Super Bowl LVI: Odds, biggest wagers, notable bets

By
Ben Fawkes
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160

The Super Bowl is the biggest sports betting date of the year, and Super Bowl LVI between the Cincinnati Bengals and Los Angeles Rams will be no different.

Sports betting is now legal and operational in over 30 U.S. states, including online in Louisiana and New York recently.

 

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Last year, Nevada sportsbooks won $12.57 million off $136 million in bets on Super Bowl LV. How much will be wagered this year?

In this file, we’ll keep track of the spread, total and notable wagers for the Big Game.

Consensus Super Bowl LVI spread: Rams -4

Total: 48.5

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Biggest reported Super Bowl bets

1. $5 million on Bengals ML (%plussign% 170) at Caesars Sportsbook in Louisiana

2. $4,534,000 on Bengals ML (%plussign% 170) at Caesars Sportsbook in Louisiana

3. $2.1 million on Rams ML (-175) at Caesars in Nevada

4. $1,567,500 on Rams -4 at Caesars in Nevada

5. $1.05 million on Rams ML (-175) at Caesars in Nevada

6. $1,000,000 on Rams 1Q -0.5 (%plussign% 105) at BetMGM in Nevada

7. $1,000,000 on Rams 1H -2.5 (-120) at BetMGM in Nevada

8. $1,000,000 on Rams 1H O 13.5 (-115) at BetMGM in Nevada

9. $1,000,000 on two-leg parlay Bengals ML (%plussign% 170) Under 48.5 in Illinois

10. $612,500 on Rams ML (-175) at Caesars in Nevada

Betting action

Super Bowl week

– South Point sportsbook in Las Vegas was the first to go to Rams -5 on Sunday morning. The move was due to an “accumulation” of Rams bets, per sportsbook director Chris Andrews.

-One bettor in Nevada was responsible for three $1 million bets, BetMGM reported early Sunday morning. The wagers were all tied into the Rams having a strong first half:

  • $1,000,000 on Rams 1Q -0.5 ( 105)
  • $1,000,000 on Rams 1H -2.5 (-120)
  • $1,000,000 on Rams 1H O 13.5 (-115)

-“We’ve taken sharp money on Rams -3.5 and -4 and under 50, 49.5 and and 49 early,” Chris Bennett, sportsbook manager at Circa told VSiN on Friday. “Currently, we need the Rams, but a long way to go.”

-Mattress Mack returned on Friday morning, placing a $5 million wager on the Bengals money line at %plussign% 170 at Caesars Sportsbook in Louisiana. “Caesar – at least for the moment – is a Rams fan,” said Ken Fuchs, Head of Sports at Caesars Sportsbook in a release. Later on Friday, though, the Rams had more dollars wagered for both spread (63 percent) and moneyline (52 percent) at Caesars books.

-“We’ll be rooting for the Rams to win by 1-3 come kickoff,” Alan Berg, senior trading manager at WynnBet told VSiN. “But it wouldn’t surprise me if 70-80 percent of the action comes in this weekend.”

-“It’s been light so far, we’ve probably only taken 5 percent of our total Super Bowl handle,” Justin Bahlinger, sportsbook manager at Spirit Mountain Casino in Oregon, told VSiN on Monday morning. “We opened at Rams -4 with the rest of BetMGM, went to -4.5 at lunchtime on Monday and have been there since. We’re heavy on the Bengals to cover, with 55 percent of bets and 75 percent of the money on Cincinnati %plussign% 4.5. We’re dead even on money and tickets on the total of 48.5”

-Bahlinger also said the book was heavy on Rams 1Q -0.5, and had received Over money on the Shortest TD Over/Under 1.5 yards prop.

-Monday saw the second-biggest reported spread bet so far on the Super Bowl, a $200,000 wager on the Bengals %plussign% 4.5 at BetMGM. The bet was confirmed to have been placed on Sunday, out of Colorado.

Notable prop bets

Notable props at BetMGM books:

-$10,000 to win $660,000 on Matthew Stafford to score first touchdown in game (66-1)

-$7,500 to win $120,000 on Aaron Donald for Super Bowl MVP (16-1)

-$1,200 to win $200,000 on Correct Score being Bengals 24-Rams 17 (200-1)

-$1,000 to win $100,000 on Evan McPherson for Super Bowl MVP (100-1)

Early action:

-On Thursday, Jim “Mattress Mack” McIngvale, the Houston furniture store salesman, placed the largest Super Bowl yet, plunking down a total of $4.534 million on the Bengals ML at %plussign% 170 odds at Caesars Sportsbook in Louisiana. He drove across the border and told ESPN’s David Purdum that he “had to make like twenty $200,000 bets to make it work.”

-“We’re basically even on tickets on both the side and total,” Borgata Race and Sports Director Thomas Gable told VSiN on Thursday. “We opened Rams -4 and took early Bengals money. We went down to -3.5 briefly, then back up to -4 and we’ve been at -4.5 since Monday.”

-On Wednesday, SuperBook Vice President of Race and Sports Jay Kornegay reported that the SuperBook had 71 percent of bets on the Bengals for Super Bowl LVI. This is particularly noteworthy since the SuperBook opened Rams -3.5, while most other books opted for -4. “It feels like the Bengals will get more public support on the spread than we thought,” Kornegay said in a text message to VSiN. “It could always change. We expected a lot of ML ‘dog money.”

-On Tuesday, DraftKings Sportsbook reported 66 percent of bets and 53 percent of the money on Bengals %plussign% 4.5. The South Point took two large wagers on the Rams on Tuesday afternoon:

$66,000 on Rams -4 (-110)

$40,000 on Rams ML (-200)

-The Westgate SuperBook in Las Vegas opened with the Rams as 3.5-point favorites in Super Bowl LV and a total of 51. By the end of Sunday night, the consensus odds were Rams -4 with a total of 50 at sportsbooks across the U.S.

-Caesars Sportsbook reported two six-figure wagers already on the Super Bowl on Sunday night. One was a $180,000 wager on the Rams ML -180; the other, a $105,000 bet on the Rams -4 (-105).

“We opened it at Rams -3.5 and quickly moved to 4,” said Craig Mucklow, Caesars Sportsbook VP of Trading in a release. “Although, we wrote off Joe Burrow against the Chiefs, we are not going to write him off again because that kid is unfazed by anything that happens. But the Rams’ experience and their defense puts the line at 4.”

Notable futures bets

$50,000 on Cincinnati Bengals at 20-1 odds at BetMGM

Total payout: $1,000,000

$13,440 on Bengals at 35-1 odds at Caesars Sportsbook

Total payout: $470,400

$10,000 on Bengals at 40-1 odds at BetMGM

Total payout: $400,000

$18,000 on Rams at 14-1 odds at Caesars Sportsbook

Total payout: $252,000

$20,000 on Rams at %plussign% 900 odds at FanDuel

Total payout: $180,000

$15,000 on Bengals at %plussign% 800 odds at FanDuel

Total payout: $120,000

$10,000 on Rams at 12-1 odds at BetMGM

Total payout: $120,000

$1,000 on Bengals at 100-1 odds at Station Casinos

Total payout: $100,000