NFL Super Bowl Odds: Odds and Favorite for Super Bowl 58

Fact Checked by Shannon Lane

Key Takeaways:

  • The Super Bowl 58 matchup is officially set, with the San Francisco 49ers and Kansas City Chiefs to square off for the Lombardi trophy to close out the 2023-24 NFL season.
  • The San Francisco 49ers are the odds-favorites to win Super Bowl LVIII with odds at -120. The Kansas City Chiefs Super Bowl odds sit at +100.
  • Super Bowl 58 will be held in Las Vegas on Feb. 11, 2024.

Niners celebrate

The field for Super Bowl 58 is officially set, with the San Francisco 49ers and Kansas City Chiefs set to face off at Allegiant Stadium in Las Vegas, Nevada in just under two weeks ā€” a rematch of Super Bowl LIV that 49ers fans will undoubtedly hope has a different ending this time around.

In their last Super Bowl matchup back in 2020, the Chiefs managed a 31-20 victory over the Niners, but this time around, San Francisco has a bit more fire power under its belt. Long gone are the days of Jimmy Garoppolo, Tevin Coleman, Kendrick Bourne and a 32-year-old Emmanuel Sanders playing. This is a whole new star-studded crew that could finally be a match for this Chiefs team, now set to play in their fourth Super Bowl within the last five seasons thanks to the budding dynasty that Andy Reid and Patrick Mahomes have constructed.

Odds opened up with the 49ers as narrow favorites over the Chiefs, with moneyline odds at -120 and the point spread at -2. The Chiefs' moneyline odds, meanwhile, are at +100. Fans of offense will be happy to hear that the point total is decently high at 47.5, which would mark the 13th-highest scoring Super Bowl matchup since the 2000 season, should the over hit.

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Super Bowl 58 Betting Odds: Latest Updates

Here's a look at the odds of the two teams remaining to win Super Bowl.

Who Is Favored to Win Super Bowl 58?

The San Francisco 49ers opened up as odds-favorites to win Super Bowl LVIII at -120 on DraftKings Sportsbook, with the Kanas City Chiefs sitting as narrow underdogs at +100. The 49ers are 2-point favorites in this game, which puts the projected margin between these two teams at under a field goal.

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What Are the Current Super Bowl Odds?

Current Super Bowl odds have the San Francisco 49ers as slight favorites at -120 moneyline odds, while the Kansas City Chiefs are narrow underdogs at +100. Expect Kentucky sports betting odds to continue to shift leading up to the game.

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Super Bowl 58 Opening Odds

Heading into the pre-Super Bowl bye week, the San Francisco 49ers are odds favorites to win Super Bowl 58 at -120 odds on DraftKings Sportsbook. Here's a look at how their odds shifted at NFL betting sites since opening back in February.

Playoff TeamCurrentEntering AFC/NFC ChampionshipFeb. 2023
49ers-120+145+900
Chiefs+100+380+600
LionsEliminated in NFC Championship+750+2500
RavensEliminated in AFC Championship+190+1800
BillsEliminated in divisional roundN/A+900
BucsEliminated in divisional roundN/A+8000
PackersEliminated in divisional roundN/A+2500
TexansEliminated in divisional roundN/A+30000
BrownsEliminated in wild-card roundN/A+4000
CowboysEliminated in wild-card roundN/A+1400
DolphinsEliminated in wild-card roundN/A+3000
EaglesEliminated in wild-card roundN/A+900
RamsEliminated in wild-card roundN/A+3000
SteelersEliminated in wild-card roundN/A+5000

*Note: Some promotions could increase these payouts with an odds boost or profit boost.

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Super Bowl 58 News

Super Bowl odds will continue to fluctuate throughout the NFL season with breaking news items. Here are some of the biggest "line-movers" we've seen since Kickoff:

  • šŸ“† Jan. 28: The Kansas City Chiefs defeated the Baltimore Ravens 17-10 in the 2023-24 AFC Championship to advance to Super Bowl 58. Meanwhile, the San Francisco 49ers won the 2023-24 NFC Championship. The two teams will face off in Super Bowl LVIII, with the 49ers opening up as 1.5-point favorites over the Chiefs in the Big Game.
  • šŸ“† Jan. 21: Matchups for the 2023-24 AFC and NFC Championships are finalized at the wrap of the divisional round. The No. 1 Ravens will host the No. 3 Kansas City Chiefs in the AFC Championship, while the No. 1 49ers will host the No. 3 Detroit Lions in the NFC Championship.
  • šŸ“† Jan. 15: The NFL's Super Wild-Card Weekend wraps, with the Ravens (first-round bye), Bills, Chiefs and Texans advancing to the divisional round in the AFC. In the NFC, the 49ers (first-round bye), Lions, Buccaneers and Packers advanced to the divisional round, officially narrowing the field of potential Super Bowl winners to eight teams.
  • šŸ“† Jan. 7: The 2023-24 NFL Playoff picture is finalized at the completion of Week 18. In the AFC, the Ravens have earned the No. 1 seed and a first-round bye, followed by the No. 2 Buffalo Bills, No. 3 Kansas City Chiefs and No. 4 Houston Texans rounding out the top four seeds. In the AFC wild card are the No. 5 Cleveland Browns, No. 6 Miami Dolphins and No. 7 Pittsburgh Steelers. In the NFC, the 49ers have earned the No. 1 seed and a first-round bye, followed by the No. 2 Dallas Cowboys, No. 3 Detroit Lions and No. 4 Tampa Bay Buccaneers rounding out the top four seeds. In the NFC wild card are the No. 5 Philadelphia Eagles, No. 6 LA Rams and No. 7 Green Bay Packers.
  • šŸ“† Dec. 31: The Ravens squash the visiting Miami Dolphins 56-19 on 33-19 on the road at Levi Stadium, improving their odds further to +300. Meanwhile, the Bills improved to 10-6 with a win over the Patriots, improving their chances to make the playoffs to 94% according to NFL Next Gen Stats, now with the third-best odds in the league to win Super Bowl 58.
  • šŸ“† Dec. 25: The Ravens defeat the 49ers on 33-19 on the road at Levi Stadium, closing the odds gap between these two teams significantly. Meanwhile, the Chiefs lost to the Raiders at home, shifting their odds from +700 to +800 ā€” the worst they've been since odds originally opened in early January 2023.
  • šŸ“† Dec. 10: The 49ers improved to 10-3 with a key divisional win over the Seahawks, moving their Super Bowl odds from +310 to +230. Meanwhile, the Ravens improved to 10-3 as the top-ranked team in the AFC, overtaking the Chiefs for the second-best odds in the league to win Super Bowl 58 at +550.
  • šŸ“† Dec. 4: Jaguars QB Trevor Lawrence suffers a high ankle sprain, which could sideline him down the stretch. Former Colts LB Shaq Leonard signs with the Eagles.
  • šŸ“† Dec. 3: The 49ers dominate the Eagles in a 42-19 win on the road, moving their Super Bowl odds from +330 to +310. Meanwhile, the Texans pop into the Super Bowl conversation, now at +3500, the ninth-shortest odds to win Super Bowl 58.
  • šŸ“† Nov. 30: TE Zach Ertz requests to be released from the Cardinals, who granted his request.
  • šŸ“† Nov. 29: The Jets designate QB Aaron Rodgers for return from IR after tearing his Achilles on Sept. 11.
  • šŸ“† Nov. 28: Colts RB Jonathan Taylor will miss 2-3 weeks with a thumb injury, and Vikings WR Justin Jefferson is activated off IR.
  • šŸ“† Nov. 27: The Panthers fire head coach Frank Reich just 11 games into his Carolina tenure.
  • šŸ“† Nov. 26: The 49ers take over as odds favorites to win Super Bowl 58 with a 31-13 victory over the Seahawks.
  • šŸ“† Nov. 24: The Commanders fire defensive coordinator Jack Del Rio after losing to the Cowboys.
  • šŸ“† Nov. 22: Chargers linebacker Joey Bosa is placed on IR with a right foot sprain.
  • šŸ“† Nov. 21: The Steelers fire offensive coordinator Matt Canada
  • šŸ“† Nov. 19: The Browns sign QB Joe Flacco to their practice squad following Watson's injury.
  • šŸ“† Nov. 17: The Bengals announce QB Joe Burrow is out for the rest of the season with a torn ligament in his throwing hand. Cincinnati's odds shift from +1300 to +12000.
  • šŸ“† Nov. 15: The Browns announce QB Deshaun Watson will miss the remainder of the 2023 season with a shoulder injury.
  • šŸ“† Nov. 14: The Bills fire OC Ken Dorsey after falling to 5-5 following a loss to the Broncos.
  • šŸ“† Nov. 1: The Raiders fire head coach Josh McDaniels, OC Mick Lombardi and GM David Ziegler, replacing them with Antonio Pierce as interim head coach and Champ Kelly as interim GM.
  • šŸ“† Oct. 31: The NFL trade deadline passes. The biggest trades include former No. 2 overall pick DE Chase Young to the 49ers, CB Rasul Douglas to the Bills, and DE Montez Sweat to the Bears.
  • šŸ“† Oct. 29: Vikings QB Kirk Cousins suffered a ruptured Achilles, ending his 2023 season. They'll move forward with QB Josh Dobbs, who was just acquired from the Cardinals at the trade deadline.
  • šŸ“… Sept. 28: The Lions beat the Packers on Thursday Night Football as mobile Kentucky sports betting opens.
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Super Bowl 58 Favorites

Predicting the Super Bowl winner each year isn't as simple as just copying over the win-loss records from the playoffs last season. There are a number of things to consider when evaluating potential Super Bowl favorites and their odds, including offseason additions and losses, injury news, and coaching changes.

Let's take a look at the two finalists in contention to win Super Bowl 58.

AFC: Kansas City Chiefs (+100)

  • šŸ“ˆ Strengths: Unbeatable trio of Mahomes, Reid & Kelce, defense
  • šŸ“‰ Weaknesses: Lack of reliable depth at wide receiver

The Kansas City Chiefs are heading into Super Bowl 58 with a ton of momentum after their disappointing regular season on offense. So far this postseason, the defense has shined, and so has the duo of Patrick Mahomes and tight end Travis Kelce, who looks healthier than he did all season long. Through three games this postseason, Kelce has totaled 23 receptions for 262 receiving yards and three touchdowns, with he and Mahomes officially breaking the record for most postseason touchdowns by a quarterback-receiver duo in NFL history, having now connected for 16 over their six seasons playing together. Between the fluidity the Chiefs are finally showing on offense and the strength they've displayed on defense all season long with playmakers Chris Jones, L'Jarius Sneed and George Karlaftis, among others, they've got as good a shot as ever to win Super Bowl LVIII.

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NFC: San Francisco 49ers (-120)

  • šŸ“ˆ Strengths: Offensive scheme and coaching, skill position players, front-seven on defense
  • šŸ“‰ Weaknesses: Right side of the offensive line, lackluster DB options beyond Charvarius Ward

The San Francisco 49ers escaped from their meeting with the Detroit Lions to advance to Super Bowl 58 ā€” but just barely ā€” as was the case in their divisional round game against the Green Bay Packers. After entering the half down 24-7 to the Lions, the 49ers came out to drop 17 points in the third quarter in a comeback for the ages. Still, despite being 2-point favorites in this game, the 49ers barely survived this game with the Lions on the back of a narrow three-point win over the No. 7 seeded Green Bay Packers; the momentum doesn't appear to be in their favor.

Though the 49ers have had some struggles this postseason, particularly in the first half, there's no doubt that they've got one of the best rosters, top to bottom, in the NFL along with one of the brightest offensive play-callers leading the charge in Kyle Shanahan. QB Brock Purdy continues to remain composed despite some of those struggles, while running back Christian McCaffrey continues to dominate in the run game, in particular. The biggest question now is whether or not their defense can put a stop to a rolling Patrick Mahomes-led offense, having just given up their second-highest point total and second-highest yardage total in the 2023 season in the NFC Championship Game.

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Super Bowl Prop Bets

One of the most enticing aspects of betting on the Super Bowl each year is the wide variety of Super Bowl prop bets. Here, we'll take a look at some of the different bet types available to wager.

Fun Super Bowl Props

One of the best parts of the Super Bowl every year? The selection of fun Super Bowl props to bet on! In addition to the widest selection of player props you're bound to find on any game throughout the season, there are also a lot of other fun Super Bowl prop bets you're able to bet on. These include wagers on the coin toss, what color Gatorade will be tossed on the head of the winning head coach, among others.

Here's a look at the results from some of the most interesting prop bets offered for the Kansas City Chiefs-Philadelphia Eagles Super Bowl 57 matchup.

  • āœ… Color of Gatorade shower: Purple
  • āœ… Result of coin toss: Tails
  • āœ… Which team will win the coin toss?: Chiefs
  • āœ… Will there be a "big man" touchdown?: No
  • āœ… Length of National Anthem: 2 minutes, 1 second

Super Bowl Player Props

Most Kentucky sports betting apps offer one of the widest arrays of player prop betting markets than will be offered during any game all year. Some of these include wagering on a player to score a touchdown, but there are also over/unders on regarding certain player performance metrics.

For quarterbacks, common Super Bowl player props include wagers on the number of pass completions, passing yards, and passing touchdowns. For running backs, common prop bets include the number of rush attempts, rushing yards, and combined props for rushing and receiving yards. Common player props for wide receivers and tight ends include wagers on their receiving lines, including their number of receptions as well as total receiving yards.

Team Super Bowl Props

There are a number of Super Bowl team prop bets to consider wagering on each season, including less common wager types that aren't offered for most games on a week-to-week basis. These kinds of prop bets can include wagers on what team will score first, the first team to call a timeout, which team will have the most sacks, and which will be the last team to score.

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Over/Under Super Bowl Props

The Super Bowl offers a wide selection of over/under bets, whether you prefer to wager on individual players or teams. Here are some examples of different over/unders available to wager on in Super Bowl 57 featuring the Kansas City Chiefs and Philadelphia Eagles, as well as their results.

āœ… Super Bowl 57 Point Total73
āœ… Total Combined Passing TDs4
āœ… Total Offensive TDs9
āœ… Total Defensive TDs1
āœ… Total Field Goals3
āœ… Patrick Mahomes Pass Yards182
āœ… Travis Kelce Receiving Yards81
āœ… Jalen Hurts Pass Yards304
āœ… Jalen Hurts Rush Yards370
āœ… A.J. Brown Receiving Yards96

Super Bowl Futures Props

Super Bowl Futures props are one of the few bets available all year long. This wager type asks sports bettors to predict which of the 32 NFL teams will win the Super Bowl. Unsurprisingly, the Kansas City Chiefs opened as the odds-favorite to win this year's Super Bowl following their victory over the Philadelphia Eagles at +600 odds. They are very closely followed by the Eagles, who have their odds to win the Super Bowl installed at +650.

Other Super Bowl Odds To Bet

Though a lot of the fun in betting on the Super Bowl lies with the unique betting options that are often unavailable for other matchups throughout the season, sportsbooks still offer the most common wager types, like wagers on the moneyline, point spread, and point total.

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Super Bowl Moneyline Bets

Super Bowl moneyline bets are among the most popular wagers to make on the Big Game, in part thanks to its simplicity. When placing a Super Bowl moneyline bet, you are simply picking which team will win the game, regardless of the margin of victory or how many total points both teams will score, combined.

The favorite in a Super Bowl moneyline bet is indicated with minus odds, where the number after the minus sign (-) tells bettors how much money they'd have to wager in order to win $100 profit. The underdog in a Super Bowl moneyline bet is indicated with plus odds, where the number after the plus sign (+) tells bettors how much profit they'd win with a $100 wager.

Super Bowl Point Spread Bets

Though the Super Bowl, by its very nature, showcases two of the very best teams in the NFL for a given season, it does not always mean those two teams are evenly matched. Super Bowl point spread bets offer oddsmakers a way to balance the scales between two unevenly matched teams.

The team favored to win is indicated with a minus sign (-), followed by a number indicating the point spread. In order for the favored team to "cover the spread," the favored team will need to win by more points than the spread is set at. Super Bowl underdogs are indicated with a plus sign (+), followed by a number indicating the point spread. An underdog team can cover the spread in one of two ways ā€” either by winning outright or by losing by fewer points than the spread is set at.

Super Bowl Totals Bets

Super Bowl total bets are one of the most popular wager types for the Super Bowl any given season, in part because of their simplicity. Betting on the Super Bowl point total requires bettors to predict the combined score of both teams. When placing a Super Bowl totals bet, bettors should consider each team's offensive and defensive strengths, as well as the weather when the game takes place at an outdoor stadium.

Super Bowl Alternate Lines Bets

Super Bowl alternate line bets provide opportunities for bettors to bet on lines other than the over/under installed by the sportsbooks at different odds. Different types of alternate lines might include alternate point totals or Super Bowl point spreads. Sometimes, sportsbooks will also offer alternate lines on player props, including passing, rushing, and receiving yard totals.

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Live Betting Odds For The Super Bowl

Live betting odds for the Super Bowl provide bettors with the opportunity to place in-game wagers on things like the moneyline, point spread, and point total. This provides bettors an opportunity to hedge their pre-game wagers to minimize losses if things appear to be going south, or to invest in new wagers based on current game statistics and trends.

Super Bowl Odds History

Even more fascinating than preseason predictions and Super Bowl odds is the history behind the Big Game. Here, we'll discuss some of the most notable pieces of history in the modern Super Bowl era, which dates back to the 1966 NFL season.

Super Bowl 57 Line Moves

Opening odds went live for Super Bowl 57 at the conclusion of the AFC Championship when the Kansas City Chiefs officially punched their ticket to face the Philadelphia Eagles in the Big Game. Most major sportsbooks had the Eagles and Chiefs' moneyline odds nearly even, but as the handle continued to pour in favor of the Eagles, the betting odds shifted. The Eagles closed as 1-point favorites over the Chiefs, eventually losing the game 35-38 as Kansas City outscored them 17-8 in the fourth quarter.

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How Have Odds for Previous Super Bowl Winners Matched Up with Their Performance?

Betting underdogs have more than had their place in recent Super Bowl history. Incredibly, the betting underdogs have won in eight of the last 15 seasons, dating back to the Steelers vs. Cardinals in Super Bowl XLIII. Only once in the last 15 years did a Super Bowl matchup have even odds, which was Super Bowl XLIX featuring the Seahawks vs. Patriots. 

That leaves just six Super Bowl favorites to have actually won the Lombardi Trophy in a game they were favored in over the last 15 years of Super Bowl history.

What Is the Biggest Upset in Super Bowl History based on Pregame Odds?

Based on the pregame odds, the biggest upset in Super Bowl history based on pre-game odds dates back to Super Bowl III. Despite the New York Jets entering the Super Bowl as 18-point underdogs to the Baltimore Colts, they. managed a stunning 16-7 victory, thanks to productivity on defense and run game support from RB Matt Snell, who led the team with 121 rushing yards and a score, also scoring the only touchdown of the game.

Baltimore quarterbacks Johnny Unitas and Earl Morral combined for 281 passing yards, zero touchdowns, and four interceptions in what would become the biggest upset in Super Bowl history.

ā­ļø Learn More: How to Read Odds & Lines

Which Team Had the Longest Odds to Win the Super Bowl?

The longest odds in Super Bowl history belong to Super Bowl XXIX, where the San Francisco 49ers were 18.5-point favorites over the San Diego Chargers. The 49ers won the game 49-26 to cover the spread, hitting the over on the game's point total, which had been installed at 53.5 points ahead of kickoff.

My Final Thoughts on Super Bowl Odds Updates

Super Bowl 58 odds will continue to fluctuate throughout the remainder of the offseason and throughout the year. Stick with me throughout the year as we continue to update the latest Super Bowl odds week by week starting with NFL kickoff.

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Super Bowl Odds FAQs

Author

Kate Magdziuk is an NFL betting expert for BetKentucky.com. She's written for NBC Sports Rotoworld, DraftKings Nation, Gaming Society, and 4for4 Fantasy Football. She'll use her expertise in fantasy football and sports betting to deliver the most up-to-date information available for Kentucky bettors.

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