NFL Super Bowl 57 Betting Update: Odds Have Shifted for Panthers, Packers, and Browns

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Super Bowl odds haven’t changed much in the past couple of weeks. But there are a couple of things, NFL Super Bowl handicappers should notice. First, see below for updated Super Bowl Odds. Then, read about the key things to know as we head into the final two weeks of July.

Updated Super Bowl 57 Odds After A Few Trades Have Taken Place | NFL Betting Analysis

Super Bowl LVII

When: Sunday, Feb. 12, 2023
Where: State Farm Stadium, Glendale, AZ
TV: Fox

Updated Super Bowl 57 Odds

Buffalo Bills +610
Tampa Bay Buccaneers +700
Kansas City Chiefs +950
Green Bay Packers +1000
Los Angeles Rams +1025
Los Angeles Chargers +1400
San Francisco 49ers +1525
Denver Broncos +1550
Dallas Cowboys +1750
Baltimore Ravens +1950
Cincinnati Bengals +2000
Indianapolis Colts +2200
Cleveland Browns +2400
Philadelphia Eagles +2600
Tennessee Titans +3100
Arizona Cardinals +3100
Miami Dolphins +3500
Las Vegas Raiders +3600
New England Patriots +3900
New Orleans Saints +4000
Minnesota Vikings +4200
Washington Football Team +6600
Pittsburgh Steelers +7500
Carolina Panthers +9500
New York Giants +10000
Chicago Bears +11000
Jacksonville Jaguars +11000
Seattle Seahawks +11000
Detroit Lions +12000
New York Jets +13000
Atlanta Falcons +16000
Houston Texans +22000

Odds on the Browns and the Packers to win the Lombardi Trophy are rising

It’s subtle and by no means does it mean the Browns or Packers can’t win the Super Bowl, but he odds on both contenders are rising. Cleveland has posted the more pronounced odds rise.

At one point, the Browns were a +1400 choice to win the Lombardi Trophy. After dealing Baker Mayfield to the Panthers, the odds on Cleveland have gone up to +2400 from +2200 a couple of weeks ago.

The odds will significantly rise if the NFL decides to suspend Deshaun Watson for half a season, which is the current rumor regarding Watson’s eligibility. If that happens, Cleveland could approach the +3900 to +4000 territory.

Green Bay’s odds have floated up 10 from +990 to +1000. The Packers remain one of the chalks to win the Lombardi Trophy. But their odds are on an upward trend.

The main reason is that NFL handicappers have begun to realize how thin Green Bays receiving depth is. Aaron Rodgers is a great quarterback. But all quarterbacks require someone to throw the football too and future bettors don’t know who AR’s prime target will be this season.

So far, handicappers aren’t biting on the Dolphins, Saints, Raiders, or Patriots

Miami, New Orleans, Las Vegas, and New England offer overlay odds to win the Super Bowl. All four are playoff contenders.

Among the four, the two teams that offer the highest overlay odds are New Orleans and Las Vegas. The Saints can upset the Buccaneers and win the NFC South. New Orleans is much better this season than they were last season.

The Raiders can upset Kansas City, the L.A. Chargers, and Denver and win the loaded AFC West. Las Vegas was a playoff team last season. The Raiders are better in 2022.

Even with Baker, Carolina remains a massive underdog

The Panthers traded for Baker Mayfield, which is why Carolina’s odds to win the Super Bowl went from +10000 to +9500.

The odds imply the Panthers have no chance. On paper, they don’t. Even if Baker has the best season of his career, Carolina will lose to the Saints and Buccaneers because the defense is a paper tiger.

If you’re looking to back a big time longshot this week, go with the New York Giants. The Giants have a decent offense and the defense should be good. Not just better from last season, but good.

Denver, Kansas City, and the L.A. Chargers are the biggest underlays and the Bengals are the biggest overlay

No AFC West team should offer odds lower than +2000. The reason is because all four AFC West teams can win the division. So the Chargers, Chiefs, Broncos, and Raiders should take turn beating each other.

Cincinnati remains the best overlay pick. The Bengals should win the AFC North. So Cincinnati shouldn’t offer higher odds than Baltimore.

Also, the Bengals are more proven than the Packers, Chargers, Broncos, 49ers, and Cowboys. We hate to sound like a broken record, but if you want to back a legit Super Bowl contender at overlay odds, Cincinnati is the team to back.

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