The common trend, no matter if you’re betting Super Bowl XLVII in Las Vegas or online, is that the public loves the Baltimore Ravens. So much so, that sportsbooks have dropped the underdog from as high as +5 to +3.5 heading into the weekend before the Super Bowl.
Some books are dealing the 49ers at the discounted spread despite a strong belief that San Francisco should be a 5-point or even bigger favorite in New Orleans on Feb. 3.
“We believe that the line should be much greater on San Francisco, maybe more towards a 6-point spread,” Scott Birnie, a senior trader for UWin.com, told Covers. “However, Vegas and ourselves are trying not to lay anymore of the ‘People’s Favorite’.”
In Las Vegas, most sportsbooks are dealing San Francisco -3.5, adjusting the juice from -115 to -110 with money still coming in on Baltimore. According to Jay Rood, sportsbook director at the MGM Mirage, Ravens money outnumbers 49ers money at a 3-to-1 count.
“The San Francisco money could be waiting on the sideline waiting for us to go to -3 at some point,” Rood told Covers.
The one-sided wagering on the Ravens isn’t just reserved to the spread. Books are getting a lot of wagers on the moneyline, expecting Baltimore to win straight up – especially after big wins at Denver and New England in the postseason.
San Francisco opened as a -205 moneyline favorite but has since been bet down to as low as -164, with the Ravens coming back at +150 after opening as +170 moneyline pups.
While the early action had dictated some adjustments, only about 20 percent of the total handle for Super Bowl XLVII will come in before the weekend of the Big Game.
As for some of the early Super Bowl prop bets attracting action, ‘Will there be a special teams touchdown’ (Yes +175), ‘First Player to Score a TD’ (Anquan Bolden +1,200), Coin Toss (58 percent on tails), and the halftime show props are all popular plays.
“’Will Beyonce show cleavage’ number is sharp as we are getting even action on the Yes (-500) and No (+300),” Dave Mason of BetOnline.ag told Covers.
Check out all the latest Super Bowl XLVII line moves on our NFL Live Odds page.