BALTIMORE RAVENS 47.5
SAN FRANCISCO 49ERS -3.5
Although the Super Bowl XLVII betting line varies from sportsbook to sportsbook at most Nevada ‘stores’ the San Francisco 49ers are -3.5 point favorite over the Baltimore Ravens. Some books are still dealing -4 but as of this writing there are no lines higher or lower at any significant sportsbook in Nevada, Europe or offshore. The total on the game is 47.5 at most books with a number of 47 prices also available. The Super Bowl pointspread opened considerably higher, with some books offering the Niners at -5 or -5′. Baltimore money hit immediately—at one point early in the betting cycle the Sports Options live odds feed indicated that over 76% of all bets were being placed on the underdog Ravens. Some San Francisco money came in but was quickly overwhelmed again by the ‘public’ backing Ray Lewis and the Ravens. The line has continued downward all week and a couple of books even went to -3 with a moneyline.
The Super Bowl 47 total experienced a similar trajectory to the side. Based on the teams involved it’s possible to conclude that bookmakers simply set a bad opening total–perhaps ‘shaded’ high by the public’s usual preference for betting the ‘Over’ in Super Bowl games. It opened at 52.5 (with some stores as high as 53.5) and was immediately met with a deluge of ‘Under’ money that has continued until now. It went as low as 47 at some books before starting to tick upward but that trend ended quickly and the money is decidedly ‘Under’ with totals of 47 or 47.5.
This year’s Super Bowl is being watched very closely at sportsbooks around the world–and particularly in Nevada. As the United States’ only land based sports betting jurisdiction the Super Bowl is the single biggest betting event of the year both in terms of money bet (‘handle’) and profit (‘hold). With the Nevada economy on the rebound casinos are hoping that last year’s strong revenue showing continues. Bettors wagered $94.5 million on the game between the New England Patriots and New York Giants. Given the attractive nature of this year’s matchup–combined with continued improvement in the local, national and worldwide economy–some gaming industry analysts are hopeful that the 2013 Super Bowl could set a new record for betting in Nevada.