, halftime shows, and even the activities of celebrities attending the game. Bettors can expect more betting content leading up to Super Bowl LVIII from sources like Canada Sports Betting to assist in their handicapping efforts.