Super Bowl Odds 2025: Chiefs Still Favorites, 49ers Stalling After Loss

After another busy NFL slate in Week 3, the Kansas City Chiefs still lead the Super Bowl odds heading into their Sunday Night Football matchup with the Atlanta Falcons.

The Chiefs (+500) are one of five undefeated teams heading into tonight's 8:20 p.m. ET kickoff after beating the Baltimore Ravens and Cincinnati Bengals - two other top contenders across our best Super Bowl betting sites.

Kansas City is a 3-point favorite to beat the Falcons by the latest Sunday Night Football odds, but it isn't the only team with a chance to hoist the Lombardi Trophy in New Orleans this February.

In addition to our updated Super Bowl predictions, here is a look at the latest Super Bowl odds and how they may be impacted by the NFL Week 3 odds.  

Super Bowl odds: Contenders

Super Bowl odds from our best NFL betting sites | 🔥 = best odds | ❄️ = worst odds

• Chiefs (+500): Kansas City has already looked better through two weeks than it did last year, though it'll be tested without top rusher Isiah Pacheco
• 49ers (+650): San Francisco lost in Week 3 without Christian McCaffrey, Deebo Samuel, and George Kittle, and we'll see how much longer the Niners can withstand those absences
• Eagles (+1200): Philly shook off a tough loss on Monday Night Football to end the Saints' perfect season in a stellar defensive effort

Super Bowl odds: Long shots

Super Bowl odds from our best NFL betting sites | 🔥 = best odds | ❄️ = worst odds

• Cowboys (+3000): Dallas' inspired comeback effort came up just short on Sunday, but the defense has some serious questions to answer moving forward
• Vikings (+3400): Is Sam Darnold for real? Minnesota's offense came alive in Week 3, and its defense has played like one of the best units in football
• Steelers (+3500): Pittsburgh is quietly 3-0 after holding its first three opponents to 10 or fewer points ahead of next week's trip to Indianapolis
• Browns (+8000): Another lifeless effort from Deshaun Watson and Co. have oddsmakers fading this team's chances of making noise in January and February

Super Bowl favorites

Chiefs (+500)

What more is there to say about Kansas City? The two-time defending champions have already looked better through two weeks than they did last year when they won it all.

Wins over the Ravens and Bengals - two of the toughest opponents for the Chiefs across the Patrick Mahomes era - is one heck of a way to begin a title defense and an attempt to become the first team to ever win three straight Super Bowls.

We likely won't see these odds jump above +500 across our NFL betting sites until Kansas City loses a game. And as we saw last year, even that doesn't do much to deter oddsmakers from keeping the perennial champions from their rightful perch.

If they do win it all for the third straight time, a $10 wager via FanDuel would return a $50 profit.

Best odds: +500 via FanDuel | Implied probability: 16.67%

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49ers (+650)

San Francisco entered this week without Christian McCaffrey, Deebo Samuel, or George Kittle, but it still led by 10 points late in the fourth quarter against the Los Angeles Rams.

Then the Niners allowed 13 straight points to fall to 1-2 on the season, and they'll be without at least two of those aforementioned stars for the next few weeks.

Even so, our best sports betting sites barely moved the 49ers' odds despite back-to-back losses, as this team will still be dangerous if it can employ its full cast of characters in a postseason run. A $10 bet right now would return a $65 profit.

Best odds: +650 via DraftKings | Implied probability: 13.33%

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My Super Bowl pick to watch

Vikings (+3400)

Last week, we highlighted another NFC North team in the Green Bay Packers, who are still a compelling value at 24/1 with Jordan Love's return imminent.

But the Vikings absolutely deserve your attention right now after three straight wins to open the year - none more impressive than Sunday's 34-7 dismantling of the Houston Texans, a team that many have pegged for a long playoff run.

Sam Darnold (181 yards, 4 TDs) had one of his best games as a pro to lead Minnesota to its first 3-0 start since 2016, and the Vikings' +55 point differential is their second-best through three games in team history.

At this point, it isn't a question of whether this team is "legit" but just how far it can go in the playoffs if it reaches that point. Fade them at your own peril.

Best odds: +3400 via FanDuel | Implied probability: 2.86%

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Super Bowl preseason odds for all 32 teams

🔥 = best odds | ❄️ = worst odds

AFC championship odds

The Chiefs are still the team to beat in the AFC after dispatching the Ravens and Bengals in consecutive weeks.

Watch out for the Bills, who have jumped into the second spot after beating the Dolphins on Thursday Night Football. They sit just ahead of the Texans, who remain dangerous with C.J. Stroud under center.

(AFC Conference odds via bet365)

NFC championship odds

The NFC feels wide open after two weeks, as the 49ers and Lions - the conference favorites entering the season - both have a loss on their resume.

San Francisco is still the favorite ahead of the Philadelphia Eagles, who play on Monday Night Football. Those two sit ahead of Detroit, while the Cowboys and Saints have identical odds after the latter blasted the former on Sunday.

(NFC Conference odds via bet365)

Super Bowl 2025 exact matchup odds

If you're looking for a fun way to chase long-shot profits, you can try to predict the exact matchup for Super Bowl 2025. The current favorite is a (second) rematch between the Chiefs and 49ers, with those two teams featured prominently among all the top options in this market.

Be forewarned that the math typically isn't in your favor for a bet like these, as it's essentially a parlay on the AFC and NFC champions rolled into one bet. It's hard enough to predict one winner, so proceed with caution and view this as more of an entertainment bet with the upside of a major payday.

(Exact matchup odds via DraftKings)

Super Bowl 2025 exact result odds

As if it wasn't hard enough just to pick the finalists, you can make an even greater return if you accurately predict the exact result of Super Bowl 2025.

Once again, a repeat of last year's result - the Chiefs beating the 49ers - is the likeliest outcome in oddsmakers' minds, though these +1500 odds still only imply a 6.25% chance of that happening for a second straight year and third time in six seasons.

(Exact result odds via DraftKings)

Past Super Bowl winners

Super Bowl wins and appearances by team

Super Bowl odds over time

Latest odds via DraftKings.

How to bet on the Super Bowl

Betting into the Super Bowl market is one of the most popular but challenging things to do successfully as a sports bettor. You have to carefully consider a mix between a team's viability in the regular season and its aptitude for the postseason.

First, you need to consider a team's ability to make the playoffs, which feature seven teams in each conference with a first-round bye for the No. 1 seed. That last part is key - the top seed in each conference routinely reaches (and wins) the Super Bowl, so betting on an elite regular-season team is a solid way to succeed in this market.

That said, a team's postseason success tends to be highly correlated to quarterback play, coaching, and elite defense. That's been the formula for decades, and while a top-flight defense is perhaps the least important of those three, there are only so many franchise quarterbacks and championship-level coaches around.

That's why the Kansas City Chiefs, led by Patrick Mahomes and Andy Reid, have won two straight Super Bowls and three of the last five. It's also why most Super Bowl winners tend to enter the season with odds shorter than 10/1, as the teams with those key elements in place are the ones you can expect to survive through February.

How to read Super Bowl odds

A crucial step to betting on the Super Bowl is understanding how the odds work. Put simply, American odds represent how much money you would win on a $100 wager - or, in some cases, how much money you would need to wager to return $100.

Let's refer to an example. The Kansas City Chiefs opened with +750 odds to win the 2025 Super Bowl. That means a $100 bet at those odds would return $750 in profit, or a $10 bet would return $75 in profit. You could even bet $1 for a $7.50 return if Kansas City does indeed win its third consecutive championship this February.

A team like the Houston Texans, which opened at +2500 odds, would return a whopping $2,500 in profit if they win their first Super Bowl. Of course, those odds suggest they are much less likely to do so, as those +2500 odds represent an implied probability of just 3.85% according to our odds converter.

As we get closer to the Big Game, you may see a team dealing at "negative" odds. For example, the San Francisco 49ers were priced at -125 ahead of Super Bowl 58, meaning you would need to bet $125 to win $100, or $12.50 to win $10.

You'll want to be careful staking too much on bets with minus odds, as what can seem like a "sure thing" is always vulnerable to the chaos and unpredictability of sports.

Super Bowl FAQs

Who is the Super Bowl favorite?

The Kansas City Chiefs are the 2025 Super Bowl favorites with odds as long as +500 in Week 3. That implies a win probability of 16.67%, according to our odds converter.

Who won the Super Bowl last year?

The Kansas City Chiefs won Super Bowl 58, defeating the San Francisco 49ers in a 25-22 overtime thriller to win their second straight Lombardi Trophy.

When will the 2025 Super Bowl be played?

Super Bowl 59 will be played on Feb. 9, 2025.

Where will the 2025 Super Bowl be played?

The 2025 Super Bowl will take place at the Caesars Superdome in New Orleans, La.

How to watch Super Bowl 2025

FOX will broadcast Super Bowl 59 nationally on Feb. 9, 2025. While kickoff is yet to be announced, it will likely take place around 6:30 p.m. ET.

Who has the most Super Bowl wins? 

The New England Patriots and Pittsburgh Steelers have won six Super Bowls, tied for the most. 

Who has the most Super Bowl appearances? 

The New England Patriots have made it to the Super Bowl 11 times, the most of any team.  

When was the first Super Bowl? 

The first Super Bowl occurred in 1967 after the NFL and AFL merged. 

Which team won the first Super Bowl? 

The Green Bay Packers won Super Bowl I, defeating the Kansas City Chiefs by a score of 35-10.

How many teams haven't won the Super Bowl? 

Twelve teams have never won the Super Bowl. 

Super Bowl betting odds pages

Don't miss our all of our other NFL futures.

Here are our best Super Bowl betting sites:

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