Super Bowl Odds: How to Bet the Chiefs vs 49ers Super Bowl
Photo by Perry Knotts/Getty Images. Pictured: The Super Bowl trophy alongside team helmets for the 49ers and Chiefs as we help new bettors with how to bet Super Bowl 58.
Super Bowl Odds: How to Bet the Chiefs vs 49ers Super Bowl
The Super Bowl is a huge game where many newbies place their first bet. You're likely in this boat if you clicked on this article, and The Big Game is a great way to get your feet wet in our hobby.
There are a million different ways to gamble on a game, but the goal of this Super Bowl betting guide is to be as straightforward as possible. So let's start with the absolute basics — taking a team on the point spread. In this instance, we'll take the Chiefs to cover the spread against the 49ers.
What does that mean? What are the odds? What do those mean? Why are we taking the Chiefs? And how do you actually bet?
Let's answer all of those questions in our guide on How to Bet the Chiefs vs 49ers Super Bowl for Beginners and Fans.
How to Actually Place A Super Bowl Bet: Instructions to Sign Up, Deposit, Bet
For this example, we'll use BetMGM, but the process is very similar at all of the legal mobile sportsbooks in the United States. For a full list of which sportsbooks are available in which states, and which states allow legal betting, click here.
With BetMGM's Super Bowl offer, you bet $5 and receive $158 in bonus bets no matter the outcome. Yes, once you deposit and place a $5 wager, you will receive your $158 in bonus bets. But you need to bet through that $158 afterward. And only after that can you withdraw whatever is in your account. The promotional code is ACTION and needs to be entered at sign up.
Signing up requires your address, the last four digits of your social security number and other identifying information. This is done because of state and federal regulations. In addition, they're in place so one person can't claim multiple new user promotions for the same sportsbook.
When your account is verified, sign into your online bank — or use debit card or other deposit methods — to get your initial wager in the account. It's all encrypted and as safe as shopping online at a major retailer.
For more, including how to sign up for offers at multiple books and the best way to use that to your advantage, click here.
Sign up with our BetMGM bonus code before you make a wager on Chiefs vs 49ers!
3 Reasons Why We're Betting on the Chiefs to Cover the Spread
1. We get to bet on Patrick Mahomes as an underdog — and don't have to bet against him
You might have heard about the fact that the Chiefs are underdogs to the 49ers in the Super Bowl, as a lot of the shows like "First Take" have been debating whether that makes sense.
Here's the thing: Yes, the Chiefs are underdogs, but it's not by very much. If you look at Super Bowl odds at a sportsbook, you'll probably see a -2 somewhere next to the 49ers and a +2 next to the Chiefs, or maybe a -2.5 and a +2.5.
That's the point spread. The negative sign means the team that's the favorite, and the plus sign means the team that's the underdog. The actual number, the 2, is how many points the favorite is expected to win by. (Don't worry about a number like -110 or -120 that might appear NEXT to the 2, but if you want to know what it is, scroll down to the section explaining odds below.)
So the 49ers being -2 means they are 2-point favorites. Favorites, sure, but that's almost even, right?
Still, the Chiefs are underdogs. And with the way that point spreads work (and you can read more about that here), if we bet on the Chiefs to cover the spread, we will win our bet if they beat the 49ers OR even if they lose by one point, and we'll break even on our bet if they lose by 2. If they lose by more than that, well, we lose our bet, but the point spread does give us that little bit of cushion.
That cushion is nice; even nicer is not betting against Patrick Mahomes, and certainly not doing it as an underdog, when he's 10-1-1 against the spread in his career. Do you really want to bet against Mahomes when he knows he's technically an underdog? Isn't it more fun to root for the team that's the underdog, anyway? And in what other scenario are the Chiefs ever going to be the underdog?
2. We're betting the same side as one of our best NFL betting experts, Chris Raybon
That above 10-1-1 Mahomes stat comes courtesy of Raybon, who is one of the sharpest, most profitable betting experts you'll find on the internet. While the point of our bet on the Chiefs is to have a little fun and "rent a rooting interest," as it were, it doesn't hurt to be on the same side as a guy who makes money placing his bets, you know?
For Raybon's full breakdown on why he's betting on the Chiefs to cover the spread, head over to his Super Bowl betting preview.
3. Betting on the Chiefs to cover is a fun bet if you're for, against or indifferent about Taylor Swift
Listen, I know a fair number of you groaned when you just read Swift's name, and I think an even bigger number of you are probably all in favor of her association with football. Whatever. I like her quite a bit, but this world takes all kinds.
Here's the thing, though — and stick with me — betting on the Chiefs is the right bet no matter how you feel about Swift. Love her? Awesome; you're on the same side as her. Feel strongly the other way about her? At least if the Super Bowl outcome brings her joy, you get to make some money. Call it an emotional hedge. And if you don't care either way?
Well, for all the reasons we listed in No. 1 and No. 2, the Chiefs to cover the spread is the best Super Bowl bet for beginners.
Chiefs vs 49ers Super Bowl Odds, Explained
If you want an in-depth explanation about Super Bowl odds and odds in general, let's do a slightly more detailed dive into how all the lines work — the point spread, total, and moneyline.
The 49ers are 2-point favorites on the point spread against the Chiefs in the Super Bowl. That means the 49ers are expected to win by 2 points. If you think they win by more than that, you would want to bet on the Niners to "cover the spread." If you think Kansas City keeps it closer than 2 points or even wins outright, then you would want to bet on the Chiefs to cover the spread, as we're doing!
Often, you will see a point spread that includes a .5 at the end, like 49ers -1.5. That .5 is called the "hook," and it's there to prevent ties, since a team can't score a half point, and the bet would be determined by whether the 49ers won by more than 1.5 or not (or, in other words, whether they won by 2 or more, with 2 being on the winning side).
That -2 or -1.5 isn't the only number you'll see associated with the point spread. You'll probably also a -110 next to both the -2 for the 49ers and the +2 for the Chiefs. That's called the "vigorish" or "juice," which is just a fancy way for saying the sportsbook's cut of the bet (which is where the idea that books are trying to get even amounts of money comes from, since the books get a get of each bet — although that idea isn't technically true, there is some validity to it).
What that means is for every $11 you bet on the spread, when you win, you get $10 in profit (plus that original $11 back, for $21 in total "winnings"). If there were no vigorish, you'd get $11 in profit for every $11 you bet (plus the original $11 back).
That same concept applies to moneyline bets, which are simpler bets on which team will win, period. No point spread involved. The minus sign still is the favorite, and the plus sign is still the underdog. But for moneylines, you'll only see numbers like -110 or +300 or -800.
With favorites, the bigger the number, the more likely they are to win — and the more you have to bet to get back $10 in profit. At -400, you have to bet $40 to win $10 in profit plus your $40 bet back. At -500, you have to bet $50 to win $10 in profit plus your $50 back. At -600, you bet $60. You can see the pattern. And it keeps going. At -2000? Yep, you'd have to bet $200 to win $10 in profit.
But that goes the other way. With underdogs on the moneyline, the bigger the number, the more you win for every $10 you risk. Bet $10 on a +300 underdog and you get $30 in profit (plus that original $10 back!). Bet $10 on a +500 underdog and you get $50 in profit. Bet $10 on a +10000 underdog and you get $1000 in profit — just keep in mind that means the chances of that bet hitting are implied to be very, very, very small.
For the Super Bowl, the 49ers are -120 to -130 moneyline favorites, depending on the sportsbook, with the Chiefs +100 or +110 moneyline underdogs.
Last but not least is the total, or over/under. That's just a way of saying how many total points will be scored in the game. Like with the point spread, you'll usually (but not always) see the number end in .5 to prevent ties.
The total for the Super Bowl is 47 points.
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