Maybe no team has looked better in the first two weeks of the NFL regular season than the Green Bay Packers, and bettors and oddsmakers are certainly taking notice.
Key Takeaways
- The Packers sit behind only the Bills and Ravens in Super Bowl winner odds.
- Green Bay is the favorite to win the NFC, ahead of the Eagles.
- Quarterback Jordan Love has risen quickly in MVP markets.
The NFC North squad is 2-0 (and 2-0 against the spread), with wins over the Lions and Commanders. That shot the Packers to third on BetMGM’s Super Bowl winner odds list, behind the Bills (+500) and Ravens (+550). Green Bay is also now the favorite to win the NFC at +325, pushing ahead of the defending champion Philadelphia Eagles.
“The Packers have looked like one of the best teams in football after impressive wins against two playoff teams from last year,” BetMGM senior trading manager Christian Cipollini said Tuesday morning. “Green Bay has quickly moved from +2,000 to +650 to win the Super Bowl. Since Week 1, 29% of the money (most) is on the Cheeseheads to lift the Lombardi Trophy.”
Road to third
Super Bowl odds opened in February, and Green Bay eventually moved to as long as +2,500 over the summer. Those odds shortened to +1,200 after the Packers traded for former Cowboys linebacker and All-Pro Micah Parsons a week before the start of the season.
Green Bay moved to +900 after easily handling the Lions 27-13. After keeping Jayden Daniels and Washington in control with a 27-18 victory Thursday night last week, the Packers kick off Week 3 at +650.
Overall, Green Bay has seen 9.6% of the handle and 5.9% of the bets in the Super Bowl winner market at BetMGM. The Packers are also getting the second-most tickets and money behind the Lions to win the NFC.
More movement
Following Thursday’s win, ESPN BET moved the Packers to +650. Heading into Week 3, they’re +550 and ahead of the Eagles, Chiefs, and Chargers. The online operator also has the Packers at +275 to represent the NFC in the Super Bowl.
Green Bay quarterback Jordan Love has made a “Lambeau Leap” in the MVP market after the Thursday win, going from tied for fifth at +1,200 to third with odds of +850. He’s only behind Josh Allen and Lamar Jackson.
The Packers opened as touchdown favorites over the Cleveland Browns in Week 3, but the line has shot up to -8.5 at DraftKings, which has seen 72% of the bets come in on Green Bay. However, 53% of the early money is backing the Browns, while 86% of the moneyline is on the Packers.
Unfortunate fall
While the Packers’ odds are surging, the Cincinnati Bengals are going in the opposite direction following the toe injury to quarterback Joe Burrow, who’s expected to miss at least three months.
Heading into the Week 2 game against the Jaguars, the Bengals were +2,000 in BetMGM’s Super Bowl winner market. With Burrow out, their odds have plummeted to +6,600. In the AFC winner market, Cincinnati has gone from +1,100 to +3,000, and from +275 to +650 to win the AFC North.
Meanwhile, Burrow’s MVP odds went from third best at +750 to off the board at BetMGM. He was the most-bet player in that market before the injury.
