Top Super Bowl Odds: Clear Favorites for Super Bowl LIX Emerging

7 min read
Jul 26, 2024, 6:26 PM
Author
Nick Ashbourne
Nick Ashbourne
Senior Writer
Last Updated: Nov 5, 2024, 12:11 PM

Super Bowl LIX Favorites

The 2024 season is going to be a wild one for the Vince Lombardi Trophy. Super Bowl odds change based on team performance, injuries and other factors. Right now several teams are standing out as top contenders for Super Bowl LIX.

Kansas City Chiefs: Current Odds and Notes

The Kansas City Chiefs with Patrick Mahomes at QB are still the favorites to win the Super Bowl.

They’ve been consistent the last few seasons so they’re a perennial contender. But the NFL is always changing and the Chiefs have competition.

Other Top Contenders

The Baltimore Ravens, with dynamic quarterback Lamar Jackson, have emerged as a formidable force.

Understanding NFL Odds

Interpreting odds is a crucial aspect of sports betting.

They represent the probability of specific outcomes and determine potential payouts for wagers. Understanding how to interpret odds is essential for informed betting. 

Making any bet without clear knowledge of the odds to win is inadvisable.

How to Read and Use NFL Odds

Odds can be presented in different formats, including American, decimal, and fractional. 

For example, +300 in American odds indicates a $300 profit on a $100 bet if successful. 

Bettors should familiarize themselves with these formats to make informed decisions.

Super Bowl LIX Betting Strategy

Developing a strategy for betting on the big game involves research, analysis, and understanding various betting options. Futures bets, point spreads, and win totals odds are among the choices available to bettors.

Below is a list of the team's with the best odds to win the next Super Bowl according to BetMGM:

  1. Kansas City Chiefs +475
  2. Baltimore Ravens +750
  3. San Francisco 49ers +750
  4. Detroit Lions +1000
  5. Buffalo Bills +1100
  6. Houston Texans +1100
  7. Minnesota Vikings +1200
  8. Philadelphia Eagles +1500
  9. Dallas Cowboys +2200
  10. Green Bay Packers +2500
  11. Atlanta Falcons +2800
  12. Cincinnati Bengals +3500
  13. Washington Commanders +3500
  14. Chicago Bears +5000
  15. New Orleans Saints +5000
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The 2007 New York Giants are a reminder to keep an open mind. They entered the playoffs with long odds but ended up shocking the undefeated Patriots in the Super Bowl. Always consider the underdogs.

Tips for Betting on the Big Game

When considering Super Bowl odds, it's important to analyze team statistics, head-to-head records, and playoff performance.

Injuries to key players can significantly impact a team's chances and should be factored into betting decisions.

Possible Matchups and Their Odds

Rematches between the Kansas City Chiefs and the San Francisco 49ers or Philadelphia Eagles could be an intriguing possibilities. Other potential matchups, such as the Baltimore Ravens versus the San Francisco 49ers, also generate interest among bettors.

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The Chiefs-Eagles Super Bowl LVII was widely considered to be a classic. A rematch would be highly anticipated, especially with the improvements both teams have made.

Historical Trends and Stats

Historically, favorites have won the majority of Super Bowls, but underdogs have provided some notable upsets.

The New England Patriots' multiple Super Bowl victories in recent years have significantly influenced betting patterns, but the team has not been a significant factor in the post-Tom Brady era.

Top Sites for Betting on Super Bowl LIX

Popular NFL sportsbooks include established names in the industry like BetMGM, BetRivers and Bet365.

These platforms offer secure betting environments and a variety of wagering options for the Super Bowl. 

The Super Bowl is the biggest betting event of the year for a number of sportsbooks.

Final Thoughts on Super Bowl LIX

Getting closer to Super Bowl LIX means the excitement among NFL fans and bettors is sure to build.

There is plenty of uncertainty before the regular season, but the anticipation surrounding the event will be significant regardless of the participants. Fans will either have the pleasure of watching the Kansas City Chiefs go for a threepeat, or get a fresh Super Bowl champion.

Teams like the Baltimore Ravens, Detroit Lions, Houston Texans and Cincinnati Bengals that entered the season with high expectations could see their Super Bowl odds fluctuate based on their performances.

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The emergence of C.J. Stroud has given the Texans new life. His performance could significantly impact their future odds.

Even teams with longer odds, such as the Pittsburgh Steelers, Indianapolis Colts, and Atlanta Falcons, can still impact the playoff picture.

As the postseason approaches, bettors and fans alike will be closely monitoring the odds and performances of top teams like the Dallas Cowboys and Philadelphia Eagles. 

Some team no one expects to make a deep run like the Arizona Cardinals, New England Patriots, or Carolina Panthers may even shock the world.

The journey to Super Bowl LIX promises to be filled with excitement and potential betting opportunities for those who closely follow betting odds and trends.

NFL Playoff FAQ

Host City

Where will Super Bowl LIX be held?

Super Bowl LIX is scheduled to take place at the Caesars Superdome in New Orleans.

Scheduling

When do the NFL playoffs begin?

The playoffs typically begin in January, following the conclusion of the regular season.

Odds

How are Super Bowl odds determined?

Super bowl odds are calculated by oddsmakers based on various factors, including team performance, injuries, and public betting patterns.

Super Bowl Futures

How do futures bets work for the Super Bowl?

Futures bets for the Super Bowl are wagers placed on the outcome of the championship, often made before or during the regular season. These bets typically offer higher payouts due to the difficulty of predicting the winner far in advance.

NFL Draft Betting

Can I place bets on the NFL Draft?

Yes, many sportsbooks offer betting options for the NFL Draft, including draft position for top prospects.

Everything You Need on NFL Betting

Meet our Authors

Paruyr Shahbazyan started his business career as an entrepreneur in 2000. Over 13 years, he learned business and leadership, which laid the foundation for his career.

In 2013, Paruyr entered the sports and betting industry as the founder and president of Bookmaker Rating, an online media platform he led until 2020. The platform focuses on in-depth analysis and insights in sports betting and has gained a reputation for quality content.

In 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This shows his commitment to technology in the sports betting space. Through all these experiences, Paruyr has been shaping and influencing the betting industry, setting new trends and standards.

Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports.

Strategic Vision

Paruyr's vision is to revolutionize the sports entertainment industry by integrating technology. He sees the future of sports entertainment as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. He aims to create platforms that are not only user-friendly but also uphold the highest standards of ethical reporting, contributing to a more responsible and enjoyable sports culture.

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief

With 20+ years of writing experience across sports, gambling, regulation, technology, and startups, Sol brings a broad understanding to his role as Editor-in-Chief at RG. His work provides clear, factual information to help readers make informed decisions about gambling. Sol’s approach is about transparency and research, so the content at RG is straightforward, evidence-based, and accessible.

At RG, Sol keeps the focus on the reader by maintaining a standard of reliability and integrity in the information shared. Under his editorial direction, RG aims to provide practical insights into sports and sports entertainment that support a balanced and informed approach. Sol’s approach has helped RG become a go-to source for readers looking to engage responsibly and thoughtfully in the industry.

Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the RG team.

Sergey Demidov
Sergey Demidov
Head of News Department

Sergey has been in sports journalism since 2007 as a reporter, editor, and manager. He has covered the Olympic Games, soccer World Cups, the World Cup of Hockey in 2016, the European championships, the Stanley Cup Finals, IOC events, and many others. Sergey interviewed the sport's greatest athletes, coaches, and executives. Since 2016, he has been an Independent Senior Editor of NHL.com/ru.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

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