Chiefs and Packers Lead the Way

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Updated: January 21, 2021

Super Bowl LV odds are heating up, with the Divisional Round complete and the road to the Super Bowl being paved. The top-seeded Green Bay Packers and Kansas City Chiefs both advanced and remain favorites to win the Super Bowl.

But who else are oddsmakers liking to possibly lift the Lombardi Trophy? Here are the updated odds to win the NFL Super Bowl, as of January 17.

Oddsmakers still favor the Chiefs

The defending Super Bowl Champion Kansas City Chiefs are, not surprisingly, the top dogs at +200. KC finished with the NFL’s best record at 14-2, and the second loss came in Week 17, when the Chiefs rested the majority of their starters. With Patrick Mahomes posting another stellar season, the road to the Super Bowl goes through Kansas City. The Chiefs held off Cleveland in the divisional round, but Mahomes suffered a concussion, though early indications are that he’ll play in the AFC Championship Game against Buffalo.

The Green Bay Packers finished atop the NFC at 13-3 and continue to have the second-best Super Bowl odds, while closing the gap, as they’re now +220. A resurgent Aaron Rodgers pilots arguably the NFL’s most dangerous offense, and he is the favorite to win this year’s MVP award. The Packers earned home field throughout the NFC playoffs, meaning the Tampa Bay Buccaneers have the unenviable task of going to the Frozen Tundra of Lambeau Field to try to knock off the Pack in the NFC Championship Game.

Third on the odds board are the surging Buffalo Bills (+325), who beat Baltimore in the divisional round, followed by aforementioned Tampa Bay in fourth (+450), which went on the road and knocked out New Orleans in the divisional round.

Current Super Bowl 55 Odds

Here are the current odds for the remaining playoff teams to win the Super Bowl in 2021. 

Odds courtesy of DraftKings Sportsbook

Super Bowl Odds Betting Action

UPDATE MONDAY, JAN. 18: While the Chiefs are still a slim favorite at DraftKings (see table above), that’s an honor Kansas City now has to share at PointsBet USA. Late Sunday night, after the divisional playoff round wrapped up, PointsBet actually had K.C. the +220 second choice, though the number moved a short time later to +210, matching Green Bay. And although the Chiefs opened almost exactly a year ago at +700 to win Super Bowl LV and have been at fairly short odds all season long, PointsBet USA’s Patrick Eichner said a Kansas City repeat would be the worst outcome for the book.

UPDATE SUNDAY, JAN. 17 (NOON ET): At DraftKings, the Chiefs remain the +200 favorite to win the Super Bowl as they ramp up for today’s divisional-round home game against the Browns. Kansas City is a 9.5-point chalk against Cleveland, so provided the Chiefs advance as expected, those odds will probably tighten once DraftKings updates tonight or Monday morning.

UPDATE SATURDAY, JAN. 16: After the first two divisional playoff games ended tonight, with the Packers and Ravens advancing, FanDuel went ahead and updated its Super Bowl futures. Kansas City remains the favorite at +200.

UPDATE MONDAY, JAN. 11: William Hill US posted the 2021 Super Bowl futures market even before the 2020 Super Bowl was played, on Jan. 20, 2020. Not surprisingly, the Chiefs opened as a +700 co-favorite, along with the 49ers and Ravens. Heading into a divisional-round clash with Cleveland, Kansas City is now +160 to repeat as Super Bowl champion. A Chiefs repeat would be fine with WillHill oddsmakers, even though Kansas City is the leader in tickets, taking 12 percent of all bets, and money, at 25 percent of all handle, more than twice the cash of any other team. “Chiefs and Packers are good. I’d sign up for either one of those,” director of trading Nick Bogdanovich said.

Shortly after the Chiefs’ Super Bowl win last February, BetMGM’s New Jersey hub opened the defending Super Bowl champions as +650 favorites to repeat. As the playoffs prepare to start, the AFC’s No. 1 seed is an even stronger favorite, with the Chiefs +240, and the betting splits back that up. Of all 32 teams in this market, Kansas City has the highest percentage of bets, at 11.5 percent, and highest percentage of money, at 21.9 percent, nearly double the next-closest team (Tampa Bay). While Kansas City’s volume certainly creates liability, the Chiefs aren’t the worst outcome for the book. Read on.

UPDATE MONDAY, JAN. 18: The Packers opened 18/1 last January at PointsBet USA, began the playoffs at +450 and moved to +400 after Wild Card Weekend. Now, in the wake of Saturday’s divisional playoff win over the Rams, Green Bay is the +210 co-favorite, joining the Chiefs. And PointsBet USA’s Patrick Eichner said the Lombardi Trophy landing in Green Bay would be a good result for the book.

UPDATE SUNDAY, JAN 17 (NOON ET): Green Bay remains the second choice at DraftKings, but with the Packers having already advanced to the NFC Championship Game, they closed in on the Chiefs atop the odds board. Last week, DK had the Pack at +375 and the Chiefs +200; now, Green Bay is +250, with K.C. still +200 pending its outcome today against Cleveland.

UPDATE SATURDAY, JAN. 16: After knocking off the Rams today, the Packers remained the second choice to win the Super Bowl at FanDuel, but at +260 crept a little closer to the Chiefs (+200). However, that gap will almost certainly increase should Kansas City take care of business Sunday as 10-point favorites against Cleveland.

UPDATE MONDAY, JAN. 11: As William Hill US’s Nick Bogdanovich noted above, a Green Bay Super Bowl win would be just fine with his shop. Last week, the Packers were the +500 second choice behind the Chiefs, and with ostensibly half the playoff field eliminated and Green Bay set to host the Rams, the Pack is now a +350 second choice. Green Bay, which opened +1,500 last January, is taking 11 percent of Super Bowl futures tickets and 10 percent of Super Bowl futures money.

This was a big mover, so bettors who jumped on the Green Bay bandwagon early have to like their position. BetMGM New Jersey opened the Packers +3,500, and NFC No. 1 seed Green Bay is now the +550 second choice, sitting second in ticket count and fourth in money wagered.

UPDATE MONDAY, JAN. 18: The Bills opened +3,000 at PointsBet USA, but an 8-0 SU run (7-1 ATS) has Buffalo in the AFC Championship Game and sitting at +330 to win the Super Bowl. And although bettors could’ve gotten Buffalo for a pretty good number months ago, PointsBet USA would have no issue with the Bills swimming through confetti on Feb. 7. “We’d like the Bills, then the Packers,” PointsBet’s Patrick Eichner said.

UPDATE SUNDAY, JAN. 17 (NOON ET): In the wake of Saturday night’s divisional win over the Ravens, the Bills jumped from +600 to +350 at DraftKings, though that still makes them the third choice, behind the Chiefs and Packers.

UPDATE SATURDAY, JAN. 16: After the Bills dispatched the Ravens tonight in the AFC Divisional Round, FanDuel pegged Buffalo the +350 third choice win the Super Bowl.

UPDATE MONDAY, JAN. 11: William Hill US had Buffalo as the third choice in Super Bowl futures entering Wild Card Weekend, at +550, and the Bills remain in that spot and with the exact same odds after their victory over Indianapolis. But the Bills’ Super Bowl futures trek began a year ago at odds of +3,000, so there’s some liability there, with Buffalo taking 8 percent of all Super Bowl futures tickets and 7 percent of the money. “We don’t do very well with the Bills. We have a lot of money on Buffalo,” WillHill’s Nick Bogdanovich said.

The Bills opened +2,500 at BetMGM New Jersey and are now +750, taking 7.4 percent of all Super Bowl tickets and 5.6 percent of Super Bowl money.

UPDATE MONDAY, JAN. 18: Among the four remaining teams, the Buccaneers had the longest Super Bowl odds when PointsBet USA posted these numbers last January. Tampa Bay opened +5,000, but the offseason acquisition of Tom Brady obviously made a huge difference, and the Bucs have been in the top tier on the odds board throughout the season. The Buccaneers were +1,000 to open the playoffs, +800 after a wild-card win at Washington and are now +425 after Sunday’s 30-20 road win over the Saints. PointsBet USA is not rooting for the Bucs. “The Chiefs are the worst for us, but the Bucs are still bad. Both are pretty bad.”

UPDATE SUNDAY, JAN. 17 (NOON ET): Like the Saints, the Buccaneers also saw their Super Bowl championship odds stretch slightly at DraftKings, from +900 to +1,000. If the Bucs pull off a modest upset today in New Orleans, a trip to chilly Green Bay awaits.

UPDATE SATURDAY, JAN. 16: With half of the divisional playoff games done, and Tampa Bay prepping for Sunday’s clash against New Orleans, FanDuel has the Buccaneers at +1,000. That’s fifth among the remaining six teams.

UPDATE MONDAY, JAN. 11: Name any sportsbook, and you’re all but certain to hear a similar refrain: The Bucs are a very bad outcome for the book. Tampa Bay opened +5,000 at William Hill US last January, acquired Tom Brady in the offseason and entered Wild Card Weekend at +1,200 to win Super Bowl LV. And one bettor has a $40,000 wager on Tampa Bay +1,200 that would net $480,000 should the Bucs win the Super Bowl, the largest payout of any remaining Super Bowl futures wager at WillHill. Tampa Bay is now +800. “The Buccaneers winning the Super Bowl would 100 percent be the worst-case scenario for us,” William Hill US director of trading Nick Bogdanovich said. “We’re in pretty good shape with most of the teams, but the Bucs are a big loser.” Tampa Bay is taking 11 percent of tickets, tied for second with Green Bay, and 11 percent of money, second only to Kansas City.

This is the trouble spot for many sportsbooks, including BetMGM New Jersey. The Buccaneers opened +1,600 and made a jump, albeit not huge, to +1,100. But with the additions of quarterback Tom Brady and tight end Rob Gronkowski, among others, bettors piled on the Bucs. Tampa Bay is taking the fourth-most tickets (7.5 percent) and is second in money (12.3 percent), behind only Kansas City. With odds significantly longer than the Chiefs, Tampa Bay’s liability is sizable. “The worst outcome for the book would be the Buccaneers winning,” BetMGM VP of trading Jason Scott said. “We have twice as much liability on Tampa as any other team in the playoffs.”

 

How to Read Super Bowl Odds

Sportsbooks release NFL futures odds pretty much as soon the confetti is falling to mark the end of the previous football season. There are many ways to wager on NFL futures, but picking the outright winner of the Super Bowl is definitely the most popular. During the offseason and preseason, you’ll be able to get a nice plus-money price on basically any team in the NFL, as there is so much uncertainty around what will happen next year.

Super Bowl Futures odds will usually look like this:

This means that on a $100 bet, you’ll stand to win $225 should Mahomes & Co. pull off the repeat. If it’s close to the end of the season and there has been one very dominant team, you might see teams with a minus sign (-) ahead of their odds. 

This means that if you wagered on Baltimore at that price, you would need to bet $110 to profit $100 on the Ravens winning the Super Bowl.

Of course, futures odds are a fluid market. They can change every day based on news, injuries, suspensions, etc. And they will certainly change based around big NFL events, such as free agency and the draft. For example, a devastating injury to a starting quarterback on any of the top teams in the league would likely cause them to plummet down the futures odds board.

All the odds seen above are in American format. Should you find decimal format or fractional format easier to read, simply convert the odds using our simple odds converter tool.

Super Bowl Spread

The official Super Bowl point spread will be released following the completion of the AFC and NFC Championship Games, currently slated for January 24. 

Some books, such as Coolbet Sportsbook in Canada (not available in the US) are currently offering early lines on AFC vs. NFC, with the AFC installed at -2.5. 

The point spread for Super Bowl 54 closed at Kansas City Chiefs -1.5, which they covered in winning 31-20 over the San Francisco 49ers.

Super Bowl Over/Under

Much like the point spread, Super Bowl Over/Under betting numbers will be released after the AFC and NFC champions are determined. 

Coolbet is also among the books offering an early market for this prop, which is currently at a total of 54.5, priced at -109 both ways.

This is similar to Super Bowl 54’s total of 53, which narrowly hit the Under with 51 points scored. 

Super Bowl Moneyline

While the official Super Bowl moneyline markets won’t go live until the game’s participants are set, Coolbet is again offering an early market of AFC -128/NFC +110.

Super Bowl 54’s moneyline closed at Chiefs -125/49ers +105. 

Which Betting Site has the Best Odds on the Super Bowl?

When it comes to looking for odds on Super Bowl betting sites, you’ll notice that the price on futures can vary from sportsbook to sportsbook. That’s why it is crucial to do some line shopping, and our NFL futures odds tool can help with that. You don’t want to leave money on the table when making Super Bowl bets, or any kind of futures bets, for that matter.

Find more great betting strategies in our How to Bet section and join the conversation with thousands of serious football bettors in our NFL Betting Forum.

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