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:
Who Is Favored To Win The 2023-2024 Super Bowl
|Kansas City Chiefs||+650|
|San Francisco 49ers||+1000|
|Green Bay Packers||+5000|
|New England Patriots||+5000|
|New Orleans Saints||+5000|
|Las Vegas Raiders||+5500|
|Tampa Bay Buccaneers||+10000|
Odds as of July 3rd, 2023 03:51am 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:
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.
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 were great, but this team might be even better.
Super Bowl LVIII Odds Fade: 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.
Exact Super Bowl Matchup Odds
|Eagles vs Chiefs||+1900|
|49ers vs Chiefs||+2200|
|Eagles vs Bills||+2500|
|Eagles vs Bengals||+2600|
|49ers vs Bills||+2800|
|49ers vs Bengals||+2800|
|Cowboys vs Chiefs||+3700|
|Eagles vs Dolphins||+3700|
|Lions vs Chiefs||+4100|
|Eagles vs Ravens||+4500|
|49ers vs Dolphins||+4500|
|49ers vs Jets||+4500|
Odds as of July 5th, 2023
It shouldn’t be all too surprising that the books see a Chiefs vs Eagles rematch as the most likely outcome this season. The two teams are one and two in 2024 Super Bowl odds, both squads still have their MVP candidate QBs, and they both made some shrewd additions in the offseason.
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 lost some talent (like Jessie Bates III and Vonn Bell on defense), they invested in talent around Burrow, signing TE Irv Smith Jr. and Orlando Brown Jr. to play LT.
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
|2022 (57)||Kansas City Chiefs||+600||Chiefs 38 – Eagles 35|
|2021 (56)||Los Angeles Rams||+1200||Rams 23 – Bengals 20|
|2020 (55)||Tampa Bay Buccaneers||+1000||Buccaneers 31 – Chiefs 9|
|2019 (54)||Kansas City Chiefs||+600||Chiefs 31 – 49ers 20|
|2018 (53)||New England Patriots||+600||Patriots 13 – Rams 3|
|2017 (52)||Philadelphia Eagles||+4000||Eagles 41 – Patriots 33|
|2016 (51)||New England Patriots||+600||Patriots 34 – Falcons 28|
|2015 (50)||Denver Broncos||+900||Broncos 24 – Panthers 10|
|2014 (49)||New England Patriots||+650||Patriots 28 – Seahawks 24|
|2013 (48)||Seattle Seahawks||+800||Seahawks 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
|Team||Super Bowl Wins||Super Bowl Appearances||Last Win|
|New England Patriots||6||11||2018|
|San Francisco 49ers||5||7||1994|
|Green Bay Packers||4||5||2010|
|New York Giants||4||5||2011|
|Las Vegas Raiders||3||5||1983|
|Kansas City Chiefs||3||5||2023|
|Tampa Bay Buccaneers||2||2||2020|
|New Orleans Saints||1||1||2009|
|New York Jets||1||1||1968|
|Los Angeles Rams||1||3||2021|
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.