Here comes the big money.
Sportsbook operators estimate that only 10-15% of the Super Bowl 58 bets between the Kansas City Chiefs and San Francisco 49ers came during the first week of wagering.
And now, with the Super Bowl point spreads snugly tucked at San Francisco -2 or 2.5 and the total at 47.5, bettors can strongly consider the first wave of prop wagers. They can add others to coincide with their final moneyline or spread plays over the weekend.
Here’s a look at sportsbook payouts on some alternate lines, teasers, and parlay bets on Sunday’s Big Game.
Let’s examine some alternate bets after setting the foundation. Odds are as of publish time on Monday afternoon and subject to change.
The Chiefs open at +102 on the DraftKings moneyline with the spread at +2. The moneyline is the best straight-up value gamblers will receive on Kansas City all week.
Contrast that with the -115 bettors pay to take the +2. This is a difference of 17 basis points, about $17 on a $100 bet and $170 on a $1,000 wager. The larger the bet, the more likely Kansas City backers will take the moneyline.
Kansas City Chiefs Alternate Betting Prices
It gets expensive to go up a whole point. Buying the Chiefs up to +3 costs -156, not a good deal. But other Super Bowl point spreads are less pricey.
- Going to +2.5 is -129.
- Moving to +1.5 is -109.
If you think the Chiefs can win with some points to spare, the bets become profitable.
Kansas City -3 is +156. That’s a reasonable option on a game projected to be close. The Chiefs beat the Eagles by a field goal, 38-35, in Super Bowl 57.
Do you think the Chiefs prevail by 7? Kansas City at -6.5 is a hefty +257. That’s an excellent price to win by less than a touchdown.
Do you sense a 2020 Super Bowl repeat? That’s when the Chiefs rallied to beat the Niners 31-20. A Chiefs -11 bet pays +491, a whopping profit. That would, of course, require a significant achievement.
San Francisco 49ers Alternate Lines
Well, the moneyline of -125 does bettors no favors.
The best money comes if the Niners run up the score.
Get about one more field goal than the line projects, and the San Francisco -6 looks like +191 at DraftKings. That’s a reasonable price to win by less than a touchdown.
Otherwise, the Niners cost -206 at +3, -161 at +2.5, and -143 at +2. The only reason to take these odds is to combine the bet with something else.
Bettors have numerous options to link bets with others in Super Bowl parlays.
Super Bowl Point Spreads: The Teaser Trade-Off – Give Some, Get Some
This realm of wagering finds bettors buying better odds. The more they tweak or tease, the more bets cost. Conversely, the more they yield – as in making a two-point dog a three-point favorite, the more they reap.
One popular area for teaser bets is the alternate line and alternate total parlay.
Bettors can combine their spread and over-under into a customized bet.
At FanDuel, here is one example: a two-team teaser in which the bettor grabs an extra 1.5 points on the Chiefs and 2.5 points on the total.
The bet is:
- Kansas City +3.5 (-166)
- Under 50.5 (-164).
The two bets separately are difficult to justify. But put them together, and the payout is +151.
The tradeoff is that bettors have given themselves an improved chance to win each bet in exchange for having to hit both legs to cash the ticket.
Note that alternate lines can be adjusted by several points, but moving it heavily in your favor is costly.
Here is another bet, slightly moving the totals.
Take Kansas City +1.5 on the alternate spread. Add the Under 44 on the alternate total. This is a reverse teaser, in which bettors take less attractive prices on both bets to nail a heavy payout.
The result here is a bet that pays +329. Gamblers must hit both ends of the bet to collect.
The beauty of this arrangement is the option to build out from something simple into a more sophisticated wager, depending upon the payout one would like to receive.
Let’s say you like the Chiefs to run it up in a shootout.
Kansas City -6.5 and the Over 49.5 returns a solid +560. That would be a tremendous payout if the bettor guesses correctly on the course of the game.
The same substantial payouts are available on the San Francisco side, too. But they are not quite as attractive as Kansas City’s because San Francisco is the slight chalk.
The nice feature of this approach is the opportunity to play around with the prices before pulling the trigger.