Under, props provide mixed results for books, bettors

February 3, 2020 01:00 AM

The Kansas City Chiefs rallied to beat the San Francisco 49ers 31-20 Sunday in Super Bowl 54 by outscoring them 21-0 in 4th quarter.

It was the Chiefs’ second Super Bowl victory with the prior one coming 50 years ago in Super Bowl IV.

The Chiefs covered after closing as 1.5-point favorites as the point spread opened as low as pick-‘em two weeks ago after the conference championship games and only went as high as Chiefs -2 at the South Point and Westgate SuperBook the past two days. The game stayed Under the closing betting total of 53 points after opening as low as 51 to 51.5 and getting as high as 55 and 55.5 this past week before late money drove it back down to the closing total.

The Nevada sportsbooks’ official Super Bowl betting handle and win/loss results won’t be released by the state’s Gaming Control Board until Monday afternoon, but early reports from the Las Vegas books have the Chiefs/Under result as being good for their bottom line as the action was pretty evenly split on the point spread (with some sportsbook companies with outlets in Reno/Tahoe getting flooded with late San Fran money from the relatively close Bay Area) and the public was on the Over. In addition, the most popular parlay by the public was Chiefs/Over. Teaser bettors who used the Over/Under hit no matter which way they played (as the 51-point total landed in the middle of Over 47 and Under 59 from a 6-point teaser), and while the Chiefs’ teaser players all cashed, the books were able to kill the tickets that teased the 49ers up to 7.5 when the Chiefs’ Damien Williams scored on a 38-yard TD run with 1:12 left in the game to give the Chiefs the 11-point win.

Sportsbooks were still grading hundreds of props after the game and not giving definitive win/loss declarations, though they avoided a lot of the longshot props that have been hitting in recent years (safety, OT three years ago, etc.). Patrick Mahomes winning MVP was a pretty good result for the books as he was the favorite around even money. Mahomes scoring the first TD at 14/1 to 20/1 wasn’t as good of a result, though there’s so many choices on that prop that it’s hard to imagine many books getting hurt too badly.

Stayed tuned to VSiN as our hosts and guest will be recapping all of the Super Bowl prop results early this week as well as the official results from Nevada, New Jersey and the rest of the 14 states that had legalized sports betting on this year’s Big Game.

 

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