Super Bowl Odds Report, Trends: Everything You Need to Know

Patrick Everson Sports Betting Expert

3 minute read

Super Bowl odds for 2023-24 are beginning to gain steam, with the Big Game coming up. As the field shrinks to two, so too do the prices.

The San Francisco 49ers are the favorite in odds to win the SuperBowl, but just barely so over their opponent Sunday in Las Vegas, the Kansas City Chiefs.

Here's everything you need to know about 2023-24 Super Bowl odds: action, line movement and betting trends. Check back regularly for updates and use our BetMGM bonus code to get the most out of your action.

Super Bowl 58 Odds

Playing Favorites

San Francisco stormed to the top of the Super Bowl odds board on the strength of a six-game winning streak. The run began in Week 10 – following a three-game skid – and helped the 49ers get to 11-3 SU, tied for the league lead with Baltimore.

As fate would have it, the Ravens and Niners met on Christmas night. And Baltimore rolled to an impressive 33-19 road victory. But that didn't knock San Fran from its perch atop odds to win the Super Bowl.

Several weeks later, with Sunday's game in Las Vegas rapidly approaching, Super Bowl futures odds are ostensibly the moneyline on the game itself. San Francisco is a -130 favorite and K.C. a +110 underdog in Caesars Sports' Super Bowl odds market.

Caesars might not mind if the 49ers tumble to the defending champion Chiefs. When the Niners are good, they consistently draw a lot of action in Nevada, particularly in Reno/Tahoe. Now, having played in four of the last five NFC Championship Games and in the Super Bowl once again, San Fran is getting bettors' attention in markets across the nation.

"Whenever a Bay area team does well, we usually don't do well," Pullen said. "The Niners resonate throughout the country, but there's a fervent fan base that comes to Nevada from California. As of right now, it's considerable liability, but not earth-shattering."

Chiefs Find Old Form

Kansas City and Philadelphia met in last season's Super Bowl, with K.C. earning a 38-35 victory. But the Chiefs (9-6 SU) were wobbly late in the regular season, going 2-4 SU in their last six games.

Likewise, Philly struggled mightily late in the year and ultimately lost at Tampa Bay on Wild Card Weekend.

Kansas City, though, has figured enough out to get to yet another Super Bowl. The Chiefs are on a 5-0 SU and ATS run.

"We'll be Chiefs fans," said Craig Mucklow, vice president of trading for Caesars Sports."

Liability Leaders

When the regular season ended, Mucklow ran down the short list of concerns in Caesars Sports' Super Bowl odds market. And perhaps surprisingly, the Buffalo Bills were at the top.

"The teams we're most concerned with are the Bills, 49ers and Cowboys," Mucklow said. "Any team from the Bay Area, we cheer against. As for Buffalo, the betting public saw through it – the 40/1 odds were very appealing to them. They saw the Bills' schedule would get easier.

"The Bills were a decent winner for us. Now, they're a huge winner for the clients."

However, Josh Allen and Buffalo once again came up short. The Bills lost at home to Kansas City 27-24 in the Divisional Round.

And Caesars dodged its Dallas liability when the Cowboys lost to the Packers on Wild Card Weekend. So now, the 49ers are the only real trouble spot for the book.

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Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson