Super Bowl 51 Betting Odds Update
As of late Wednesday afternoon, every online and Las Vegas sportsbook is still listing the Patriots as a 3-point favorite in Super Bowl 51 tough the Total has gone from 58 and 58.5 to a solid 59 at many books now, so before you bet on the NFL playoffs, click here to cash in on the latest Super Bowl 51 promos.
In Depth Analysis On The Super Bowl 51 Betting Odds Update
Only two of the past 28 Super Bowls have had point spreads at 3 despite it being the most key number in the NFL.
The 2011 Super Bowl featured Green Bay as a 3-point favorite against Pittsburgh and the Packers went on to win Super Bowl 45, 31-25.
In 2001, the Baltimore Ravens were 3-point favorites to beat the New York Giants in Super Bowl 35 and went on to crush the G-Men 34-7.
This clearly means that sportsbooks don’t want to deal with the possibility of push on the biggest game of the year where they will have to refund all the wagers. Any decision that’s not a push is preferable to the sportsbooks.
Right now, the action on Super Bowl 51 is still coming in fairly evenly, which is why the line hasn’t moved. If a bunch of late wagers heavily favors one team, then you could see a late Super Bowl 51 line move, but I’m not expecting it!