The NFL playoffs are finally here and an unprecedented six games are on tap for Wild Card Weekend. When it comes to odds on which team will hoist the Lombardi Trophy in February, it’s wide open at sportsbooks.
Sportsbooks Say Chiefs Have Highest Odds to Win the Super Bowl
When it comes to Super Bowl odds at the Best NFL Sites, the defending champion Kansas City Chiefs remain the +200 favorites to go back to back. The Green Bay Packers (+433), Buffalo Bills (+600), New Orleans Saints (+800) and Tampa Bay Buccaneers (+900) are also near the top of the list.
For more information on everything you need to know about wagering on the big game, head over to our Where to Bet on the Super Bowl page.
Odds for Each Team to Win the Super Bowl
|Team||Current Odds||Season-Opening Odds|
|Kansas City Chiefs||+200||+650|
|Green Bay Packers||+433||+2200|
|New Orleans Saints||+800||+1000|
|Tampa Bay Buccaneers||+900||+1200|
|Los Angeles Rams||+3300||+3300|
|Washington Football Team||+8000||+25000|
Odds as of January 8 at Bovada
Winners From Week 17
Buffalo Bills (+850 to +600)
What a way to make a statement in the final week of the regular season. The Bills blew the doors off the division-rival Dolphins in Week 17, earning their 13th win of the season in a 56-26 rout. In the process, the Bills knocked the Dolphins out of postseason contention.
Josh Allen and company look like a force to be reckoned with, and oddsmakers clearly agree. Buffalo’s Super Bowl price jumped from +850 to +600 – third-best on the oddsboard. Next up is a home date with the Colts in what should be a winnable contest for the Bills.
Washington Football Team (+10000 to +8000)
Who saw Washington making the playoffs at the beginning of the year? Not sportsbooks, that’s for sure. Bovada was dealing the team as a +25000 long shot to win the Super Bowl prior to Week 1.
Facing a must-win game against the Eagles on Sunday Night Football in order to secure the NFC East, Washington pulled off a 20-14 triumph thanks in part to some questionable fourth-quarter decisions from Philadelphia coach Doug Pederson.
Washington has its hands full to make a playoff run, but its defense is the real deal. The NFC East champs host Tom Brady and the Buccaneers on Wild Card Weekend and have the longest odds on the board, but they’re still winners this week just for getting into the playoffs.
Losers From Week 17
Los Angeles Rams (+2500 to +3300)
The Rams beat the Cardinals 18-7 in Week 17, so why are they in the losers column for the second week in a row? Because in the oddsmakers’ eyes, L.A. is clearly not a true Super Bowl contender.
Despite the win over the Cards, the Rams’ championship chances fell from +2500 to the current number of +3300. L.A. has a road clash with the division-rival Seahawks on Wild Card Weekend, but the biggest storyline of this game is the health of Rams starting quarterback Jared Goff.
Only 12 days removed from thumb surgery, Goff hasn’t been ruled out vs the Seahawks, but it’s likely going to be challenging for him to play. If he’s not able to suit up, John Wolford will take his place – a major downgrade.
Chicago Bears (+7000 to +8000)
The Bears needed one of two things to happen in Week 17 in order to secure a playoff berth: beat the Packers, or rely on the Rams to knock off the Cardinals. Chicago failed to get past Green Bay, but Los Angeles took care of business against Arizona to send the Bears to the postseason.
Chicago didn’t look like a playoff contender in a 35-16 loss to the top-seeded Packers in the NFC. Ahead of a Wild Card Weekend meeting with the Saints, Bears fans were hoping they’d draw a Saturday game.
Since Alvin Kamara was recently placed on the reserve/COVID-19 list, the star running back’s chances of playing seemed slim if the Saints were going to play on Saturday. Luckily for New Orleans, it’s setting up to collide with Chicago on Sunday, meaning Kamara has a much better chance to play.
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 bookmakers set the lines, they look at offseason roster moves, coaching changes and past on-field performance. To bet on the odds for the Super Bowl, you’d make a futures bet.
What is a Futures Bet for NFL?
This is a bet in which you would look at the odds for the Super Bowl, 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 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 odds (-). For futures, the team with the lowest odds is favored to win the Super Bowl 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 Odds Calculator will show you how much you’d win based on the odds and amount bet.
The 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 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 odds could jump to +400 and you’ll make less money than you would if you’d bet them at +900.