- Super Bowl odds at BetMGM currently price the 49ers as +210 favorites.
- Baltimore (+350) is now the AFC favorite ahead of Super Bowl LVIII.
- The Chiefs and Eagles are now +900 and +1100, respectively.
All year long, the BetMGM online sportsbook offers the most popular market for NFL odds: Super Bowl odds.
Super Bowl LVIII is scheduled for February, when the champion of the 2023 NFL season will be crowned.
Who Has the Best Odds To Win the Super Bowl?
According to the current betting odds at BetMGM, the San Francisco 49ers are +210 favorites to win this season’s Super Bowl LVIII.
NFL Odds for Super Bowl LVIII
| NFL Team | Current Odds | Opening Odds |
|---|---|---|
| San Francisco 49ers | +210 | +900 |
| Baltimore Ravens | +350 | +1800 |
| Buffalo Bills | +800 | +900 |
| Dallas Cowboys | +800 | +1400 |
| Kansas City Chiefs | +900 | +600 |
| Philadelphia Eagles | +1100 | +900 |
| Miami Dolphins | +1300 | +3000 |
| Detroit Lions | +2000 | +2500 |
| Jacksonville Jaguars | +3500 | +2500 |
| Cleveland Browns | +3500 | +4000 |
| Los Angeles Rams | +6600 | +3000 |
| Indianapolis Colts | +10000 | +15000 |
| Houston Texans | +10000 | +25000 |
| Tampa Bay Buccaneers | +15000 | +8000 |
| Green Bay Packers | +15000 | +2500 |
| New Orleans Saints | +20000 | +3000 |
| Seattle Seahawks | +20000 | +6600 |
| Pittsburgh Steelers | +25000 | +5000 |
| Atlanta Falcons | +75000 | +8000 |
| Minnesota Vikings | +100000 | +4000 |
Super Bowl 2024 Date: When Is the Super Bowl?
Super Bowl LVIII will be played on Sunday, Feb. 11, 2024.
NFL Super Bowl Odds: Revenge of the 49ers
The Eagles were the clear team of November, as Philadelphia scored wins over the Cowboys, Chiefs, and Bills. They rose to the top of the table and were +400 at BetMGM on Dec. 1.
But San Francisco abruptly ended the party in Week 13, dumping the Eagles in Philly 42-19 and laying claim to favorite status in the warming Super Bowl odds market. It’s been several weeks since any team has had the separation at the top that the 49ers currently do.
Even after the Ravens’ Week 16 victory over San Francisco, the Niners remain a clear betting favorite in BetMGM’s Super Bowl odds market. That says a lot about San Francisco’s staying power.
At BetMGM, the 49ers now account for 17.7% of the overall Super Bowl odds handle, as of Jan. 2 – far more than any other team. (The Bills are second with 10.2%.)
Super Bowl Odds: Preseason Contenders Are in Trouble
Back in the offseason, the NFL consensus was clear. The AFC was a vastly superior conference, and the Chiefs, Bengals, and Bills were all top favorites to compete for the Super Bowl.
Yeah … about that.
The Bills are fighting an uphill playoff battle with several key defensive injuries and even more turnovers.
The Bengals lost quarterback Joe Burrow for the year.
The Chiefs have no reliable wide receivers and have fallen behind Baltimore and Miami in the standings.
Bettors are reeling from three different seasons that have ranged anywhere from underwhelming to disastrous.
There’s also the Jets, who were a preseason darling that attracted thousands of bets until Aaron Rodgers tore his Achilles in the opening moments of the season. They were officially eliminated from playoff contention in Week 15. The Bengals followed soon after.
As of Jan. 2, here’s what the AFC Championship market looks like at BetMGM:
- Kansas City Chiefs: 12% of bets and 10.8% of market handle
- Cincinnati Bengals: 11.7% of bets and 9.6% of market handle
- New York Jets: 8.1% of bets and 7.4% of market handle
- Buffalo Bills: 10.9% of bets and 22.1% of market handle
The beneficiaries are teams like Miami and Baltimore, which have surged up the Super Bowl odds table.
Ravens Control AFC Despite Tough Division
It’s common in sports to watch good teams capitalize on easy schedules and secure strong playoff positioning. This is a trend we’ve seen repeatedly in sports with unbalanced schedules, like the NFL or college football.
That’s not the case for the Baltimore Ravens, who have inside positioning for the AFC in both the standings and the Super Bowl odds table.
Baltimore – now down to +140 to win the AFC after its Week 17 thrashing of Miami – has thrived in spite of playing in the rugged AFC North, where all four teams played most of the season in contention for playoff berths.
After the Week 17 results, Cleveland is the No. 5 seed, and Pittsburgh is still in the hunt for a Wild Card bid.
Cincinnati (8-8) is 0-5 against divisional opponents but 8-3 against all other teams.
Bettors have only just begun to take notice of Baltimore, with only 6.1% of all Super Bowl tickets (and just 10% of all AFC Champion tickets) backing the Ravens.
Dallas Cowboys Odds to Win Super Bowl
The Cowboys are currently +800 to win the Super Bowl this season, and there may not be a more frustrating, perplexing team to handicap.
Let’s start with the good. Dallas is absolutely elite at certain aspects of the game that traditionally correlate to success in the playoffs. Even with Cowboys corner Trevon Diggs lost for the year, the defense remains very good. Micah Parsons is a DPOY-caliber player. PFF ranks Dallas fifth in defense, which includes a No. 2 pass rush and a No. 2 tackling grade.
There’s also the Brandon Aubrey kicking edge, which could be incredibly valuable in the playoffs.
On the other hand, there is the Dallas offense, which has spawned an amusingly predictable run of bad endings in the Dak Prescott-Mike McCarthy era of Cowboys playoff games.
Most teams who make the playoff eventually lose. But no team seems to lose with the theatricality and stupidity, year after year, of the Dallas Cowboys.
But for what it’s worth, PFF ranks the Cowboys as the No. 4 team overall – the second-best NFC team, behind only San Francisco.
Build an NFL Parlay at BetMGM
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