Super Bowl Odds 2027: Favorites, Underdogs, and Betting Guide

Super Bowl LXI futures odds are already available at major sportsbooks, with teams' chances shifting week by week as the 2026 NFL season approaches. Here is a breakdown of the early favorites and an introduction to how Super Bowl betting works for newcomers.

Current Super Bowl 2027 Favorites

Early futures odds for Super Bowl LXI typically list the Kansas City Chiefs and Philadelphia Eagles as co-favorites, reflecting their recent dominance. The Chiefs' infrastructure — Patrick Mahomes at QB, Andy Reid as coach — makes them a perennial betting favorite regardless of recent results. The Eagles, as defending champions with Jalen Hurts locked up on a long-term deal, are the consensus NFC favorite. Outisde the top two, the Buffalo Bills (Josh Allen), Baltimore Ravens (Lamar Jackson), and San Francisco 49ers are the most frequently cited contenders.

How Super Bowl Futures Betting Works

Super Bowl futures betting allows you to bet on a team to win the Super Bowl at any point in the season. Odds are expressed as money lines — for example, +500 means a $100 bet wins $500 profit if the team wins the Super Bowl. The earlier you bet, the higher the potential payout because there is more uncertainty. Betting lines tighten as the season progresses and the field narrows.

Best Value Bets for Super Bowl 2027

Value in Super Bowl futures comes from betting teams at longer odds that have a realistic path to the championship. Mid-tier contenders like the Detroit Lions, Cincinnati Bengals, and Los Angeles Chargers often offer better value than the chalk favorites. Team rosters, injuries, and schedule strength all factor into which teams are undervalued in the early futures market.

Super Bowl Prop Bets

Super Bowl prop bets are wagers on specific in-game events — the length of the national anthem, the first score of the game, which player scores the first touchdown, the exact final score, and hundreds of others. Prop betting for the Super Bowl has become a major segment of the sports betting market. For more on Super Bowl matchup details heading into the 2027 game, see our Super Bowl matchup page. For complete game information, see our Super Bowl 2027 guide.