Super Bowl Sports Betting History: Spreads, Totals & Moneylines

Super Bowl LVIII is upon us at Allegiant Stadium in Las Vegas, Nevada, the first-ever time we’ve seen the big game in the entertainment capital of the world. And for the third consecutive season, the Super Bowl will be played in an indoor venue. Kickoff is scheduled for Sunday, Feb. 11, 2024, and the game will be televised on CBS.

We won’t have to worry about wind or precipitation indoors. The underdog has covered in three of the past four games indoor, while unsurprisingly, the Over has cashed in five of the past seven games inside.

Betting History of the Super Bowl

Overview

The favorite is 37-19 in the first 57 Super Bowls with one game, Super XLIX, closing as a pick ’em. The favorite has also cashed at a 28-26-2 pace in the first 57 big games with the one pick ’em. As far as the total is concerned, the Under holds a slight 29-27-1 advantage so far.

The Kansas City Chiefs are a familiar face, as we just saw them win Super Bowl LVII against the Philadelphia Eagles in a very exciting game, winning 38-35 as a 1.5-point underdog. The Over (51.5) also easily cashed, and that was a rarity. In the past 15 years, the total has been set at 50 or more on eight occasions, with the Under cashing in six of those eight games. Currently the line is hovering around 47.5, so there is a possibility we could see the total inch up to 50.

The underdog has won 10 of the past 17 games straight up, including the Chiefs this past season against the Eagles. And if this matchup looks familiar, it should, as Kansas City and San Francisco met at Hard Rock Stadium in Miami Gardens, Florida, for Super Bowl LIV. The Chiefs closed as a 1.5-point favorite in that game, with the Under (53) coming in at most shops. While it was quarterback Patrick Mahomes under center for the Chiefs, his top receiver was Tyreek Hill, now on the Miami Dolphins, while running back Damien Williams led the run game. He was limited to three games with the Arizona Cardinals in 2023, so the faces have changed.

Things have changed for the 49ers, too, as quarterback Jimmy Garoppolo was under center, while running back Raheem Mostert and wide receiver Kendrick Bourne were the leading rusher and receiver. Some key pieces are still on the Niners, though, including wide receiver Deebo Samuel, fullback Kyle Juszczyk and tight end George Kittle.

The Teams

The Chiefs have appeared in five Super Bowls, winning three times, while also covering on three occasions. The Under is 3-1 in four appearances, as Super Bowl I actually did not offer a total for betting. Kansas City has won the Super Bowl twice as an underdog. The Chiefs have averaged 26.0 PPG in three Super Bowls with Mahomes at the helm, while Kansas City is averaging 22.2 PPG while allowing 25.6 PPG in five all-time appearances in the big game.

The 49ers will be appearing in their eighth Super Bowl, and San Francisco was a perfect 5-0 SU in the first five big games before losing the past two championship battles. The 49ers are 5-2 ATS in seven Super Bowls, while cashing the Over in four of the seven appearances, including three of the past four games. The 49ers are looking to hoist their sixth Lombardi Trophy, which would tie the New England Patriots and Pittsburgh Steelers for the most wins in NFL history. Quarterback Brock Purdy will be making his first-ever start in the Super Bowl. The 49ers are averaging 34.1 PPG in seven Super Bowl appearances, while yielding 22.4 PPG.

The Total

The underdog has cashed in three straight Super Bowls, while going 15-6 ATS in the past 22 games with the one pick ’em. The Under has cashed in four of the past five Super Bowls, too. The AFC has won six of the past nine Super Bowls outright, while going 5-3-1 ATS in that span, again with the one pick ’em. In the 28 Super Bowls games where the AFC has won, the Under is 15-13.

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