The San Francisco 49ers are heavily favored to defeat the Kansas City Chiefs in Super Bowl LVIII, according to the latest reports. As of February 8, four separate wagers of $500,000 or more have been placed on the 49ers to win the game and claim the Vince Lombardi trophy. It’s no surprise that the Super Bowl is the most popular event for betting in the United States, with sportsbooks expecting a surge of large bets leading up to kickoff. Currently, the largest bet on the game stands at a whopping $1 million, placed by a bettor in Michigan who chose the 49ers moneyline at -120 with Caesars. If successful, this wager could result in a profit of $830,000. Another significant bet of $600,000 was made with Draft Kings on the same moneyline. Additionally, two separate bets of $500,000 each were placed on the 49ers moneyline at -125, one with Caesars and the other with Draft Kings. These bettors will be eagerly anticipating a victory for Kyle Shanahan’s team at the Allegiant Stadium on Sunday night.
In addition to traditional bets on the outcome of the game, prop bets have gained immense popularity in recent years, particularly with the rise of online gambling. Prop bets allow customers to wager on specific events within the game that may not directly impact the final result. The largest prop bet placed on Super Bowl LVIII so far is for Brock Purdy to be named the MVP, with odds of +240. The customer who made this bet with Caesars stands to collect $480,000 if Purdy indeed becomes the MVP. Another notable prop bet is on the pre-game coin toss, with a bettor staking $200,000 on tails at -105 odds. If successful, this bet would result in a profit of $95,238. It is expected that offshore sportsbooks in the US will see a surge in prop bets over the weekend, with BetOnline being a popular choice among bettors. New customers can claim up to $1,000 in free Super Bowl bets from BetOnline.
According to the Source sportslens.com