Super Bowl 58 Betting Trends & Futures Odds Report

For the latest 2023-24 Super Bowl Odds, Check Out Super Bowl Odds Report, Trends: Everything You Need To Know

Super Bowl betting trends are already getting established for the 2023-24 season, with slow-but-steady action as the preseson arrives. Apparently, there are customers who don't mind having their money tied up for the next several months.

There's no change at the top, with the Kansas City Chiefs favored to repeat in odds to win the Super Bowl. But there's still plenty to discuss in this NFL futures odds market.

Adam Pullen, assistant director of trading for Caesars Sports, provides insights on Super Bowl 58 betting odds, trends and action. Check back regularly for updates.

2023-24 Super Bowl Odds

Preseason Plays

Joe Burrow's calf injury hasn't yet impacted the Bengals' Super Bowl odds. (Getty)

Atop Caesars Sports' Super Bowl odds board are the defending Super Bowl champion Kansas City Chiefs, currently +600. No surprise, the Super Bowl runner-up Philadelphia Eagles are the +750 second choice.

The San Francisco 49ers and Buffalo Bills are +900 co-third choices, and the Cincinnati Bengals (+1000) round out the top five.

"Ticket-wise, people are betting on the top teams for the most part – Chiefs, Eagles, Bills, Bengals," Pullen said, noting he expects an uptick in market action with the preseason getting underway. "Once you get close to actual games being played, even the Hall of Fame Game, that's when action starts to pick up. I guarantee if the Browns and Jets look really good, we're gonna see some action on those teams.

"People come to opinions pretty quickly."

A key preseason issue for oddsmakers is staying on top of injury reports. For example, Bengals star QB Joe Burrow suffered a calf strain on July 27. Reports are that he could miss Week 1 against the Cleveland Browns, but there's no specific timetable yet on his return.

"That's what's gonna be a big thing. We've got to keep up with injuries," Pullen said. "We have to be really on the ball. Any one little injury can effect us quite a bit."

However, in the Bengals' case, Caesars stood firm at Cincinnati +1000.

"Obviously, news of Joe Burrow going down sets off an alarm. But it looks like it's not too serious," Pullen said. "It's a guessing game, and you have to be a little protective. But you can't go too crazy. We don't know yet if he'll be back in Week 2 or Week 8."

Updated on 05/25/2024
Bonus Code INSIDER1000 Claim Now

Trending Teams

Justin Fields' Chicago Bears are getting looks in Super Bowl betting trends. (Getty)

Along with teams atop the odds board, Pullen pointed to a few other outfits getting attention three weeks out from the NFL Week 1 kickoff of the Detroit Lions vs. Kansas City Chiefs.

"We're seeing Jets money, obviously," he said of a monthslong trend, with bettors – particularly in New York/New Jersey – piling on New York's Super Bowl odds and other season-long markets. "And then bettors are looking for some longer shots. The Bears have been the biggest one by far. They're our third-largest liability.

"There's also been love for the Seahawks. They've taken a lot of bets in recent days."

The Jets opened +3500 back in February, got as short as +1400 after landing Rodgers in a pre-draft trade with the Green Bay Packers. New York has since slipped just a bit to +1600, the seventh choice in Caesars' Super Bowl odds market.

Chicago opened at 100/1 and has been stable at half that price, 50/1, for the past month or so. Seattle opened +5500 and has made a notable jump up the board to +3500.

Ticket Takers and Money Makers

Lamar Jackson and the Ravens have moved up the Super Bowl odds board. (Getty)

At Caesars, three teams lead the way in both tickets and money, though not in the same order. The Bengals have taken the most bets in the Super Bowl odds market, followed by the Jets and the Eagles. Philly, the defending NFC champ, is No. 1 in money, New York is No. 2 and Cincy No. 3.

No surprise, the Jets are Caesars' top liability. But the second-largest liability might be a bit of an eye-opener.

"The Ravens are No. 2. We took a big bet on the Ravens a while ago," Pullen said.

Baltimore opened +3500 and is now into the +1800 eighth choice at Caesars Sports.

As noted above, Chicago is Caesars' third-largest liability, followed by the Detroit Lions and Miami Dolphins. Detroit, which had a strong finishing kick last regular season, opened +3000 and is now +2200. Miami, hoping Tua Tagovailoa is much less injury-prone, opened +3500 and now sits right behind Detroit at +2500.

"The Lions are an attractive proposition for a lot of people," Pullen said. "They made a significant jump late last season, trending in a positive direction. Bettors like to invest in those types of teams."

On the flip side, Pullen noted Caesars' biggest root-fors in odds to win the Super Bowl.

"The top three are the Buccaneers, Rams and Packers, followed closely by the 49ers, if you can believe that," Pullen said. "In Nevada, with the action San Francisco gets up north (Reno/Tahoe), 49ers money has us a small loser. But in the grand scheme overall, they're good for us."

San Fran, which played in the last two NFC Championship Games, is obviously a legit threat. Tampa Bay and Los Angeles, perhaps not so much. The Rams, two seasons removed from a Super Bowl win, are +7000 and the Bucs +8000, as they begin the post-Tom Brady era.

Flying Under the Radar

Derrick Henry and the Titans might be worth a Super Bowl betting flier. (Getty)

After the NFL Draft in late April, Pullen noted a few teams that he felt could be under the radar – perhaps even way under the radar – in 2023-24 Super Bowl betting trends:

In early July, Pullen pared it down to the last team on that list.

"I like to look at the teams that are eligible for a bounce-back season," he said. "So you look at the Titans at 100/1, or the Rams at 70/1, two years removed from winning a Super Bowl. But the Titans are the ones that stick out to me."

It makes sense, as Tennessee reached the playoffs three straight seasons and four out of five seasons before missing out in 2022-23. However, as the preseason begins, reports suggest QB Ryan Tannehill could soon be traded, possibly to the Atlanta Falcons.

Still, if Tannehill or Malik Willis or whomever can get on track at QB, and if Derrick Henry keeps being Derrick Henry, then Tennessee could be that bounce-back candidate.

Caesars opened Tennessee at +7000 and has since stretched out the Titans to their current 100/1.

"If they get some semblance of offense, then they could be a good team again," Pullen said. "It's just weird seeing the Titans at triple-digit odds. I'm not saying they're gonna win the Super Bowl. But Tennessee is maybe a team that has some value."

Where to place a bet this NFL Season?

  • Use our exclusive BetMGM Bonus Code VIBONUS1500 to unlock BetMGM’s welcome offer for new sportsbook users!
  • Compare the latest NFL Odds from the best sportsbooks before placing a bet on this week's games.
  • Check out the North Carolina Sportsbooks just before they launch legal online sports betting.