Super Bowl 59 Odds Tracker: Predictions, Favorites & Sleepers

Super Bowl 59 odds for the 2024 NFL betting season have already been released by many sportsbooks. Below you can find current odds to win and best bets, including favorites and sleepers.

All betting lines are provided by BetMGM Sportsbook.

Prediction: Who will win Super Bowl 59?

The San Francisco 49ers (+550) are the favorite to win Super Bowl LIX based on betting markets, followed by:

• Kansas City Chiefs (+650)
• Baltimore Ravens (+900)
• Detroit Lions (+1200)
• Buffalo Bills (+1400)

» Bet the 49ers to win Super Bowl

Super Bowl 59 Odds

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Where will Super Bowl 59 be?

Super Bowl LIX will be played in New Orleans, Louisiana on Sunday, February 9, 2025 at the Caesars Superdome. This will be the eighth Super Bowl played in the Superdome and 11th in New Orleans.

Best Bet: Favorite to win Super Bowl 59

Baltimore Ravens (+900)

A bet on the Chiefs and the inevitable Patrick Mahomes certainly makes sense, but there is a reason no team has won three Super Bowls in a row. You need luck. Luck like the Ravens abandoning the run and turning the ball over on the way into the end zone in the AFC Championship Game. Those self-inflicted wounds aside, the Ravens are a decent team to back heading into 2024. They did lose some key players on defense, but Derrick Henry should help open things up even more for Lamar Jackson.

» Bet the Ravens to win Super Bowl

Best Bet: Sleeper to win Super Bowl 59

Houston Texans (+1500)

The Texans were one of the winners of free agency even before they acquired Stefon Diggs. While they did lose some key contributors on defense, they arguably upgraded those positions by bringing in Danielle Hunter, Denico Autry, and Azeez Al-Shaair. This roster looks ready to compete right now, and that is without even considering a second-year jump from C.J. Stroud.

» Bet the Texans to win Super Bowl

Betting Trends for Past Super Bowl Winners

• The AFC has won 8 of the last 12 Super Bowls
• The AFC’s top seed has advanced to the Super Bowl in 7 of the last 12 seasons
• 7 of the last 11 NFC teams to play in the Super Bowl were the top seed in the conference
• The NFC West has sent a team to the Super Bowl in 7 of the last 12 years

Past Super Bowl Winner Preseason Odds

• 2023: Kansas City Chiefs +600
• 2022: Kansas City Chiefs +800
• 2021: Los Angeles Rams +1400
• 2020: Tampa Bay Buccaneers +1000
• 2019: Kansas City Chiefs +600
• 2018: New England Patriots +600
• 2017: Philadelphia Eagles +4000

When Should you bet on the Super Bowl 59 Winner?

If you’re betting on Super Bowl LIX favorites, you should place bets closer to the start of the season — that way you’ll keep funds in your account for an extra couple of months or possibly use a risk-free bet that does not tie up cash for months.

If making a bet early, identify teams that could have volatility in their odds with a single trade or signing, take a chance on those teams, and gain closing line value.

When placing a future bet like the Super Bowl 59 winner, an important concept to understand is the time value of money, the idea that money is worth more now than the same sum will be worth in the future due to its earning potential in the interim.

Wagering now comes at an opportunity cost as the Super Bowl 59 bet will not be graded until February 2025, tying up funds wagered for a long time.