2023 Super Bowl odds: Ravens and Dolphins notch huge wins as Bills and Chiefs stumble

With Week 3 of the 2022 NFL regular season in the books, there is no better time to dive into the 2023 Super Bowl odds.

As soon as we thought we knew what to expect from the NFL’s top Super Bowl 2023 contenders, Week 3 brought us a flurry of upsets and surprising results. We have the top takeaways from this week’s action. We’re breaking down the latest 2023 Super Bowl betting odds in the aftermath of Week 3.

2023 Super Bowl odds

We’re here to make sure you’re locking in the best payoffs for all of your betting picks. Each franchise has a varying record, but as you can see below, they don’t all offer the same betting odds.

For example, a $100 bet on the team with the best Super Bowl odds — the Buffalo Bills at +500 — would pay a $500 profit if they manage to win Super Bowl LVII. Let’s take a look at the latest 2023 Super Bowl odds and break down the teams whose odds present the best value.

Rising Super Bowl odds

Miami Dolphins (+1800)

The Miami Dolphins have done just about everything they can to prove they’re legitimate Super Bowl contenders through three games. The Dolphins’ 21-19 upset of the Bills helped their odds increase once again from +2500 to +1800. This was a strange game but one that highlighted a defense built to last against the league’s top offense and an offense that is finding ways to win.

If you knew Josh Allen would have 42 completions (on a whopping 63 attempts!), 400 passing yards, and zero interceptions, you’d probably guess this was a high-scoring affair. But Miami put the clamps on Allen within the red zone, partially aided by a banged-up Stefon Diggs. The fact Miami held Buffalo to just three offensive points from the 11:59 mark in the second quarter through the rest of the game is an incredible performance from defensive coordinator Josh Boyer and his playmakers.

Most surprising was how Miami’s offense overcame continued setbacks.

Tua Tagovailoa posted an efficient 13 of 18 for 186 yards and one touchdown and importantly, only one sack. Tua shockingly came back into the game after suffering what initially looked to be a head injury — that was later declared to be a back injury — leading him to stumble on the field. Backup Teddy Bridgewater took three dropbacks in his absence and looked awful.

Miami produced only 41 yards on 17 carries on the ground, but Chase Edmonds punched in two scores. This wasn’t a pretty performance and Buffalo dominated with long drives. With four drives lasting at least five minutes and 57 seconds, the Dolphins had the ball for less than 20 minutes.

And yet, Miami held on in the waning seconds as Buffalo only needed a field goal to win the game. The Dolphins have continued to show the ability to win in weird ways through three contests, but they’re not nearly as flawed as in previous years. This is a good team that can win any given Sunday.

Baltimore Ravens (+1800)

The Baltimore Ravens continue to be the Lamar Jackson show, highlighting his extremely explosive skill set to its highest degree. Jackson helped the Ravens emerge from an uncomfortably close game as the second half unfolded. In total, Jackson threw for 218 yards on 18 completions, ran for 107 yards, and had five total touchdowns.

For as much concern as I’ve had about the Ravens’ lack of a second proven receiver, playmakers continue to emerge. Mark Andrews was dominant in the first half, catching five of his eight total passes for 55 yards and two scores. Rashod Bateman and Devin Duvernay had only two catches each but totaled 84 yards and one score.

Even after changing coordinators, Baltimore’s defense hasn’t looked nearly the same as in past seasons, which is certainly a concern for their ceiling. They produced big plays when needed to though, forcing three interceptions, three sacks, and recovering a fumble. This contest might’ve gone the other way without those big plays.

The Ravens have an impressive assembly of talent, but their recipe to win is specific due to their weaknesses. Two things must happen to further help the team win in the postseason: the defense needs to become more reliable or the offense needs J.K. Dobbins to return to stardom quickly.

Jacksonville Jaguars (+6000)

After seeing the Jaguars absolutely drop the Colts and Chargers over the last two weeks, it’s time to call Jacksonville a good team. We expected Doug Pederson to significantly help Trevor Lawrence by building an efficient running game and a helpful passing scheme. Both of those have happened, and Lawrence is thriving.

Lawrence completed 28 of 39 attempts for 262 yards and three touchdowns. He continues to pepper defenses to a variety of targets. This week, it was Zay Jones who was his safety blanket, with Christian Kirk and Marvin Jones Jr. providing impact plays. The trio combined for 20 receptions, 190 yards, and three touchdowns.

For as smooth as the offense is running, which included a 50-yard run from James Robinson and 151 total rushing yards, the defense has been drastically improved as well. Linebackers Foyesade Oluokun and Devin Lloyd have transformed this unit to become significantly more versatile in their coverage range. Lloyd should be the early favorite for Defensive Rookie of the Year after logging his second interception.

Will the Jags win the Super Bowl? No, and they may not even win the AFC South. But this is a quality team that is punching above their perceived weight. No one should want to play them right now.

Falling Super Bowl odds

Las Vegas Raiders (+6000)

For as talented and fun as the Las Vegas Raiders have been throughout spurts of their first three games, they’re now 0-3 with a 12-point differential on the season. They’re losing close games but also winnable contests against playoff hopefuls. With Denver and Kansas City looming, it’s time to win or be at a major disadvantage as the second half of the season nears.

Las Vegas’ two-point loss to Tennessee was a direct result of a sloppy second quarter and inconsistent offensive performance. The Titans played keep-away in the first half, grinding out drives of 7:38 and 4:49. It’s not as if the Raiders’ defense was bad, but they couldn’t get off the field in key moments.

The lack of playmaking at linebacker and cornerback continues to haunt this defense. The offense has been decent but not finding the end zone at a high enough rate. It’s great that Mack Hollins and Fabian Moreau combined for 202 yards, but the identity of the unit is still undetermined through three games.

The best thing the Raiders have going for them is the rest of the AFC West is struggling as well. Week 4 against Denver isn’t a must-win, but it’s as close as we’ll see this early in the year.

Los Angeles Chargers (+1800)

What exactly is happening in Los Angeles? Despite Chase Daniel being announced in the stadium as the starter before the game, Justin Herbert trotted out with a rib injury that may take “several weeks or several months” to fully heal. I respect Herbert not wanting to end up like Tyrod Taylor, but playing with this injury is foolish based on what happened Sunday.

The Chargers didn’t lose because Herbert was injured, but his play was as uninspired as the team was. The offense couldn’t get anything going outside of two long passes to Joshua Palmer and Jalen Guyton. Someone has to answer as to why Austin Ekeler had just four rushes when the Chargers were down only nine points at halftime.

The defense was especially bad considering their pedigree. The Jaguars ran all over them in the second half, popping off chunk gains, including Robinson’s 50-yard score on 4th-and-1. Joey Bosa exited the game with a groin injury, adding more concern as to what this team is and can be.

It’s possible things change quickly given LA’s talent. But their disjointed offense now has to overcome an injury that has caused significant harm to their passing game. If that doesn’t happen soon, the Chargers will find themselves in an unrecoverable hole.

Pittsburgh Steelers (+15000)

No one had the Steelers as a Super Bowl contender entering the season, but they were a popular long shot for the AFC Wild Card race. At 1-2, we can’t nearly stick a fork in them yet, but their 29-17 loss to the Browns on Thursday night highlighted the numerous weaknesses on this roster. Being without T.J. Watt certainly exposed other roster deficiencies that he was able to compensate for.

Pittsburgh’s offense continues to be a massive problem due to the offensive line. Quarterback Mitch Trubisky has been what most expected, fairly efficient but lacking the playmaking chops needed to elevate the unit. It’s hard to get the most out of Trubisky or have him show development when Najee Harris is averaging 3.2 yards a carry.

Pittsburgh’s defense couldn’t force nearly enough impact plays to give themselves a shot to win a big AFC North road game. Jacoby Brissett was sacked only twice and there were zero turnovers produced. That’s not going to work as the Steelers will need to find upset wins in order to reach the postseason.

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