- The game between the Chiefs and the Ravens on Monday night resulted in a big loss on the money line for sportsbooks
- The points total was only one made field goal away from cashing out for the large number of bettors that bet on the over.
NEW YORK – Sportsbooks suffered a loss and just barely escaped a bigger loss after the Monday Night Football matchup between the Kansas City Chiefs and the Baltimore Ravens resulted in the underdog hitting the money line and the Over/Under hitting the Under by 1 point.
The Chiefs were +150 underdogs going into the game which caused books to take a pretty big hit because of the many bettors who placed wagers on the reigning Super Bowl Champions.
DraftKings reported that 78% of their money line bets on the game were for betting on Patrick Mahomes and the Chiefs to win the game, even though the team, at one point, was a 3.5 point underdog.
The bet proved to be a great wager to place but the night would have been even worse for sportsbooks if either team scored just two more points in the game.
Due to these teams being such offensive powerhouses and being the No.1 and No. 2 offenses in 2019 many sports bettors could not wait to jump on the point total Over/Under.
The total for the game opened at 52, stayed at 54.5 throughout the week, and closed at 55 as the start of the game ended any pre-match Monday Night Football betting.
The final total was 54 points for the game. By half time the Chiefs and the Ravens had combined for 37 points, the third quarter only came with three points but in the fourth, there were 14 points put on the board.
With 80-90 percent of the money on the game’s point total put on the over, legal sportsbooks just barely survived what could have been a devastating hit.
Many bettors that placed a wager on the over are surely hurting knowing that all they needed was Chiefs kicker Harrison Butker to make the field goal he kicked late in the second quarter to win the bet.
— Barstool Sportsbook (@BSSportsbook) September 29, 2020
Wins and losses for both the sportsbook and bettors also happened for the Sunday games. The Bears’ win over the Falcons, The Bengals-Eagles tie, and the Lions beating the Cardinals were moneyline betting lines that all worked out well for the sportsbooks.
In contrast, the favorites of their respective games such as the Patriots, Steelers, Seahawks, Buccaneers, and 49ers all covered and bettors were the ones who benefited from that.
Adia has a background in sports writing and strives to provide content that gives the readers accurate information. As a storyteller, she also works hard to create stories that are engaging to the audience. Whenever she’s not writing on sports betting news, she is getting her heart broken by every sports team in Georgia.