Super Bowl 58 Odds: Chiefs Still Favorites To Repeat

The 2023 NFL football season is well underway back. There have already been some breakouts and upsets, but through it all one constant: the Kansas City Chiefs remain clear Super Bowl favorites.

Below, we've got 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

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.

The obvious hole so far has been at receiver with neither of Kadarius Toney or Skyy Moore stepping into a bigger role like many anticipated. If the Chiefs can sort out the WR position, they should have another deep playoff run.

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 the Ravens have already had significant injuries to LT Ronnie Stanley, WR Odell Beckham Jr., C Tyler Linderbaum, and RB J.K. Dobbins (who is done for the year).

But, if most of the core pieces make come back soon and stay mostly healthy into playoff time, the Ravens are just as talented as the top three or four squads in the NFL. It's worth the betting risk at this price point.

Miami Dolphins

Similar to the Ravens, the Dolphins' biggest obstacle to success last year was health. In the 13 games Tua Tagovailoa played last year, the Dolphins went 8-5. He led the NFL in touchdown rate, yards per attempt, and Passer Rating. I think we're kind of sleeping on how real of an NFL MVP candidate Tua is, and how much a healthy season could do for Miami.

The Dolphins have already looked good in the opening weeks of 2023, and if they can stay healthy at key positions a Super Bowl run is in the cards.

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 gave Philly an injection on the defense and a trade for D'Andre Swift filled the hole at running back. Last year's Eagles were great, but this team, so far, looks like it may be even better.

Exact Super Bowl Matchup Odds

Odds as of September 18h, 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 candidated 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 Eagles vs. Chiefs is the most likely Super Bowl LVIII tilt, but it's by no means a certain outcome.

Super Bowl Exact Matchup Value Pick: Eagles vs. Bengals

Why not wager on Joe Burrow and the Bengals to spoil the Chiefs' rematch hopes?

Last year, the Bengals rattled off a 12-4 record, won two playoff games, and came just three points away from toppling the Chiefs in the AFC Championship Game. While the Bengals started the 2023 season 0-2, they did this exact same thing last year, and look how they finished?

As long as things don't get much worse for Burrow's leg, Cinci's playoff odds should not be knocked down this much for a minor injury. They were oh so close to the Super Bowl last year, and I see no reason why they can't get back to the big game in 2024.

Last 10 Super Bowl Champions

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

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.