On September 7, 2023, the NFL season kicks off with the Kansas City Chiefs hosting the Detroit Lions in the first Thursday Night Football game. The Chiefs and Eagles, last year’s Super Bowl LVII participants, are the top two betting favorites to win Super Bowl LVIII, with odds of +600 and +650 respectively, according to DraftKings’ NFL futures board.
The AFC is dominating the Super Bowl betting odds, with five teams from the conference occupying the top eight spots. The Chiefs, Buffalo Bills, and Cincinnati Bengals are considered the “Big 3” teams from the AFC. While the Chiefs are favored to win with +600 odds, it’s been almost 20 years since a team won back-to-back championships. The Bills, who reached four consecutive Super Bowls in the 90s but fell short each time, are eager for redemption and have odds of +900. The Bengals, who made it to the Super Bowl two seasons ago, are fifth on the board with odds of +1100.
In the NFC, the Philadelphia Eagles are the favorites to win the NFC Championship again this season, with odds of +650. However, they will have to replicate last season’s success without two top assistant coaches. The San Francisco 49ers, who reached the NFC Championship with a third-string quarterback last season, are the second favorites from the NFC, with odds of +1000. The Dallas Cowboys, after firing their offensive coordinator, are the third favorites from the NFC with odds of +1400.
There are some long shots and teams with good value to consider. The Detroit Lions are the favorites to win the NFC North and have odds of +2200 to win the Super Bowl. The Los Angeles Chargers, led by quarterback Justin Herbert, have odds of +2500 despite his past injuries. The Miami Dolphins, with quarterback Tua Tagovailoa, also have odds of +2500. The Jacksonville Jaguars, who won a playoff game last season and are favorites to win the AFC South, have odds of +3000.
Looking back at the 2022 preseason favorites, the Bills were the top betting favorite at +550 odds to win Super Bowl LVII, but it was ultimately the Chiefs who emerged victorious. The preseason favorites, such as the Tampa Bay Bucs, Packers, and Rams, did not have successful campaigns, while underdogs like the Eagles and Seahawks exceeded expectations. The Giants and Jaguars, despite being dismissed in the preseason, went on to win a playoff game.
Overall, the Chiefs and Eagles are the teams to watch at the start of the 2023 NFL season, but there are several strong contenders in both the AFC and NFC. With a mix of favorites, long shots, and past surprises, the race to Super Bowl LVIII is shaping up to be an exciting one.