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Tremendous Bowl LVIII units betting document; Chiefs depart sportsbooks feeling burned: ‘We bought completely crushed’


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The Kansas Metropolis Chiefs beat the San Francisco 49ers in time beyond regulation Sunday evening to win their third Tremendous Bowl title in 5 seasons and have become simply the eighth crew in league historical past to repeat as champions. 

The Chiefs entered this yr’s Tremendous Bowl as an underdog, one thing Vegas sportsbooks had been hoping they might stay as much as. 

Patrick Mahomes holds the trophy

Kansas Metropolis Chiefs quarterback Patrick Mahomes holds the Vince Lombardi Trophy after the Tremendous Bowl towards the San Francisco 49ers Feb. 11, 2024, in Las Vegas.  (AP Picture/Ashley Landis)

“It is unusual to consider Patrick Mahomes having doubters, however a Chiefs crew that wasn’t as dynamic as earlier years left the oddsmakers with egg on their face for the third sport in a row,”  Pat Morrow, head oddsmaker at Bovada, advised Fox Information Digital after the massive sport.

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“Whereas Kelce underperformed for many of the sport and Pacheco was removed from stellar, Patrick Mahomes as soon as once more did what solely he can and carried his crew to victory. As a result of there’s been no quarterback like him in historical past, it is that tough to really quantify what we’re seeing with him.

“The 49ers had been the higher crew on paper, and we even opened them as Tremendous Bowl favorites for subsequent season earlier than the motion moved Kansas Metropolis into the highest spot. So, it is doable we nonetheless have not realized our lesson.” 

Jauan Jennings

San Francisco 49ers’ large receiver Jauan Jennings (15) celebrates scoring a landing throughout the Tremendous Bowl towards and the San Francisco 49ers at Allegiant Stadium in Las Vegas Feb. 11, 2024. (Patrick T. Fallon/AFP by way of Getty Pictures)

Most sportsbooks had the Niners favored by a marginal -1.5, however Mahomes, who received his third Tremendous Bowl MVP, set the document straight as he held the Vince Lombardi Trophy at Allegiant Stadium. 

SUPER BOWL LVIII: SPORTSBOOK EXECUTIVE TAKES DEEP DIVE INTO POPULAR BETTING TRENDS FOR BIG GAME

“Simply know that the Kansas Metropolis Chiefs are by no means underdogs,” he mentioned. “Simply know that.”

Will Vegas ever study? 

When requested how the sportsbook fared, Marrow supplied a blunt evaluation.

“We bought completely crushed,” he mentioned. 

The primary-ever Tremendous Bowl in Las Vegas resulted in record-breaking numbers for betting within the state. 

Man gambling in vegas

A person gambles in a on line casino Feb. 8, 2024, in Las Vegas forward of the Tremendous Bowl. (Jamie Squire/Getty Pictures)

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The Nevada Gaming Management Board launched figures Monday evening asserting a document $185.6 million was wagered on the massive sport throughout Nevada’s 182 sportsbooks. This topped the earlier document set in 2022 by almost $6 million. 

The sportsbooks did boast a win of $6.8 million, a rise from final yr’s $4.3 million. However, based on ESPN, each these figures are drastically decrease than the earlier 4 Tremendous Bowls with a mean win of $13.2 million. 

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