Over/Under market has been the most popular one this year. The initial line set by the top online bookmakers was 51 points. However, the bettors hammered the market so hard that bookies had to revise their decision. Even after the line went up to 54 points total, the market saw an incredible 85% of all the money wagered on the over side. There was one lucky bettor who managed to place the Over 52.5 bet at one of the local betting shops before the updated odds went live. The lucky bettor went all in and put $110,000 on the finalist teams to combine for at least 53 points at the odds of 1.91 (91/100). In the best scenario, the bettor would have netted a cool $99,990.

Ever since the Super Bowl market was opened, punters saw Kansas City Chiefs as favourites massively backing its victory. Soon enough the Chiefs became just a 1-point favourite making 49ers an underdog while still offering good value on Chiefs. One Las Vegas bettor backed the Chiefs with $115,000 to win the game at the odds of 1.87 (87/100). The Mahomes-led Chiefs victory helped the bettor scoop an extra $100,050.

This season was really all about the Chiefs. The team has the best record of covering the spread. Kansas City went for 12-5-1 against the spread including the playoffs. This is almost 70%!!! As for 49ers, they have the fourth-best record of covering the spread this season at 11-6-1. This gave bettors an interesting situation going into the Super Bowl game. Chiefs beating 49ers by just 1 point was definitely the bet to place. Moreover, 3 out of the 10 biggest Super Bowl bets came in on Kansas City beating San Francisco by at least 2 points. One bettor scooped up $109,080 in profit when the Chiefs covered the spread.

The same local sportsbook that saw the previous Chiefs moneyline. Both bets were placed last Friday before the Super Bowl game, but it’s doubtful that it came from the same person. Unlike the other bettor, this one backed a 2.20 (6/5) underdog with a cool $120,000. Risking it all, the punter could have won an extra $144,000.

Another Kansas City backer. Same odds of 1.87 (87/100). However, this bettor seems to have a bit more faith in Patrick Mahomes and co., backing their win with $150,000. Such a gamble brought a $120,000 profit.

Underdog betting is one of the best strategies when it comes to successful betting. A really risky $187,000 bet came from a West Virginia resident. Besides betting on the underdog, the bettor also took a gamble at the less-favourable odds of 2.07 (107/100) (compared to the previous 49ers moneyline bet). Nevertheless, an underdog is an underdog, which offers good value at the end of the day. Unfortunately for the West Virginian, he missed out on the $200,090 payday this time.

Another point spread. Definitely not the most attractive option, however, many believed that this year Super Bowl would be a really close game. Maybe it does not offer that much value, but at least it makes you feel safe whichever way you might go with your bets. That could’ve been a reason for this punter to wager an even $200,000 on the Chiefs winning by at least 2 at the odds of 1.91 (91/100). The punter is right, which pocketed him or her a nice $181,800 payout.

The most popular market this year. A huge volume was wagered on either team to cover a 1-point spread - 53% on Chiefs and 47% on 49ers. One of the Las Vegas bettors was pretty damn confident in Kansas City taking care of things last Sunday. The punter threw a more than half a million on the wager backing the Chiefs to cover the 1-point spread. Such a risk brought the bettor an extra $499,950.

Things did not look too good for bookies this time. The number of bets placed on KC made some top online bookmakers move their line even further. New Jersey-based bookmaker offered its clients to back 49ers as a 2-points underdog at some moment. One bettor took advantage of the opportunity and placed a $684,000 bet. Backing San Francisco to cover a 2-point spread at the odds of 1.88 (22/25), would have brought the risky punter a $599,868.

The biggest Super Bowl 54 bet. This one comes from a quite famous bettor - Jim “Mattress Mack” McIngvale. The Houston-based furniture mogul was back again with his traditional huge bets. For those who have not heard about Mack yet, he is famous for wagering around $11 million on his hometown baseball team, Astros to win the World Series. 

Patrick Mahomes hits Sammy Watkins for a 60-yard TD. #Chiefs fans can smell the Super Bowl. pic.twitter.com/ibCWv3jAle

— NFL Update (@MySportsUpdate) January 19, 2020

This time Mattress Mack placed two separate $500,000 bets on Titans to beat the Chiefs as underdogs during the AFC Championship Game. Many believe the McIngvale took such an anti-Chiefs stance because they eliminated his beloved Houston Texans in the AFC Divisional Round. Obviously, he lost those bets, however, that did not stop him from going even further. Mack ended up placing $1 million on 49ers winning the Super Bowl at the odds of 2.20 (6/5). We all know the result, but such a wager could’ve brought the furniture mogul an extra $1,200,000.