Super Bowl Odds: NFL Championship Betting Favorites

Betting the name every bettor already knows usually means paying for reputation instead of the roster behind it. On the Super Bowl board, that gap shows up constantly: money piles onto a handful of familiar franchises, pushing their price short of what the roster alone would earn. The crowd bets what it recognizes, not what it has studied, and the number absorbs that difference long before the season proves anything.

A bettor who treats this market as a guessing game about the eventual champion is playing the wrong game. The real contest is finding a contender the public hasn’t crowded yet, where the price still reflects the roster instead of the brand. That distinction matters more here than on any other futures board, because no market moves this much money or reacts to it this fast.

Super Bowl LXI Odds by Sportsbook

FavoriteRams +72012.2% implied · Caesars
Best price gap32%typical gap between books, top 20
Biggest move, 7 daysEagles +60%+2500 to +4000
UpdatedOct 135 books · 32 teams
Team bet365 BetMGM DraftKings Caesars FanDuel Implied Kalshi, all in Cheaper 30 days
1Rams +700 +700 +670 +720 +700 12.2% +68712.7c to buy · mid 11.5c Booksby 0.5c +8%
2Bills +750 +750 +670 +750 +750 11.8% +75511.7c to buy · mid 10.5c Kalshiby 0.1c +7%
349ers +750 +750 +900 +700 +800 10.0% +68712.7c to buy · mid 11.5c Booksby 2.7c -12%
4Ravens +800 +800 +900 +800 +750 10.0% +9429.6c to buy · mid 8.5c Kalshiby 0.4c -6%
5Chiefs +900 +900 +1050 +900 +950 8.7% +84310.6c to buy · mid 9.5c Booksby 1.9c -10%
6Seahawks +1100 +1100 +1000 +1100 +1100 8.3% +9429.6c to buy · mid 8.5c Booksby 1.3c +16%
7Broncos +2000 +2000 +2000 +2200 +2000 4.3% +22264.3c to buy · mid 3.5c Even -9%
8Jaguars +1100 +1200 +2200 +1100 +1100 4.3% – – -21%
9Vikings +2000 +2200 +2400 +2400 +2200 4.0% +22264.3c to buy · mid 3.5c Booksby 0.3c -12%
10Bears +1800 +1800 +2400 +1800 +1800 4.0% +22264.3c to buy · mid 3.5c Booksby 0.3c -5%
11Lions +2500 +2500 +1900 +2400 +2200 3.8% +22264.3c to buy · mid 3.5c Booksby 0.5c +9%
12Bengals +2200 +2000 +1700 +2200 +2700 3.6% +22264.3c to buy · mid 3.5c Booksby 0.7c even
All 32 teamsFewer
13Patriots +2200 +2500 +2400 +2200 +2700 3.6% +22264.3c to buy · mid 3.5c Booksby 0.7c -14%
14Cowboys +2800 +3000 +2800 +2800 +2200 3.2% +30253.2c to buy · mid 2.5c Even +12%
15Eagles +4000 +4000 +1700 +4000 +4500 2.2% +46622.1c to buy · mid 1.5c Kalshiby 0.1c +60%
16Texans +4000 +5000 +3500 +5000 +3500 2.0% +46622.1c to buy · mid 1.5c Booksby 0.1c -33%
17Packers +5000 +6600 +5500 +5500 +6000 1.5% +46622.1c to buy · mid 1.5c Booksby 0.6c -8%
18Raiders +8000 +8000 +9000 +8000 +7000 1.1% +89911.1c to buy · mid 0.5c Even +14%
19Colts +9000 +10000 +7000 +10000 +8000 1.0% +89911.1c to buy · mid 0.5c Booksby 0.1c +36%
20Panthers +6000 +8000 +10000 +6500 +5000 1.0% +89911.1c to buy · mid 0.5c Booksby 0.1c -35%
21Falcons +6000 +8000 +12000 +7000 +6000 0.8% +89911.1c to buy · mid 0.5c Booksby 0.3c -12%
22Steelers +10000 +10000 +5000 +10000 +12500 0.8% +89911.1c to buy · mid 0.5c Booksby 0.3c -20%
23Saints +12500 +15000 +8000 +15000 +10000 0.7% +89911.1c to buy · mid 0.5c Booksby 0.4c +25%
24Commanders +10000 +15000 +8000 +15000 +12500 0.7% +89911.1c to buy · mid 0.5c Booksby 0.4c even
25Buccaneers +10000 +12500 +10000 +15000 +10000 0.7% +89911.1c to buy · mid 0.5c Booksby 0.4c -20%
26Giants +12500 +15000 +15000 +15000 +12500 0.7% +89911.1c to buy · mid 0.5c Booksby 0.4c even
27Chargers +20000 +30000 +6500 +25000 +22500 0.3% +89911.1c to buy · mid 0.5c Booksby 0.8c +80%
28Browns +25000 +30000 +20000 +20000 +25000 0.3% +89911.1c to buy · mid 0.5c Booksby 0.8c +25%
29Jets +35000 +50000 +20000 +30000 +40000 0.2% +89911.1c to buy · mid 0.5c Booksby 0.9c +17%
30Cardinals +75000 +100000 +30000 +100000 +100000 0.1% +89911.1c to buy · mid 0.5c Booksby 1c +67%
31Titans +100000 +100000 +50000 +300000 +100000 0.0% +89911.1c to buy · mid 0.5c Booksby 1.1c even
32Dolphins +100000 +100000 +100000 +300000 +100000 0.0% +89911.1c to buy · mid 0.5c Booksby 1.1c even

Red is the best price on that row. The 30-day line is the consensus price over time, and the figure beside it is the change in what a winning dollar pays over the last week, read across the books quoting both then and now; green shortened, amber drifted, a dash means too few books to tell. Implied probability comes from the best price and includes the books’ margin. A Kalshi price is what a $1 payout costs, in cents, so the price is the win chance: 40c is +150, 60c is -150. How to read a Kalshi price. Kalshi is what a buyer actually pays for that team’s contract, shown as sportsbook odds so it lines up with the book prices: the ask plus the 7% taker fee, in cents on the dollar. The mid under it is the market’s fair read, halfway between bid and ask, which nobody can buy at. Cheaper compares the all-in Kalshi cost to the best book price.

Paying for a Name Instead of a Roster

This board carries more action than any other futures market in football, and that volume is exactly why brand-name teams often price shorter than their depth chart supports. Fan base size does not show up on a snap count, but it shows up in the number.

The practical move is checking a tier below the teams drawing the obvious attention. A roster carrying the Rams draws bets regardless of injuries or scheme fit, while a quieter contender with similar personnel can sit at a longer price simply because fewer bettors know its depth chart. That gap is where this market still pays.

A price like the Dolphins at +300000 sits on the other end of the same coin. It isn’t long because of a weak roster necessarily, it’s long because almost nobody has looked at it closely. The signal worth hunting is a team priced long for no real reason, not a team priced long because its roster gives it none.

What the Vig Costs on a Board This Big

Every price on this board converts to a probability once the hold is removed, and that probability is the only honest way to compare a number across books. The Rams at +720 back out to 12.2%, a figure that says less about who wins Super Bowl LXI and more about how the market is currently splitting attention across the field.

The juice built into every line means the probabilities across the full board add up to more than full value, and that overage is the built-in edge books keep for themselves. Shopping bet365, BetMGM, DraftKings, Caesars, FanDuel for the best number on one team doesn’t erase that edge, but it shrinks it, and on a board this large the gap between the best and worst price on the same team is often the entire margin a bettor needs.

The Bills at +750 and the 49ers at +900 show how tightly the top of the board can bunch together. That’s exactly why the best available price, not a hunch about who looks better on tape, decides whether either one is worth a ticket.

Attention Moves This Number Faster Than Results

A number on this board rarely waits for proof. A string of wins draws money fast, and the price shortens across bet365, BetMGM, DraftKings, Caesars, FanDuel within days, often quicker than the roster’s actual chances have changed.

Philadelphia Eagles drifted by 60% recently to +4500, which reads less like a verdict on that roster and more like a snapshot of where attention has gone lately.

That pattern repeats all season. A team can lose a game and watch its price drift because the public moved on, or win a game that changes nothing about its roster and watch its price shorten anyway. Reading the board well means separating those two kinds of movement instead of reacting to both the same way.

Read More Like This