Super Bowl 58 odds for the 2023 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 58?
The Kansas City Chiefs (+550) are the favorite to win Super Bowl LVIII based on betting markets, followed by the Cincinnati Bengals at +800, Buffalo Bills at +900, 49ers at +900 and Philadelphia Eagles at +1000.
» Bet the Chiefs to win Super Bowl
Where will Super Bowl 58 be?
Super Bowl LVIII will be played in Las Vegas, Nevada on Sunday, February 11, 2024 at Allegiant Stadium. This will be the first time Nevada has hosted a Super Bowl, making it the 11th state to host the big game.
Super Bowl 58 Odds
|Team||Current Odds||Opening Odds|
|Kansas City Chiefs||+550||+600|
|San Francisco 49ers||+850||+900|
|Los Angeles Chargers||+2000||+2000|
|New York Jets||+2500||+2500|
|Green Bay Packers||+3500||+2500|
|Los Angeles Rams||+3000||+3000|
|New Orleans Saints||+5000||+3000|
|Las Vegas Raiders||+4000||+4000|
|New York Giants||+4000||+4000|
|New England Patriots||+6000||+5000|
|Tampa Bay Buccaneers||+8000||+8000|
Best Bet: Favorite to win Super Bowl 58
Los Angeles Chargers +2000
Through 3 years Justin Herbert has had to endure Anthony Lynn and Joe Lombardi castrating his talent. Kellan Moore isn’t perfect but he is a significant upgrade over the previous offensive coordinator, which improve the explosiveness of the Chargers offense.
This is the last year the Chargers have Justin Herbert’s cap hit under $10 million and should be concentrated on winning the championship.
» Bet the Chargers to win Super Bowl
Best Bet: Sleeper team to win win Super Bowl 58
Carolina Panthers +5000
The Panthers were a second-half blown lead against Tom Brady away from winning the division in 2022, despite firing their coach and trading away their star running back mid-season.
Frank Reich will provide the Panthers with a week to week game plan in terms of strategy and depending on the quarterback situation the Panthers could win a wide open division.
» Bet the Panthers to win the Super Bowl
Chicago Bears +6500
The Bears open the 2023 offseason in a position of power holding the first overall draft pick and with nearly $95 million in cap-space, the most in the league by a substantial margin.
The Bears most-likely will have Justin Fields as their starting quarterback, who is in year-3 of his rookie contract, allowing the team to upgrade the weapons around him.
As with the 2022 Jacksonville Jaguars, free-agent spending can have a significant impact in Year 1 combined with leveraging the first overall pick and the Bears should be playoff contenders.
In year one the coaching staff made significant steps forward in the middle of the season and fans in Chicago should enter the off season with optimism.
» Bet the Bears to win Super Bowl
Betting Trends for Past Super Bowl Winners
- The AFC has won 7 of the last 11 Super Bowls
- The AFC’s top seed has advanced to the Super Bowl in 7 of the last 11 seasons
- The AFC’s no. 2 seed has advanced in 2 of the last 4 seasons
- 6 of the last 10 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 11 years
Past Super Bowl Winner Preseason Odds
- 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 58 Winner?
If you’re betting on Super Bowl LVIII 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 which does not tie up cash for months.
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 58 winner an important concept to understand is the time value of money. The concept 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 58 bet will not be graded until February 2024 tying up funds wagered for many months.