Super Bowl betting has been split pretty evenly so far with the big game looming Sunday, but many sportsbooks are cheering for the 49ers because of some future bets on the Ravens.
Late in the season, with Baltimore on an injury-fuelled 1-4 SU skid that threatened their playoff lives, some Raven faithful were betting their team to win the Super Bowl at 25/1.
A few weeks later, after their Wild Card win over the Colts but facing a 9-point spread Denver, Bovada had the Ravens at 18/1. More bettors jumped on Baltimore at that point.
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Now many books have some exposure to a Baltimore victory, where they would lose a ton of bets.
“We need the 49ers who would be a big winner for us,” said Kevin Bradley of Bovada sportsbook. “And the Ravens ended up over the last couple week turning into a big potential loser for us.”
He said late moneyline action on the Ravens means a Baltimore victory would also be a significant loss for the sportsbook.
Overall, Bovada remains one of the very few sportsbooks holding the line at -4 for San Francisco. Most are at -3.5. Bovada is known to offer better line value on underdogs, but in this case, they seem content with an even split of money.
“It was coming in around 50/50 as of (Wednesday), so at this point, we will probably not move off it,” said Bradley. That can all change with a burst of money on one side or the other. The line opened at 5Dimes at -5 before quickly getting bet down.
The over-under wagering has a 60-40 split at Bovada favoring the OVER but the book actually dropped the line from 48 to 47.5.
Historically, underdogs have been a great Super Bowl bet. In the past 11 games, the dog is 8-3 ATS. However the NFC is 5-0 ATS in the past five games and San Francisco is the favorite.
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Odds Shark Staff Thu, May 12, 1:37pm