3/22/2022

What Are The Vegas Odds On Super Bowl

The Kansas City Chiefs reaffirmed themselves as the team to beat in the NFL with their 34-20 throttling of the Baltimore Ravens on Monday Night Football in Week 3. They secured the pole position in the betting odds to win the 2021 Super Bowl and go back-to-back as NFL champs. Below, we look at the risers and fallers in the Super Bowl odds heading into Week 4.

2021 Super Bowl 55 Betting Odds. As we count down to Super Bowl 55, sports bettors are getting ready to bet on their favorite teams. Each year, oddsmakers spend a lot of time calculating which teams are the most and least likely to win. Below is a guide of what to expect given the hundreds of Super Bowl bets that are currently available. MORE: Get the latest Super Bowl 54 odds & betting trends at Sports Insider Super Bowl 54 odds.

What Are The Vegas Odds On Super Bowl

2021 Super Bowl odds: Favorites

Exotic Super Bowl prop bet odds are released as soon as an AFC champion and an NFC champion have been determined. The majority of NFL betting sites online will release exotic Super Bowl prop bets for you to wager on, such as will an athlete propose to his partner on the field following the big game. The dust has barely settled on the Tampa Bay Buccaneers’ 31-9 win over the Kansas City Chiefs in Super Bowl 55, but odds are already out on which NFL team will win Super Bowl 56 at SoFi Stadium in 2022. See Odds Shark’s Best NFL Sites At Bovada, the Chiefs are the very early +500 betting favorites in Super Bowl 56 odds. The Buccaneers (+600.

Odds via BetMGM; last updated Tuesday, Sept. 29 at 12:20 p.m. ET.

Kansas City Chiefs (3-0) +450 ⬆️Baltimore Ravens (2-1) +600 ⬇️Seattle Seahawks (3-0) +900 ⬆️Green Bay Packers (3-0) +1100 ⬆️New Orleans Saints (1-2) +1200 ↔️Buffalo Bills (3-0) +1600 ⬆️Pittsburgh Steelers (3-0) +1600 ⬆️Tampa Bay Buccaneers (2-1) +1800 ⬇️

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2021 Super Bowl odds: Contenders

Arizona Cardinals (2-1) +2000 ↔️Dallas Cowboys (1-2) +2000 ⬇️New England Patriots (2-1) +2000 ⬆️San Francisco 49ers (2-1) +2000 ⬆️Indianapolis Colts (2-1) +2500 ⬆️Los Angeles Rams (2-1) +2500 ⬇️Tennessee Titans (3-0) +3000 ↔️Chicago Bears (3-0) +5000 ↔️Cleveland Browns (2-1) +5000 ↔️Las Vegas Raiders (2-1) +5000 ⬇️

2021 Super Bowl odds: Long shots

Atlanta Falcons (0-3) +8000 ↔️Los Angeles Chargers (1-2) +8000 ⬇️Philadelphia Eagles (0-2-1) +8000 ⬇️Denver Broncos (0-3) +10000 ⬇️Houston Texans (0-3) +10000 ⬇️Minnesota Vikings (0-3) +10000 ⬇️Carolina Panthers (1-2) +15000 ⬆️Detroit Lions (1-2) +15000 ⬆️Miami Dolphins (1-2) +15000 ↔️Jacksonville Jaguars (1-2) +25000 ⬇️Washington Football Team (1-2) +25000 ⬇️Cincinnati Bengals (0-2-1) +40000 ⬇️New York Giants (0-3) +50000 ⬇️New York Jets (0-3) +50000 ⬇️

New to NFL futures betting?

The Chiefs are heavy favorites to win the Super Bowl for the second year in a row. A $10 futures bet will return a profit of $45 in early February should they lift the Lombardi Trophy. In a 32-team league and with 13 regular-season games remaining for each team, they have an implied probability of winning the Super Bowl of 18.18%.

The same $10 bet on the 0-3 Giants or Jets would return a profit of $5,000. Both New York teams have an implied win probability of just 0.20%.

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What Are The Vegas Odds On Super Bowl

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How to read Super Bowl 56 Odds

The Kansas City Chiefs lost to the Tampa Bay Buccaneers in Super Bowl 55. However, the Chiefs remain the favorites to win Super Bowl 56 at SoFi Stadium in Inglewood, California.

The Chiefs are listed at 6/1 odds (Bet $100 to win $600), while the defending champion Buccaneers are the third-betting choice at 10/1.

In between Kansas City and Tampa Bay are the Green Bay Packers, who are currently at 9/1 odds.

Here is a quick reference on Super Bowl odds for the upcoming 2021 NFL season.

How to read NFL Las Vegas Odds

The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.

The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.

Ex. Favorite -10, Underdog +10

On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.

Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)

It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.

The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.

Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.

All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.

NFL Open Line

One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.

VI Consensus NFL Line

The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.

How do I bet on the Super Bowl?

We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.

Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.

What Are The Vegas Odds On Super Bowl Predictions

Ex. Green Bay (8/1) to win the Super Bowl

The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).

What Are The Vegas Odds On Super Bowl Wins

The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.

If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.