As the point spread for Super Bowl XLVI continues to dance leading up to Sunday’s 6:30PM ET kickoff, one thing remains constant: The Patriots will be favored.

Depending on the sports book, the Pats opened as a 4, 3.5, or 3-point favorite over the Giants when the line was released on Championship Sunday. But the spread has dropped to 3 or 2.5 at most books as the majority of wagers continue to come in on the Giants.

According to the public betting charts available at The Spread, the majority of the early money has been placed on New York, which has forced some sports books to drop the spread to New England –2.5. The total, meanwhile, continues to drop as well, falling from 55.5 to 54.5 at most books.

It’s no surprise that bettors are backing a Giants team that upset the Patriots as a 9-point underdog back in November of last year. Eli Manning rallied New York to a 24-20 victory when he found Jake Ballard for a one-yard touchdown with just 15 seconds remaining in the game. The Giants also ruined the Patriots’ attempt at a perfect season back in 2008 when they pulled off an incredible 17-14 upset as a 12.5-point dog. Thus, bettors aren’t afraid to lay coin on the G-Men.

The Giants are 5-1 against the spread in their last six games against the Patriots while the underdog is 5-1 against the number in the last six meetings between these two teams. New York is also 8-0 ATS in its last eight playoff games as an underdog and 8-1 ATS in its last nine playoff games overall. New England, meanwhile, is just 1-6 against the spread in its last seven playoff games as a favorite and 1-7 ATS in its last eight playoff games overall.

The spread will probably jump between 3 and 2.5 throughout the rest of the week, although it would be surprising to see the number jump to 3.5 or fall below 2.5. Odds makers seem comfortable with the spread dancing between 3 and 2.5.

Check Bullz-Eye.com for the latest Super Bowl XLVI point spread.