Seattle’s dominant performance over New England in Super Bowl LX led to good results for the majority of spread bettors on Sunday, but in an event with so many wagering markets, multiple sports betting operators felt pretty good coming out of the final game of the season.
Key Takeaways
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BetMGM settled on 57% of the spread money being on the Seahawks.
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Circa Sports ended up covering what could’ve been massive losses.
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The Super Bowl’s coin toss drew significant betting interest.
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The Seahawks easily covered the 4.5-point line and hit on a slew of alternate spreads in a 29-13 victory that also went under the 45.5 total.
“Super Bowl bettors cashed in on the Seahawks covering,” BetMGM senior trading manager Christian Cipollini said. “The under hitting and only four touchdowns being scored was a great result for us.”
Seattle never trailed in the game, and had to settle for five field goals, but the Patriots were unable to score until a second-half flurry of touchdowns. BetMGM reported that 57% of the spread handle was on the Seahawks, but New England got nearly 70% of the moneyline wagers.
Caesars Sportsbook also reported a majority of Seattle backers on the spread, which didn’t really move after the market settled a day after the line was released. One Caesars bettor hit on a $200,000 spread bet.
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Sharps provided a lot of the under action, while the moneyline played a major role in the sportsbooks’ results.
“Players generally fared well on this matchup,” said Joey Feazel, Caesars’ head of football. “Leading up to game day, we saw a high volume of Seattle Seahawks moneyline wagers at -230, far more than we typically expect on the favorite moneyline for a Super Bowl. On gameday, additional Patriots moneyline bets did come in, as anticipated, but overall, it was a strong outcome for Seattle backers.”
Shocker for Circa
Of the seven million-dollar bets Covers reported throughout Super Bowl week, five were on the Patriots, including a late Sunday seven-figure wager at Circa Sports.
Circa owner Derek Stevens said on VSiN that his sportsbook had too much liability in the futures market, including an individual who hit a $3.75-million payout on a $50,000 bet on Seattle winning the Super Bowl back in August 2025.
That same bettor hedged the wager with a $1.1 million bet on the Patriots moneyline last week, and he hit a $50K futures wager at MGM for another $3 million. Stevens said Circa was taking a $1.6-million loss on the futures market, leading to what he expected would be a bad NFL ending for the book, but that late Pats moneyline bet helped flip the day.
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“I never would’ve thought we would have a winning day, but we ended up with a very good day,” Stevens said. “One of the best Super Bowls that Circa Sports has ever had.”
Surprising MVP development
Feazel said Caesars took a surprising amount of action on Seattle kicker Jason Myers to be named Super Bowl MVP. His odds shortened from +7,500 to +380. The operator sweated out the results of that market after Myers set the Super Bowl record for the most field goals in a game.
However, the honor went to Seattle running back Kenneth Walker III, who rushed for 135 yards. At +700 at BetMGM, Walker received 6.3% of the tickets and 5.3% of the handle, the fourth most of any player.
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Jaxon Smith-Njigba was a major liability in the MVP market, but he had just four catches for 27 yards and failed to find the end zone, which was also a big boost for sportsbooks. Walker didn’t score either as one of the most-bet anytime touchdown scorers.
Seattle tight end A.J. Barner caught the first touchdown with odds of +1,200 in that market. He was the fifth most-bet player to score first at BetMGM and was listed as one of the big winners for Caesars bettors.
Prop pounding
BetMGM reported that New England quarterback Drake Maye’s over 35.5 rushing yards was one of the most-bet player props that hit for over bettors. Walker also surpassed 20.5 receiving yards, another public favorite, as well as Seattle receiver Cooper Kupp eclipsing 3.5 receptions at +120.
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The sportsbook said Stefon Diggs’ 4.5 catches, Smith-Njigba’s 91.5 receiving yards, and Rhamondre Stevenson’s 14.5 rushing attempts were popular under prop bets that hit as well.
Seattle’s defense scored a touchdown, which was big for bettors with the +400 odds at Caesars. The operator reported that other prop successes for the public also came on the opening kickoff to be a touchback (+250), no safety, no overtime, and under 2.5 players to attempt a pass in the game.
Novelty ideas
One of the wildest and most intense novelty prop bets was decided in seconds. The coin flip was a massively bet market. One Caesars customer won more than $245K when the coin, tossed by legendary NFL quarterback Joe Montana, landed on heads. It was the single-biggest payout Caesars reported.
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However, the majority of the money at most sportsbooks was on tails.
“Despite its simplicity, the coin toss drew substantial interest, including two of our biggest wagers of the entire Super Bowl,” Feazel said. “Perhaps bettors knew it would turn out to be the most exciting play of the game.”
The Gatorade bath color was yellow/lime (+170 at BetMGM). Ontario bettors were able to cash in on the under 116.5 seconds for the National Anthem (-130). For the Halftime Show, Bad Bunny’s “Titi Me Pregunto” hit as the favorite to be the first song with odds of -170 at FanDuel Canada.
This article originally appeared on Covers.com, read the full article here
Read the full article here