Week 12 of the 2023 NFL season wrapped up with a terrific MNF matchup, and the latest Super Bowl odds feature a group of heavyweight teams at the top.
There’s a bit of separation among the top three teams and the rest of the field. The Philadelphia Eagles, Kansas City Chiefs, and San Francisco 49ers are all the current favorites to win the NFL Championship. Their current odds are similar to what they opened up with during the offseason.
Take a look at the current Super Bowl odds now available and featured analysis on the betting landscape. The National Football League will host Super Bowl 58 at Allegiant Stadium in Las Vegas, Nevada, on Feb. 11, 2024.
Super Bowl 58 Best Bets
Let’s look at the Super Bowl 58 betting favorites and break down whether they are worth a bet at this point of the season.
Philadelphia Eagles ()
The Philadelphia Eagles have the best record in the NFL, and they have taken down two of the AFC’s top foes in back-to-back weeks. After knocking off the Chiefs on Monday Night Football, Philadelphia won in overtime against the Buffalo Bills to become the first team with 10+ wins this season. As a result, their Super Bowl odds remain toward the top of the oddsboard.
While they only have one loss and brought back most of everyone from last season, they are not operating at the same level. The defense ranks below average in most categories, including scoring (22.4), yards per play (5.2), and touchdowns per game (2.7).
However, the offense led by Jalen Hurts is still among the best in the NFL. They are winning a ton of one-score games, which is scary as you head into the playoffs, but it is clear that the Philadelphia Eagles are a true Super Bowl-caliber team, and their NFL Championship odds reflect that.
Kansas City Chiefs ()
Kansas City picked up a hard-fought win over the Raiders last week to improve to 8-3 on the season. While they do not currently hold the AFC’s best record, the Chiefs’ Super Bowl odds have them listed as the best team in the conference.
Obviously, whenever you have Patrick Mahomes, you have a shot. While the receiver room leaves a little to be desired, especially after a dropped touchdown that could have won the game last week, Travis Kelce is still one of the best offensive weapons in football, and Kansas City’s offense still moves the ball downfield.
However, the defense has been the most impressive part of this team. They rank in the top five in scoring (16.5), yards per play (4.9), points per play (0.276), yards per pass (5.6), and yards per game (290).
The AFC is very much in the air, but the Chiefs have looked like the best team in the conference.
San Francisco 49ers ()
It seems the San Francisco 49ers are back to business with three straight impressive wins. Not only are they back on track, but Brock Purdy is once again playing at an All-Pro level, which is crucial for the 49ers’ success.
Over the last three games, Purdy is completing 75.3% of his passes for 838 yards and seven touchdowns. Even with three brutal games earlier this season, San Francisco’s offense is the most dangerous in the NFL. They rank first in yards per pass (8.9) and are in the top five in scoring (28.2), yards per game (386.1), and yards per play (6.4).
Defensively, San Francisco has one of the best front sevens in the NFL, and the deadline acquisition of Chase Young makes them that much better. Even though the Eagles own the top of the Super Bowl oddsboard, San Francisco is a dangerous team playing some great football right now.
Super Bowl 58 Value Picks
The Ravens play in the most competitive division in football, but they have a very easy path to the playoffs. Their schedule is not too tricky down the stretch, and the rest of the division is falling apart around them.
Both Cleveland and Cincinnati are without their starting quarterbacks for the rest of the year, and Pittsburgh may as well not use a quarterback at this point. That leaves the Ravens, who currently hold the best record in the AFC, in a good spot to win the AFC North and make a run at the Super Bowl.
They are well-balanced on both sides of the ball, and Lamar Jackson is playing some of the best ball of his career. They have the NFL’s top-ranked rushing attack, and they are picking up 7.3 yards per pass. Baltimore also has a few injuries, but none as significant as their biggest rivals.
At this point, any team in line for a playoff spot is worth a Super Bowl future. No team has truly separated itself from the rest, and you can get a reasonable price on the Ravens’ Super Bowl odds right now.
Detroit Lions ()
The Lions laid an egg on Thanksgiving against the Green Bay Packers, but they are still in good shape to win the NFC North. With Chicago taking down Minnesota on Monday Night Football, Detroit’s lead in the division got stronger.
They rank seventh in scoring (26.7), third in yards per play (5.9), and they are scoring over three touchdowns per game. They do most of their damage on big chunk plays, primarily through the air, as they put up 7.3 yards per pass.
While this is an elite offense, the defense remains an issue. They are a talented unit, but they allow a lot of explosive plays, which is a recipe for disaster when you reach the postseason. Last week, they allowed the Bears to jump out to a big lead through big chunk plays. Luckily, this offense is so unstoppable that they are worth a Super Bowl future.
At this point, it would be pretty shocking to see the Lions miss the playoffs. A bet on Detroit winning the Super Bowl may be worth it at the highest price, which can be found at 18/1 with FanDuel.
Super Bowl Longshot Bets
Buffalo Bills ()
There is no team more confusing than the Buffalo Bills.
Buffalo ranks in the top eight in scoring on offense and defense, has an elite quarterback in Josh Allen, and the defense, when healthy, is very deep and talented. However, they are 6-6, and it feels like one of the NFL’s best teams had its Super Bowl window slammed shut out of nowhere.
Injuries have certainly not helped the Bills, but they are simply just finding ways to lose. This is mainly because Allen absolutely loves turning the ball over. He leads the league in interceptions (12) and has four fumbles.
However, the Bills’ roster is as talented as anyone in the NFL. If they get hot at the right time, it will be hard to beat Buffalo, especially in the playoffs. While they may have lost any chance at a home postseason game, Buffalo is down in the eyes of the public and the oddsmakers.
You can get a 50/1 price at DraftKings, which is well worth a play if you think the Bills can go on a run to end the season.
Denver Broncos (MB)
Hard to imagine the Denver Broncos in a playoff race after a 1-5 start to the season, but here we are.
They are currently on a five-game winning streak, and while it may be too late to catch Kansas City in the AFC West, the Wild Card is well within range. During the winning streak, they have taken down a few of the AFC’s top teams, including the Chiefs, Bills, and Browns.
The offense still does not score a lot, and Russell Wilson, while playing much better, is not blowing you away with his performances. Defensively, they still rank toward the bottom of the league, but they are playing much better during the winning streak, allowing only 16 points per game.
All we know is Denver has a favorable schedule to end the year, a Super Bowl-winning coach and quarterback, and a really talented roster that is improving every single week. If you are looking for a true longshot, the Denver Broncos may be it.
Live Super Bowl Odds vs. Opening Lines
Here is how Super Bowl odds look for all 32 teams (sorted alphabetically) compared to the opening prices when 2024 Super Bowl odds became available. The odds displayed here are the longest odds available at the best NFL betting apps. So, you can click on the live odds below and know you’re getting the best possible odds for each of your Super Bowl bets.
|Green Bay Packers||+3100|
|Kansas City Chiefs||+600|
|Las Vegas Raiders||+4000|
|Los Angeles Chargers||+2000|
|Los Angeles Rams||+3000|
|New England Patriots||+5500|
|New Orleans Saints||+3500|
|New York Giants||+4000|
|New York Jets||+2500|
|San Francisco 49ers||+900|
|Tampa Bay Buccaneers||+7500|
**Opening odds were as of Feb. 13, 2023.
Where to Bet On Super Bowl Odds
Are you a new bettor who needs help making sense of the wide world of sports betting? That’s understandable — it can be pretty daunting. Which sportsbook app should you use? Is this welcome bonus best for you?
You can find answers to these questions, plus more, on the following pages:
- Is Super Bowl betting legal in your state?
- Where can I learn how to bet on Super Bowl odds?
- Which sportsbook should I choose? Check out our reviews of the best NFL betting apps.
- What are the best NFL betting promo codes for Super Bowl bets?
- How do sports betting odds work?
- Where can I calculate the implied probability to win my bets?
Our sports betting tools page also contains plenty of helpful information to help you with your Super Bowl bets this season.
How To Bet On Super Bowl Odds 2024
If you’re looking to bet on the Super Bowl this year, it’s a perfect time to take advantage of amazing limited-time welcome offers available at sportsbooks today. Add more than one sports betting app to your playbook so you can line shop for the most competitive Super Bowl odds.
Choose Your Online Sportsbook
Most US states with legal online sports betting put multiple mobile sports betting apps at your fingertips. The welcome bonuses, as well as the lines on the Super Bowl, differ from sportsbook to sportsbook.
Check out Gaming Today for comprehensive coverage of which online sportsbooks operate in your state. Once you’ve chosen a sportsbook, you’ll need to provide proof of age and identity to register for a new account.
Make Your First Deposit
Once your account details are verified by the sportsbook, you’re ready to deposit funds and start wagering on games like the Super Bowl.
Navigating to the cashier at your chosen sportsbook displays all of the different deposit options. Some of the most reliable deposit methods include PayPal, Play+, debit/credit cards, and ACH/eCheck.
Make Your First Bet
The Super Bowl’s most popular bets are almost for sure going to be featured prominently on any sportsbook’s main lobby. However, legal online sportsbooks offer myriad ways to bet on the Super Bowl. If you are looking for a more specific wager, such as a 1st quarter spread, you may have to search a bit. Remember, a lot of the welcome bonuses at sportsbooks are only for the first wager, so choose wisely!
If your Super Bowl bet cashes in, congratulations! Obviously, you can reinvest your winnings into other bets, but if you are ready to cash out, all sportsbooks will offer you several different options.
PayPal, ACH/eCheck, and Play+ represent some of the fastest ways to cash out when your Super Bowl wagers win.
How Super Bowl Odds Are Calculated
Point Spread Bets
US sportsbooks display the potential payout on a bet using American odds. American odds put a “+” or “-“ sign in front of the payout line on a given bet.
For Super Bowl 57, the point spread offered at DraftKings looked like this:
Team Point Spread and Payout Odds
Philadelphia Eagles -1.5 (-110)
Kansas City Chiefs +1.5 (-110)
Calculating Negative American Odds
The line on the Chiefs adds 1.5 points to the underdog Chiefs’ final score. If the Chiefs lose by a point or outright win the game, the bet pays out at -110 American odds. For the Eagles, they simply needed to win by at least 2 points for a similar payout at -110.
To calculate the -110 payout, divide 100 by 11o (without the minus sign) and multiply that quotient by the amount wagered. A $50 bet on the Chiefs, for example, would calculate as (100/110)*$50, which equals $45.45.
Therefore, a $50 winning bet on Kansas City would return $95.45 to the bettor ($45.45 profit plus the original $50 bet).
A moneyline bet takes the point spread out of the equation and tasks the bettor with simply picking the winner of the game straight up. The favorite and underdog odds almost always vary more in a moneyline bet versus a point spread bet.
The DraftKings moneyline on the 2023 Super Bowl looks like this:
|Kansas City Chiefs||+105|
Calculating Positive American Odds
To calculate the +105 moneyline odds on the Chiefs, divide 105 by 100 and multiply that quotient by the amount of the wager. A $50 winning moneyline bet on Kansas City would be calculated as (105/100)*$50, which comes out to $52.50.
Alternatively, you can simply move the decimal point over two places. For example, the +105 odds could also be expressed as 1.05. And 1.05 x $50 would be $52.50.
A $50 winning moneyline bet on the Chiefs will return $102.50 to the bettor ($52.50 profit plus the original $50 bet).
Super Bowl Odds History: Opening Odds for NFL Champs
The opening Super Bowl odds (usually posted immediately after the preceding Super Bowl) for the most recent winners were as follows:
- Super Bowl 57: Chiefs, +750
- Super Bowl 56: Rams, +2000
- Super Bowl 55: Buccaneers, +6000
- Super Bowl 54: Chiefs, +700
- Super Bowl 53: Patriots, +500
- Super Bowl 52: Eagles, +6000
- Super Bowl 51: Pats, +800
- Super Bowl 50: Broncos, +800
The Rams were coming off a 10-6 regular season record the year before they won, but their odds got shorter after the news broke that they were trading for veteran quarterback Matthew Stafford. With Jameis Winston at QB, the outlook was not favorable for the Buccaneers, but their odds got significantly shorter once they acquired Tom Brady.
Following a 7-9 season with a rookie (Carson Wentz) at quarterback (2016), no one expected much of the Philadelphia Eagles. The Eagles’ odds didn’t drop below +1000 until after they got off to a 5-1 start in 2017.
It is also worth noting that the Patriots were the only Super Bowl winners in the last seven that opened as the betting favorites.
Additional NFL Betting Markets
Want to bet on something other than the winner of Super Bowl 58? Consider one of these NFL futures markets:
- 2023 NFL MVP Odds
- 2023 NFL Offensive Rookie of the Year Odds
- NFL Coach of the Year Odds
- NFL Comeback Player of the Year Odds
- NFL Defensive Rookie of the Year Odds
- NFL Season Win Totals & Predictions
- Odds to Make 2024 NFL Playoffs
- Jalen Hurts Props, MVP Odds & Predictions
- New York Jets Player Prop Bets
- Kansas City Chiefs Player Prop Bets
- NFL Odds for 2023 Holiday Games
- NFL Odds for 2023 International Series
- 2024 NFL Draft Odds
- Daily Fantasy Football using an Underdog Fantasy Promo Code or a SuperDraft Fantasy Promo Code
Weekly NFL Odds
More Ways to Bet on Super Bowl 58
The point spread and moneyline are two of the most popular ways to bet on the Super Bowl once the matchup is known. Before Super Bowl 58 arrives, legal online sportsbooks will present hundreds of other ways to join the action as well.
Totals bets, also known as Over/Under, task the bettor with choosing whether the final score of the Big Game will finish Over or Under a given line. For Super Bowl 57, the total at DraftKings was set at 51 points. With the Chiefs rallying for a 38-35 win over the Eagles, the total combined score was 73 points. Thus, the Over wager cashed for bettors.
Super Bowl prop bets cover just about every aspect of the NFL championship game not directly related to the final score. These wagers offer markets on predicting the Super Bowl MVP, which player will score the first touchdown, and even whether any attempted field goal will hit the crossbar at some point in the game.
For Super Bowl 56, between the Rams and the Bengals, Caesars Sportsbook offered literally thousands of prop bets. Most of the wagers offered on the Caesars list still fell in the category of on-field prop bets, awarding sharp bettors for their research and wager selection.
Other kinds of prop bets, like exotic bets, offer fun betting markets largely based on luck and off-field events. These markets can include betting on which team wins the coin toss, the length of the National Anthem, the color of the Gatorade that will be dumped on the winning coach, and much more.
Parlays offer some of the most enticing action available at a sportsbook. Parlays combine multiple bets on one ticket, increasing the payout odds with each added bet. Higher risk means a much higher reward.
However, all bets (known as “legs”) on a parlay must win for the ticket to be a winner. Even one unsuccessful bet will make the whole parlay a loser. Sportsbooks will often offer parlay insurance for major events like the Super Bowl, where you get your bet back if only one of your parlay legs lose. You can expect similar offers for Super Bowl 58.
What Is an NFL Futures Bet?
An NFL futures bet is a wager on a long-term outcome that will be decided in the future. These include bets on winners of the Super Bowl, conference, or division, plus individual player awards, statistical leaders, and much more. Super Bowl futures bets can be placed at any time up until kickoff.
Immediately after the conclusion of the Super Bowl, sportsbooks begin offering futures odds on the next year’s champion. Other NFL futures markets include betting on NFL MVP odds, Offensive Rookie of the Year odds, and statistical leaders (i.e. odds to lead the league in rushing touchdowns).
Strategies For Super Bowl Betting
As with all NFL games, sharp bettors take advantage of any kind of edge they can find for bets on Super Bowl odds.
Research will pay off when it comes to picking the winner of Super Bowl 58, and that includes understanding injuries, draft picks, trades, weather, and even dissension in the locker room. Aside from those factors, skilled bettors also utilize the following strategies:
Some sportsbooks offer multiple lines and payout odds for the Super Bowl. Did you dislike the 1.5-point spread for Super Bowl 57? Depending on your sportsbook of choice, you could have gotten the Chiefs at -12.5 (+481 via DraftKings) or the Eagles at +12.5 (-820 via DraftKings). Alternate lines are available for several point spread options and the odds reflect the amount of risk you take.
Fading The Public
Sportsbooks cash in big when the majority of bets come in on one side and that team loses.
Fading the public tries to take advantage of the sportsbook’s inherent process of setting lines that produce the highest revenues for the house. To fade the public, simply bet against what the majority of the public is doing.
Middling involves placing a bet on one team, waiting for sportsbooks to move the line, and then betting on the other team. This strategy makes it possible to win on both the favorite and underdog sides of a bet.
Super Bowl 13, for example, featured the favored Pittsburgh Steelers opening at (-3.5) over the Dallas Cowboys. As the game approached, the line moved to a (-4.5) spread.
Bettors that took the Steelers (-3.5) and the Cowboys (+4.5) got paid big. Pittsburgh won the game 35-31, and the middling betting strategy played out to perfection for astute bettors.
Bet tracking simply means keeping track of your bets. You monitor which games you wagered on, which types of bets you made, and the result. Then you analyze your results for patterns. If betting on the Super Bowl is your very first foray into sports wagering, obviously this tip isn’t for you … yet. However, advanced bet tracking is essential once you’ve tried your hand at even a few wagers. Numbers are king, and sports gamblers — both novices and veterans alike — are guaranteed to improve their game with this simple hack.
Super Bowl Odds FAQ
The Philadelphia Eagles are the betting favorites to win Super Bowl 58 at Allegiant Stadium in Paradise, Nevada.
The Kansas City Chiefs are the betting favorites to win Super Bowl 58 after rallying to defeat the Philadelphia Eagles in Super Bowl 57. Oddsmakers at several sportsbooks set the Super Bowl odds, which are updated frequently and impacted by several factors, including public betting trends, player injuries, and team transactions.
If you are in a state with legal sports betting, you should either use a retail sportsbook or one of the trusted online sports betting sites. If you are not in a state with legal real-money sports betting, you can try Fliff Social Sportsbook. With Fliff, you use digital currency, but you can redeem winnings for cash prizes.
You should avoid illegal offshore sportsbooks. They have a reputation for not paying out fairly and for having poor digital security.
Several things. The most visible reward is the Lombardi Trophy. Each member of the winning team also receives $150,000 and a Super Bowl ring. Perhaps most importantly, teams have the pride of knowing that they are the best in their sport for that year.
An average ticket for the Super Bowl is about $5,500. But of course, actual amounts vary based on when you buy them and where the seat is located. Face value tickets can be found for around $1,000, but it is very difficult to find tickets anywhere besides the secondary market.
Well, this one is obviously up for debate. However, most people would list Patrick Mahomes, Joe Burrow, Josh Allen, and Jalen Hurts as the top options at quarterback in 2024.
Super Bowl odds are created by oddsmakers at various sportsbooks. In theory, the oddsmaker is trying to create a market where what they have to pay out to winners is less than what they take in. So, they use advanced statistics to create the best predictions they can on everything from the total number of points scored to passing yards by each quarterback to who will win the game and by how much.
Super Bowl 58 will take place on Sunday, February 11, 2024, at Allegiant Stadium in Paradise, Nevada. Kickoff will occur between 6:19 and 6:40 PM ET.