The Super Bowl LV odds continue to shift during a turbulent NFL offseason. The Kansas City Chiefs and Baltimore Ravens are now at the top of the NFL odds board as co-favorites to win the Super Bowl, but after acquiring a big-name veteran quarterback, the New England Patriots are now back in the NFL Super Bowl odds mix.
Who Is The Favorite To Win Super Bowl LV?
The defending Super Bowl Champion Kansas City Chiefs had the sole position of the top spot on the Super Bowl odds board for most of the offseason but now have company.
Led by last year's NFL MVP Lamar Jackson, and with a defense bolstered by the addition of Calais Campbell, the Baltimore Ravens are now tied with the Chiefs at +600. The Ravens had the top regular-season record in the NFL last season, but were upset in their Divisional Round matchup with the Tennessee Titans.
In third place are last year's NFC champion, the San Francisco 49ers (+800), while the New Orleans Saints are fourth at +1,100 and the new-look Tampa Bay Buccaneers (with Tom Brady at the helm) are tied for fifth.
Who are the Bucs tied with? Well that would be the big mover in the latest odds update: Brady's old team, the New England Patriots. They made a splash by signing free-agent quarterback Cam Newton, and while his health (and effectiveness) are still somewhat in question, the thought of pairing former NFL MVP with legendary head coach Bill Belichick was enough to push the Pats from +2,000 to +1,400 alongside Brady and Tampa Bay.
Here are the Super Bowl LV odds for every team in the NFL as of June 29, 2020:
ODDS TO WIN SUPER BOWL LV:
|Team||Super Bowl LV Odds|
|Kansas City Chiefs||+600|
|San Francisco 49ers||+800|
|New Orleans Saints||+1,100|
|Tampa Bay Buccaneers||+1,400|
|New England Patriots||+1,400|
|Green Bay Packers||+2,500|
|Los Angeles Chargers||+2,800|
|Los Angeles Rams||+3,300|
|Las Vegas Raiders||+5,000|
|New York Jets||+6,600|
|New York Giants||+8,000|
Odds courtesy of bet365
Understanding NFL futures odds
Sportsbooks release NFL futures odds pretty much as soon the confetti is falling to mark the end of the previous football season. There are many ways to wager on NFL futures, but picking the outright winner of the Super Bowl is definitely the most popular. During the offseason and preseason, you'll be able to get a nice plus-money price on basically any team in the NFL as there is so much uncertainty around what will happen next year.
Super Bowl Futures odds will usually look like this:
- Kansas City Chiefs +600
This means that on a $100 bet, you'll stand to win $600 should Patrick Mahomes and company pull off the repeat. If it's close to the end of the season and there has been one very dominant team, you might see them with a minus sign (-) ahead of their odds.
- Baltimore Ravens -110
This means that if you wagered on Baltimore at that price, you would need to bet $110 to profit $100 on the Ravens winning the Super Bowl.
Of course, futures odds are a fluid market. They can change every day based on news, injuries, suspensions, etc. And they will certainly change based around big NFL events, such as free agency and the draft. For example, a devastating injury to a starting quarterback on any of the top teams in the league would likely cause them to plummet down the futures odds board.
All the odds seen above are in American format. Should you find decimal format or fractional format easier to read, simply convert the odds using our simple odds converter tool.
Where can I bet on NFL Super Bowl futures odds?
Pretty much any sportsbook in the world will offer Super Bowl futures as it is the most popular sport in North America to bet on. However, when choosing an online sportsbook, it's important to choose one that can be trusted, so check out our list of the top online sportsbooks in your region.
You'll also want to shop around a bit before placing a Super Bowl futures bet. It's not uncommon to find odds that could profit you a few extra dollars (or hundreds of dollars, depending on how much you wager) when comparing futures odds.