Super Bowl NFL Betting for 2023-24: Odds, Predictions, Futures & Favorites

The NFL season is one of the busiest times of the year for sports fans, and everything builds toward the Super Bowl. In this article, we broke down the latest Super Bowl odds for 2023-24 so that you can place multiple Super Bowl futures ahead of the big game. We scoured multiple sportsbooks to determine what are the odds for the Super Bowl winner in 2023-24.

Keep reading to learn more about the Super Bowl betting odds this season, and if you’re ready to bet on any markets related to Super Bowl 57 betting odds, click on any of the links or banners in this article to create your own sports betting account at a top-tier sportsbook such as DraftKings, FanDuel, BetMGM, Caesars and Bet365. That way, you can bet on any team’s odds to win Super Bowl 2023-24.

🔮 Super Bowl Odds & Futures for 2023-24

Check out the table below to see the latest NFL Super Bowl odds for this season at . Super Bowl winner odds may vary slightly depending on the sportsbook you join, but if you become a DraftKings member 👥 you can bet on your favorite team’s odds to win Super Bowl 2023-24 and earn a $200 sign-up bonus as a new DraftKings user.

All you have to do is join DraftKings, deposit $5+ and risk $5 on any Super Bowl futures to unlock your bonus. Here are the latest Super Bowl odds in 2023-24 at DraftKings:

Remember, you can bet on your favorite team’s odds to win Super Bowl LVII if you create a new DraftKings account before the season starts. The odds of winning the Super Bowl will change throughout the season, so if you like an NFL team's odds now, activate your new account today.

Betting on the 2023-24 Super Bowl

It's important to note that multiple sportsbooks are available when betting on a team’s odds to win Super Bowl 2023-24. Each sportsbook may have slightly different Super Bowl LVIII odds for the outright winner, which lets you find the best NFL Super Bowl odds. This is why having accounts with multiple sportsbooks is necessary for betting on the NFL Super Bowl odds.

By having accounts with different sportsbooks, you can compare the odds offered and select the most favorable ones. This allows you to maximize your potential profits for Super Bowl betting or minimize potential losses. It's worth noting that odds can vary due to factors such as the sportsbook's analysis, the betting trends of their users and the overall market conditions.

Moreover, many sportsbooks offer welcome offers or sign-up bonuses to attract new customers for Super Bowl betting. Here are a few welcome bonuses you can claim before picking a team based on their Super Bowl odds.

🥇 Super Bowl Favorites for 2023-24

We already broke down every team’s Super Bowl LVIII odds in the table above, but now, we'll summarize the various Super Bowl favorites entering this season. It’s a similar picture as last season, as the Kansas City Chiefs, Philadelphia Eagles, Buffalo Bills and San Francisco 49ers are currently leading the pack in terms of Super Bowl LVIII odds.

Kansas City Chiefs Super Bowl Betting Odds (+100 at DraftKings)

A common theme for the various Super Bowl betting favorites is quarterback play, and there is no one better in the NFL than Chiefs QB Patrick Mahomes. The Super Bowl MVP threw for 4,839 yards and 37 touchdowns last season, and he’ll show no signs of slowing down this year. Mahomes’ main target, tight end Travis Kelce, is still in the mix, and the Chiefs selected WR Rashee Rice with a second-round pick in the NFL Draft.

KC’s defense was the difference in their Super Bowl run last year, and their only notable loss on that side of the ball was defensive end Frank Clark. Although the defense will still be tested in the playoffs, the Chiefs have all the tools to pull off another playoff run, so their latest Super Bowl odds make sense to us.

Philadelphia Eagles Super Bowl Betting Odds (N/A at DraftKings)

The Philadelphia Eagles just came up short last year, as they fell to the Kansas City Chiefs in the Super Bowl. However, their Super Bowl betting odds for the upcoming season indicate they’re one of the Super Bowl favorites once again. After it looked like they were going to lose cornerbacks James Bradberry and Darius Slay, they somehow retained both, while they seemingly won the first round of the NFL Draft by selecting Georgia duo Jalen Carter and Nolan Smith.

QB Jalen Hurts restructured a deal with the team in April that will last five years and $255 million, but the deal doesn’t truly affect the team’s cap space until 2026. His cap hit is just over $6 million this season, so the Eagles are in win-now mode, and we think their Super Bowl odds in 2023-24 reflected that correctly. However, Philly was bounced in the first round of the playoffs by the Tampa Bay Buccaneers.

Buffalo Bills Super Bowl Betting Odds (N/A at DraftKings)

The Buffalo Bills’ Super Bowl odds have been at the top of the list each of the past three seasons, yet they have nothing to show for it. QB Josh Allen is one of the elite quarterbacks in the league, but an elbow injury and some inefficient play made it feel like he disappeared during important stretches last year. Although the Bills came up short, they should be back in the mix yet again, so their Super Bowl winner odds make sense.

The team drafted tight end Dalton Kincaid in the first round to give Allen another target on offense, and he should greatly improve Buffalo’s passing game. Losing LB Tremaine Edmunds hurts, but it made sense for the Bills to not match what he was offered in Chicago. Even without Edmunds, the Bills should have one of the best defenses in the NFL, so we anticipate them making a postseason run after winning the competitive AFC East.

San Francisco 49ers Super Bowl Betting Odds (-120 at DraftKings)

The final one of the Super Bowl favorites we’ll cover also comes from the NFC. Unlike the other three favorites, San Francisco’s success isn’t entirely dependent on quarterback play. Although being forced to start a fourth-string QB in the NFC Championship is less than ideal, the 49ers got there behind rookie QB Brock Purdy. Now, their QB room includes Purdy, Trey Lance and new signings Brandon Allen and Sam Darnold.

Purdy should be good to go for Week 1, but it wouldn’t be surprising to see Lance or even Darnold behind center to start the season. The real reason San Fran is one of the Super Bowl favorites is due to their overall star power. RB Christian McCaffrey, WRs Brandon Aiyuk and Deebo Samuel, TE George Kittle, OT Trent Williams, DEs Arik Armstead and Nick Bosa, DT Javon Hargrave and LB Fred Warner are some of the names you’ll recognize from the roster, so it makes sense that they carry the shortest Super Bowl LVII odds.

🔮 Super Bowl Predictions for 2023-24

Now it's time to dive into our Super Bowl predictions based on the odds entering the season. Of course, the Super Bowl favorites we outlined above are a part of many Super Bowl predictions, but we have our eyes on a few other teams.

Baltimore Ravens (N/A at DraftKings)

As you can see from one of our previous tables, the Ravens odds to win the Super Bowl have been becoming shorter, and for good reason. They're leading off our NFL predictions thanks to being a balanced team in all three phases of the game.

In terms of special teams, that can be summed up quickly. Kicker Justin Tucker is arguably the best in the NFL, and has already had a Hall-of-Fame-worthy career. Along with head coach John Harbaugh being a former Special Teams Coordinator, the Ravens are elite in the category.

Similarly, QB Lamar Jackson was the first MVP in league history to win it unanimously, and the team got his contract extension done this offseason. Baltimore also provided him with more weapons than ever, including veteran WR Odell Beckham Jr. and rookie first-round pick Zay Flowers.

Lastly, the Ravens have been synonymous with defense since becoming a team in 1996 thanks to Ray Lewis, and the likes of Patrick Queen and Marlon Humphrey are keeping that philosophy going. The AFC is tough to navigate, but the Ravens are among our favorite Super Bowl predictions.

Dallas Cowboys (N/A at DraftKings)

On the NFC side of things, our Super Bowl predictions are focused on America's team. Admittedly, they have disappointed in the postseason, but the conference is as weak as ever outside of the top two candidates (Eagles and 49ers).

QB Dak Prescott continues to be underappreciated, primarily due to those playoff struggles. However, if he can bring his regular season performances to January, the Cowboys could find themselves playing in February.

Perhaps one of the most interesting aspects of Dallas is the release of RB Ezekiel Elliott. Despite that, most fans would tell you that Tony Pollard has looked like a younger, more explosive version of Zeke. The Cowboys also have a strong defense, with Micah Parsons currently the odds-on favorite to Defensive Player of the Year and CB Trevon Diggs one of best in the secondary. 

Dealing with the Eagles in the NFC East is tough, but no one said you have to win your division to win the Super Bowl. The Cowboys indeed won the NFC East this season but lost to the Packers in the first round of the playoffs.

🐕 Super Bowl Picks: Long-Shot Candidates to Watch

*Editors Note: Our long-shot candidates below were laid out heading into the 16th week of the 2023-24 NFL regular season.*

Now that you have our favorite NFL predictions, let's discuss some teams that we also love in the longshot department.

Detroit Lions (+750 at DraftKings)

This may not be the longest shot possible, but with odds north of +1000, Dan Campbell's Detroit Lions present great value. Speaking of the head coach, Campbell is currently the odds on favorite to win Coach of the Year this season.

Thanks to Hard Knocks on HBO, the world has already seen that the guys love playing for him. Similarly, QB Jared Goff continues to fly under the radar. He ended last season with the sixth-most passing yards and tied for the fourth-most passing touchdowns.

We've also already seen that rookie RB Jahmyr Gibbs has people talking, and WR Amon-Ra St. Brown had an incredible breakout season last year. If the defense can improve, the Lions may roll through the NFC North and made some noise in the playoffs.

Jacksonville Jaguars (N/A at DraftKings)

Another addition to our Super Bowl predictions in the longshot category is the Jags. They're a young team, but they have the opportunity to thrive in a week division. It only took a 9-8 record last year to win the AFC South, and QB Trevor Lawrence and company are favorites to win it again.

Alongside Lawrence is RB Travis Etienne Jr, making them one of the youngest backfields in the NFL. However, they proved to be up for the task, winning their Wild Card Round game last year in epic comeback fashion. Jacksonville also acquired WR Calvin Ridley, who is back from his suspension and looks as quick as ever.

With a smooth road to at least make the playoffs and given that anything can happen once the playoffs begin, the Jags could be a great dark horse candidate.

📚 Super Bowl Point Spread History

In NFL betting, the point spread is a popular form of wagering that aims to level the playing field between two teams of differing abilities. The Super Bowl spread assigns a certain number of points to the favored team and deducts the same number of points from the underdog.

Sportsbooks continually adjust the Super Bowl spread and other point spreads based on various factors such as team performance, injuries, weather conditions and betting trends. Despite their best efforts, there are instances where the point spread may not accurately reflect the final outcome of a game. Unexpected events, last-minute touchdowns, or other factors can lead to the point spread being inaccurate.

However, the Super Bowl point spread has been fairly accurate over the last 10 Super Bowls, which can help your Super Bowl betting:

📈 Super Bowl Trends & Statistics

• Since 2000, the Kansas City Chiefs are the only team to win the Super Bowl while also having the AP NFL MVP from the regular season (Patrick Mahomes in 2022-23).
• Seven teams have won back-to-back Super Bowls; Kansas City could become the eighth if they cash in on their Super Bowl odds for 2023-24.
• Two teams have lost the Super Bowl and then won it the next season; Philadelphia could become the third if they win Super Bowl LVIII.
• There has never been a team that has won the Super Bowl with fewer than nine regular season wins.
• 10 of the last 11 Super Bowls have featured at least one team with a quarterback still on their rookie contract.

Teams With Most Super Bowl Wins

🍾 Past 10 Super Bowl Winners 

Few conclusions can be made based on the past 10 Super Bowl winners and their odds to win the Super Bowl each year. First off, winning your division and potentially earning a first-round bye is extremely important, as nine of the 10 previous Super Bowl winners have won 12+ games.

Additionally, longshots don’t normally win the Super Bowl, as the 2017-18 Eagles are the only team with Super Bowl betting odds longer than 12/1 to win it all. Finally, it’s worth noting that there is no true correlation based on a team’s conference, as four NFC teams and three AFC squads have won the past 10 Super Bowls, but the AFC has amassed six during that stretch, while the NFC has four.

Overall, it’s worth reviewing the previous Super Bowl betting history and Super Bowl winner odds when making your pick.

🏟️ What Happened in Last Year’s Super Bowl?

The Philadelphia Eagles were small Super Bowl favorites against the Kansas City Chiefs last year, but the underdogs prevailed. Patrick Mahomes battled through an injured ankle and threw two crucial touchdown passes while orchestrating a go-ahead drive, scrambling 26 yards before Harrison Butker's game-winning field goal.

KC won the game 38-35 and covered their Super Bowl point spread of +1.5. Instead of backing the Chiefs +1.5, you could’ve taken them on their money line, which carried +105 odds at most sportsbooks. Therefore, a $100 bet on Kansas City’s money line profited $105, which was more than backing KC’s Super Bowl spread with -110 odds.

🔢 How Do Sportsbooks Calculate Super Bowl Odds?

Many sports fans wonder, ‘What are the odds for the Super Bowl and how are they calculated?' Super Bowl odds are determined by sportsbooks by analyzing statistical data, historical trends and market dynamics. They assess factors like team performance, injuries, scheduling and past results to gauge the likelihood of each team winning.

The initial odds are set, which are then adjusted based on the betting activity and money wagered on each team. Public sentiment, media coverage and team popularity can influence the odds. Sportsbooks strive to maintain balanced action while providing accurate and profitable odds for Super Bowl betting.

🔢 How to Read Super Bowl Odds

When reading Super Bowl odds, understanding the different formats used, such as decimal, fractional and American/money line odds is extremely important. Here's an explanation of how to read betting odds, using American/Money line odds as an example:

• Positive (+) odds indicate the potential profit on a $100 bet. For example, if the odds are +200, a $100 bet would result in a $200 profit.
• Negative (-) odds represent the amount you need to bet to win $100. For instance, if the odds are -150, you would need to wager $150 to win $100.
• The favorite is indicated by the negative (-) sign, while the underdog is denoted by the positive (+) sign.
• Additionally, odds can be accompanied by a number, such as +200/+2.00 or -150/-1.50 in decimal format, representing the potential profit or return on a given bet.

Remember, odds reflect the sportsbook's assessment of the probability of an outcome, and they can vary between sportsbooks. Understanding how to read betting odds allows you to make informed decisions and evaluate potential returns on your wagers.

🤓 How to Calculate Super Bowl Odds

Calculating Super Bowl betting odds using American/money line odds involves understanding the positive and negative values associated with each team or outcome. Here's an explanation of how to calculate betting odds using American odds as an example for Super Bowl betting:

Positive (+) Odds:

• Positive odds represent the potential profit on a $100 bet.
• To calculate the potential profit, divide the odds by 100 and multiply it by the amount you wish to bet.
• For instance, if the odds are +200 and you bet $50, the potential profit would be (200/100) * 50 = $100.
• The total payout, including the initial stake and profit, would be the sum of the stake and the potential profit.
• In this example, the total payout would be $50 (stake) + $100 (profit) = $150.

Negative (-) Odds:

• Negative odds indicate the amount you need to bet to win $100.
• To calculate the amount you need to wager, divide 100 by the odds and multiply it by the desired profit.
• For example, if the odds are -150 and you want to win $50, the wager amount would be (100/150) * 50 = $33.33 (rounded to the nearest cent).
• The total payout would still be the sum of the stake and the profit. In this case, the total payout would be $33.33 (stake) + $50 (profit) = $83.33 (rounded to the nearest cent).

Understanding how to calculate American Super Bowl odds allows you to assess potential returns and make informed betting decisions.

❓ FAQs

❓ Do Super Bowl Odds Change Throughout the Season?

Yes. Super Bowl odds change throughout the season, so check the odds before betting.

❓ Do Super Bowl Odds Vary Across Different Sportsbooks?

Yes. Super Bowl odds vary across different sportsbooks, so it’s worth checking out multiple sportsbooks before placing Super Bowl futures.

❓ How Accurate Have Past Super Bowl Odds Been in Predicting the Winner?

The past Super Bowl odds are fairly accurate in giving a general sense of who will make a deep postseason run, but only six times has the preseason favorite gone on to win it all.

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