There is no bigger sporting event in the world than the Super Bowl, and that often means that it is a huge betting occasion. Like huge events such as the Kentucky Derby and the Grand National, the Super Bowl entices gamblers who don’t typically wager their money to make a bet for the huge event.
There are various sportsbooks available for gamblers to make these wagers, but one of the best places that gamblers often look towards are the Vegas odds from Las Vegas itself – the heart. Sportsbooks such as Caesars and MGM often offer prices on the Super Bowl, but who are the current favourites with these sportsbooks, and what were the Super Bowl odds in Vegas for the last three events?
Super Bowl LV Vegas Odds
All the attention is now on the 2020-21 NFL season, which will be headlined by Super Bowl LV. The celebrations have ended for the Kansas City Chiefs, as they will be targeting the feat of becoming the first team in over ten years to successfully defend their Super Bowl crown, and the odds certainly point to them as the clear favourites.
Caesar Super Bowl LV Odds
|Kansas City Chiefs||+300|
|Green Bay Packers||+800|
|Tampa Bay Bucaneers||+850|
MGM Super Bowl LV Odds
|Kansas City Chiefs||13/4|
|Green Bay Packers||10/1|
|New Orleans Saints||12/1|
Have The Vegas Super Bowl Odds Been Accurate In The Past?
The best way to examine whether the Vegas odds could be accurate in predicting the winner of the Super Bowl this year is to examine whether they were accurate in the past couple of seasons. Here, we will examine the favourites for the Super Bowls from between 2018 and 2020 and see whether the outright favourites heading into the post-season were accurate.
Vegas Odds Super Bowl LIV
Caesars had the favourites for the winners of Super Bowl LIV as the Baltimore Ravens at the end of 2019, as they were priced at +200. However, the Ravens didn’t even make the Super Bowl last season as the Tennessee Titans beat them in the divisional playoffs in the AFC. The Super Bowl’s eventual winners were the second favourites, as Caesars had odds of +300 on the Chiefs. The third favourites in the betting were the San Francisco 49ers, who were beaten by the Chiefs in the Super Bowl.
Vegas Odds Super Bowl LIII
The odds with MGM for the Super Bowl in 2019 were correct, as they valued the New England Patriots as the 6/1 favourites to win. Of course, we know now that a stake on that wager would have returned as they went on to win one of the dullest Super Bowls in history against the Los Angeles Rams. The Rams were the joint-second favourites in the odds with MGM, as they were valued at 10/1 alongside the Philadelphia Eagles, Pittsburgh Steelers and Minnesota Vikings.
Vegas Odds Super Bowl LII
The odds in Vegas once again had the New England Patriots as the heavy favourites in November 2017 for Super Bowl LII. The Patriots were set at a price of 5/2 with the leading sportsbooks in Vegas. However, gamblers and American Football fans would be aware that the Patriots didn’t go on to win the Super Bowl in that year as they were beaten in Minnesota by the Philadelphia Eagles in one of the most dramatic Super Bowls. The Eagles were the second-favourites with the Vegas odds as they had a price of 4/1. Meanwhile, the Pittsburgh Steelers and Minnesota Vikings had prices of 6/1 and 10/1, respectively.