Super Bowl odds, and for that matter all things NFL betting, are so big that they can even grab headlines in April. The offseason has already seen significant free-agent splashes, most notably early on from the New England Patriots, along with speculation based on the NFL Draft, set for April 29-May 1.
But at BetMGM Nevada, it's the previous Super Bowl that seems to be most influencing bettors, as the seasons shift from winter to spring. Specifically, the defending Super Bowl champion Tampa Bay Buccaneers are creating liability behind the counter.
Here's a closer look at the current state of Super Bowl betting odds.
2022 Super Bowl odds: Can the Buccaneers repeat?
Early bettors certainly seem to think so, according to BetMGM Nevada's Scott Shelton. The Tampa Bay Buccaneers opened +1,200 after their big Super Bowl win over Kansas City and are the +800 second choice as of April 9.
"We're already a big loser to the Buccaneers. They're our biggest loser, and it's not even close," Shelton said of the position for BetMGM's books up and down Las Vegas Boulevard. "We took a $25,000 bet at +800 and a $50,000 bet at +900. Most of the damage is at 8/1 and 9/1. What's not to love, except for a quarterback who's gonna be 44? But he looked OK last season!"
|Team||Odds to win Super Bowl 56 (as of April 9)|
|Kansas City Chiefs||+450|
|Tampa Bay Buccaneers||+800|
|Green Bay Packers||+1,200|
|Los Angeles Rams||+1,200|
|San Francisco 49ers||+1,400|
|New Orleans Saints||+2,500|
|New England Patriots||+2,500|
|Los Angeles Chargers||+4,000|
|Las Vegas Raiders||+6,600|
|Washington Football Team||+6,600|
|New York Jets||+8,000|
|New York Giants||+10,000|
Odds courtesy BetMGM
Per usual, Patrick Mahomes and the Kansas City Chiefs are atop the Super Bowl odds board at BetMGM Nevada, now at +450 after opening +600 following their Super Bowl loss to the Buccaneers. Then there's Tampa Bay, followed by a pack of teams at +1,200: the Los Angeles Rams, Buffalo Bills, Baltimore Ravens and Green Bay Packers.
"We're a massive loser to the Bucs, a small loser to the Chiefs, a small loser to the Rams," Shelton said, pointing to the Rams' big offseason move, trading QB Jared Goff to Detroit for Matthew Stafford. "The Rams opened +2,000, got as low as +1,000 after the Stafford trade and are now +1,200. We took a $9,000 bet on the Rams +2,000, to win $180,000."
Shelton said BetMGM's Nevada shops are a "decent-sized loser" to the Las Vegas Raiders, largely due to hometown/regional bias. That said, the Raiders can still be had at +6,600.
"We're good to every other team. Among teams considered contenders, the Ravens are probably our best outcome," Shelton said, before moving on to the New Orleans Saints, whose longtime star QB Drew Brees retired. "The second-best outcome is the Saints. They dropped from +1,800 to +2,500. The Packers and Titans aren't far behind. The Colts are really good, the Dolphins really good."
The Colts are +2,000, the Dolphins +2,500 and the Titans +3,000.
The New York Jets' recent trade of QB Sam Darnold to the Carolina Panthers didn't do much to either team's prospects for next season. The Jets are +10,000 (100/1) and the Panthers +5,000.
Super Bowl betting line
The betting lines for the Super Bowl come out as soon as the AFC and NFC champs are determined and then take on a ton of money as the Super Bowl is the single most-bet game in the World.
The Chiefs opened as -3.5 favorites on the point spread in Super Bowl 55,+ but early money came in on Tampa Bay, pushing the line to -3, where it eventually closed. The Bucs went on to cover the spread with ease in their 31-9 victory.
The Over/Under total for Super Bowl LV opened at 57 but got bet down to 56 or even 55.5 at some betting sites by kickoff. The Under ended up hitting with 40 total points, as the two teams combined for just 13 second-half points.
The opening moneyline odds for Super Bowl 55 were Kansas City -180 and Tampa Bay +160. By kickoff, the odds had shifted towards Tampa Bay, with the Chiefs closing at -155 and the Buccaneers at +145. Tampa Bay, of course, won outright and therefore won on the moneyline.
Early line movement
Those looking for an inside edge when betting the Super Bowl might want to follow the early line moves. Sharp professional players are most often the first ones to bet the Big Game odds the second they hit the board, and they’ve been right more often than they’ve been wrong in recent years.
Over the last 14 Super Bowls, the early money has been on the right side on 11 occasions (with one game resulting in a push).
|Super Bowl||Teams||Opening Spread||Early Move||Closing Spread||Early Money ATS|
Chiefs vs Buccaneers
|Chiefs -3.5||Chiefs -3||Chiefs -3||
|54||Chiefs vs 49ers||Pick'em||Chiefs -1||Chiefs -1.5||(Chiefs) Win|
|53||Patriots vs. Rams||Patriots -1.5||Patriots -2||Patriots -2.5||(Patriots) Win|
|52||Patriots vs. Eagles||Patriots -5.5||Patriots -3.5||Patriots -4.5||(Eagles) Win|
|51||Patriots vs. Falcons||Patriots -3||Patriots -3 (-120)||Patriots -3||(Patriots) Win|
|50||Broncos vs. Panthers||Panthers -3.5||Panthers -4.5||Panthers -4.5||(Panthers) Loss|
|49||Patriots vs. Seahawks||Patriots -1||No move||Patriots -1||Draw|
|48||Broncos vs. Seahawks||Pick'em||Seahawks -1||Seahawks -1.5||(Seahawks) Win|
|47||49ers vs. Ravens||49ers -4||49ers -3.5||49ers -4.5||(Ravens) Win|
|46||Patriots vs. Giants||Patriots -3.5||Patriots -3||Patriots -3||(Giants) Win|
|45||Packers vs. Steelers||Packers -2||Packers -3||Packers -3||(Packers) Win|
|44||Colts vs. Saints||Colts -3.5||Colts -6||Colts -4.5||(Colts) Loss|
|43||Steelers vs. Cardinals||Steelers -6.5||Steelers -5.5||Steelers -6.5||(Cardinals) Win|
|42||Patriots vs. Giants||Patriots -13||Patriots -11.5||Patriots -11.5||(Giants) Win|
How to read Super Bowl 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:
- Tampa Bay Buccaneers +160
This means that on a $100 bet, you'll stand to win $160 should Brady win again. As Kansas City is the favorite, you will see a minus sign (-) ahead of its odds.
- Kansas City Chiefs -180
This means that if you wagered on the Chiefs at that price, you would need to bet $180 to profit $100 on Mahomes & Co. pulling off the repeat.
Of course, futures odds are a fluid market. They can change every day based on news, injuries, trades, 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.
Which betting site has the best odds on the Super Bowl?
When it comes to looking for odds on Super Bowl betting sites, you’ll notice that the price on futures can vary from sportsbook to sportsbook. That’s why it is crucial to do some line shopping, and our NFL futures odds tool can help with that. You don’t want to leave money on the table when making Super Bowl bets, or any kind of futures bets, for that matter.
Instant replay: Super Bowl odds
Everyone plays favorites, whether they care to admit it or not, and Super Bowl oddsmakers are no exception. We're now looking ahead to the 2022 season, where every team again has a chance to hoist the Vince Lombardi Trophy.
- The Kansas City Chiefs opened as favorites to win Super Bowl 56.
- The defending champion Tampa Bay Buccaneers have seen their odds shorten slightly since the opening number.
- Shop around: Our NFL futures odds tool can help you find the best odds.
Super Bowl Odds FAQs
Who is favored to win the 2021 Super Bowl?
The Kansas City Chiefs (+550) are favored to win the 2021 Super Bowl.
What are the odds on the Super Bowl?
The Kansas City Chiefs (+550) opened as the favorite to win Super Bowl 56.
What were the odds for the Super Bowl?
Kansas City was a -3 favorite over Tampa Bay for Super Bowl LV and the Over/Under total was 56.
What were the preseason Super Bowl odds?
The Kansas City Chiefs and the Baltimore Ravens were the two favorites to win Super Bowl 55 before the 2019-20 NFL season began.