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The 2021 Super Bowl is still 12 days away, but bettors are already jumping on wagering opportunities. We’ve seen some line movement in the 36 hours since the odds opened on Sunday, but we shouldn’t expect many significant changes over the next 12 days.
The Kansas City Chiefs opened as a 3.5-point favorite, priced at -106, and were -175 on the moneyline. The Tampa Bay Buccaneers opened at +140 on the moneyline with their +3.5 priced at -115. The point total opened at 57.5, priced at -110 on both sides.
Over that first night, the spread dropped to a field goal and the point total dropped to 56. In the day since, the spread has come back up to 3.5 points and the total move up to 56.5.
Lines move due to a variety of factors. Money bet is significant, but so is injury news, weather, and even just what oddsmakers think they can expect from bettors over the days leading up to a given event.
As of 10 a.m. ET Tuesday morning, the betting public has been all over the Chiefs in point spread betting and the over in point total betting. In point spread betting, 77 percent of bets and 78 percent of handle is on the Chiefs. In point total betting 78 percent of bets and 77 percent of handle is on the over.
Where Super Bowl betting gets interesting is in moneyline betting. 63 percent of the money bet on the moneyline is on the favored Chiefs. However, 56 percent of total bets placed is on the underdog Bucs. Given Tom Brady’s involvement in this game, it’s not surprising there are bettors ready to back Touchdown Tom and the Bucs. There is a Brady price that has resulted in big betting on the Bucs this year. I don’t expect that to change in the 12 days leading up to Super Bowl 55.
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