Thursday, January 29, 2026

Super Bowl ICE: Betting reports on the first week...

New England -4.5 has pretty much held across the board, although Fanatics Sportsbook, according to Vegas Insider, now has New England as a 5-point favorite with full -110 juice.

Latest reports from betting agencies indicate $1.76 billion will be bet on this farce, a record.  Some reports, however, counter this and believe that MAGA boycotts of the game will actually result in a year-over-year reduction in the handle.

Prediction markets -- which, unlike sportsbooks, are apparently legal in all states -- have become a matter of contention for sports leagues.  So much so that it has been announced that no prediction market ads will be made for Super Bowl LX.

Last year, according to ESPN reports, no seven-figure bets were actually made for the Super Bowl.  Already, two (one for $2 million by Mattress Mack  and one for $1.2 million) on the Patriots have been reported.

Other ESPN notes:

  • Both teams were relative longshots to make the Super Bowl.  Partially indicative of the "It could be anyone's season" from the early-season advertising, partially probably indicative that the Patriots didn't really get started until MAGA started throwing a fit about Bad Bunny.  (Remember, the announcement came Sunday of Week Four, the Patriots were 120-1 for the title after starting the season 1-2.  They've lost one game since.)
  • The AFC is 8-3 against the number in the last 11 Super Bowls.
  • Underdogs have won the last three.
  • A Seahawks bettor has already won over a million dollars from the Seahawks making the Super Bowl.  He wins another $3 million if they win.
  • A bettor at Circa, in August, bet Seahawks over Patriots for $100.  He wins $310,000 if it finishes.
  • Indicative of the -4.5 probably holding:  Each team had a significant five-figure bet on the spread at +/-4.5 within seconds at Caesar's.

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