After the dust settled from a dramatic Conference Championship Sunday, the oddsmakers installed the Los Angeles Rams as slight favorites in Super Bowl LIII over the New England Patriots.
That didn’t last long.
Early money poured into books in Nevada and New Jersey, making the AFC champs favorites to win their sixth Super Bowl. Within a few hours of betting opening, the Pats went from one-point dogs or a pick’em to two-point favorites.
Currently, the Rams are listed at +2.5 at most sportsbooks in NJ. As of Tuesday afternoon (ET), William Hill stated that New England had 86% of the public money with 79% of the tickets sold. The Pats also had 74% of the money line as the -140 favorites, despite selling only 49% of the tickets at that time. The under has dropped from 59 at open to as low as 56.5 with 58% of the public money on the under.
FanDuel Sportsbook has the shortest spread currently available, with NE -2. Across the board, most books have dropped the total to 57.
New England is the first team to make three straight Super Bowls in 25 years, since the Bills played in four consecutive in the early 90s. They’ll try to join the 70s Dolphins as the only teams to win twice when appearing in three straight.
This is the first Super Bowl with major markets outside Vegas taking bets. The Patriots were heavily bet throughout the season across the NJ books. The Rams didn’t deliver as consistently for bettors in 2018. Estimates for handle in the Garden State are as much as $100 million.