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Patrick Mahomes #15 of the Kansas City Chiefs celebrates with the Vince Lombardi Trophy as we look at 3 reasons why NFL bettors need FanDuel
Patrick Mahomes #15 of the Kansas City Chiefs celebrates with the Vince Lombardi Trophy after defeating the Philadelphia Eagles 38-35 in Super Bowl LVII at State Farm Stadium on February 12, 2023 in Glendale, Arizona. Photo by Christian Petersen/Getty Images via AFP.

From comeback winners to long-shot futures, there is no shortage of Super Bowl betting history for the Big Game. We have you covered with the best historical trends for the Super Bowl using NFL odds from our best Super Bowl betting sites.

No sporting event is more synonymous with betting than the Super Bowl. Over the years, there have been several memorable and seemingly improbable outcomes in the NFL’s championship game, and there is no shortage of Super Bowl odds available this year, too.

While we will advise against making your Super Bowl predictions based solely on betting history, it may at least be worth considering some of the Super Bowl trends found in this article from a broad perspective.

Here's a look at the betting history of the Super Bowl after the Kansas City Chiefs beat the San Francisco 49ers in Super Bowl 58 and the best NFL picks over the years.

Recent Super Bowl winners

SeasonWinning teamPreseason oddsPregame odds
2023Chiefs+600+110
2022Chiefs+1000+100
2021Rams+1200-200
2020Buccaneers+1000+140
2019Chiefs+600-130
2018Patriots+600-135
2017Eagles+4000+170
2016Patriots+600-145
2015Broncos+900+180
2014Patriots+650+100

As you might expect, betting a team to win it all before the start of the season has afforded a much larger payout than betting that same team before the Super Bowl itself. But it's interesting to note that six of the last 10 Super Bowl winners were not the favorite going into the game. 

The 2015 Broncos, 2017 Eagles, and 2021 Buccaneers were all underdogs of +140 or higher in their respective Super Bowl matchups. Despite going into the 2021 season with 12-1 Super Bowl odds, Los Angeles became the largest pregame favorite at -200 odds to win the title.

The Chiefs (+600) entered this season as the consensus title favorites, while the 49ers (+1000) weren't far behind.

Long-shot Super Bowl winners

We've seen several long-shot Super Bowl winners over the years. Depending on when a bettor bought into a team on the futures market, sometimes the best value has turned up in the middle of the regular season.

The following list looks back on some impressive value that has been available on Super Bowl winners over time.

  • 1980 Oakland Raiders: +3500 preseason and +1500 entering Wild Card Round
  • 1981 San Francisco 49ers: +5000 preseason
  • 1999 St. Louis Rams: +15000 preseason
  • 2001 New England Patriots: +6000 preseason and +1400 entering AFC Championship
  • 2007 New York Giants: +5000 entering Wild Card Round and +1500 entering NFC Championship
  • 2010 Green Bay Packers: +2800 entering Week 16
  • 2011 New York Giants: +5000 entering Week 14
  • 2012 Baltimore Ravens: +3000 entering Week 16
  • 2017 Philadelphia Eagles: +4000 preseason and +600 entering NFC Championship
  • 2020 Tampa Bay Buccaneers: +1800 entering Week 6

Underdog Super Bowl winners

Dating back to 2009, 10 of the last 15 Super Bowl winners were actually betting underdogs of even-money or higher going into the big game itself. That includes each of the last two years with the Chiefs winning outright as underdogs:

  • 2023 Kansas City Chiefs (+110)
  • 2022 Kansas City Chiefs (+100)
  • 2020 Tampa Bay Buccaneers (+140)
  • 2017 Philadelphia Eagles (+170)
  • 2015 Denver Broncos (+140)
  • 2014 New England Patriots (+100)
  • 2013 Seattle Seahawks (+110)
  • 2012 Baltimore Ravens (+175)
  • 2011 New York Giants (+130)
  • 2009 New Orleans Saints (+180)

Comeback Super Bowl winners

The increased availability of live (in-game) wagering in recent years has opened up even more opportunities for plus-money value on the Super Bowl. That proved true once again in the 2024 Super Bowl, as the Chiefs erased four separate deficits to win their second straight Super Bowl.

It was also the third time in Patrick Mahomes' career that his team has erased a double-digit deficit to win the Super Bowl, which has provided plenty of chances for bettors to score big on the Comeback Kid. Two of those came at the expense of the 49ers, who have now blown a 10-point lead in each of their last two title appearances.

While live betting hasn’t been around all that long, and thus limits the ability to pin down what these Super Bowl winners were (or might have) been priced at when facing their deficits, you would have to believe that the odds would have led to a big payout for many of these teams:

  • 2023 Kansas City Chiefs: Trailed 10-0 vs. San Francisco 49ers; won 25-22
  • 2022 Kansas City Chiefs: Trailed 24-14 vs. Philadelphia Eagles; won 38-35
  • 2019 Kansas City Chiefs: Trailed 20-10 vs. San Francisco 49ers; won 31-20
  • 2016 New England Patriots: Trailed 28-3 vs. Atlanta Falcons; won 34-28 in OT
  • 2014 New England Patriots: Trailed 24-14 vs. Seattle Seahawks; won 28-24
  • 2009 New Orleans Saints: Trailed 10-0 vs. Indianapolis Colts; won 31-17
  • 1990 New York Giants: Trailed 12-3 vs. Buffalo Bills; won 20-19
  • 1987 Washington: Trailed 10-0 vs. Denver Broncos; won 42-10

Super Bowl point spread history

The following table looks at the closing point spreads and eventual ATS results for each of the last 10 Super Bowls.

YearFavoritePoint spreadUnderdogATS result
202449ers-2ChiefsKC +2
2023Eagles-1.5ChiefsKC +1.5
2022Rams-4.5BengalsCIN +4.5
2021Chiefs-3BuccaneersTB +3
2020Chiefs-1.549ersKC -1.5
2019Patriots-2RamsNE -2
2018Patriots-4.5EaglesPHI +4.5
2017Patriots-3FalconsNE -3
2016Panthers-5BroncosDEN +5
2015Seahawks-1PatriotsNE +1

Super Bowl O/U history

The following table looks at the closing game totals and eventual O/U results for each of the last 10 Super Bowls.

YearMatchupGame O/UFinal ScoreO/U Result
2024SF-KC46.525-22Over
2023PHI-KC51.538-35Over
2022CIN-LAR48.523-20Under
2021KC-TB55.531-9Under
2020KC-SF52.531-20Under
2019NE-LAR55.513-3Under
2018NE-PHI48.541-33Over
2017NE-ATL5734-28 (OT)Over
2016DEN-CAR43.524-10Under
2015NE-SEA4728-24Over

Super Bowl betting odds pages

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