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

TeamCurrent OddsOpening Odds
Kansas City Chiefs+550+600
Cincinnati Bengals+900+900
Buffalo Bills+800+900
San Francisco 49ers+850+900
Philadelphia Eagles+900+900
Dallas Cowboys+1800+1400
Baltimore Ravens+2500+1800
Los Angeles Chargers+2000+2000
Detroit Lions+2500+2500
Jacksonville Jaguars+2500+2500
New York Jets+2500+2500
Green Bay Packers+3500+2500
Los Angeles Rams+3000+3000
Miami Dolphins+3500+3000
New Orleans Saints+5000+3000
Cleveland Browns+4000+4000
Denver Broncos+4000+4000
Las Vegas Raiders+4000+4000
Minnesota Vikings+4000+4000
New York Giants+4000+4000
Carolina Panthers+5000+5000
New England Patriots+6000+5000
Pittsburgh Steelers+6000+5000
Washington Commanders+6000+5000
Chicago Bears+5000+6600
Seattle Seahawks+6600+6600
Tennessee Titans+6600+6600
Atlanta Falcons+8000+8000
Tampa Bay Buccaneers+8000+8000
Indianapolis Colts+10000+15000
Arizona Cardinals+15000+25000
Houston Texans+20000+25000

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

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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.

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