After a 50 year drought, the Kansas City Chiefs are once again Super Bowl Champions. The odds on favorite had to do it in a comeback, but they managed to beat the San Francisco 49ers 31-20. Happily for the sports books, this was also a huge win for the house.
With a spread of -1.5 and a total of 53, the final score worked out just right for the house. “We did very well. I know for a fact that it’s our best Super Bowl since at least 2008,” The Mirage sportsbook director Jeff Stoneback said to the Las Vegas Review Journal. “We had the best-case scenario for us, Chiefs and under.”
“It was our best scenario,” Caesars Entertainment sportsbook director Bill Sattler said. “We were real heavy on the Niners money line and a lot of it was from Lake Tahoe.”
The best single day take since 2008 was helped heavily by two heavy bettors going in on the 49ers. One man bet $1 million on the 49ers moneyline, and another punter bet $2 million, splitting it on $550,000 on the 49ers -1.5, $500,000 on 49ers first-half (EVEN), and $550,000 on over 53.5. Of course, most of that came into the house.
Station Casinos also noted that, despite not having a popular east coast team in the game, action was still heavy. “Great crowds reported at all 16 sports books, parties across the valley were packed,” said Vice President of Race and Sports Operations Art Manteris. “The Super Bowl handle should be another record and results should be solid.”
Rush Street Interactive similarly reported great online numbers, with PlaySugarHouse and BetRivers doing very well. They noted that late action came in heavy on the Chiefs, swinging them from 49% of the moneyline handle to 60%. But the house did just fine, with only 24% of totals wagers going for the under.
Here’s a little tip for the next Super Bowl, the house is always betting on the under.
“Kansas City bettors had their faith tested in the fourth quarter before Patrick Mahomes lit a spark under the Chiefs yet again,” said Mattias Stetz, C.O.O of Rush Street Interactive. “This was a terrific way to end the season. Both teams generated heavy betting interest and played like champions. The game kept bettors involved right up until the end.”