Super Bowl odds: Chiefs still favored to repeat

Nov 17, 2020 |
By: Covers Staff
Super Bowl odds: Chiefs still favored to repeat
After a bye in Week 10, the 8-1 Kansas City Chiefs are still Super Bowl LV favorites at +350.
Photo By - USA TODAY Sports
After a bye in Week 10, the 8-1 Kansas City Chiefs are still Super Bowl LV favorites at +350.
Photo By - USA TODAY Sports

The Super Bowl LV odds continue to shift as we have now completed 10 weeks of the 2020 regular season. While there have been some surprising teams near the top of the standings, it's no shock to see the Kansas City Chiefs among the NFL's elite — and they are the current betting favorites to win the Super Bowl.

But who else are oddsmakers liking to possibly lift the Lombardi Trophy? Here are the updated odds to win the NFL Super Bowl, as of November 17.

Who Is The Favorite To Win Super Bowl LV?

The defending Super Bowl Champion Kansas City Chiefs are, not surprisingly, the top dogs at +350. KC took their first L of the season in Week 5, 40-32 to the Las Vegas Raiders, but bounced back by beating the Bills, then absolutely drubbing the Broncos and Jets, before a narrow victory over the Panthers in Week 9. 

Usurping the Baltimore Ravens for second place (+550) are the still-undefeated Pittsburgh Steelers, who toppled Baltimore 28-24 in a highly-touted Week 8 matchup. Pittsburgh's D has been stellar this season, with Ben Roethlisberger quietly mounting momentum as a dark-horse MVP candidate

Drew Brees and the New Orleans Saints are next up (+650) after they completely dismantled the formerly-third Tampa Bay Buccaneers 38-3 on Week 9's Sunday Night Football. They followed that up with a decisive win against the battered reigning NFC champs, the San Francisco 49ers.

Meanwhile, the Green Bay Packers rebounded slightly to No. 4 at +900, gaining some momentum with back-to-back wins after a disappointing loss to division rival Minnesota.

And tied with the Packers at +900 are the aforementioned Buccaneers, who saw their odds dip after their demoralizing loss to the Saints, but rebounded to crush the Panthers in Week 10. 

Odds to Win Super Bowl LV

Team Super Bowl LV Odds (as of Nov 17)
Kansas City Chiefs +350
Pittsburgh Steelers +550
New Orleans Saints +650
Green Bay Packers +900
Tampa Bay Buccaneers +900
Baltimore Ravens +1,000
Seattle Seahawks +1,600
Los Angeles Rams +1,800
Arizona Cardinals +2,200
Buffalo Bills +2,200
Indianapolis Colts +2,500
Tennessee Titans +3,000
Miami Dolphins +4,000
Cleveland Browns +5,000
Las Vegas Raiders +5,000
Philadelphia Eagles +6,000
New England Patriots +7,000
Chicago Bears +8,000
Minnesota Vikings +8,000
San Francisco 49ers +10,000
Dallas Cowboys +15,000
Detroit Lions +15,000
New York Giants +15,000
Atlanta Falcons +20,000
Carolina Panthers +27,500
Denver Broncos +45,000
Houston Texans +45,000
Los Angeles Chargers +45,000
Cincinnati Bengals +100,000
Washington Football Team +100,000
Jacksonville Jaguars +150,000
New York Jets +250,000

Odds courtesy of DraftKings Sportsbook

 

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 +325

This means that on a $100 bet, you'll stand to win $325 should Mahomes & Co. 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.

Find more great betting strategies in our How to Bet section and join the conversation with thousands of serious football bettors in our NFL Betting Forum.

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