2023-24 NFL Super Bowl Odds

How Super Bowl Winner Odds are Set

Super Bowl futures odds are set by sportsbooks. The odds are essentially a prediction of which team will win the Super Bowl at the end of the season. These odds are typically released shortly after the previous season ends and are adjusted throughout the offseason and regular season based on team performance, injuries, and other factors.

Oddsmakers use a number of different methods to set Super Bowl futures odds. They will look at team performance from the previous season, any off-season trades or free agency signings, the strength of the team's schedule, and any other factors that could impact the team's chances of winning the Super Bowl. They will also look at the betting patterns of their customers and adjust the odds accordingly.

When setting Super Bowl futures odds, oddsmakers will typically list the teams in order from most likely to least likely to win. The favorite will have the lowest odds, while the longshot will have the highest odds. For example, if the New England Patriots are the favorites to win the Super Bowl, they may have odds of +500, meaning that a $100 bet on the Patriots to win the Super Bowl would pay out $500.

It's important to note that Super Bowl futures odds are not a guarantee of a team's performance, and they can change rapidly throughout the season based on team performance and other factors. However, they can provide a useful tool for bettors looking to make informed bets on the outcome of the Super Bowl.