Opening Odds to Win Super Bowl 56: Chiefs Favorites to Win it All Again

The Kansas City Chiefs and Tampa Bay Buccaneers are slated to face-off at Super Bowl 55, but experts are already looking past that.

Odds for Super Bowl 56 have been released and Bovada is already listing the Kansas City Chiefs as the favorites to win it all next season.

At +500, the Chiefs are far ahead of the pack when it comes to hoisting the Vincent Lombardi Trophy in 2022.

Their Super Bowl LV opponents, the Tampa Bay Buccaneers, are tied for fourth-best odds in the NFL at +1300.

Obviously, odds can change after Super Bowl 55, especially as teams reshape their rosters through the draft, trades and free agency. However, here’s a look at the opening odds for the Super Bowl LVI winner.

Super Bowl LVI Opening Odds

Odds via Bovada as of Wednesday, February 3

  • Kansas City Chiefs +500
  • Green Bay Packers +1100
  • Los Angeles Rams +1200
  • Buffalo Bills +1200
  • Tampa Bay Buccaneers +1200
  • Baltimore Ravens +1600
  • San Francisco 49ers +1700
  • New Orleans Saints +2200
  • Seattle Seahawks +2200
  • Cleveland Browns +2500
  • Indianapolis Colts +2800
  • Tennessee Titans +2800
  • Miami Dolphins +3000
  • New England Patriots +3000
  • Dallas Cowboys +3300
  • Pittsburgh Steelers +3300
  • Los Angeles Chargers +4500
  • Arizona Cardinals +4500
  • Minnesota Vikings +5000
  • Carolina Panthers +5000
  • Las Vegas Raiders +5500
  • Philadelphia Eagles +5500
  • Atlanta Falcons +5500
  • Chicago Bears +6000
  • Washington Football Team +6000
  • New York Giants +7000
  • Denver Broncos +8000
  • Cincinnati Bengals +8000
  • New York Jets +10000
  • Jacksonville Jaguars +10000
  • Houston Texans +10000
  • Detroit Lions +12500

Now that every team’s odds have been listed, it’s time to look at some of the more noteworthy odds.

Notable Super Bowl 56 Odds

Kansas City Chiefs +500

The Kansas City Chiefs won Super Bowl 54, they’re in Super Bowl 55 and they’re now the favorites to win next year’s championship.

While notable players like RB Le’Veon Bell and CB Bashaud Breeland are free agents after this season, the Chiefs’ main core will be returning next season. 2021 is also the last season before QB Patrick Mahomes’ 10-year, $450 million contract kicks in. If the Chiefs want to win another Super Bowl, it’d better be sooner than later.

Green Bay Packers +1100

Despite that the Green Bay Packers lost to the Tampa Bay Buccaneers in this year’s NFC Championship Game, they’re still one of the favorites to win Super Bowl 56.

However, as of late, rumors have been swirling that QB Aaron Rodgers may want out of Green Bay. The Packers front office failed to address team needs last offseason, such as more receiving options for Rodgers.

If Rodgers were to be traded, the Packers’ odds of winning a Super Bowl anytime soon would decrease. If he stays, Green Bay will continue being NFC favorites.

Los Angeles Rams +1200

Less than a week ago, the Los Angeles Rams sent two first-round picks, a third-round pick and QB Jared Goff in exchange for QB Matthew Stafford.

The Rams haven’t had a quarterback as good as Stafford in a long time, with all respect to Goff. The trade already has some experts saying that Stafford could have a Top-5 QB season with the pieces that surround him in Los Angeles.

The Rams already have one of the best defenses in the league, so Stafford should improve their offense enough to make them a serious threat.

Buffalo Bills +1200

The Buffalo Bills quickly became one of the scariest offenses in the league when WR Stefon Diggs and QB Josh Allen developed immediate chemistry with each other.

Diggs led the league in receiving yards (1,535), while Allen threw for over 4,500 yards and 38 touchdowns.

The Bills made it all the way to the AFC Championship game, where they lost to the Chiefs 38-24. Knowing that they were so close to the team’s first Super Bowl appearance in decades will push them harder next season, especially if they can shore up their defense.

Tampa Bay Buccaneers +1300

To no one’s surprise, the 2020 NFC Champions are one of the favorites to win Super Bowl 56 and those odds may increase if they win this year’s championship on Sunday.

Sure, QB Tom Brady will be 44 years old next season, but he hasn’t shown any signs of slowing down after topping 4,500 yards and 40 touchdowns again. However, wide receivers Antonio Brown and scheduled to become free agents, so the Buccaneers may have to look elsewhere if one or both leave.

LB Lavonte David and IDL Ndamukong Suh are set to become free agents, which would affect the team’s defense if they left.

Tampa will also have $28 million in cap space to make things work, so expect some of their pending free agents to return.

Miami Dolphins +3000

The Miami Dolphins, with an improved defense, finished 10-6 on the season and allowed just 21.6 points against per game (5th).

Even though they didn’t make the playoffs, the Dolphins still have decent odds at winning Super Bowl LVI. They’re also the current favorites to land Houston Texans QB Deshaun Watson if they end up trading him.

The Dolphins have enough cap space to afford Watson and to bring in more offensive help for him. If Miami acquires Watson, the league may be on notice.

Dallas Cowboys +3300

The Dallas Cowboys looked promising last season until QB Dak Prescott was lost for the season with a gruesome ankle injury.

Now, Prescott is once again a free agent and all eyes are on the Cowboys. Dallas could end up franchise tagging him again or finally getting him extended, however, they only have $17 million in cap space.

This means that the Cowboys would have to restructure or get rid of some contracts. Either way, the Cowboys’ Super Bowl hopes hinge on Prescott — whether he stays or goes.

Pittsburgh Steelers +3300

There seems to be a lot of uncertainty for some teams regarding their quarterback for next year and the Pittsburgh Steelers are no exception.

QB Ben Roethlisberger is turning 39 years old and his play trailed off towards the end of last season. He’s also scheduled to have a cap it of $41 million — the highest in the league.

“Big Ben’s” cap hit further increases the Steelers’ cap problems as they have 14 upcoming free agents, including WR JuJu Smith Schuster, RB James Conner and DE Bud Dupree.

As of right now, the Steelers are expected to be $34 million over the cap, which means their team will likely look different next season and could impact their Super Bowl odds — for better or worse.

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Devon Platana
After graduating with a Masters degree in Journalism, Devon joined USGS to improve his sports writing skills. As a lifelong sports fan, one of Devon’s favorite things to do is analyze statistics across all sports.