The Super Bowl marks the biggest betting event of the year in the US. With Super Bowl LV wrapped up, bettors can already start looking ahead to next year’s NFL championship game.
Because it is one of the most-watched and wagered events in the country, oddsmakers are very careful where they place their lines. Understanding NFL Super Bowl odds is important for every budding sports bettor.
Sportsbooks use a host of different factors to include in NFL odds. Such as strength of schedule, previous season success, additions on the roster, and history to show the likelihood to win the big game.
The Tampa Bay Buccaneers routed the Kansas City Chiefs in the 2021 Super Bowl, as the Bucs cruised to a 31-9 win. Sportsbooks oddsmakers installed Kansas City as the favorite, with average odds sitting at -171.
The Tom Brady-backed Buccaneers went into the big game as the underdog. Books set those odds at +147, giving Tampa Bay a 40% chance at the 2021 Vince Lombardi Trophy. Bettors who took that line cashed in big.
Current Super Bowl 2022 NFL Future Odds
Odds are automatically updated 1 time per day.
Best Super Bowl 2022 US Sports Betting Bonuses & Offers
Super Bowl LVI might be months away, but you can expect legal US sportsbooks to offer plenty of enticing bonuses when next year’s big game comes around. For now, Bonus.com recommends the following online sportsbooks and welcome bonus offers for new players:
Odds To Win The Super Bowl – Whose Odds Are Increasing?
Super Bowl odds always change throughout the season. Be sure to check continually for updates as well as use our automated chart to track the changes in 7, 14, and 21-day intervals. The NFL futures odds are updated daily.
Denver Broncos +6600 to +2400
An unbelievable increase for the Denver Broncos without making any major changes to their roster. The reason? ESPN’s Adam Schefter reported that Aaron Rodgers wants out of Green Bay and the number one team he wants to be traded to is the Denver Broncos. The Broncos roster is excellent other than their quarterback. However, this price for a big trade that hasn’t happened yet is surely a bad bet. Unless there are real rumblings that the Packers will legitimately field offers for him. Does not appear likely at this time.
Tampa Bay Buccaneers +950 to +650
The defending Super Bowl champions somehow were undervalued when the odds were released. The Buccaneers have done something that no other defending champion has done, bring back their entire roster. Every single starter returns this year for another go at a Super Bowl title. Even Antonio Brown signed at a discount for one year as well as Lavonte David and Shaquille Barrett.
Odds To Win The Super Bowl – Whose Odds Are Decreasing?
Things that would typically influence an odds decrease in the off-season are major injuries or trades. Big money coming in on teams will rarely influence a team’s odds decreasing dramatically.
Green Bay Packers +900 to +1700
I don’t like this bet either way. The Packers have been a playoff disappointment for years now. So much so that their franchise quarterback Aaron Rodgers has told people close to him that he wants out. Oddsmakers are keen on this and drastically lowered their super bowl odds. If he is traded, the Packers will lower to +3000 or worse. He’s that valuable. Stay away even if Rodgers signs a contract extension.
New Orleans Saints +2000 to +4000
Drew Brees retired and it looks like they will be moving forward with some combination of Taysom Hill and Jameis Winston as their quarterback. The Saints defense has a lot of work to do to contend and Michael Thomas was awful last year. The Saints are no longer favorites to win their division either.
Where Can I Bet On The Super Bowl Online
If you want to bet on the Super Bowl online you must be located in one of the states that permit legal online sports betting.
The list of states where online sports betting is legalized changes regularly. Each of these states already has live online sportsbooks ready to take Super Bowl futures bets. Most also have retail sportsbooks for local betting.
States like New Jersey and Pennsylvania set the stage for online Super Bowl Betting early on. States like Colorado, Illinois, Indiana, Iowa, Tennessee, Nevada, and West Virginia all launched online sports betting. Michigan and Virginia became the two most recent states to launch online sports betting. It looks like Arizona, Maryland, New York, Connecticut, and even possibly Florida could be joining the list in 2021 or early 2022.
Each state has different sportsbooks that are legally allowed to operate in a given state. For example, BetMGM is legal in almost a dozen states, as are FanDuel and DraftKings.
Learn more in our Guide To Placing A Sports Bet Online.
How To Choose The Best Sportsbook For Super Bowl Betting
Many fans would be keen to use risk-free bet offers for a free shot at the Super Bowl winner at advantageous odds.
For instance, if you bet on the Buccaneers to win the Super Bowl last year before they signed Tom Brady you would get odds near +3000. These are extremely strong odds and give your bet of $500 the chance to turn into $15,500.
It is important to differentiate which sportsbooks have the best odds. Sharps typically have multiple sportsbooks that they are registered with. They will flip between the sports betting apps to make a decision that is the most profitable.
For example, if PointsBet has the Buccaneers at +2900 but BetMGM had the odds at +2600, the seemingly small difference in odds is worth $1,500 in this particular bet.
Each sportsbook is different based on the available odds. Some charge a higher vig and some odds change because big amounts of money are being thrown around. If large wagers are placed on the Chiefs to win the Super Bowl, their odds will begin to change so the books can adjust to the amount of liability.
How To Place Online Super Bowl Bets
When bettors want to wager on the Super Bowl they must first sign up for a sportsbook. It is important to take advantage of promotions that they may have going. Refer to Bonus.com’s Sportsbook Reviews to get the exclusive promotional codes and find the sportsbook right for you. Then, follow these steps:
- Step 1: Use our Online Sports Betting Guide to find the right sportsbook for you and to take advantage of the best promotions.
- Step 2: Choose your sportsbook and download the app.
- Step 3: Go to the sign-up page and register for your account.
- Step 4: Enter your first and last name as well as your email address and last four 4 of your social security number.
- Step 5: Deposit money using the promo code found in the review.
- Step 6: Tap on Sports > NFL> NFL Futures> Super Bowl Odds> Place bet.
- Step 7: Once your team wins the Super Bowl, sign in to your account options, tap withdrawal, and enjoy your payday!
Where Can I Bet On The Super Bowl In Vegas?
Vegas is known for its wide array of casinos and resorts that get herds of visitors from across the country. The plethora of options on the Vegas Strip will make the fan experience even more fun whether you are betting on live events already in progress or before gameplay. Going to Las Vegas sportsbooks to place Super Bowl bets is very common.
MGM Grand, Caesar’s Palace, and Golden Nugget are very popular Las Vegas casinos. The Westgate SuperBook, Caesars Palace, Wynn, South Point, Venetian, and many other Las Vegas casinos host sportsbooks. All of these venues offer numerous ways to bet on the NFL.
Nevada has an excellent assortment of online sportsbooks that can take bets anytime as long as you are within state lines. The best recommendation is to check here to find the best sportsbook for you!
How Are Super Bowl Betting Odds Calculated?
Bettors that understand how odds are broken down and calculated can make more educated bets. There are so many different factors that play into the Super Bowl favorites. More often than not, the best teams are going given the best odds. But this is not always the case.
Before the 2020-21 season, bookmakers placed the Chiefs and Ravens as the Super Bowl favorites, with both teams at around +600 odds. The books based Baltimore’s odds on the Ravens’ strong 14-2 regular season from the previous year, after which the Ravens were knocked out of the playoffs by the Tennessee Titans.
Other factors will include the difficulty of their regular season schedule, additions to the roster from the previous year, and of course, the overall talent on the roster. When the Chiefs won the Super Bowl in February of 2020, they were +600 before the start of the season.
If you sign up for PointsBet Sportsbook or FanDuel Sportsbook with a promo code, you are given a $1,000 risk-free bet. If you place your risk-free bet on the Chiefs your $1,000 bet would profit $4,750 if Kansas City won the Super Bowl in 2022.
Just days after Kansas City’s Super Bowl LV loss, DraftKings Sportsbook set the Chiefs as the favorite to win Super Bowl 56. Despite the lopsided loss to the Bucs, the Chiefs clearly still hold status as the league’s most respected team according to the sportsbooks.
2022 NFL Schedule Release Impacts Super Bowl Odds
In the NFL, strength of schedule is very real and important to the regular season. The Ringer’s Warren Sharp does excellent work breaking down who got the short end of the stick for the scheduling this year.
The 5 easiest schedules in the 2022 NFL season are below…
- San Francisco 49ers
- Denver Broncos
- Cleveland Browns
- Miami Dolphins
- Tampa Bay Buccaneers
The 5 worst schedules in the 2022 NFL season are below…
- Las Vegas Raiders
- Pittsburgh Steelers
- Houston Texans
- Detroit Lions
- Cincinnati Bengals
How The NFL Draft Affects Super Bowl Odds
In some cases, the NFL Draft can shift the odds one way or another. For instance, the Chiefs drafted Clyde Edwards-Helaire at the backend of the first round by the Chiefs. He ended up as a major contributor and able to help the Chiefs backfield.
This is rare, however. Teams that are competing for a title usually do not have top draft picks to get an impact player. The Chiefs would have been the favorites to win the Super Bowl preseason whether they had Edwards-Helaire or not.
2022 NFL Draft Result
The 2022 NFL Draft has come and gone and the results are shaping every NFL team’s roster. Below you will see the expected instant impact players that were drafted and could play pivotal roles in the upcoming NFL season.
2021 Impact Offensive Rookies
Ja’Marr Chase WR Cincinnati Bengals
- Reunited with his old college quarterback Joe Burrow! The Bengals expect to be much improved with plenty of offensive firepower at their disposal.
Rashod Bateman & Tylan Wallace WR Baltimore Ravens
- The Ravens were the favorites to win the Super Bowl last year. Many (including myself) were buying the Ravens defense as all-time great. Their offense really lagged. Mark Andrews was terrible and WR Marquise Brown keeps dropping passes. They brought in two new receivers, this is a huge step in the right direction for Baltimore.
OT Rashawn Slater Los Angeles Chargers
- I am a Chargers believer. They lost many of their games by less than a touchdown. Justin Herbert looked phenomenal in his rookie year with a bad offensive line. They have a new coach, new offensive line, and it is a new year. It will be an exciting few years in Los Angeles!
2022 Impact Defensive Rookies
Jaelan Phillips EDGE Miami Dolphins
- The Dolphins are poised to make a run in the AFC this year. Their defense is one of the best in the NFL and they just kept on adding to it. Jaelan Phillips is expected to help get after the passer, dude is a legit beast. A huge move for a contending AFC team.
Asante Samuel Jr. CB Los Angeles Chargers
- Back to the Chargers who had an excellent draft. Asante Samuel Jr. dropped to the second round in the draft. The Chargers will continue to bolster their defense
Micah Parsons LB Dallas Cowboys
- Dallas needs so badly to rebuild their defense. Parsons is a step in the right direction. He was the consensus top defensive player in the draft. If the Cowboys legitimately want to win the NFC East, the defense needs to step up.
NFL Super Bowl Odds And Betting
Also known as a “straight bet” a Moneyline bet just chooses the winner of the game. When betting on the Moneyline, the odds are usually not exact. Typically there are favorites and underdogs. When the Chiefs and Buccaneers matched up for the Super Bowl, the Chiefs were around -171 and the Buccaneers +147.
When comparing NFL odds, a plus symbol means that the option is an underdog. The minus symbol means the option is a favorite to win. Moneyline betting odds with a “+” notation are relatively simple to calculate. The +147 line on the Buccaneers, for example, means a $100 wager would net $147 in profit. In other words, the $100 bet would return a total of $247 (the $147 in profit and the original $100 bet).
Points spread bets or “handicap bets” are when sportsbooks put teams against a number that they must win or lose by. For the Chiefs, they were -3.5 against the Buccaneers at some sportsbooks during Super Bowl LV. Had they won by three points and you bet on -3.5, the bet would lose. Conversely, if the Buccaneers lost by three and you had +3.5, your bet would win.
Betting on an Over/Under or total points bet means you are not betting on any team. If you bet over you are betting on the combined number of points between the two teams.
Bookmakers set a number, and bettors need to decide whether the game will go over or under that number. For Super Bowl LV, bookmakers set the Over/Under at 55.5, and the final combined score of 31-9 (40 total points) paid off bets on the under.
When placing a parlay bet, you are betting on two or more things to happen. To get paid on your bet, all of the outcomes must occur in a given parlay. If you parlayed the Buccaneers to win with Under 55.5 your bet won. Conversely, if you bet Chiefs to win and Under 55.5 your bet lost, as the Chiefs losing made the parlay a losing ticket.
What Is An NFL Futures Bet?
The futures market in sports betting is a huge part of the industry. The possible bet types range from championship winners to divisional winners, and even MVP candidates.
For instance, DraftKings Sportsbook releases odds during the playoffs of the year before the start of taking bets. Futures bets on the Super Bowl LVI champion opened with Kansas City (+550), Tampa Bay (+900), and Buffalo (+1200) among the favorites.
Super Bowl Prop Bets
Prop bets are becoming more popular in the sports betting world. And there is no more popular betting event than the Super Bowl. Super Bowl prop bets go hand-in-hand because of the creativity involved and the added excitement for a much-hyped game.
A prop bet is a bet on an occurrence or non-occurrence of an event happening in a game, match, or season.
Past Super Bowl Prop Bets
The Westgate Las Vegas, an oddsmaker, started getting creative with prop bets on the Super Bowl. Now, every sportsbook puts out Super Bowl prop bets. Even websites like CBS Sports, which does not cover gambling regularly, cover Super Bowl prop bets.
One popular prop bet for the Super Bowl is how long it will take the singer to complete the National Anthem. Leading up to Super Bowl LIV, singer Demi Lovato sang the National Anthem for the Conor McGregor vs Floyd Mayweather fight in 2018. She clocked in at well over 2 minutes for that performance.
The expectation would be that she would do the same at the Super Bowl. Shockingly, Demi Lovato went under 2 minutes at +180 for the performance. This bet is offered every year and will assuredly be offered this year too.
NFL Season-Long Prop Bets
In addition to Super Bowl prop bets, many sportsbooks offer season-long NFL prop bets. These can be bets on a particular team or a particular player’s performances and stats over a season. In football, many of these NFL prop bets revolve around injuries.
For example, if at the start of last season, you bet on Dak Prescott to lead the league in passing yards, you were out of luck. He suffered a season-ending compound ankle fracture in Week 5 of 2020.
It is impossible to bet on who will or won’t get injured. However, it is best to grab a player who is rarely injured that you believe in. Avoid players who are often injured or have soft tissue injuries regularly.
Strategies For Super Bowl Betting
Using Alternate Lines can be extremely profitable when it comes to sports betting. When a line comes out from the sportsbook, it can move in many different directions. If you like the Super Bowl line at the beginning of the week, it could be wise to jump on it early with an alternate spread to increase profitability.
Fade The Public?
Super Bowl lines move all over the place because it is one of the most bet on sporting events of the year. Fading the public is a betting strategy that goes with the initial betting line that oddsmakers put out. The idea is to not follow where the public is betting and to always stick with the professionals.
What Is Middling In Sports Betting?
A betting strategy that most casual bettors would not know, Middling is a strategy that mandates multiple wagers on a game. It is not perfect but it can be quite effective. The best way to explain middling is with an example.
- You place a bet on the New York Giants at -4 vs the Dallas Cowboys
- *The line moves to Giants -7*
- You then place a second wager on the Cowboys +7.
- It is called middling because the bettor wants the best of both outcomes. They want the Cowboys to lose by less than 7 and the Giants to win by more than 4.
This will limit your financial risk and allow you to win in multiple different ways.
Betting Odds For The Super Bowl FAQ
Yes, in states with legalized sports betting. Currently, almost two dozen US states allow legal sports betting, with more than a dozen of those states offering legal online sports betting.
Some of the states that offer both land-based and online sportsbooks include Nevada, New Jersey, Pennsylvania, Colorado, Indiana, Illinois, Michigan, and more.
Office pools and other types of betting on the Super Bowl outside of legal sportsbooks are technically against the law.
In most states, you must be 21 years of age or older to bet on the Super Bowl. In New York, Montana, and Rhode Island you are legally allowed to wager at 18 years or older.
The top online sportsbooks include FanDuel, DraftKings, BetMGM, and BetRivers, and William Hill. Every single sportsbook that you find will offer bets on the Super Bowl. The Super Bowl is the most bet on sports event of the year so any sportsbook that is not offering the Super Bowl is not a reliable online sports betting site.
Yes. Using any of the legal online sportsbooks found on this page will allow you to place any bet legally and safely. Be careful to only use sportsbooks that are legally licensed or partnered with a legal online casino. They are the most reliable for safe deposits and cashouts.
Yes. Live betting on the Super Bowl is an extremely popular and fun way to bet. In-game betting is not limited to the spread or moneyline either. You can bet on a host of prop bets and point totals throughout the game as the lines move.
Yes. Many sportsbooks have licenses to hold these types of bets. From the length of the National Anthem to the color of the Gatorade at the end of the game, everything can be bet on during the Super Bowl.
The current favorite to win Super Bowl LVI is the Kansas City Chiefs. Other favorites in the eyes of the sportsbooks include the Tampa Bay Buccaneers and Green Bay Packers.
Super Bowl LV will take place on February 6th, 2022 at SoFi Stadium in Los Angeles, CA.
The home of the Los Angeles Rams and Los Angeles Chargers, SoFi Stadium will host the Super Bowl for the first time next year.