Super Bowl 58 bettors cleaned out sportsbooks on a long-shot overtime prop
Super Bowl games don’t go to overtime often. In fact, it had only happened once ahead of Sunday’s game between the Kansas City Chiefs and San Francisco 49ers. But when a game has a spread of just two points, you can’t completely rule it out as a possibility, and rule it out bettors did not.
At BetMGM, 95 percent of bets on whether Super Bowl 58 would go to OT were on “Yes.” It turned out to be an incredible win for those bettors at +900 odds.
We have overtime in the Super Bowl.
It was +900 at some books.
95% of bets on YES for OT at #BetMGM per @johnewing
— Ben Fawkes (@BFawkes22) February 12, 2024
Over at Caesars Sportsbooks, the damage was also brutal as director of trading Craig Mucklow told For The Win’s Ben Fawkes the result was one of the biggest prop payouts of his tenure.
"The YES overtime will be one of the biggest prop payouts since I've been here." — Craig Mucklow, @CaesarsSports director of trading just told me.
YES for OT was +900
Average ticket was only $16 for YES, but handle 2-1 and ticket count 8-1. Liability adds up real quick
— Ben Fawkes (@BFawkes22) February 12, 2024
Of course, at those odds, not many people were going to take the alternative option, because the short odds on “No” wouldn’t have netted much of a return. But anyone who considered a bet on yes and didn’t do it are surely kicking themselves after this one.