2023 Super Bowl Betting Odds

Thomas Snodgrass

Updated: Dec 4, 2023

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As we approach Week 14, there are a few NFL clubs whose Super Bowl dreams were dashed very early in the season.

The Carolina Panthers and New England Patriots immediately come to mind.

Those two clubs are already looking ahead to the 2024 NFL Draft.

For other teams, like the Cleveland Browns, Buffalo Bills, and Pittsburgh Steelers, there is still an inkling of hope.

A Wild Card spot in the NFL Playoff picture is all some teams need to make a Super Bowl run.

And for others, like the San Francisco 49ers and Philadelphia Eagles, it’s Super Bowl or bust.

Let’s take a look at some teams that have a more realistic path to Super Bowl 58 and make an attractive bet to hoist the Lombardi Trophy this winter.

Super Bowl 58 Favorites

San Francisco 49ers (+430 – FanDuel)

Joe Montana, four Super Bowl rings.

Steve Young, three Super Bowl rings.

Brock Purdy, zero Super Bowl rings . . . so far.

The 49ers currently sit as the betting favorite to hold the Lombardi Trophy at season’s end, and with all of their explosive talent, it’s hard to argue against it.

Purdy is proving to be a franchise quarterback, currently holding the best quarterback rating in the NFL (112.3).

Purdy made a few head-scratching throws in San Francisco’s loss to the Cincinnati Bengals in Week 8, throwing two interceptions, but Purdy would probably prefer to make some mistakes in October instead of January or February.

Running back Christian McCaffrey may be the most hazardous offensive weapon in all of the NFL, currently leading the NFL in rushing yards and leading all running backs in yards from scrimmage.

When healthy, the receiving corps triumvirate of Deebo Samuel, Brandon Aiyuk, and tight end George Kittle has to be the best three-man combo of any passing attack in the NFL.

With the creative head coach Kyle Shanahan on the sidelines and defensive stars such as defensive end Nick Bosa, defensive tackle Javon Hargrave, linebacker Fred Warner, and safety Talanoa Hufanga, the 49ers are the most complete team in the NFL.

Despite losing three games in a row, in Weeks 6-8, San Francisco still feels like a very safe pick to win Super Bowl 58.

Following the 49ers three-game losing streak, they are 4-0, and have outscored their opponents by a combined score of 134-49.

In San Francisco’s potential NFC Championship preview matchup with the Philadelphia Eagles in Week 13, the 49ers won easily, 42-19.

Kansas City Chiefs (+650 – DraftKings)

The defending Super Bowl champs are a solid bet to take it all again in Super Bowl 58.

You’ve still got Patrick Mahomes slinging the ball, you’ve still got Travis Kelce hauling it in, and now you’ve got Taylor Swift showing up at Arrowhead Stadium!

There’s good vibes in KC right now.

While the Chiefs’ offense challenges barbecued meats for the most talked about thing in Kansas City, the defense deserves some chatter as well.

The Chiefs’ defense is currently fourth in the NFL in yards allowed per game (290) and third in points allowed per game (16.5).

Kansas City has not won back-to-back games since Weeks 6 and 7, trading wins and losses over the last five weeks.

If the Chiefs can string together some wins in the later portion of their 2023 schedule, they will remain a Super Bowl 58 favorite.

Philadelphia Eagles (+750 – FanDuel)

We could see another ‘Kelce Bowl’ in Super Bowl 58.

This would be the first Super Bowl rematch since the Dallas Cowboys and Buffalo Bills went head-to-head in the Super Bowl in consecutive years back in 1993 and 1994, that was Super Bowls XXVII and XXVIII.

With the Kelce’s showing up in every three commercials, becoming the unofficial spokespeople of the NFL, and now Taylor Swift being dragged from stadium to stadium, ‘Kelce Bowl’ No. 2 is exactly what the NFL wants.

While many offensive x-factors remain highly productive from the season before, such as Jalen Hurts, A.J. Brown, and DeVonta Smith, this Philadelphia defense appears to be a work in progress.

Occasionally, the Eagles’ defense has been torched through the air, currently sitting 29th in the NFL in passing defense, allowing 255.7 passing yards per game.

If they have any hopes of making it to Las Vegas this February, Philly will need to fortify their defensive secondary.

The good thing for Philly, their last three games include two matchups against the New York Giants, a nice cakewalk on the way to the playoffs.

Super Bowl 58 Best Bets

Miami Dolphins (+1000 – FanDuel)

There is no team in the NFL right now that plays a more exciting brand of football than the Miami Dolphins.

Miami has now scored 30 or more points in six of their 11 games, and are second in the NFL in scoring average, recording 30.8 points per game.

The Dolphins’ offense is also averaging 430.5 total yards of offense, which is first in the NFL. The second-most is the Detroit Lions, averaging a slightly distant 405.5 yards of offense.

Quarterback Tua Tagovailoa’s connection with wide receiver Tyreek Hill is the most entertaining thing going in the NFL right now.

Hill became the first receiver in the Super Bowl Era to tally 1,000 receiving yards in the first eight games of a season.

The last man to do so was Charley Hennigan of the 1961 Houston Oilers.

That Oilers team won the 1961 AFL Championship, so maybe Miami’s top receiver can lead his team to a championship as well.

Jacksonville Jaguars (+2500 – FanDuel)

A win against the Cincinnati Bengals on Monday Night Football will give the Jacksonville Jaguars a record of 9-3, which would have them in a tie atop the AFC Conference standings, along with the Miami Dolphins and Baltimore Ravens.

After their shaky 1-2 start, the Jaguars have won seven of their last eight games, and when looking at their schedule, Jacksonville could potentially win 13 or more games and is a threat in the AFC Playoffs.

The Jaguars’ head coach is Doug Pederson, the man who patrolled the sideline for the Super Bowl LII Champion Philadelphia Eagles, and his team has a similar build to the current Eagles.

A fairly balanced offense that has a brick wall for a rushing defense, but a wildly subpar passing defense.

Jacksonville is third in the NFL in rushing defense, allowing just 87.4 rushing yards per game, but their passing defense ranks 28th, allowing 269.4 passing yards per game.

The Jaguars’ offense has enough playmakers to outscore most opponents, sitting 10th in the NFL in points scored per game (23.1).

With QB Trevor Lawrence, running back Travis Etienne, receivers Christian Kirk and Calvin Ridley, and tight end Evan Engram, Jacksonville could surprise in the playoffs.

Super Bowl 58 Sleeper Bet

Cleveland Browns (+9000 – DraftKings)

Some bettors may have turned away from the Cleveland Browns after Nick Chubb was placed on injured reserve.

Bettors! Come back!

This team can survive the loss of Chubb.

In fact, many Super Bowl Champions didn’t need an A+ running back.

The last team to win the Super Bowl with a 1,000-yard rusher in their backfield was the New England Patriots in the now distant year of 2016.

Can you name the running back?

Give up?

It was LeGarette Blount.

The Browns defense has been solid this season, allowing only 19 points per game (7th in the NFL) and surrendering a league-low 247.9 yards of total offense per game.

Cleveland’s defense has crumbled a bit in the last few weeks, relinquishing 38 points to the Colts in Week 7, 24 points to the Seahawks in Week 8, 31 points to the Ravens in Week 10, and 29 points to the Denver Broncos in Week 12.

Myles Garrett can be for the Browns’ defense what Aaron Donald was for the Los Angeles Rams’ defense in Super Bowl 56.

I backed the Browns’ Super Bowl odds at 24-1 in September, I continued to back the Browns when they fell to 45-1, then to 65-1, and now at 90-1.

Regardless of who is under center for Cleveland, I like their chances of heading to Las Vegas this February for the Big Game.

Maybe the recently signed QB of Joe Flacco can prove to the Browns that he has some gas left in the tank.

If Cleveland can secure a Wild Card spot, then anything can happen.

Popular 2023 NFL Super Bowl Bets

The Super Bowl is North America’s most popular annual sporting event.

Each year, billions of spectators worldwide watch, and millions of dollars are wagered on this game.

But often, it’s not the actual game or teams involved that are being wagered on. Fans of all interest levels enjoy the impressive exotic prop bet selection offered only for the Super Bowl.

Super Bowl Prop Bets

Betting On The National Anthem

What better way to get Super Bowl Sunday started than with a prop bet on the Star-Spangled Banner?

It’s the Super Bowl! This isn’t going to be your run-of-the-mill national anthem.

You can be guaranteed a big name will perform it.

You can be guaranteed fighter jets will be flying over at the exact perfect moment, and you can be guaranteed it will be a spectacular rendition.

What you can’t guarantee is how long it will take the artist to perform it.

But you can bet on it.

Who doesn’t love to get the first bet settled before the game even kicks off?

Gatorade Dumped On Winning Coach

Dumping a bucket of Gatorade over an unsuspecting Super Bowl-winning head coach is a tradition that has been going on in the NFL for decades.

Winning ColorTimes Dumped
Orange5 x times
No Color (Clear)4 x times
Blue3 x times
Yellow3 x times
No Gatorade Dump Performed4 x times

Overall, Orange is the color that has been dumped the most onto a winning HC. Bettors should know that Blue Gatorade has been the color of choice over the last two years.

Another piece of strategy for this Super Bowl prop is betting No Gatorade Dump on a veteran Head Coach who has won before.

There was no doubt that first-time Super Bowl winner Sean McVay would get a bucket dumped on him in Super Bowl 56.

But will Bill Belichick forgive a player at this point of his career for a Gatorade Bath? Highly unlikely you will be on the roster next year if you dump the sugar juice on Bill.

Super Bowl MVP

As much fun as the exotic prop bets are, there are some who will actually wager on the game as well. The most popular game prop annually is betting on the Super Bowl MVP.

Super Bowl YearPlayerTeamPosition
2023Patrick MahomesChiefsQB
2022Cooper KuppRamsWR
2021Tom BradyBuccaneersQB
2020Patrick MahomesChiefsQB
2019Julian EdelmanPatriotsWR
2018Nick FolesEaglesQB
2017Tom BradyPatriotsQB
2016Von MillerBroncosLB
2015Tom BradyPatriotsQB
2014Malcolm SmithSeahawksLB

Our table above tells us that in six of the last ten years, the MVP of the big game has been the winning QB. Considering that the league-wide MVP award is dominated by QBs as well, this is not a surprise.

Also not surprising is seeing Tom Brady on the list three times since he turned 35 years old.

Last year, Cooper Kupp won the award, but many felt the best value bet was Aaron Donald.

The Rams’ defense held the Bengals to just 20 points in the Super Bowl and Aaron Donald was the best defensive player on the field.

NFL Super Bowl Point Spread Betting

Throughout the regular season and most of the playoffs, NFL point spread betting is the most popular type of bet placed each week.

For those unfamiliar with point spreads, they are used by sportsbooks to help make teams more equal from a betting perspective.

Let’s use last year’s Super Bowl point spread as an example.

Super Bowl 57 Odds:

  • Philadelphia Eagles -1.5 / -110
  • Kansas City Chiefs +1.5 / -110

Above, we can see that the Chiefs are listed as +1.5 points underdogs. Those points represent the assigned point spread by oddsmakers.

The plus (+) sign means that the team is the underdog. A minus (-) sign means a team is the betting favorite.

In the case of the Chiefs from last year’s Super Bowl, as +1.5 underdogs, they can lose by just 1 point OR win outright, and be considered the winning team for this bet.

NFL Super Bowl Moneyline Betting

Sometimes, it makes sense to bet on the point spread, and sometimes it makes sense to bet on the moneyline.

In last year’s Super Bowl, we already discussed how the point spread was set at +1.5 for the Chiefs.

What if you could bet Kansas City +1.5 / -110 on the spread or bet the Chiefs to win the game outright on the moneyline and get them at +115 instead?

At -110 odds, a $100 point spread bettor would win $90.90.

At +115 odds, a $100 moneyline bettor would win $115 in profit.

Now a bettor has to decide how important those +1.5 points really are. What are the chances the Chiefs lose by just 1-point? Is that one point worth $24 in profit?

Those are the decisions a bettor faces when choosing when to bet the point spread and when to throw down on the moneyline instead.

Super Bowl Betting Strategies

There is no other sporting event in North America that comes close to the Super Bowl regarding popularity and betting.

Millions of fans will place a bet on the big game who wouldn’t usually bet on NFL football.

There will also be hundreds of media personalities who decide to weigh in with their opinion on how the game will play out.

Follow The Sharp Money

History tells us that both the general public and famous media personalities are not very good at picking winners.

As a Super Bowl bettor, you need to dig through all the noise and find information that can help. Finding sources on how the sharp money is betting is always great information.

Several sites track sharp and public money and share that information with the betting public.

Remember, Sharp Money is not just betting on a particular team. They are betting on a team and the odds associated with them.

Sharp money may have loved the Bengals at +3.5 points in Super Bowl 56, but if that line fell under a field goal, they might not touch it.

When you are tailing sharp money bets, it’s essential to understand what odds they are playing as well.

If you research early enough in the week and shop around, you should have luck finding your Best Odds.

Super Bowl Prop Betting History

During the 1985-’86 season, the Chicago Bears weren’t beating opponents, they were toying with them and having fun at their expense.

In fact, Head Coach Mike Ditka was having so much fun that his 350-pound D-Lineman, William “The Refrigerator” Perry, was being used on offense to carry the ball in goal-line situations.

That season, the Chicago Bears would meet the New England Patriots in what was expected to be a somewhat predictable and boring Super Bowl.

Las Vegas sports-gambling legend Art Manteris saw an opportunity to attract even more bettors and public money to the big game.

Manteiris decided to offer “The Fridge” to score an anytime TD at +2000, in what has considered the first-ever Super Bowl prop bet.

It didn’t take long for other sportsbooks to offer the same bet.

The public loved the opportunity to throw a couple of bucks down on a novelty prop, and by the time the game kicked off, odds on Perry to score a TD were down to +200.

Although Perry did punch one into the endzone and the sportsbooks took a big loss in year one with their novelty prop bet, a new Super Bowl tradition was born.

Today, bettors have hundreds of Super Bowl prop betting options, and the novelty and game prop bets have become a Super Bowl staple for fans.

How To Bet The Super Bowl

Betting on the Super Bowl has been happening since Vince Lombardi, and the Green Bay Packers were running power sweeps.

Fortunately for today’s NFL bettor, it has never been easier to place a Super Bowl wager. If you live in one of the many legalized states, you already have great operators open for business.

When you chose a regulated, licensed sportsbook, you have the peace of mind that there is a governing body in charge of ensuring these operators follow the rules and aren’t able to take advantage of their customer base.

If you don’t already have your different accounts set up, you will want to browse through the different bonus options available for setting up a new account.

Each operator has their own unique bonus offering to try and earn your business. Take the time to read through the details being offered.

Sometimes a free cash deposit comes with certain restrictions before you can withdraw it.

You can also download sportsbook apps in advance of opening an account and become familiar with their digital platform before you place bets.

Are they user-friendly and do they make it easy for you to find your game and place your bet?

A bettor has never had as many quality options to place their Super Bowl bets as they do today.

Give yourself some time to explore the options before you place your first bet.

Always Shop Around For The Best Odds

The Super Bowl is no different than all the other sports gambling events we like to break down and discuss.

If you are interested in making a wager or two on the big game, shopping around for the Best Odds is the best strategy and advice you can follow.

Let’s look at a very fun novelty prop bet, the total length of the national anthem.

The Over / Under on how long it would take grammy-nominated singer Mickey Guyton to perform last year’s national anthem was 92.5 seconds, 95.5 seconds, or 98.5 seconds, depending on which sportsbook you chose.

Depending on how you want to bet, you can gain an extra six seconds just by shopping around for your best odds.

That extra six seconds equates to an almost 7% edge for a bettor, just by picking the best line for their bet.

On a single wager, that 7% edge may or may not be a difference-maker., But over time, a 7% edge can significantly impact your overall profit and ROI.

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About the author

A fan of both the Cleveland Browns and Pittsburgh Steelers, which is rare! Thomas provides sports betting content with the intent to educate and en...

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