The NFC Championship Game hadn't even come to an end by the time sportsbooks were posting Super Bowl 54 odds. I guess that's what happens when it's 27-0 at half and 34-7 entering the fourth quarter.
The opening spread came in at a pick'em, and if you happened to miss that first day of line movement, you also missed pretty much all of the "significant" action that's taken place on the spread so far.
By the end of Sunday night, the Chiefs were up to 1.5-point favorites, with a handful of books very briefly reaching -2. The following day, the movement reversed directions a bit, falling back to KC -1, and things have been pretty quiet since.
As of Friday morning, 58% of bettors are backing the Chiefs.
But while the spread market has been relatively uneventful, the over/under has been steadily sailing upward all week.
Super Bowl 54 Odds: San Francisco 49ers vs. Kansas City Chiefs
- Spread: Chiefs -1
- Over/under: 54.5
- Chiefs moneyline: -120
- 49ers moneyline: +100
- Date & Time: Sun., Feb. 2, 6:30 p.m. ET
- TV: FOX
The current total of 54.5 is up from its opener of 51.5.
Like the spread, the number was on the move almost immediately, reaching 53 and 53.5 by the end of Sunday. Unlike the spread, however, the movement has yet to change directions, and has seen an increase as recently as Thursday afternoon with another adjustment from 54 to 54.5.
A peek at the betting percentages helps explain the steady movement.
Eighty-three percent of bets on the total have landed on the over, giving books no choice but to keep this number on the rise. The next move (if there is one), however, would be to 55, which is somewhat of a key number in over/under betting. It's certainly possible that would mark the tipping point for patient under bettors.
