Super Bowl 2024-25 Betting Odds: Can the Chiefs Three-peat?

• • AFC  -1.5 (-110)
  • NFC +1.5 (-110)

With the Chiefs being the current favorites to win Super Bowl 59, it’s not surprising to see the AFC as a slight favorite in this market. The Conference features more top-end quarterbacks (Patrick Mahomes, Josh Allen, Joe Burrow, Lamar Jackson, C.J. Stroud, Aaron Rodgers, etc.), and that matters when it comes to the postseason.

Note that these Super Bowl odds for this market have not moved since they were initially made available in the summer. The AFC has been a -1.5 favorite on the point spread since these odds opened! Also worth noting is that the Ravens, Texans, and Bills have helped push the AFC ahead of the NFC.

Also, the over/under is currently listed at 50.5 points for Super Bowl 59. Oddsmakers expected a fairly high-scoring contest, which is currently projected to be another rematch between the Chiefs and 49ers!

Both conferences have elite teams, but the AFC is just deeper with better overall quarterback play, which explains the lower odds.

Kansas City Chiefs (+500)

What more needs to be said about the Kansas City Chiefs? They have now won back-to-back Super Bowls and have hoisted the Lombardi Trophy three times since 2019. They enter the 2024 season with the goal to complete the three-peat for the first time in NFL history. The Chiefs are off to a perfect 5-0 start despite dealing with a host of injuries to the offense.

The Chiefs’ Super Bowl 2024-2025 odds have settled in at +500 after experiencing an up-and-down road this summer. They opened as a +425 favorite, and then witnessed a jump to +550. Public sentiment was falling on the Chiefs before they dropped to +500 before kickoff for this season.

Although the Chiefs lost Rashee Rice to an ACL injury, they had no issues clearing the New Orleans Saints in Week 5. The Chiefs pulled away for a 26-13 win to oust the Saints on the road. TE Travis Kelce is beginning to wake up following a slow start, while WR Xavier Worthy is developing into a dangerous deep ball threat

Rice recently underwent surgery to repair his ACL, but the Chiefs are remaining optimistic that he could return this season. The best-case scenario is likely having Rice ready for the playoffs. However, Mahomes has to prepare for a full year without his favorite slot target.

WR Marquise Brown was injured early in the season and will be unavailable until at least January. Brown figured to be a focal point of the offense, but he and Rice are in the same position in the rehab room.

Nevertheless, as long as QB Patrick Mahomes is healthy, the Chiefs will always be a dangerous threat offensively. There were brief rumors about the Chiefs swinging a deal for Davante Adams, but the Jets acquired the talented receiver from the Las Vegas Raiders.

On the defensive side of the ball, the defense remains mostly intact, with Chris Jones signing a monster extension this offseason. They lost impact cornerback L’Jarius Sneed to free agency, but the secondary has still held up reasonably well.

As long as Mahomes is healthy, the Chiefs should be the favorites to win any Super Bowl. He is the undisputed best player in the NFL, and it’s only right that the Chiefs are monster favorites to win Super Bowl LIX this year. As the second richest owner in the NFL, Clark Hunt is likely in for another huge payday!

San Francisco 49ers (+650)

For the second time in five years, the San Francisco 49ers held a lead late in the fourth quarter of the Super Bowl. And once again, they were unable to close out the game. They’ve been the NFC’s best team for the better part of the last five seasons, and have yet to find a way to finish in the biggest games of the year.

The good news for San Francisco is that they remain the favorites to win the conference despite a .500 record through Week 6. The 49ers have arguably the best roster in the NFL, and Brock Purdy is only getting better each season.

However, from watching the 49ers this season, you wouldn’t know they have the best odds to win the NFC Championship. The 49ers have won three of their first six games and are in a tie with the Seattle Seahawks for the lead in the NFC West.

It hasn’t been a stellar start for the 49ers, but they are still the top contenders to beat, according to the latest 2024-25 Super Bowl betting odds.

The thought process with the 49ers maintaining a top price is quite simple. Bettors believe RB Christian McCaffrey will make his return in time for the playoffs, and the 49ers’ offense should be humming. Currently, McCaffrey’s timeline for a return is still a major question mark.

49ers HC Kyle Shanahan confirmed that RB Christian McCaffrey has experienced bilateral achilles tendinitis for some time, but that the condition is more concentrated in one leg than the other. pic.twitter.com/DGpM3PiNFN

— Adam Schefter (@AdamSchefter) September 30, 2024

The Brandon Aiyuk contract saga came to an end just in time for Week 1. After a back-and-forth between Aiyuk and 49ers’ management throughout the summer, the wide receiver came to terms on a four-year, $120M extension. Aiyuk had been demanding a trade, but the 49ers reeled him back in with a bag of money.

The 49ers’ Super Bowl 59 odds reacted favorably to the news, as their price pushed down to +625 from +650. In addition to Aiyuk’s contract, the 49ers came to terms with left tackle Trent Williams. However, the mediocre start to the season hasn’t pushed the 49ers’ price in a favorable direction.

San Francisco is coming off a huge 36-24 win over the Seattle Seahawks this past week on Thursday Night Football. This could be a season-changing victory for the 49ers. They appear to have their confidence and momentum back, so look for them to improve considerably on their 3-3 record.

Baltimore Ravens (+650)

The Ravens are back in the top three after an impressive win over the Bills in Week 4. Entering last week, the Ravens had +1200 odds to win the Super Bowl. They are down to +650 following a 4-2 start and three consecutive wins.

Following the 35-10 win over the Bills, the Ravens were +800 to win the Super Bowl. Two wins later, including over the Bengals and Commanders, the Ravens’ Super Bowl 59 betting odds have dipped to +650!

For the Ravens to reach their full potential, there are some faults with this Ravens’ side that must be resolved. They lost some key defenders in the offseason, and the secondary has been vulnerable as expected with these departures.

The Ravens are just 31st in the NFL, with 275.7 yards passing allowed per game.

However, the offense is in top form, and Derrick Henry is having one of the best seasons of his career in Baltimore. The QB option with Lamar Jackson and Henry is killing defenses with the amount of pressure they’re applying.

Derrick Henry so far this season has been incredible:

#1 in Rushing Yards
#1 in Rushing Touchdowns
#1 in Carries
#1 in Rushing Yards per game
Has the longest rushing touchdown this year
Averaging 5.9 YPC, the highest in his career pic.twitter.com/3zhN7GHwrt

— The Ravens Realm (@RealmRavens) October 15, 2024

If the Ravens can get their defense in order, they are going to be a tough assignment for any team in the playoffs. Jackson needs an elite defense for postseason success, and this isn’t it at the moment.

The Bengals gave them a tough game in Week 5, but the Ravens prevailed in overtime by a score of 41-38. They responded with a touchdown victory over the Commanders.

With future games against the Buccaneers, Browns, and Broncos, they have a great chance to advance to 7-2 over the next three matchups! Look for the Ravens to remain one of the favorites to win Super Bowl 59 through October.

Detroit Lions (+900)

The Detroit Lions are by themselves with the fourth-shortest odds at Bovada. Following a 47-9 dismantling of the Dallas Cowboys, the Lions’ odds to win Super Bowl 59 dropped to +900 from +100. They are off to a 4-1 start through the first five games of the season.

Coming off a bye week, the Lions were well-prepared to embarrass the Cowboys at AT&T Stadium. The offense was in dynamic form, as they scored via multiple offensive sets and plays.

Whether it was a double-reverse flea flicker to Sam LaPorta, or David Montgomery running hard to the end zone, the offense was flawless for the Lions.

FLEA FLICKER TO LA PORTA! TOUCHDOWN @Lions!

📺: #DETvsDAL on FOX
📱: https://t.co/waVpO909ge pic.twitter.com/qrPoPtCmo4

— NFL (@NFL) October 13, 2024

This is typical for a Lions squad that is equipped with an array of weapons, including one of the best offensive lines in football.

QB Jared Goff has passed for 1,330 yards, eight touchdowns, and four interceptions on 71.1% completions. These may not be video game numbers, but the Lions’ offense is well-balanced and striking in several different means to keep defenses guessing.

While the offense is rolling, the Lions received bad news with a gruesome injury to Aidan Hutchinson in their win over Dallas.

Hutchinson broke his left tibia and fibula, which is a season-ending injury. It’s a long shot that Hutchinson will be ready for the playoffs, which hurts the Lions and his Defensive Player of the Year odds.

The Lions have the offensive prowess, but Hutchinson’s absence should be felt in the trenches in key games. That being said, the Lions still have a capable defense, but without Hutchinson, it might be difficult to get over the top!