Super Bowl betting recap: Record profits in Vegas, online sportsbooks

Matthew Emmons-USA TODAY Sports

Bettors wagered more - and lost more - on Super Bowl 48 than on any other Super Bowl in Nevada. The story was similar at online sportsbooks where Seattle's rout of Denver earned huge profits.

It was a lopsided result on the field and equally as lopsided at the sportsbooks.

Regardless of which side you were on in the big game, most bettors and experts agreed that Super Bowl XLVIII between the Denver Broncos and Seattle Seahawks would be a great matchup. It wasn't. It wasn't great for bettors either who bet a record amount at Nevada casinos and lost a record amount as well.

The result was an excellent one for sportsbooks, online and in Las Vegas, where the Nevada Gaming Control Board announced books turned their biggest Super Bowl profit ever at $19.7 million. Nevada casinos (estimated to account for about one percent of overall global Super Bowl betting) took $117.4 million in bets, nearly $20 million more that the previous record from a year ago.

The Denver Broncos were the preferred side of the betting public both ATS at -2 and on the moneyline at -135. Nearly 70% of action on the total came in on the UNDER at anywhere from 47 to 50, giving the books a nice payday when the OVER cashed at 51 total points.

Sportsbooks also made a killing on prop betss such as "first score of the game" which was an extremely rare safety and "who will win MVP" as unsung linebacker Malcolm Smith took home the award. Smith became the first defensive player to win the award since 2003 and just the ninth defensive player to do so all-time.

However, the safety cost books as some clever and lucky bettors bet that longshot. It was a similar story with Denver's two-point conversion, which was another solid Super Bowl prop bet win for the players.

At Bovada, Kevin Bradley said the book set a record for prop betting handle, with nearly 70 percent of the wagers on the game on bets like Gatorade shower odds (they paid out both orange and yellow after Pete Carroll endured two Gatorade showers), national anthem over-under and player-related statistical props.

Super Bowl 49 odds

It is never too early to take a look at the odds for Super Bowl XLIX, which were posted at some of the best online sportsbooks before the final snap Sunday. With most of the key players on all four of this year's "final four" teams returning, it shouldn't come as a surprise to see these teams at the top of the betting board.

Seattle is the current favorite to win the Super Bowl again at 9/2 with San Francisco (15/2) and Denver (17/2) trailing close behind and New England up next at 14/1.

Bettors looking for early value might find some in the Carolina Panthers, who are currently going off at 25/1. Built in a similar fashion to Seattle and San Francisco with a mobile quarterback and an excellent defense, the Panthers appeared to have turned the corner last year and could be another contender in the NFC moving forward.

Other early contenders expected to be in competition for the Super Bowl include Green Bay (16/1), New Orleans (18/1), and Atlanta, Chicago, Cincinnati, Indianapolis, and Philadelphia all going off at 25/1.

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