Super Bowl Odds: Biggest Moves Following 2023 NFL Draft

The draft has come and gone, and with it leaves the last big chance for teams to change their rosters heading into the 2023 season.

It will be a few years before we truly know how teams performed in the draft — although there are some interesting ways to look at it — but public perception can lead to movement in Super Bowl odds.

That is exactly what happened to the Eagles, Ravens, Cardinals, and Texans.

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Eagles (+700) Second Favorite for Super Bowl 58

The Eagles entered draft weekend tied with the Bengals and 49ers at +900 to win the Super Bowl. They were behind the Bills, who checked in at +850, and the Chiefs, who remain favorites at +650.

Coming out of draft weekend, the Eagles now have the second-best odds at +700.

They are also the favorites for the NFC at +300.

The Eagles were universally praised for their draft. They arguably got value with each of their first-round selections — No. 9 pick Jalen Carter and No. 30 pick Nolan Smith — and they were able to grab Kelee Ringo, who drew first-round buzz before the draft, in the fourth round.

Philly also made a bargain trade for D’Andre Swift after the Lions selected Jahmyr Gibbs in the first round.

The Eagles were already one of the best teams in the league heading into the draft, and they look like an even better one coming out of it.

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Lamar Jackson Contract Boosts Ravens (+1800) Super Bowl Odds

The Ravens saw their odds shorten over draft weekend, but it had much more to do with Lamar Jackson than their draft picks.

Jackson signed a five-year, $260 million extension just hours before the first round kicked off.

Baltimore’s Super Bowl odds immediately climbed from +3000 to +2200 in the hours following the deal, and they now sit at +1800.

That continued improvement could be because of what was generally viewed as a quality draft by the Ravens.

They added a much-needed receiver for Jackson in first-round pick Zay Flowers, got good value on Trenton Simpson at No. 86 overall, and landed some key depth on Day 3.

Texans (+12500) Climb, Cardinals (+20000) Grab Longest Super Bowl Odds

The biggest trade of the first round featured the two teams with the worst Super Bowl odds heading into the draft. Now the Texans and Cardinals have swapped places at the bottom of the board.

After drafting C.J. Stroud with the No. 2 pick, potentially solving their quarterback problem, the Texans traded back up from No. 12 to No. 3 to pick the consensus best defensive player in the draft Will Anderson Jr.

That is a big influx of top-end talent for a team that desperately needed it. It also gives the new coaching staff a cornerstone to build around on each side of the ball.

The cost of the trade is up for debate, but that is a future question. For now, the Texans look like a better team heading into 2023, and their Super Bowl odds have improved from +20000 heading into the draft to +12500 today.

On the other side of that trade were the Cardinals, who after all of their draft maneuvering head into 2024 with two first-round picks and three third-round picks — potentially four depending on how the compensatory picks work out.

It was a great weekend for Arizona as they try to kickstart their rebuild, but those 2024 picks are not going to help them compete this season.

Unsurprisingly, the Cardinals now own the longest Super Bowl odds at +20000.

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2023 Super Bowl Odds