Super Bowl 2024: How the 49ers and Chiefs

As the Super Bowl approaches, BetMGM anticipates significant betting activity, especially after the previous season’s record-breaking wagers on the clash between the Kansas City Chiefs and Philadelphia Eagles. With the upcoming Feb. 11 showdown featuring the Kansas City Chiefs and San Francisco 49ers, casual bettors are expected to contribute millions to the betting frenzy.

For those who may not consider themselves seasoned bettors or those seeking a quick recap of the teams’ performance against the spread (ATS) and over/under during the 2023 season, here’s a concise betting guide to get you ready for the game.

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Super Bowl LVIII

Favorite: San Francisco 49ers (-2)
Over/under: 47.5

San Francisco 49ers

Overall Record (including postseason): 14-5
ATS Record (including postseason): 9-10
Regular-season ATS Record: 9-8
Postseason ATS Record: 0-2
ATS Record as a Favorite: 9-10
ATS Record as an Underdog: 0-0
Over/Under Record: 11 overs, 8 unders

Looking ahead to the matchup, the San Francisco 49ers are favored by 2 points, with the over/under set at 47.5. The 49ers’ overall record, including the postseason, stands at 14 wins and 5 losses. Their performance against the spread is 9-10, with a regular-season ATS record of 9-8 and a postseason ATS record of 0-2. As favorites, the 49ers boast a 9-10 ATS record, while they have yet to be underdogs in the betting scenario. Additionally, their over/under record indicates 11 games going over and 8 games staying under.

This betting guide serves as a handy resource for those looking to navigate the wagering landscape of Super Bowl LVIII, providing key insights into team performance and betting trends throughout the 2023 season. As millions of dollars are expected to be placed on this high-stakes matchup, staying informed is crucial for both casual and seasoned bettors alike.

Indeed, as stated earlier, the San Francisco 49ers have maintained an unprecedented streak of being favored in every game throughout the current season. This trend is poised to continue unless there’s a substantial shift in the betting line significantly favoring the Kansas City Chiefs ahead of the much-anticipated Super Bowl.

The 49ers kicked off the season as a dominant force, showcasing their prowess against the spread. Initially undefeated and boasting a 4-1 record against the spread, their only ATS loss occurred in a seven-point victory over the Los Angeles Rams, where the spread was 7.5 points.

However, as the season progressed, San Francisco experienced a cooling-off period. The team found itself as favorites in all three games during a challenging three-game losing streak, resulting in a 5-3 record. A pivotal moment came with a commanding 31-point win over the Jaguars, where the 49ers, as a three-point favorite, reasserted their dominance.

During the regular season, the 49ers rarely engaged in closely contested matchups. With just four games decided by single digits, the team lost three games by one score and won only one such game. Interestingly, this trend has shifted in the postseason, where the 49ers, despite being significant favorites, failed to cover the spread in both games. Notably, comeback victories against the Packers and the Lions by three points each marked a departure from their regular-season dominance. The Green Bay game had San Francisco closing as a 10.5-point favorite, while the Lions matchup saw them as a 7.5-point favorite.

On the other side of the Super Bowl equation, the Kansas City Chiefs enter the championship with a season record, including the postseason, of 14 wins and 6 losses. Impressively, their performance against the spread stands at 12-7-1, with a regular-season ATS record of 9-7-1 and a flawless 3-0 record in the postseason. The Chiefs have demonstrated versatility in ATS performance, holding a 9-7-1 record as favorites and a perfect 3-0 record as underdogs. Their over/under record indicates a preference for low-scoring games, with 6 overs and 14 unders.

The San Francisco 49ers, concluding the season with a subpar record against the spread, find themselves in stark contrast to the Kansas City Chiefs, who have emerged as the fourth-best team in the NFL in terms of ATS performance this season. This marks a notable turnaround for the Chiefs, who historically struggled in ATS metrics in recent years.

The Chiefs’ impressive ATS success is particularly highlighted in their postseason play. Overcoming a 4.5-point spread as favorites against the Dolphins at home, they secured outright victories as underdogs on the road against both the Bills and the Ravens.

A remarkable feat for the Chiefs is their five-game streak of covering the spread, a significant improvement from a challenging four-game stretch in December where they failed to cover, resulting in an 0-3-1 ATS record. Notably, the only push in that stretch occurred in the Chiefs’ sole victory, a 27-17 triumph over the Patriots as 10-point favorites.

The Chiefs’ performance against the total also sets them apart among playoff teams. Only two teams, the Los Angeles Chargers and Carolina Panthers, had a worse percentage of overs during the season, both posting 5-12 records against the over/under. Should the Super Bowl trend towards the under, the Chiefs would culminate the season with the highest percentage of unders among all NFL teams in the 2023 season.

This outcome aligns with expectations, given the Chiefs’ well-documented offensive challenges and the team’s robust defensive performance, recognized as one of the league’s best. Notably, as of February 11, Kansas City stands as the sole team in the NFL that has successfully prevented any opponent from scoring 30 points throughout the season.