The regular season is over, and with the playoffs now set, the favorite to win the Super Bowl remains unchanged from the NFL’s preseason odds, according to analysts TheLines, which tracks odds in the US regulated sports betting market.
Even with the expanded format of 14 teams, the reigning Super Bowl champions Kansas City Chiefs open the playoffs as +220 favorite to retain their title, according to a consensus of the nation’s largest legal online sportsbooks including DraftKings, FanDuel, PointsBet, PlaySugarHouse, BetMGM, Unibet, and William Hill.
The Chiefs opened the season as +600 favorites, meaning bettors would win $600 for every $100 wagered. While Kansas City has remained on top, much else has changed, including several preseason longshots moving toward the top.
The Green Bay Packers, the only other team to receive a first-round playoff bye in the new format, open the postseason as the NFC favorite at +450. Green Bay kicked off the season at +3100. Meanwhile, the Buffalo Bills open at +700, moving from +2500 before the first week.
Unsurprisingly, the three Super Bowl favorites entering the playoffs are led by the three favorites to win the NFL MVP award.
Packers’ Aaron Rodgers leads the way, whose strong finish catapulted him from relative longshot to prohibitive favorite at -2500, followed by Bills’ Josh Allen (+1000) and Chiefs’ Patrick Mahomes (+1500) who was also the preseason favorite.
Brett Collson, lead analyst for TheLines.com, said: “The Chiefs have been remarkably steady all year, but anyone who bet on the Packers or Bills to win the Super Bowl before the season began has to be excited now.
“The odds will shift dramatically each week of the playoffs, and there will be plenty of twists and turns. The main certainty, though, is that the NFL playoffs drives bettors to sportsbooks like no other event on the sports calendar.”
The current odds for each playoff team to win Super Bowl LV as of Monday, Jan. 4 (with preseason odds):
- Kansas City Chiefs +220 (+600)
- Green Bay Packers +450 (+3100)
- Buffalo Bills +700 (+2500)
- New Orleans Saints +750 (+1200)
- Tampa Bay Buccaneers +1000 (+1500)
- Baltimore Ravens +1100 (+650)
- Seattle Seahawks +1300 (+2000)
- Pittsburgh Steelers +2000 (+2500)
- Tennessee Titans +2800 (+3000)
- Los Angeles Rams +3300 (+4000)
- Indianapolis Colts +4000 (+2300)
- Cleveland Browns +5000 (+3400)
- Chicago Bears +9000 (+4400)
- Washington Football Team +10000 (+17000)
The consensus point spreads for Wild Card Weekend, as of Monday, Jan. 4:
- Indianapolis Colts at Buffalo Bills (-7); over/under 52
- Los Angeles Rams at Seattle Seahawks (-4.5); over/under 42.5
- Tampa Bay Buccaneers (-8) at Washington Football Team; over/under 46.5
- Baltimore Ravens (-3.5) at Tennessee Titans; over/under 54.5
- Chicago Bears at New Orleans Saints (-9.5); over/under 47.5
- Cleveland Browns at Pittsburgh Steelers (-4); over/under 46.5