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Should You Bet on the Super Bowl

It’s almost time for Superbowl LVIII – arguably the biggest sporting event of the year. This time, the Kansas City Chiefs will be facing off against the San Francisco 49ers at Allegiant Stadium  Nevada. Both teams are expecting to bring their A-game, but which team is likely to have the edge? Will the Chiefs repeat last year’s success, or will the 49ers claim the Lombardi trophy for the first time since 1995?

So, should you bet on the Super Bowl this year? Or is it simply too close to call? In the following article, we’ll look at some leading predictions for the big game, consider some of the factors affecting the game, and look at the options available for betting on Superbowl 58.

The Big Question – Who Will Win Super Bowl 2024?

Super Bowl LVIII looks set to be a great game, with the Chiefs and the 49ers expected to battle it out in a close game. 

The two teams went head to head in Super Bowl LIV back in 2019. Whilst the Chiefs came away with the victory then, it was only after fighting back from a ten-point deficit in the fourth quarter. They were also lucky that Jimmy Garoppolo’s long-shot pass to Emmanuel Sanders in the closing minutes of that game was narrowly overthrown. 

So, who are the favorites to win Super Bowl LVIII?

Superbowl LVIII Odds

We’ve checked out most of the major betting sites out there and it seems that the San Francisco 49ers are widely acknowledged as the favorites. 

When it comes to picking an outright winner, BetOnline has the 49ers at -130 with the Chiefs at +110. Elsewhere, BetWhale has things a bit closer, with the 49ers at -128 and the Chiefs at +107. Meanwhile, XBet has the 49ers at -105 and the Chiefs at +125.

Interestingly enough, the odds for the 2024 Super Bowl are more or less the reverse of what they were back in 2019 when the Chiefs emerged as the odds-on favorite – and went on to win 31 – 20.

Super Bowl Odds Comparison

If you’re keen to bet on the outright winner of Super Bowl 58 and looking for the best odds, the table below compares the numbers at seven top betting sites:

BetOnline MyBookie BUSR BetWhale Everygame XBet Bovada
KC Chiefs +110 +105 +105 +107 +125 +125 +125
SF 49ers -130 -125 -125 -128 – 105 -105 -105

Super Bowl LVII Betting Options

Super Bowl LVII Betting Options

When it comes to betting on a game like the Super Bowl, choosing an outright winner is just the tip of the iceberg. In fact, given that both of these teams are champions of their respective divisions, odds are always going to be fairly close. However, for those who know the sport and follow the teams and players, there are numerous other opportunities to find some very competitive bets.

First Scorer

A popular betting option is trying to pick the first scorer. For example, if you think Christian McCaffrey will be first into the endzone, then a $100 bet with XBet will see you win $370 if he delivers the goods. Alternatively, the same bet on Travis Kelce will net $600 if the bet comes good. 

Points Total

Another popular option is to bet on the total points scored by either team for the game. This is an accessible option for those who don’t want to delve into more complex bets, like Squares or Handicaps. BUSR, for example, is currently offering -110 for the 49ers to rack up more than 47.5 points. 

Super Bowl Squares

Super Bowl squares are a fun way to bet on the game and are much more a game of chance than the standard prop bets. Squares are basically betting pools in which the last digit of a team’s score at the end of the first, second, third, and fourth quarters determine the winner. Some betting platforms will offer Squares for the game as a whole, rather than quarter by quarter. For example, on MyBookie, you can choose this square: KC Chiefs 0:7 SF 49ers, with odds at +2000. Let’s say you make a $100 bet on this square. This means that if the Chiefs end the game on 20 points and the 49ers on 17, you’d win $2,000. 

Who Will Be Super Bowl MVP?

Aside from trying to pick the winner of the game itself, there’s usually a huge amount of buzz around who will be crowned Most Valuable Player after the game finishes. This is particularly interesting for sports fans looking to bet on Super Bowl LVIII, as there are several key players in the mix. 

Patrick Mahomes 

Topping the list is Chiefs quarterback, Patrick Mahomes. Mahomes has twice won the regular season MVP award and is odds on favorite to be named as Super Bowl MVP. Having compared the odds across the market, it looks like Mahomes has about a 45% chance of taking the title.

  • BUSR currently has odds of +121 for Mahomes to be named Super Bowl MVP. Meanwhile, 

Travis Kelce 

Travis Kelce has easily been the most talked about player in the run-up to Super Bowl LVIII, but this has mainly been due to his off-field lifestyle. However, the Chief’s Tight End is still in with a shot of being picked as Super Bowl MVP, though the odds are a lot longer than they are for his teammate. Generally, the odds we’ve seen for Kelce to be named MVP are around +400, with him standing around a 5% chance. 

Brock Purdy

Moving over to the 49ers, and Quarterback Brock Purdy is the second favorite pick for Super Bowl MVP behind Mahomes. The stats we’ve seen have Purdy at around +200 with a probability rating of around 30%. If you want to bet on Purdy becoming MVP for the big game, then we’d recommend checking out BUSR, which has him at +190. 

Christian McCaffrey

Finally, Niners running back Christian McCaffrey has also been listed as a potential MVP for Super Bowl LVIII. BUSR is offering odds of +400 for this bet, making him third favorite for the spot. Having surveyed the market and run the numbers, we’d say that McCaffrey has about a 20% chance of being named MVP. 

Should You Bet on Superbowl LVIII?

The Super Bowl is one of the biggest sporting events on earth and will be watched around the world. Naturally, this makes it hugely popular with bettors. However, what makes the NFL such a great sport to bet on is simply the different bets available – you can bet on game scores, passing yards, rushing yards, tackles, QB sacks, field goals, and more. 

If you’re looking to bet on any sporting event, then the Super Bowl has to be one of your best options. For the best odds, we’d recommend checking out the betting sites we’ve discussed above –  such as BUSR, BetOnline, Bovada, or XBet. Take the time to look through the different betting lines available and see if any take your fancy. 

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