Super Bowl Odds

In the sports betting world, there is arguably nothing bigger than the Super Bowl. Each year, the Super Bowl is one of the most-watched live events on TV. For sports bettors, it’s one of the most entertaining and popular games on which to wager. For sports bettors, tracking Super Bowl odds is of the utmost importance.

Virginia legalized sports betting in 2020 and Virginia sportsbooks launched soon after.

Current Super Bowl LVI Odds

Odds for Super Bowl LVI were posted at many sportsbooks before Super Bowl LV even took place. Oddsmakers calculate the opening odds based on the available and relevant information. But those odds are bound to change throughout the offseason as teams find ways to improve their rosters.

Of course, in some cases, rosters get worse and odds become higher. As the season progresses, oddsmakers adjust the odds as the true championship contenders begin to reveal themselves and separate from the pack.

Updated Super Bowl LVI Odds

Four NFL Teams Whose Super Bowl Odds Have Significantly Improved

Cleveland Browns

With how the Browns played in their first season under Kevin Stefanski, it is not shocking there is some excitement surrounding the team—especially considering the fight they gave the Chiefs in the playoffs. By stealing two defensive backs from the Rams to shore up their secondary, along with other additions, they appear better suited to compete with the elite teams in 2021—hence their odds improving by 900 points (+2500 to +1600).

Los Angeles Rams

With their defense, the Rams certainly have Super Bowl potential. But they needed to do something about their offense—and they did. By trading Jared Goff to the Detroit Lions in exchange for Matthew Stafford, the perception of their offense changed overnight. Their odds went from +2000 to +1000, but the excitement has since abated and their odds have slipped back to +1200.

Tampa Bay Buccaneers

Prior to Super Bowl LV, there was some underlying confidence in the Buccaneers—which, of course, changed after they dominated the Chiefs in the Big Game. With every starter from that Super Bowl team coming back, it is not surprising their odds have moved up 550 points from +1200 to +650.

Washington Football Team

As the champion of the worst division in the NFL in 2020, the Washington Football Team did not warrant any respect from oddsmakers in the opening odds (+6500). But since then, with the perception that Ryan Fitzpatrick could be good enough to lead the offense, their odds have taken a 1500-point jump to +5000. Basically, they are still a long shot, but a less historic one if they actually manage to win Super Bowl LVI.

Four NFL Teams Whose Super Bowl Odds Have Declined

New Orleans Saints

It should come as no surprise as to why the odds for the Saints have fallen— quarterback Drew Brees retired. The team still has a solid roster but going from a perennial MVP-candidate in Brees to either Jameis Winston or Taysom Hill is enough for their odds to go from +1800 to +4000.

Green Bay Packers

How is it that a team with no discernable roster losses has managed to see their odds go from +1800 to +2500? Because reigning MVP, Aaron Rodgers, has made it clear that he wants out and has no desire to ever play for the Packers again. Trade speculation caused the odds to rise, but there has been no indication that the Packers will comply with his trade requests or that Rodgers will sit out.

Seattle Seahawks

Like the Packers, the dip in the Seahawks’ odds (from +1800 to +2500) is all about quarterback drama. Their odds reached upwards of +3000 back when it seemed like there was a chance Russell Wilson might actually leave the team. But he is not going anywhere (or so it seems).

Baltimore Ravens

With the potential the Ravens offense has, it is not shocking that they are considered contenders. They have improved the offense by acquiring two wide receivers, Rashod Bateman (via the draft) and Sammy Watkins (via free agency). But with a couple of key losses on defense, their odds have slipped a little, from +1200 to +1400.

How To Bet On The Super Bowl Online

With more and more states legalizing sports betting, betting on the big game is becoming increasingly easier. Provided that you live in a state that offers legal online sportsbooks, you can simply create an account before the game, deposit money, and place a bet.

Types Of Super Bowl Bets Online

In addition to future bets, sportsbooks offer a variety of different bets for the Super Bowl. You will find prop bets ranging from who will score first, what the coin toss outcome will be, and much more. In addition, you can place wagers on traditional sports bet types such as the moneyline, point spread, and the over/under.

Online Sportsbooks In Virginia With Super Bowl Odds

Some of the most popular online sportsbooks in Virginia that offer Super Bowl odds include DraftKings, FanDuel, BetRivers, and BetMGM. 

Signing up for a sportsbook is as easy as creating an online account at an e-commerce store. Most major online sportsbooks offer a free welcome bonus to new players, which will help you get started oftentimes risk-free. Below are the new player bonuses for a few of the top online sportsbooks.

DraftKings New Player Bonus

Sign up at DraftKings and get a 20% match up to $1000 (5x playthrough) + $50 free bet with a $5 deposit.

FanDuel New Player Bonus

New players at FanDuel can claim up to a $1,000 free bet. Meaning FandDuel will reimburse you if you lose your first bet (max $1,000).

BetMGM New Player Bonus

The sportsbook welcome bonus at BetMGM is a deposit match bonus of up to $600. In other words, BetMGM will match your deposit dollar-for-dollar provided that it is $600 or less.

FAQs: Betting Odds For The Super Bowl