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Last Updated Sep 22, 2022, 9:35 PM

Super Bowl 57 Opening Odds Report

Super Bowl odds are getting plenty of September sizzle, with the NFL regular season now through two weeks. After two impressive victories, the Buffalo Bills are now even shorter favorites in odds to win the Super Bowl.

And there's been a changing of the guard as the No. 2 choice, from the Tampa Bay Buccaneers to the Kansas City Chiefs.

Several other teams are drawing interest, as well. Jason Scott, vice president of trading for BetMGM, shared his latest insights on Super Bowl betting odds and action.

2022-23 Super Bowl Odds

Popular Super Bowl Picks

Jalen Hurts has the Eagles at 2-0 and rapidly rising up the Super Bowl odds board. (Getty)

Not surprisingly, results of the first two weeks have led to even more action on two of the usual suspects in Super Bowl 57 odds. But there's another team that is interestingly gaining steam.

"Bills, Chiefs and Eagles," Scott said of current popular plays, while noting he doesn't think now is the time to jump on any of those outfits. "My personal opinion is that all three teams are poisonous odds right now. There's a long way to go, and a lot of injuries to appear and [get] healed, and lots of swings in performance."

Philadelphia is the surprise among those three teams. In February, the Eagles opened +4000 in BetMGM's Super Bowl odds market. After Week 1 of the regular season, Philly was already into +1400. Following a 24-7 Week 2 Monday night home win over the Minnesota Vikings, the Eagles are now +1100. That makes Philly the fourth choice, trailing only the Bills, Chiefs and Tampa Bay Buccaneers.

Good for Bettors/Good for Books

Josh Allen and the Buffalo Bills have shortened to +400 in odds to win the Super Bowl. (Getty)

Buffalo and Kansas City opened as the +750 co-favorites in BetMGM's odds to win the Super Bowl. The Bills' two impressive wins – at the L.A. Rams, and at home over the Tennessee Titans, both in prime-time games – helped shorten their odds to a tidy +400.

Meanwhile, the Chiefs hammered the host Arizona Cardinals in Week 1, then held off the Los Angeles Chargers in a riveting Week 2 Thursday nighter. K.C. is now the +650 second choice, while Tampa Bay is No. 3 at +700.

But among those three teams, Josh Allen and Co. are creating the largest concern.

"The Bills were our big liability prior to Week 1, and that liability has extended," Scott said.

In fact, Scott said among teams near the top of the Super Bowl odds market, the Chiefs are a good outcome. So too are the Green Bay Packers, currently the +1200 fifth choice.

Lack of Interest

Perhaps as noteworthy as the aforementioned Eagles interest, last season's Super Bowl participants aren't drawing much attention at all. The Los Angeles Rams, who beat the Cincinnati Bengals 23-20 in Super Bowl 56, opened +1100 and have since slid to +1600. L.A. (1-1) lost to Buffalo 31-10 in Week 1, then blew almost all of a 31-10 fourth-quarter lead to visiting Atlanta in a 31-27 victory.

Joe Burrow and the Bengals have been even less impressive. Cincy stunningly lost its home opener to the Pittsburgh Steelers, 23-20 in overtime. Then the Bengals got to face a Dallas team missing injured QB Dak Prescott. Cincinnati lost outright 20-17 as a 7.5-point road chalk and has now stretched out to +3000, after opening +1200.

Scott would love to see L.A. and Cincy start to pull it together.

"There's not huge interest, so both those teams are winners for us," he said.

Flying Under the Radar

With Jimmy Garoppolo back as the starter, the 49ers' Super Bowl odds improved.

After reaching last season's NFC Championship Game, the San Francisco 49ers opened +1600 to win the Big Game. That was good for seventh on the Super Bowl odds board. Following a lackluster 19-10 Week 1 loss at Chicago, and some lost faith in young starting QB Trey Lance, the Niners backed up to +2200.

But when Lance suffered a broken ankle early in the 49ers' Week 2 home win over Seattle, something interesting happened: San Fran's Super Bowl odds actually improved slightly. The 49ers are now +2000 at BetMGM, and Scott feels they're worth a look.

"I think the 49ers have a better chance with Jimmy G, if they can receive [any] luck with injuries," Scott said, before noting another team he feels is a little under-the-radar the moment. "Despite the division, the Chargers will be a force come end of the season."

Indeed, the AFC West could feature teams cannibalizing each other week to week. But the Chargers got a home win over the Las Vegas Raiders to open the season and most certainly could've won at Kansas City in Week 2. The Chiefs' 99-yard fourth-quarter interception return for a TD spoiled Los Angeles' upset bid.

The Chargers opened +2500 in February, sat at +1200 after Week 1 and are now +1600.

A couple of Big Apple long shots are getting attention at BetMGM, too.

"The Jets and Giants are popular, and not just in New York," Scott said, noting that while there's plenty of support in the Empire State, bettors across the country have thrown in a bit on those two teams.

The Giants are off to a 2-0 start. After opening +6600 in Super Bowl odds and sitting at 125/1 after Week 1 – despite a win at Tennessee – the G-Men are now back at +6600. On the flip side, the Jets are 0-2 and won't have starting QB Zach Wilson (knee) back before Week 4 at the earliest. The Jets opened at 150/1, slid to 250/1 and are now at 200/1.

Ticket Takers and Money Makers

Patrick Mahomes' Kansas City Chiefs are the +650 second choice at BetMGM in odds to win the Super Bowl. (Getty)

To no one's shock, the Bills and Chiefs are Nos. 1 and 2, respectively, in ticket count and money in BetMGM's Super Bowl futures odds. Sitting third in both tickets and cash are the Chargers.

As Scott noted above, the Bills are the biggest liability, actually followed by the Chiefs. But K.C. hasn't drawn nearly as much money as Buffalo, so Scott isn't as concerned by the Chiefs. Ditto for the normally popular Packers, drawing the fifth-most tickets and money.

"Both received mixed publicity preseason and are short enough so that liability is manageable," Scott said.

The Denver Broncos are BetMGM's third-largest Super Bowl odds liability. However, behind Russell Wilson, the Broncos haven't inspired much optimism for oddsmakers and bettors, following a 1-1 start. Denver opened +1600, dipped to +2000 after Week 1 and is now +2200.

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