The only thing we’ve quickly learned through two weeks of the 2022-23 NFL season is to expect the unexpected. Week 2 was just as crazy as the opening slate of games, with several late comebacks causing upsets that could change the playoff picture as the season progresses. We’re breaking down the latest 2023 Super Bowl betting odds in the aftermath of Week 2.
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.
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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 (+2500)
It’s hard to believe the most shocking and unlikely comeback of Week 2 wasn’t the Miami Dolphins’ 21-point fourth-quarter rally to beat the Baltimore Ravens, 42-38. That crown went to the New York Jets’ incredible late surge to upset the Cleveland Browns. Nevertheless, the Dolphins’ efforts had more of an effect on their Super Bowl odds.
The Dolphins and Ravens put forth an incredible display of star power. Miami quarterback Tua Tagovailoa threw for 469 yards, six touchdowns, and two interceptions. Star pass catchers Tyreek Hill and Jaylen Waddle each had 11 catches and two scores, with Hill slightly outproducing Waddle in yards (190 to 171).
Baltimore had similarly impressive output. Lamar Jackson dazzled with 318 passing yards, 119 rushing yards, and four total touchdowns. Pass catchers Rashod Bateman and Mark Andrews surpassed the 100-yard mark and caught a touchdown. Devin Duvernay, meanwhile, started the game with a 103-yard kick-return score.
Miami prevailed from the entertaining contest 2-0 with their final touchdown with seconds remaining on the clock. While they have their own fair share of issues to correct, including run blocking and obviously some defensive concerns, the Dolphins look more like a well-rounded, high-upside threat than previously thought. Their odds jumped from +4000 to +2500 with this win.
Kansas City Chiefs (+700)
It’s hard to remember that the Kansas City Chiefs and Los Angeles Chargers played in Week 2 since Thursday Night Football was so long ago. But it’s not hard to remember how the Chiefs thoroughly outplayed the Chargers despite a three-point difference on the scoreboard. The Chiefs proved they’re still an alpha in the AFC.
There was no question Kansas City entered the season as one of the top favorites to win the Super Bowl. But how much their margin for error had changed after trading away Tyreek Hill and losing Charvarius Ward wasn’t known. Even after a stellar draft class, no one would’ve been shocked had the Chiefs fallen to a Wild Card spot in the conference.
The Chargers had a fantastic offseason in comparison. However, the Chargers were of little match for the Chiefs in Week 2. Maybe that changes when Keenan Allen gets back, but Kansas City didn’t play particularly well and still won comfortably.
The Chiefs saw their Super Bowl odds rise slightly for good reason. There may not be a better time to still lock their futures betting odds in — considering they look like a powerhouse again.
San Francisco 49ers (+2000)
The San Francisco 49ers endured a very bittersweet Week 2. Despite plans to unveil Trey Lance as a starter for the first time to his home crowd, fate wouldn’t allow Lance to even finish the game. He suffered a brutal broken ankle injury that ended his season just three passes into his second game.
There’s no question losing Lance is a bummer for the franchise. In the short term, the 49ers’ decision to retain Jimmy Garoppolo for a reduced price looks brilliant. Garoppolo’s insertion into the lineup actually boosted their Super Bowl odds by +500.
Though it’s questionable that Garoppolo can actually get this team over the final hump, he’s a steadying presence who raises the floor of this team. Lance was shaky at best in his short stints on the field. It’s fair to wonder whether San Francisco made a mistake mortgaging so much into the raw passer just based on his limited returns thus far.
For now, that doesn’t matter. With the NFC shakier each week, the 49ers are coming off a dominant win against Seattle.
Falling Super Bowl odds
Indianapolis Colts (+4000)
There were certainly times where Matt Ryan looked cooked last year, but what’s happened thus far in 2022 is borderline unbelievable. Through two game, the 37-year-old has just one passing touchdown to four interceptions. Ryan was abysmal against Jacksonville this past week, completing only 16 of 30 attempts for 195 yards and three picks.
The Indianapolis Colts are fortunate to be sitting at 0-1-1 and not 0-2. Sure, Ryan deserves some grace for acclimating to a new situation and being without star receiver Michael Pittman Jr., but the Colts are quickly looking like a disaster situation around him. Tying Houston and being blanked by the Jaguars is unacceptable.
It’s especially hard when Carson Wentz has been lighting it up in Washington. Things need to change quickly in Indy. Ryan’s working with a limited group of playmakers and has responded with 6.8 yards on average per completion.
The defense forced just five incompletions one week after seeing Trevor Lawrence barely able to function. It was a shockingly poor performance by a talented defense that has held up over several seasons. This one was clearly on the coaching staff for being underprepared on both sides of the ball.
The only positive for the Colts is they’re still in the thick of the AFC South race as the rest of the division appears to be quite bad. But any dreams of being a real Super Bowl contender are on thin ice already.
Cincinnati Bengals (+3500)
What could possibly go wrong when facing a team without their starting quarterback? Well, the Bengals found out they can still lose if they’re sloppy enough. The Cowboys shocked the Bengals with a 20-17 win on the backs of Noah Brown and their pass rush.
Quarterback Joe Burrow was once again under relentless pressure despite the offensive line being rebuilt this past offseason. Burrow took six sacks and completed just 24 of 36 attempts for 199 yards. The offense had zero chance to be effective with Burrow being unable to escape from bodies falling into his lap.
The Bengals need to implement new schematic adjustments to curtail the constant pressure immediately. Thankfully for them, their defense has remained stingy and the rest of the AFC North continues to trip over themselves as well. But the Bengals look a long way removed from being a contender for a Super Bowl repeat appearance.
New Orleans Saints (+4000)
I sure wish we had known that Jameis Winston had several fractured vertebrae in his back at any point before game day. Winston played like it against a great Tampa Bay defense, producing only 236 yards, one touchdown, three interceptions, and six sacks. The Saints stayed in the game until the fourth quarter when Tampa scored 17 of their 20 total points.
It’s impossible to blame Winston when he’s clearly hobbled. He connected with Chris Olave and Michael Thomas for a combined 11 catches, 145 yards, and one score. But there were missed opportunities with both playmakers as well.
There’s no question New Orleans is still one of the top dark horse teams if Winston can somehow manage the injury and still play effectively. This team has a wonderful defense and a great set of playmakers even in Alvin Kamara’s absence with a rib injury.
We’ll be sure to keep an eye on news about Winston’s status moving forward. If he eventually has to rest, the Saints’ season is all but over at that moment. His upside as a passing playmaker is the key to this team becoming a deep postseason threat.
