Super Bowl Odds History: Recent Trends Favor Betting on Under & Underdog Ahead of Chiefs-Eagles

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Fortune favors the brave, and recent Super Bowl odds history sides with betting on the underdog and Under.

With the Chiefs and Eagles set to meet in Super Bowl 57 on Feb. 12 at State Farm Stadium in Glendale, Arizona, let’s examine some recent betting trends for the Big Game.

Sunday night’s opening line varied on NFL oddsboards, with some sportsbooks posting the Chiefs as the favorite, and others installing the Eagles as the chalk (the SuperBook in Las Vegas went pick ’em). But the market immediately moved toward Philadelphia, and the line shifted to as high as Philadelphia -2.5, before settling between -1.5 and -2.

The total is 49.5 throughout the sports betting marketplace as of Tuesday.

Underdogs have covered the point spread in the past two Super Bowls. Despite losing to the Rams, 23-20, the Bengals covered ATS in Super Bowl 56 as 4.5-point dogs. In Super Bowl 55, the underdog Buccaneers (+3.5) blew out the Chiefs, 31-9.

The Chiefs were actually the last favorite to cover in the Super Bowl. They beat the 49ers, 31-21, as -1.5 chalk in Super Bowl 54.

The last four Super Bowls have all stayed Under the total. The last time we witnessed an Over? It was the Eagles outlasting the Patriots, 41-33, five years ago in Super Bowl 52.

Super Bowl Betting History: ATS and Over/Under Results

Here’s a comprehensive list of odds and betting results for every Super Bowl that’s been played to date.

Super BowlTeamsSpreadTotalWinner/Final ScoreATS CoverOver/Under
56Rams-BengalsRams -4.548.5Rams 23-20BengalsUnder
55Chiefs-BucsChiefs -3.556.5Buccaneers 31-9BuccaneersUnder
54Chiefs-49ersChiefs -1.553.5Chiefs 31-21ChiefsUnder
53Rams-PatriotsPatriots -355.5Patriots 13-3PatriotsUnder
52Patriots-EaglesPatriots -4.549Eagles 41-33EaglesOver
51Falcons-PatriotsPatriots -357.5Patriots 34-28PatriotsOver
50Broncos-PanthersPanthers -4.543Broncos 24-10BroncosUnder
49Seahawks-PatriotsSeahawks -147.5Patriots 28-24PatriotsOver
48Broncos-SeahawksBroncos -247.5Seahawks 43-8SeahawksOver
4749ers-Ravens49ers -4.548Ravens 34-31RavensOver
46Patriots-GiantsPatriots -2.553Giants 21-17Giants Under
45Packers-SteelersPackers -345Packers 31-25Packers Over
44Colts-SaintsColts -557Saints 31-17SaintsUnder
43Cardinals-SteelersSteelers -746Steelers 27-23CardinalsOver
42Patriots-GiantsPatriots -1255Giants 17-14GiantsUnder
41Bears-ColtsColts -747Colts 29-17ColtsUnder
40Steelers-SeahawksSteelers -447Steelers 21-10SteelersUnder
39Eagles-PatriotsPatriots -746.5Patriots 24-21EaglesUnder
38Patriots-PanthersPatriots -746.5Patriots 32-29PanthersOver
37Buccaneers-RaidersRaiders -444Buccaneers 48-21BuccaneersOver
36Patriots-RamsRams -1453Patriots 20-17PatriotsUnder
35Giants-RavensRavens -333Ravens 34-7Ravens Over
34Titans-RamsRams -745Rams 23-16PushUnder
33Falcons-BroncosBroncos -7.552.5Broncos 34-19BroncosOver
32Broncos-PackersPackers -10.549Broncos 31-24BroncosOver
31Packers-PatriotsPackers -1449Packers 35-21PushOver
30Steelers-CowboysCowboys -13.551Cowboys 27-17SteelersUnder
2949ers-Chargers49ers -18.553.549ers 49-2649ersOver
28Bills-CowboysCowboys -1150.5Cowboys 30-13CowboysUnder
27Bills-CowboysCowboys -6.544.5Cowboys 52-17CowboysOver
26Bills-RedskinsRedskins -749Redskins 37-24RedskinsOver
25Giants-BillsBills -740.5Giants 20-19GiantsUnder
24Broncos-49ers49ers -12.54849ers 55-1049ersOver
2349ers-Bengals49ers -74849ers 20-16BengalsUnder
22Broncos-RedskinsBroncos -347Redskins 42-10RedskinsOver
21Giants-BroncosGiants -9.540Giants 39-20Giants Over
20Patriots-BearsBears -1037.5Bears 46-10BearsOver
1949ers-Dolphins49ers -3.553.549ers 38-1649ersOver
18Raiders-RedskinsRedskins -348Raiders 38-9RaidersUnder
17Redskins-Dolphins Dolphins -3 36.5 Redskins 27-17 Redskins Over
16Bengals-49ers 49ers -1 48 49ers 26-21 49ersUnder
15Eagles-RaidersEagles -337.5Raiders 27-10RaidersUnder
14Steelers-RamsSteelers -10.536Steelers 31-19SteelersOver
13Cowboys-SteelersSteelers -3.537Steelers 35-31SteelersOver
12Broncos-CowboysCowboys -639Cowboys 27-10CowboysUnder
11Vikings-RaidersRaiders -438Raiders 34-14RaidersOver
10Steelers-CowboysSteelers -736Steelers 21-17CowboysOver
9Vikings-SteelersSteelers -333Steelers 16-6SteelersUnder
8Dolphins-VikingsDolphins -6.533Dolphins 24-7DolphinsUnder
7Redskins-DolphinsDolphins -133Dolphins 14-7 DolphinsUnder
6Dolphins-CowboysCowboys -634Cowboys 24-3CowboysUnder
5Cowboys-ColtsColts -2.536Colts 16-13ColtsUnder
4Chiefs-VikingsVikings -1239Chiefs 23-7ChiefsUnder
3Jets-ColtsColts -1840Jets 16-7JetsUnder
2Raiders-PackersPackers -13.543Packers 33-14PackersOver
1Packers-ChiefsPackers -14N/APackers 35-10PackersN/A

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Recent Super Bowl Trends for Chiefs & Eagles

In their high-scoring Super Bowl 52 win over the Patriots, the Eagles entered the game as 4.5-point underdogs. That was the same number the Rams spotted the Bengals last year. If this year’s spread remains at 2.5 or lower, it will mark the ninth time in Super Bowl history with a spread of less than a field goal.

The Chiefs are a short underdog vs. the Eagles in their third Super Bowl in the past four years. (AP Photo/Reed Hoffmann)

Kansas City head coach Andy Reid is 1-2 overall and 2-1 ATS in his three Super Bowl appearances, and the first came with Philadelphia. In 2005, the Patriots defeated the Eagles, 24-21. Philly did cover as a 7-point underdog.

The Reid-led Chiefs then competed in back-to-back Super Bowls with two very different results. KC was favored against both San Francisco (31-21 win) and New England (31-9 loss). So, the moral of Reid’s coaching story seems to be, just don’t play against the Pats with a Super Bowl title on the line.

Philadelphia head coach Nick Sirianni is making his first appearance in a Super Bowl, but Sirianni has done something Reid failed to do. He led the Eagles to winning seasons in his first two years as head coach.

Also read: Super Bowl 57 odds early movement | Super Bowl MVP odds – Don’t sleep on defenders | 2024 Super Bowl odds

Overall Super Bowl Betting Trends

Favorites are 28-26-2 in the 56 Super Bowls that have been played so far.  A closer look reveals that many successful bets on favorites came early in Super Bowl history. The betting favorite covered in 11 of the first 14 — and 15 of the first 21 — Super Bowls. Underdogs later dominated Super Bowl 36 through Super Bowl 48 during a 10-3 ATS run.

Super Bowl odds history also tells us that betting results are even closer for the total. The Under has a slim 28-27 advantage after the past four Super Bowls have finished below the total. There was no total posted for Super Bowl 1.

You always need to be mindful of sample size and different eras of competition. Just as favorites dominated in the early years of the Super Bowl, so too did the Under bet. The Under went 7-1 during the first eight Super Bowls when a total was posted.

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About the Author
Kris Johnson

Kris Johnson

Writer & Contributor
Kris Johnson is a Senior Writer at Gaming Today with more than 15 years of experience as a sports journalist. Kris' work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also authored a sports betting novel entitled The Endgame.

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