NFL Super Bowl 57 Odds Analysis: 2 Underrated Betting Picks, and 3 Underdogs

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When it comes to Super Bowl betting there are favorites and then there are favorites. The Bills, Chiefs, and Buccaneers are the top three favorites. But although those three teams are the true favorites, any team offering +2000 or less is also a favorite to win the Lombardi Trophy. In that sense, two teams offer higher odds than they should. When it comes to underdog Super Bowl contenders, three teams offer higher odds than they should. Keep reading for two undervalued favorites, and three underdogs that offer overlay Super Bowl Odds.

NFL Two Undervalued Favorites and Three Underdogs With Super Bowl Chances

2022-23 NFL Regular Season

When: Sep. 8, 2022 – Jan. 8, 2023

Two NFL favorites with better Super Bowl chances than their odds

Denver Broncos +1550

After trading for Russell Wilson, the Denver Broncos’ roster became one of the best in the league. Wilson ends up with a team with an excellent offensive line, group of receivers, and terrific defense.

Javonte Williams should emerge as one of this season’s top pass-catching running backs. Jerry Jeudy and Courtland Sutton are both difficult to cover, and Garrett Boles is one of the better left tackles in the NFL.

The defense will be one of the best units in the league. +1550 makes the Broncos an overlay.

Dallas Cowboys +1800

Like Denver, Dallas is an overlay at their current Super Bowl 57 odds. 2021’s NFL Defensive Rookie of the Year Micah Parsons leads a D that’s loaded at every level.

Parsons plays behind a defensive line that includes DeMarcus Lawrence and Dante Fowler Jr. Parsons linebacking mate Leighton Vander Esch is as solid as it gets.

The offensive line remains one of the best in football. CeeDee Lamb and Dak Prescott developed a great rapport last season. The Cowboys have a much better chance of winning the SB than the odds imply.

Three NFL underdogs with better Super Bowl chances than their odds

Las Vegas Raiders +3600

Derek Carr to Davante Adams has the chance to be this season’s best quarterback to wide receiver duo. Carr and Adams played together at Fresno State. The pair have great chemistry.

The Raiders’ offensive line is better than people think. The defense is good. Maxx Crosby is one of the best defensive ends in football. The AFC West is loaded, but the Raiders are good enough to compete for the division title.

Miami Dolphins +3600

The Dolphins had to upgrade their offensive line. In 2021, Tua Tagovailoa had to scramble much too often.

The Fins accomplished their primary offseason goal by signing Saints left tackle Terron Armstead. When Armstead is healthy, he’s one of the best left tackles in football.

Miami also traded for former Kansas City star wideout Tyreek Hill. Playing behind Armstead and throwing to Hill should help Tua perform the best he has as a pro.

The defense was solid last season. Miami’s D shouldn’t fall back in 2022. Miami may not win the AFC East, the Bills are in the East, but the Dolphins are a serious wildcard threat.

New Orleans Saints +3700

New Orleans upgraded both their offense and defense. On offense, the Saints loaded up at wide receiver to give quarterback Jameis Winston plenty of targets.

The Saints drafted former Ohio State player Chris Olave with their first round pick. New Orleans then signed free agent Jarvis Landy. Michael Thomas should be healthy this season and former backup quarterback Taysom Hill will play tight-end.

The defense, like what Miami has, is one of the best in the league. New Orleans not only has a chance for a wildcard, but the Saints’ roster is equal to the Buccaneers’. So the Saints could win the AFC South.

I have read enough, I need to place my bet now. What to do?