Friday, February 23, 2024

Super Bowl 2024 odds: Chiefs open as favorites to win Super Bowl LVIII

Must read

Super Bowl LVII is in the books, and the Kansas City Chiefs have won their second Super Bowl in four years! 

Only eight teams have ever gone back-to-back as champions, with the last one being the New England Patriots in Super Bowls XXVIII and XXXIX. However, if any team can do it, it would be Patrick Mahomes & Co. after turning a 10-point halftime deficit into a three-point win against the Philadelphia Eagles. Would it surprise anyone if they made a fourth Super Bowl in five years?

From a betting perspective, FOX Bet has Kansas City as the early favorite to pull off the repeat.

Because it is never too early to get in on the action, let’s dive into next season’s Super Bowl odds, courtesy of FOX Bet.

SUPER BOWL XLVIII ODDS (at FOX Bet) *

At Allegiant Stadium, Las Vegas, Feb. 11

Kansas City Chiefs: +500 (bet $10 to win $60 total)
Buffalo Bills: +550 (bet $10 to win $65 total)
San Francisco 49ers: +700 (bet $10 to win $80 total)
Philadelphia Eagles: +900 (bet $10 to win $100 total)
Cincinnati Bengals: +1000 (bet $10 to win $110 total)
Dallas Cowboys: +1200 (bet $10 to win $130 total)
Los Angeles Chargers: +2500 (bet $10 to win $260 total)
Baltimore Ravens: +2500 (bet $10 to win $260 total)
Green Bay Packers: +3000 (bet $10 to win $310 total)
Tampa Bay Buccaneers: +3500 (bet $10 to win $360 total)
Jacksonville Jaguars: +3500 (bet $10 to win $360 total)
Detroit Lions: +3500 (bet $10 to win $360 total)
New York Giants: +4000 (bet $10 to win $410 total)
New Orleans Saints: +4000 (bet $10 to win $410 total)
Minnesota Vikings: +4000 (bet $10 to win $410 total)
Miami Dolphins: +4000 (bet $10 to win $410 total)
Los Angeles Rams: +4000 (bet $10 to win $410 total)
Denver Broncos: +4000 (bet $10 to win $410 total)
Cleveland Browns: +4500 (bet $10 to win $460 total)
New York Jets: +4500 (bet $10 to win $460 total)
Las Vegas Raiders: +5000 (bet $10 to win $510 total)
New England Patriots: +6000 (bet $10 to win $610 total)
Pittsburgh Steelers: +6000 (bet $10 to win $610 total)
Carolina Panthers: +7000 (bet $10 to win $710 total)
Tennessee Titans: +7000 (bet $10 to win $710 total)
Indianapolis Colts: +7000 (bet $10 to win $710 total)
Chicago Bears: +8000 (bet $10 to win $810 total)
Seattle Seahawks: +8000 (bet $10 to win $810 total)
Washington Commanders: +9000 (bet $10 to win $910 total)
Atlanta Falcons: +9000 (bet $10 to win $910 total)
Arizona Cardinals: +10000 (bet $10 to win $1,010 total)
Houston Texans: +12000 (bet $10 to win $1,210 total)

* = as of 2/13/2023

The Chiefs currently sit at +500 to win it all next season at FOX Bet (bet $10 to win $60 total), followed closely by the Buffalo Bills (+550, bet $10 to win $65 total). 

Is being one of the title favorites a good thing for Chiefs or Bills fans and bettors? Only six times has the preseason favorite gone on to win the Big Game.

OddsChecker spokesman Kyle Newman said the Chiefs have gotten the most futures action by a noticeable amount. Newman said Kansas City backers account for 27.8% of bets so far.

Newman points out two surprising teams join the Bengals for second-most bets (11.1%) – the Cardinals and Jets

“Most of these teams make some kind of sense. The Chiefs obviously just won Super Bowl. The Bengals were once again in the AFC Championship Game,” Newman said. “The Jets are connected to top-end QBs, mostly Aaron Rodgers. The Panthers (5.6% of the futures) play in arguably the worst division in football with a new head coach in Frank Reich. 

“The Cardinals are very strange, though. With no head coach at this time, and with Kyler Murray likely out for the majority of the season with a torn ACL and talks of trading DeAndre Hopkins, the team looks closer to a rebuild then a title run. Yet, early betting believes that the Cardinals are way better than the books are giving them credit for. We’ll see if Arizona has something up their sleeves this offseason to prove them right.” 

Who was the preseason chalk heading into this past season?

The Bills were the favorites to win it all at FOX Bet entering the season at +600 (bet $10 to win $70 total), but Buffalo exited the postseason in the divisional round.

In fact, being one of the preseason betting leaders this season was not a good thing as nine of the 10 teams with preseason odds of +2000 or lower failed to advance to Super Bowl LVII (the Chiefs, who were +1000, are the exception).

The nine teams with preseason odds of +2000 or better who watched the Big Game at home on Sunday are the Bills (+600), Tampa Bay Buccaneers (+700), Los Angeles Rams (+1000), Green Bay Packers (+1100), Los Angeles Chargers (+1400), San Francisco 49ers (+1600), Baltimore Ravens (+1800), Cincinnati Bengals (+2000) and Denver Broncos (+2000).

What about the NFC champion Eagles? They entered the year at +2200 to win it all, tied with the Dallas Cowboys for the 11th-lowest odds entering the season.

The season was especially disappointing for backers of the Rams (5-12 record), Packers (3-6 start en route to 8-9 record) and Broncos (3-10 start en route to 5-12 record, fired first-year coach Nathaniel Hackett).

On the flip side, let’s point out the six teams who entered the season as the betting favorites who did end up hoisting the Lombardi Trophy

The New England Patriots (2016, 2018) and 49ers (1988-89) did it twice, along with the Cowboys (1989) and Indianapolis Colts (1993).

So can the Chiefs run it back? And what does it all mean so early, considering there is a long way to go before the NFL Draft, free agency, retirements and injuries kick in? It’s always fun to look ahead to next season, especially for fans and bettors.

So if you want to place an early wager on next season, go with your gut instinct and head over to FOX Bet.

Top stories from FOX Sports:

Super Bowl coverage:

Top stories from FOX Sports:

Download the FOX Super 6 app for your chance to win thousands of dollars on the biggest sporting events each and every week! Just make your picks and you could win the grand prize. Download and play today!


Get more from National Football League Follow your favorites to get information about games, news and more


Latest article