Alternate Spread +4.5 • San Francisco 49Ers

Pick: San Francisco 49ers +4.5 --125. The logic: this alternate spread prices in a close game where San Francisco can lose by up to four or win outright, so the market is favoring parity; factors like complementary football, special teams, and late-game execution make this a reasonable value target. Structurally, the line benefits a team expected to stay within a one-possession margin, and given matchup balance I rate this as a 2-unit, value-seeking play rather than an all-in move.