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One thing to remember about spreads in championship games is that the futures bets prior to and during the season matter. Most people realize that Vegas typically wants half the money on each side of the spread but in championships that isn’t always the case.
In this example it’s possible there is way more futures money on the 49ers so keeping the Chiefs underdogs is Vegas trying to hedge by getting money on the Chiefs.
Also factored in is the team markets and the dollars and number of bets coming in on each team. So we have a general idea of the side the public is on, but not really the actual dollars on each side from new bets but also existing futures. Also being the most bet game there is, typical analysis of the spread is actually really difficult.
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