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Super Bowl 58 Ultimate Betting Guide For 49ers-Chiefs

Adam Thompson for Bookies.com

Adam Thompson  | 11 mins

Super Bowl 58 Ultimate Betting Guide For 49ers-Chiefs

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The Kansas City Chiefs and San Francisco 49ers – two of the three favorites to win the Super Bowl back in the preseason – have proven oddsmakers correct, as Patrick Mahomes’ Chiefs and Brock Purdy’s 49ers face off in Super Bowl 58. Kickoff is set for Sunday, Feb. 11 at 6:30 p.m. ET. 

The Chiefs have won five straight games, led by Mahomes and a defense that’s given up just 14 ppg in that span. The 49ers own the NFL’s second-ranked scoring offense and third-ranked scoring defense. 

It’s the fourth Super Bowl appearance in five seasons for KC, while it’s the first for San Fran since losing to Mahomes and the Chiefs in 2020. The Niners seek their first Lombardi Trophy since 1994-95

With top online sportsbooks as big and diverse as ever, Super Bowl betting will offer more than 1,000 ways to wager on the big game. Here is your ultimate Super Bowl Betting Guide to help you decide which is the best direction to hit your Super Bowl betting goals.

Super Bowl 58 49ers-Chiefs Betting Odds

As soon as the AFC Championship Game ended on Sunday night, most online sportsbooks posted the 49ers as two-point Super Bowl betting favorites over the Chiefs. By Monday morning, the line had moved up to 1.5 points in some spots, with San Francisco laying just a half-point. 

The line has since bounced back to SF -2. As of now, 72% of tickets are coming in for the Chiefs to cover the spread, according to Bookies.com. But only 64% of the money, suggesting the sharps are leaning toward the 49ers. 

The Over/Under for total points is at 47.5 at nearly all sportsbooks, snapping a six-year streak of the total being at least 49 points. Kansas City and San Francisco averaged a combined 51.0 ppg on the season but allowed just 35.2 ppg. Only the Ravens allowed fewer points than the Chiefs (16.8) and 49ers (18.2). 

When it comes to the money line, San Francisco is -125 while Kansas City is +105. Those interested in the straight-up-win approach can find varied NFL odds  across the online sportsbooks. Shopping for the best lines can pay off. 

How to Bet on Super Bowl LVII

One of the best parts of the Super Bowl is all of the ways to bet on the game. It's the most wagered-on sporting event of the year and there are endless ways to place bets. Here are a few of the most common Super Bowl bets and how to make them:

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Super Bowl 58 49ers-Chiefs Moneyline Bet

This is the way to wager on a team winning the game outright, without any point spread. The margin of victory does not come into play with money line bets. Instead of the point spread changing to generate equal odds on each side, the odds are different for the two teams based on which team is expected to win the game. 

According to Bookies.com, the 49ers are currently -125 favorites to win, which means you would need to wager $125 to win $100 in profit. The Chiefs are at +105 underdogs; a $100 wager wins $105 in profit. This is the most basic Super Bowl bet. Bettors are strongly siding with Mahomes and KC so far, with a whopping 83% of wagers coming in for the Chiefs. 

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Super Bowl 58 49ers-Chiefs Over/Under Bet

This is a bet on the total number of points scored in the game. The current Over/Under for the big game is set at 47.5. The last six Super Bowls had O/U lines of at least 49 before this year’s matchup. The Under hit in four straight Super Bowls before last year, when the Chiefs edged the Eagles 38-35 in a shootout. 

So far, Super Bowl betting is leaning strongly on the Over. According to Bookies.com, 70% of all wagers on the total are going Over this mark despite each side ranking in the top 3 in the fewest points allowed this season. 

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Super Bowl 58 49ers-Chiefs Spread Bet

This is a bet in which players are asked to wager on a team using a point spread and is the most popular bet of all NFL games. In the latest Super Bowl 58 odds, the 49ers are two-point favorites. That means that they would need to win by at least three points to cover the spread. 

The spread could drop down to 1.5 points. The .5 is called the hook, which oftentimes is crucial in deciding between a winning and losing wager.

If the line drops back to 1.5 points, would mean the Chiefs could lose the game but win on the spread with a one-point loss. Only one Super Bowl has ever been decided by a single point. 

The Chiefs have been an underdog three times all season – they not only covered the spread in all three but straight-up won each instance, including their playoff victories at Buffalo and Baltimore. 

The 49ers have been favored in every game this season. Only four times were they favored by 3.5 points or less – they won those games by 23, 31, 32, and 23 points. 

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Super Bowl Player Props

Prop Bets are when you wager on a specific outcome in a game that is not directly tied to the final outcome. For example, you can wager on the number of passing yards by Jalen Hurts or who will score the first touchdown of the game for the game (right now it’s 49ers RB Christian McCaffrey, at +340). 

Super Bowl prop bets range from the most rushing yards to the most sacks and everything in between that can be measured on the field. One of the most popular props is the Anytime Touchdown – if you bet on a player to score, and they do, you win. McCaffrey is at -225 to score at any point in the game at BetMGM. Chiefs RB Isiah Pacheco (-125) and Chiefs TE Travis Kelce (-110) are also favored to hit paydirt. 

Some sites will even let you place a futures bet ahead of the Super Bowl, wagering on who will win the game next year. It's worth noting that the odds for a prop bet differ from site to site, so be sure to check out different sportsbooks for the best odds.

Exotic Super Bowl Prop Bets

The Super Bowl will have countless exotic prop bets available, such as the length of the National Anthem, the color of the sports drink dumped on the winning coach, the coin toss and so much more. Be sure to check out your favorite sportsbooks to see what Super Bowl prop bets they have available.

Popular Super Bowl 2024 Sportsbooks Promotions and Bonuses

There is no better time to sign up with an online sportsbook than in the weeks leading up to a Super Bowl. Nearly all of them pull out promotions and bonuses for new customers that offer free bets, sometimes risk-free bets, worth hundreds or even thousands of dollars. 

One of the best parts about Super Bowl 58 is all of the promotions and sign-up bonuses that sportsbooks will cover. 

For example, Caesars Sportsbook is offering a bet credit of up to $1,000 for anyone who loses their first bet on the Super Bowl. 

ESPN BET, BetMGM, DraftKings, FanDuel, and bet365 offer bonus bets of $150 or more for new registrations. 

This is a good time of the year to sign up for multiple sportsbooks and receive fantastic promotions and bonuses. It's important to remember that there is no limit to the number of top sportsbooks you can sign up for. So go ahead and earn all of those promotions and bonuses leading up to the big game.

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2024 Super Bowl LVII Betting Promo Codes

What promo code and sportsbook make the most sense for you? Several online sportsbooks offer risk-free bets or increased odds for your first wager. It is a great boost to help new sports bettors build their bankroll and enjoy the big game.

Here are several of the best promotions handpicked and available via Bookies.com: 

The BetMGM Sportsbook Big Game betting promo gives bettors $158 in bonus bets just for making a $5 first bet. Just sign up for a new BetMGM account using the bonus code BOOKIES, deposit $5, and bet $5 on any sport. You will then get $158 in bonus bets win or lose, given to you in the form of two $50 bonus bets plus one more $58 bonus bet.

The latest Caesars Sportsbook Super Bowl betting promo BOOKIES1000 gives new users back up to $1,000 if their first bet loses. Just sign up for a new Caesars account, deposit at least $10, and then make your first bet. If your first bet loses, you will get back up to $1,000 in the form of a single bonus bet to use on any subsequent wager you want.

The DraftKings Sportsbook Super Bowl betting promo gives new users $200 in bonus bets for making a $5 first bet. Just sign up for a new DraftKings account, deposit at least $5, and then bet $5 or more on any sport. You’ll get $200 in bonus bets instantly in the form of eight $25 bonus bets, which you can then use to wager on any sport you want.

The FanDuel Sportsbook  Super Bowl betting promo gives new users $150 in bonus bets for making a $5 first bet. Sign up for a new FanDuel Sportsbook account, deposit at least $10, and then bet $5 or more on any sport. You’ll get $150 in bonus bets win or lose, which you can then use in any denominations that you would like.

The bet365 Sportsbook Super Bowl betting promo gives new customers $150 in bonus bets for making just a $5 first bet. Just sign up for a new bet365 account, deposit at least $10, and then place your first bet for $5 or more. Once your first bet settles, you will be granted $150 in bonus bets which you can use for any subsequent wagers.

The ESPN BET Super Bowl betting promo gives new users $150 in bonus bets for making a $10 first bet. Just sign up for a new ESPN BET account, deposit at least $10, and then place your first bet for at least $10. You’ll get $150 in bonus bets, which are given to you in the form of $100 in bonus bets right away, plus another $50 in bonus bets given to you within 24 hours.

Super Bowl 58 Betting Guide Picks and Predictions

So now that you know the odds, have signed up for a top betting site, and have received a betting promotion, it's time to make a bet. Here are our favorite NFL picks and bets for Super Bowl 57:

Best Super Bowl LVII Betting Sites

There are so many fantastic sportsbooks available this year for you to bet on Super Bowl 58, depending on which state you live in. But which one makes the most sense is entirely up to you. 

Some sites will offer more bonuses and promotions while others may offer a better mobile experience. Often, the odds are different based on the sportsbook. Many sports betting enthusiasts open more than one account for this very reason. 

Here is a list of the top betting sites for Super Bowl Odds:

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About the Author

Adam Thompson for Bookies.com
Adam Thompson
NFL writer and expert Adam Thompson joined Bookies.com in 2019 after a successful run as senior handicapper for SportsLine and CBSSports.com. He's long been established as one of the nation's premier handicappers, specializing in the NFL where he's hit on more than 60% over the past three years. Adam's NBA, PGA and horse racing picks have also produced major winners over the last 12 months. His customized NFL and NBA odds for players and teams have been picked up by hundreds of websites over the past year.