Whale targets 49ers with $1 million Super Bowl bet vs. Chiefs

Whales are swimming around the Super Bowl as Caesars Sportsbook reported a $1 million wager on the 49ers moneyline (-120).

The $1 million wager would win $833,333.33 if Brock Purdy and the 49ers defeat Patrick Mahomes and the Chiefs.

This comes as the bettor bought the dip, as line movement for the 2024 Super Bowl showed tons of public support for the Chiefs.

San Francisco opened as 2.5-point favorites for the 2024 Super Bowl, but those odds were bet down to -1 in the early hours of betting.

The massive bet taken by Caesars seems to have been a theme of reverberations across sportsbooks on Tuesday, as the line has since jumped back up to -2.

Caesars Sportsbook assistant director of trading Adam Pullen told The Post on Sunday that they were expecting the Super Bowl to handle a record $190 million break this week.

This bet goes a long way toward making that a reality.

It is worth noting that this is a moneyline bet, not a spread bet.

BetMGM Sportsbook reported to The Post that 16 percent of bets were on the 49ers moneyline, while 21 percent of the handle was on San Francisco. This could be a sign that the pros are in on San Francisco while the Joes flooded the early market in Kansas City.

There are some heavily bet-on props as well, namely, Travis Kelce to score a touchdown at -110, the most bet-on a player to get in the endzone.

Purdy’s rushing prowess during the playoffs has been the major point of emphasis for bettors as it’s the most bet on for the 2024 Super Bowl.

99 percent of the bets are on Purdy to go over 11.5 rushing yards (-110).

But the buyback has been real on the 49ers as betting continues across the next 12 days.