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Sharp bettors weigh in quickly on Super Bowl; two 6-figure wagers
LV Review Journal (Subscription)Patrick Mahomes needed all of his magic to help send the Chiefs to their third Super Bowl in four years.
But sharp bettors don’t believe in magic. They’re banking on the Philadelphia Eagles to beat Kansas City in Super Bowl LVII for the franchise’s second NFL title in six years.
Less than 30 minutes after the Super Bowl line opened at pick’em at multiple sportsbooks, the Eagles emerged as consensus 1½-point favorites. Thirty minutes later, Philadelphia was up to -2½ at the Westgate SuperBook, BetMGM and Circa Sports, which opened the Chiefs -2½ before quickly flipping the favorite.
“I won’t be surprised if it goes to 3,” SuperBook vice president Jay Kornegay said. “We wanted to favor the Philadelphia side a bit just due to the injuries Kansas City is dealing with. I think Philadelphia is better and healthier.”
BetMGM took a $135,000 wager to win $100,000 on the Eagles on the money line (-135), and Caesars took a $110,000 bet on over the consensus total of 49½.
Caesars also took five straight bets of more than $50,000 — two on the Chiefs at pick’em and three on the Eagles -1.
“We had this as a tossup before. I’m a little surprised how the market swung so heavily to the Eagles,” Caesars assistant director of trading Adam Pullen said. “It’s all Eagles now. I guess they’re getting a lot of mileage out of their performance (Sunday).”
