While some of the league’s top teams fall off, the Kansas City Chiefs remain in the top spot on the Super Bowl oddsboards, looking to repeat as NFL champions in 2024.
Below, we’ve got a look at the latest Super Bowl 58 odds with some of our best bets and sleeper predictions:
Who Is Favored To Win The 2023-2024 Super Bowl
|Kansas City Chiefs||+450|
|San Francisco 49ers||+450|
Odds as of November 20th, 2023 13:45pm EST.
Are We Heading For a Chiefs/Eagles Rematch?
The last few weeks have been messy for some of the NFL’s top teams. The Bills have struggled, the Bengals lost Joe Burrow for the entire season, and the 49ers have waffled back and forth. But, the two constants at the top of these Super Bowl odds remain: Philadelphia and Kansas City.
Neither Philly nor KC have played perfect football yet this season — the Eagles struggle to stop the pass and Kansas City’s offensive weapons have been quiet, beyond Travis Kelce. But, if the two 2023 Super Bowl finalists can round into form down the stretch, I wouldn’t bet against a rematch.
The same few teams have stayed at the top of the 2023-24 Super Bowl odds for most of the season. But, beyond that top tier there has been some significant movement lately:
Riser: Houston Texans
The Texans opened this NFL season with +20,000 odds to win the Super Bowl. Only the Cardinals had worse implied chances.
Almost three months later, they’ve chipped away at those odds, climbed the table, and now sit with a realistic shot to make the playoffs and the chance to dream on a deep run.
Sure this Houston team is still deeply flawed. But they’ve got an offense built around Offensive Rookie of the Year favorite CJ Stroud, a stable of young receivers, and dynamic playmakers like Derek Stingley and Will Anderson on defense. It may not all come together this year, but the future is bright in Houston.
Faller: Cincinnati Bengals
With the news of Joe Burrow’s season-ending wrist injury, the Bengals’ Super Bowl odds have tumbled. After a tough start to the season, the Bengals clawed back into contention and say with +1000 title odds (fifth in the NFL) prior to Week 10. After Burrow’s injury in Week 11, they’ve fallen all the way down to +12500 — and maybe dropping further.
Without their $300-million quarterback, the Bengals’ 2023-24 chances are basically toast. They’re especially screwed because of the strength of the AFC North. All three other teams (Steelers, Browns, Ravens) have winning records right now, and all three sit within the top-half of the league in Super Bowl odds.
AFC North Odds 🏈
Bengals +7500 pic.twitter.com/FaYMBAxdME
— Odds Shark (@OddsShark) November 19, 2023
Basically everything has gone right for the Ravens this year. After an offseason of getting healthy, coaching changes, and finally signing some real NFL receivers, Super Bowl hopes are high in Maryland.
The Ravens do have some bad losses to the Steelers, Colts, and Browns, but they’ve consistently flashed title upside. Just look to Baltimore’s 38-6 win over the Lions. They displayed the elite defense we know the Ravens always have, plus a dynamic new offense from OC Todd Monken.
With Burrow out of the picture for the rest of the season, Lamar Jackson has a chance to steal the AFC North crown and win some playoff games.
|Chiefs vs 49ers||+800|
|Chiefs vs Eagles||+900|
|Chiefs vs Lions||+1400|
|Chiefs vs Cowboys||+1400|
|Ravens vs 49ers||+1500|
|Ravens vs Eagles||+1500|
|Dolphins vs Eagles||+1700|
|Ravens vs Lions||+2500|
|Ravens s Cowboys||+2500|
|Dolphins vs Lions||+2500|
|Dolphins vs Cowboys||+2500|
|Jaguars vs 49ers||+3000|
Odds as of November 20th, 2023
It shouldn’t be all too surprising that the books see the 49ers, Eagles, and Chiefs as the most likely Super Bowl candidates this season. The three teams are right at the top of 2024 Super Bowl odds, with MVP candidates at key positions and solid starts to the season.
The thing is: chaos. Every season, a few teams we expect to dominate don’t even make the playoffs and a few expected bottom-feeders sneak into the postseason. Sure, maybe 49ers vs. Chiefs is the most likely Super Bowl LVIII tilt, but it’s by no means a certain outcome.
|2023 (57)||Kansas City Chiefs||+600||Chiefs 38 – Eagles 35|
|2022 (56)||Los Angeles Rams||+1200||Rams 23 – Bengals 20|
|2021 (55)||Tampa Bay Buccaneers||+1000||Buccaneers 31 – Chiefs 9|
|2020 (54)||Kansas City Chiefs||+600||Chiefs 31 – 49ers 20|
|2019 (53)||New England Patriots||+600||Patriots 13 – Rams 3|
|2018 (52)||Philadelphia Eagles||+4000||Eagles 41 – Patriots 33|
|2017 (51)||New England Patriots||+600||Patriots 34 – Falcons 28|
|2016 (50)||Denver Broncos||+900||Broncos 24 – Panthers 10|
|2015 (49)||New England Patriots||+650||Patriots 28 – Seahawks 24|
|2014 (48)||Seattle Seahawks||+800||Seahawks 43 – Broncos 8|
It’s no surprise that recent Super Bowl history has been dominated by Tom Brady. The star QB has won four of the last 10 Super Bowls (three with New England, one with Tampa Bay) and consistently led his squads deep into the playoffs.
The biggest recent Super Bowl underdog was the 2017 Eagles, who beat Brady’s Patriots in the final. They even did so after their No. 1 QB, Carson Wentz, went down with an injury late in the season. Backup Nick Foles took over under center and earned Super Bowl MVP honors to deliver great preseason odds value to Philly’s Super Bowl 52 bettors.
NFL Teams with the Most Super Bowls
|Team||Super Bowl Wins||Super Bowl Appearances||Last Win|
|New England Patriots||6||11||2018|
|San Francisco 49ers||5||7||1994|
|Green Bay Packers||4||5||2010|
|New York Giants||4||5||2011|
|Las Vegas Raiders||3||5||1983|
|Kansas City Chiefs||3||5||2023|
|Tampa Bay Buccaneers||2||2||2020|
|New Orleans Saints||1||1||2009|
|New York Jets||1||1||1968|
|Los Angeles Rams||1||3||2021|
The Steelers and Patriots dominate the history of the Super Bowl. They’ve appeared in 19 of the 57 Super Bowls, winning six each. There is some decent NFL parity, though, with 20 teams claiming a title all-time.
NFL Teams that have never won a Super Bowl
The 12 teams that have never won a Super Bowl are:
Super Bowl Betting Trends
How to Bet on Super Bowl 58
When it comes to betting on the NFL, odds are available before teams take their first regular-season snaps. You can even bet on a potential Super Bowl winner in August. Certain squads will always be contenders, especially if they won the previous year.
When sportsbooks set the lines, they look at offseason roster moves, coaching changes and past on-field performance. To bet on Super Bowl odds, you’d make a futures bet.
Where to bet on the Super Bowl
You can find updated Super Bowl 58 odds at most sportsbooks. If you’re looking for recommendations on how to choose the best book for you, head over to our NFL sites review page.
How To Read Super Bowl Futures Odds
A Super Bowl Futures bet is a wager in which you would look at the Super Bowl odds weeks or sometimes months in advance of the big game, and decide which team you think will win. Let’s say you want to make a futures bet today. At your sportsbook of choice, the Super Bowl odds might look something like this:
If this were a moneyline bet, you’d be able to see which team is the clear favorite because it would have a minus sign beside its moneyline odds (-). For Super Bowl futures, the team with the lowest Super Bowl odds is favored to win the NFL championship, and the rest are underdogs.
Let’s say you feel strongly about the Saints and believe they’re going to win it all. If you were to bet $100 on them and they did triumph, you’d get a payout of $650 – your original $100 is returned along with your winnings of $550. Our Super Bowl Odds Calculator will show you how much you’d win based on the odds and amount bet.
The Super Bowl odds change throughout the season as key players get injured, trades happen and coaches get fired. Line movements for NFL futures happen weekly, so if you see Super Bowl odds you like, it’s best to bet on them ASAP. The Packers may be +900 to win the Super Bowl in October but after a surge in November their Super Bowl odds could jump to +400 and you’ll make less money than you would if you’d bet them at +900.