Patrick Mahomes' Chiefs are favored in the Super Bowl 58 odds

Super Bowl 58 Odds: Chiefs Remain As Favorite Following Draft

As the NFL offseason chugs on, we inch closer and closer to the return of football.

For now, the Kansas City Chiefs will continue to celebrate their reign as Super Bowl victors while other teams prepare to snatch the crown next season.

Here’s a look at the latest Super Bowl 58 odds with some of our best bets and predictions for next year's champ:

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Who Is Favored To Win The 2023-2024 Super Bowl

Odds To Win NFL - Super Bowl LVIII 2023-24
Kansas City Chiefs+650
Philadelphia Eagles+800
Buffalo Bills+950
Cincinnati Bengals+950
San Francisco 49ers+1000
NY Jets+1400
Dallas Cowboys+1400
Baltimore Ravens+1800
Miami Dolphins+1800
LA Chargers+2500
Detroit Lions+2500
Jacksonville Jaguars+2500
Seattle Seahawks+2800
Cleveland Browns+4500
Minnesota Vikings+4500
Green Bay Packers+5000
New England Patriots+5000
New Orleans Saints+5000
NY Giants+5000
Denver Broncos+5500
Las Vegas Raiders+5500
Atlanta Falcons+6600
LA Rams+6600
Chicago Bears+6600
Carolina Panthers+6600
Pittsburgh Steelers+6600
Tennessee Titans+8000
Washington Commanders+8000
Indianapolis Colts+10000
Tampa Bay Buccaneers+10000
Houston Texans+10000
Arizona Cardinals+15000

Odds as of May 20th, 2023 09:07am EDT.

Why Are The Kansas City Chiefs Favored In Super Bowl 58?

With Patrick Mahomes in his prime, the Chiefs will find themselves atop these odds for the foreseeable future. KC's top-tier talent is undeniable, and probably the best in the league, with Mahomes pairing with TE Travis Kelce and studs like Chris Jones on defense.

But these aren't the same Chiefs from the last few years. Like with all Super Bowl winning squads, there have been some big losses in free agency. That said, with a QB like Mahomes and a coach like Andy Reid, KC can probably survive the losses of LT Orlando Brown Jr., OT Andrew Wylie, DL Khalen Saunders, S Juan Thornhill, and EDGE Frank Clark.

Super Bowl Odds: Best Value Bets

If you're just looking for the team most likely to win the Super Bowl, stick with the Chiefs. But if you're looking for value, there are certainly some contenders in the next tier who could take a big step forward in 2023-24:

Baltimore Ravens

By the end of last season, the Ravens were falling apart. They started Tyler Huntley at QB, Kenyan Drake at RB, and half their defensive backs were on the shelf. But, even with all those injuries, Baltimore still made the playoffs and took Cincinnati the distance.

If they stay healthy in 2023, the Ravens have a Super Bowl ceiling. That's certainly a big ask, as QB Lamar Jackson, WR Rashod Bateman, WR Odell Beckham Jr., LT Ronnie Stanley, and the entire running back room all have significant injury histories.

But if most of the core pieces make it through 17 games and into the playoffs, the Ravens are just as talented as the top three or four squads in the NFL. Worth the betting risk at this price point.

Jacksonville Jaguars

Under new coach Doug Pederson, the Jaguars improved by six wins from 2021-22 to 2022-23 and made the postseason for the first time with QB Trevor Lawrence. We can expect the offense under Lawrence to get even better next year, and the rest of the Jacksonville roster is young enough to anticipate improvement across the board.

The biggest benefit the Jags have is that their division is a bit of a disaster. They’ll be the clear faves to win the AFC South with the other three teams (Colts, Titans, and Texans) all entering or already in the midst of significant rebuilds. That division title should at least give the Jags a shot at a Super Bowl run, meaning they’re good value at these odds.

Super Bowl LVIII Odds Best Bet: Philadelphia Eagles

The Eagles got to the Super Bowl last year for a reason, posting the best regular-season record (tied with the Chiefs) and dominating on both sides of the ball all year long.

Though a few key free agents left in the summer, like Miles Sanders and C.J. Gardner-Johnson, the Eagles backfilled all their holes with an incredible showing at the 2023 NFL Draft.

First rounders DT Jalen Carter and EDGE Nolan Smith give Philly an injection on the defense and a trade for D'Andre Swift filled the hole at running back. Last year's Eagles squad was great, but this one might be even better.

Super Bowl LVIII Odds Fade Bet: New York Jets

I'm sorry Jets fans, but it's just not gonna happen. Sure, the defense is great, with Sauce Gardner, Quinnen Williams, and company holding opponents to the second-fewest points in the league last year.

But, I don't think Aaron Rodgers elevates this offense to Super Bowl status. Rodgers is 40-years-old and coming off his worst season since 2008. Last year he threw 26 touchdowns, 12 interceptions and had a lower QBR than Andy Dalton, Kenny Pickett and.... former Jets QB Mike White. It's probably an upgrade over Zach Wilson, but not a Super Bowl upgrade.

Last 10 Super Bowl Champions

Recent Super Bowl Champs and Preseason Odds
YearTeamPreseason OddsResult
2022 (57)Kansas City Chiefs+600Chiefs 38 - Eagles 35
2021 (56)Los Angeles Rams+1200Rams 23 - Bengals 20
2020 (55)Tampa Bay Buccaneers+1000Buccaneers 31 - Chiefs 9
2019 (54)Kansas City Chiefs+600Chiefs 31 - 49ers 20
2018 (53)New England Patriots+600Patriots 13 - Rams 3
2017 (52)Philadelphia Eagles+4000Eagles 41 - Patriots 33
2016 (51)New England Patriots+600Patriots 34 - Falcons 28
2015 (50)Denver Broncos+900Broncos 24 - Panthers 10
2014 (49)New England Patriots+650Patriots 28 - Seahawks 24
2013 (48)Seattle Seahawks+800Seahawks 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

Super Bowl Wins
TeamSuper Bowl WinsSuper Bowl AppearancesLast Win
New England Patriots6112018
Pittsburgh Steelers682008
San Francisco 49ers571994
Dallas Cowboys581995
Green Bay Packers452010
New York Giants452011
Las Vegas Raiders351983
Washington Commanders351991
Denver Broncos382015
Kansas City Chiefs352023
Baltimore Ravens222012
Tampa Bay Buccaneers222020
Indianapolis Colts242006
Miami Dolphins251973
New Orleans Saints112009
New York Jets111968
Chicago Bears121985
Philadelphia Eagles142017
Los Angeles Rams132021
Seattle Seahawks132013

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:

  • Buffalo Bills (four Super Bowl appearances)
  • Minnesota Vikings (4)
  • Atlanta Falcons (2)
  • Carolina Panthers (2)
  • Cincinnati Bengals (2)
  • Arizona Cardinals (1)
  • Tennessee Titans (1)
  • Los Angeles Chargers (1)
  • Cleveland Browns (0)
  • Detroit Lions (0)
  • Jacksonville Jaguars (0)
  • Houston Texans (0)

Super Bowl Betting Trends

  • 7 of the last 11 Super Bowls have been won by an AFC team
  • 12 of the last 15 Super Bowl winning QBs have been at least 27 at the time of their victory
  • No rookie QB has ever won the Super Bowl as a starter.
  • Cheap out at RB: The rushing leader of each of the last 10 Super Bowl Champs has made $2.5 million or less base salary
  • A quarterback has won Super Bowl MVP 14 of the last 22 years

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:

  • Kansas City Chiefs -300
  • New Orleans Saints +550
  • Green Bay Packers +900
  • Buffalo Bills +1000
  • Tampa Bay Buccaneers +1100

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.

Super Bowl Odds 2023 FAQ

What other options are there to bet on?

Other options to bet on for Super Bowl 58 include game props, the coin toss (heads or tails), the color of the Gatorade shower, national anthem props on the Star-Spangled Banner, halftime show props, exotic props, Most Valuable Player prop odds, player props and live or in-play Super Bowl betting.

What are the odds on the Super Bowl?

Oddsmakers listed the Kansas City Chiefs as betting favorites in the opening odds to win Super Bowl 58. The Chiefs won the Super Bowl in 2023, and opened the offseason as favorites to repeat as champions again in 2024.

Can I bet on Super Bowl futures?

Yes, you can bet on the Super Bowl and a potential winning team. You’re always going to have your top contenders, especially the teams that were really good the previous year like the Chiefs. Having said that, the lines are set with the consideration of offseason roster moves and coaching changes, as well as past performances on the field.

Where can I learn how to bet on the NFL Super Bowl?

The Super Bowl is one of the biggest sporting events in the world. But action on the NFL championship game can be a little overwhelming, especially if you’re new to betting on football. Our How to Bet on the Super Bowl page will help you learn all the ins and outs to getting money down on the biggest game of the season.