NFL Super Bowl LVII Betting Odds: Early Analysis, Contenders, and Pick Favorites

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Oddsmakers appear to have decided that five teams have a real shot to win Super Bowl 57. Only five of thirty-two squads offer odds of +1000 or lower to lift the Lombardi Trophy. The defending champion Los Angeles Rams are the +1000 choice. See below for the most updated Super Bowl 57 Betting Lines along with an odds analysis.

Updated Odds to win the Super Bowl 57 | 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 +940
Green Bay Packers +990
Los Angeles Rams +1000
Los Angeles Chargers +1400
San Francisco 49ers +1500
Denver Broncos +1550
Dallas Cowboys +1750
Baltimore Ravens +1975
Cincinnati Bengals +2000
Cleveland Browns +2200
Indianapolis Colts +2300
Philadelphia Eagles +2600
Tennessee Titans +3100
Arizona Cardinals +3100
Miami Dolphins +3500
Las Vegas Raiders +3600
New Orleans Saints +3900
New England Patriots +3900
Minnesota Vikings +4200
Washington Football Team +6400
Pittsburgh Steelers +7500
New York Giants +10000
Carolina Panthers +10000
Chicago Bears +11000
Jacksonville Jaguars +11000
Seattle Seahawks +11000
Detroit Lions +12000
New York Jets +13000
Atlanta Falcons +16000
Houston Texans +22000

Money lands on Bills and Buccaneers

In two weeks, Buffalo went from a +770 favorite to a +610 chalk. Tampa went from a +880 second choice to a +700 second choice.

Of the two teams, Buffalo’s odds make the most sense. The Bills were a Super Bowl contender in 2021. Buffalo improved their defense by signing Von Miller and offense by drafting running back James Cook. Not only that, but the Bills play in a division, the AFC East, that they should win.

The odds on Tampa don’t make as much sense. On paper, the Buccaneers look like the NFC South Division winners. But Tampa must play without tight-end Rob Gronkowski and lost a couple of key offensive lineman.

The defense may not be as effective this season as it was last season, which means if you’re looking to play one of the favorites, go with the Bills.

Green Bay and Kansas City offer under +1000 odds

The odds for both Green Bay and Kansas City are now less than +1000. At the odds, both teams appear to be plays against.

Green Bay won’t start a legit WR1. Packer fans hope Sammy Watkins is the guy, but Sammy has played in the league for a while and he’s never caught more than 65 passes, which he did his rookie season.

The Chiefs can win the Super Bowl. But the odds are too low. The AFC West should be the toughest, deepest division in pro football this season. Kansas City could be the best team and still miss the playoffs if they suffer injuries or the ball doesn’t bounce their way in a few games.

Rams, Chargers, 49ers, Broncos, Ravens, and Cowboys remain second tier choices

LAR, LAC, San Francisco, Denver, Baltimore, and Dallas qualify as second-tier Super Bowl choices. Among the group of six in the second-tier, the Broncos appear best.

Denver traded for former Seattle quarterback Russell Wilson. Russell gets to throw to a very good group of wide receivers led by former Alabama star Jerry Jeudy and underrated Courtland Sutton.

The offensive line is good. So Wilson shouldn’t have to run for his life. If Javonte Williams turned into the running back many expect he will, the Broncos should send one of the more effective offenses to field.

Denver had one of the league’s best defenses last season. If anything, the Broncos’ D should be better in 2022 than it was in 2021.

Cincinnati looks like the top overlay

Cincinnati’s odds have dipped from +2500 to +2000. But even at +2000, the Bengals remain the top overlay to win Super Bowl 57.

Cincy’s defense is very good. But the real reason to love the Bengals to repeat as AFC Champions and to win the Super Bowl is because Cincinnati signed former Dallas right tackle La’el Collins.

Collins, who played at LSU like Cincinnati quarterback Joe Burrow and wide receiver Ja’Marr Chase, solidifies the right side of the line. The left side is great, which means Joe will have more time to throw the football.

If Cincy had handled the Rams’ pass rush in Super Bowl 56, they probably would have won the Lombardi Trophy. Give Cincinnati a long look to win this season’s Super Bowl.

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