With most of the big names in free agency signed to contracts (with the exception of Jadeveon Clowney and Cam Newton), the Super Bowl LV futures odds have seen some changes with the big one being Tampa Bay's ascent after signing six-time Super Bowl winner Tom Brady.
The GOAT heading to Tampa Bay has given instant credibility to a Buccaneers team featuring a talented young defense and a couple of terrific wide receivers in Mike Evans and Chris Godwin. The Bucs have seen their odds to win the Super Bowl rise to +1600, which ties them with Brady's previous team New England.
In addition to the loss of Brady, the Pats also saw three starters depart from their front seven (Danny Shelton, Kyle Van Noy and Jamie Collins) and have failed to add any impact players via free agency or trade. It looks like the end of an era in Foxboro but Belichick and company still have better odds than 24 teams in the league.
The defending Super Bowl Champions the Kansas City Chiefs have the best title odds at +600, followed closely by Lamar Jackson and the Baltimore Ravens (+700). The Ravens had the top regular season record in the NFL last season but were upset in their Divisional Round matchup with the Titans.
In third place are last year's NFC champion the San Francisco 49ers who traded away Pro Bowl lineman DeForest Buckner but managed to get a Top-15 draft pick in return.
The Panthers have been through a rough offseason even before cutting former MVP Newton who barely played in 2019 anyway. One of the best defensive players in the league in linebacker Luke Keuchly retired in January while Gerald McCoy, Dontari Poe, Vernon Butler, Mario Addison, Bruce Irvin, Eric Reid and James Bradbury have all departed as well. The Panthers have +6600 odds which is higher than only the Lions, Bengals and Redskins.
Here are the Super Bowl LV odds for every team in the NFL:
ODDS TO WIN 2020 SUPERBOWL
|Team||Odds to win|
|Kansas City Chiefs||+600|
|San Francisco 49ers||+800|
|New Orleans Saints||+1,100|
|Green Bay Packers||+1,600|
|New England Patriots||+1,600|
|Tampa Bay Buccaneers||+1,600|
|Los Angeles Rams||+2,500|
|Los Angeles Chargers||+2,800|
|Los Vegas Raiders||+3,300|
|New York Jets||+6,600|
|New York Giants||+6,600|
Understanding NFL futures odds
Sportsbooks release NFL futures odds pretty much as soon the confetti is falling to mark the end of the previous football season. There are many ways to wager on NFL futures but picking the outright winner of the Super Bowl is definitely the most popular. During the offseason and preseason, you'll be able to get a nice plus-money price on basically any team in the NFL as there is so much uncertainty around what will happen next year.
Even the current favorite, the Kansas City Chiefs, come in at +600. This means that a bettor stands to profit $600 on a $100 wager should Patrick Mahomes and company pull off the repeat. Or perhaps you're looking at a team with slightly longer odds. Let's take the Dallas Cowboys as an example. Here, you can profit $2000 on a $100 wager as Mike McCarthy's new squad has betting odds of +2,000.
Of course, futures odds are a fluid market. They can change every day based on news, injuries, suspensions, etc. And they will certainly change based around big NFL events, such as free agency and the draft. For example, a devastating injury to a starting quarterback on any of the top teams in the league would likely cause them to plummit down the futures odds board.
All the odds seen above are in American format. Should you find decimal format or fractional format easier to read, simply convert the odds using our simple odds converter tool.
Where can I bet on NFL futures odds?
Pretty much any sportsbook in the world will offer NFL futures odds as it is the most popular sport in North America to bet on. However, when choosing an online sportsbook, it's important to choose one that can be trusted, so check out our list of the top online sportsbooks in your region.
You'll also want to shop around a bit before placing a futures bet. It's not uncommon to find odds that could profit you a few extra dollars (or hundreds of dollars, depending on how much you wager) when comparing futures odds.