Massive Bucs Bet
BetMGM is one of the top sportsbooks in the United States. Luckily for us, BetMGM consistently sends updates and insight regarding wagers and bets placid across its platform. Today, some massive news has come out that a $30,000 Super Bowl bet was placed on the Tampa Bay Buccaneers. If the Buccaneers indeed win Super Bowl 56, this bet will payout $210K, as the odds were at +700 at the time of placing the wager.
This bet was placed at MGM on Saturday, July 24th, 2021. It continues a trend of bettors pushing their money towards the Buccaneers as the team now accounts for the highest handle percentage at 21.4%. This means that 21.4 percent of all money wagered on the Super Bowl winner, with BetMGM, has been placed on the Tampa Bay Buccaneers.
Following the Money For Super Bowl 56
In the insight provided by BetMGM, we received a follow-up on how the Super Bowl 56 bet is playing out on the sportsbook. The three top wagers are the Bucs, Chiefs, and Broncos. Currently, the handle breaks down like this.
- Buccaneers 21.4%
- Chiefs 11.8%
- Broncos 8.5%
Many may be wondering why the Broncos are among the top three. There are most likely two major reasons for this. One is the fact that Colorado has legal online sports betting, and therefore there is going to be a hometown bias in that state for the Broncos. The second is the Aaron Rodgers rumors, many wagered on the Broncos, hoping Rodgers would be traded to the team. If Aaron came in, the team, without a doubt, would be one of the favorites to win the Super Bowl. This means that getting the team before the trade would lead to a value. Unfortunately for those bettors, it does not seem like a trade is likely.
BetMGM also shared the top three liabilities on its sportsbook.
This means that if the Buccaneers win the Super Bowl, BetMGM will owe the most amount of money possible out of the 32 possible outcomes. A newcomer to this list is the Titans. Interestingly enough, this may have to do with the Julio Jones trade. This did not really affect the odds on any sportsbook, but it affected the public perception of the team.
The three big line movements that BetMGM has chosen to highlight are the Chiefs moving from +600 to +450, Buccaneers from +1,200 to +700, and Browns from +2,500 to +1,400. These are all unsurprisingly as these are three teams that the public and analysts are extremely high on. All three have a great chance at making and winning the Super Bowl this year.
Expect the insight to keep coming from BetMGM, and as injuries happen in pre-season, we may start to see major line movement, and the money start to shift as we get into the regular season.