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NFL betting: Someone wagers over $100K on Chiefs and Patrick Mahomes to cover spread vs. Bengals

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Someone at BetMGM is extremely optimistic about the Kansas City Chiefs' chances of making a third consecutive Super Bowl. A bettor placed a $111,000 bet on Kansas City to cover a 7.5-point spread against the Cincinnati Bengals on Sunday in the AFC championship game.

The Chiefs opened as 7-point favorites and the line quickly moved up to 7.5 and it has sat there for most of the week. The Chiefs are currently at even odds to cover the spread (+100), so the bet would return $222,000 if Kansas City beats the Bengals by 8 or more.

Before this huge bet on Kansas City, the Bengals were getting a majority of the money against the spread. As of Friday morning, Cincinnati was getting over half the bets to cover as an underdog and 57% of the handle. This big bet likely shifts that cash percentage toward the Chiefs a little bit.

Kansas City famously struggled with covering the spread early in the season. It was profitable to fade the Chiefs at the start of the year as Kansas City got off to a 3-4 start. But the Chiefs have covered the spread in eight of their past 10 games including the postseason. Kansas City easily covered a big spread against Pittsburgh in the first round of the playoffs and then covered 1.5 points against the Buffalo Bills in that epic 42-36 overtime win in the divisional round.

The Chiefs are 10-9 against the spread so far this season, a worse record than the Bengals when you account for the postseason. Cincinnati is 12-7 ATS and it has also covered the spread in its two postseason games. One of those teams is going to be a loser against the spread for the first time this postseason on Sunday. And that bettor certainly hopes it's Cincinnati.

KANSAS CITY, MISSOURI - JANUARY 23:  Patrick Mahomes #15 of the Kansas City Chiefs runs toward the end zone while celebrating a touchdown scored by Tyreek Hill #10 during the fourth quarter of the AFC Divisional Playoff game against the Buffalo Bills at Arrowhead Stadium on January 23, 2022 in Kansas City, Missouri. (Photo by Jamie Squire/Getty Images)
Patrick Mahomes and the Chiefs are 10-9 against the spread so far this season. (Photo by Jamie Squire/Getty Images)