2024 Super Bowl LVIII odds: Drake wagers $1.15 million on Chiefs, tracking other big bets

chonprasit

National Football League

Updated Feb. 11, 2024 2:46 p.m. ET

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Patrick Everson

FOX Sports Betting Analyst

Here at FOX Sports, we like big bets and we cannot lie.

And nothing invites big bets quite like the Super Bowl odds market.

Consider this space your one-stop shop to learn about all the major Super Bowl wagers and what the oddsmakers are saying about those wagers.

Nearly 68 million adults in America are expected to wager more than $23 billion, according to the American Gaming Association.

We’ll update every day through Super Bowl Sunday, and we’ve got a whopper to get started.

Entertainer Drake put down $1.15 million on the Chiefs at +104.

Total payout: $2.346 million for a $1.196 million profit.

All Hail Caesars

On Tuesday morning, after a flurry of news about how all the early action was on the Kansas City Chiefs, it was the San Francisco 49ers taking the first truly major wager.

Caesars Sports reported that a customer in Michigan put $1 million on 49ers moneyline -120. It’s the first reported seven-figure wager in the Super Bowl LVIII odds market.

If the 49ers beat the Chiefs, the bettor will profit $833,333.33, for a total payout of $1,833,333.33.

But that’s not all for this high-rolling bettor. Caesars Sports’ Dominic Holden confirmed that the same customer also made a $200,000 bet on 49ers quarterback Brock Purdy +240 to win the MVP award. And the bettor put $100,000 on tails -105 for the coin toss.

Should Purdy be named MVP, that bet would profit $480,000, for a total payout of $680,000. And if the coin toss comes up tails, the customer would profit $95,238.

Total it all up, and the big bettor is in for $1.3 million in Super Bowl wagers so far, with potential profit of $1,408,571.33, for a total payout of $2,708,571.33.

Which team?

There’s a $1.1 million bet in Vegas, but the bettor blacked out which team … we’ll keep you posted.

Another big 49ers bet

A second reported $1 million bet has been placed on San Francisco.

Other notable wagers

The big bets are starting to roll in as kickoff nears.

A bettor plunked down $668,181 on the 49ers -2 points. Yes, we’re not sure why the bet was exactly $668,181 …

We’ve got $600,000 on the 49ers moneyline.

A Chiefs bettor is risking $540,000 on an alternate line (+4.5, -180) to win a $300,000 profit.

A bettor put down $500,000 (-125) on the San Francisco moneyline.

Potential profit: $400,000.

The largest reported bet on the Chiefs (+2) as of Saturday was $300,000.

There have been nine safeties scored in Super Bowl history, but no team has finished the big game with two points.

One bettor will win a million dollars on a $100 bet if it happens Sunday.

We’ve got a big long-shot bet – 49ers defensive end Chase Young to win MVP, payout would be $600,000.

There’s a large Super Bowl futures bet at Caesars, a $100,000 wager on the Chiefs at +500, to win $500,000 total if K.C. brings home the trophy.

If Chiefs running back Isiah Pacheco is named Super Bowl LVIII MVP, a bettor will win a cool million bucks.

This might be one of the longest of long-shot bets for a six-figure win:

Big coin flip bet!

We had to include this … a bettor plunked down $40,000 on the coin flip being tails.

Tails never fails, right?

Check back regularly for more big-bet news and comments.

Patrick Everson is a sports betting analyst for FOX Sports and senior reporter for VegasInsider.com. He is a distinguished journalist in the national sports betting space. He’s based in Las Vegas, where he enjoys golfing in 110-degree heat. Follow him on Twitter: @PatrickE_Vegas