NFL Super Bowl odds 2023: How do things look just before training camp begins?

The NFL never sleeps, and recent events have caused shifts in Super Bowl 57 odds. Let's take a look at the updated odds with training camp underway.

After a hectic start to the year where sportsbooks had to shuffle NFL Super Bowl 57 futures odds around constantly, things have cooled off a bit. NFL rosters are set. Teams have signed their rookie draft picks. Rookies have reported to training camp with veterans not too far behind. Let’s now look at the latest NFL odds for Super Bowl 57 from sportsbooks.

Super Bowl 2023 betting odds

The odds for the Super Bowl listed below are from Caesars Sportsbook as of 10 a.m. ET on July 22.

  • Buffalo Bills +650
  • Tampa Bay Buccaneers +750
  • Kansas City Chiefs +1000
  • Green Bay Packers +1100
  • Los Angeles Rams +1100
  • San Francisco 49ers +1600
  • Los Angeles Chargers +1600
  • Denver Broncos +1600
  • Dallas Cowboys +1800
  • Baltimore Ravens +2000
  • Cincinnati Bengals +2200
  • Cleveland Browns +2500
  • Indianapolis Colts +2500
  • Philadelphia Eagles +3000
  • Arizona Cardinals +3500
  • Tennessee Titans +3500
  • Miami Dolphins +4000
  • New England Patriots +4000
  • Minnesota Vikings +4000
  • Las Vegas Raiders +4000
  • New Orleans Saints +4000
  • Pittsburgh Steelers +8000
  • Washington Commanders +8000
  • New York Giants +10000
  • Chicago Bears +12500
  • Carolina Panthers +10000
  • Jacksonville Jaguars +12500
  • Detroit Lions +12500
  • New York Jets +12500
  • Seattle Seahawks +15000
  • Houston Texans +25000
  • Atlanta Falcons +25000

Which Super Bowl 57 odds stand out?

Football has such a short season, yet it feels like it never leaves the news. The following events happened before the NFL draft: Seahawks traded Russell Wilson to the Broncos, the Colts traded Carson Wentz to the Commanders, Tom Brady returned for his age-45 season, Davante Adams is a Raider, Deshaun Watson became a Brown, Matt Ryan a Colt, and Tyreek Hill is a Dolphin.

Then, when the NFL draft brought new talent to every team in the league, we also had two more blockbuster trades. Because why not?

The Titans traded A.J. Brown to the Eagles, and the Ravens sent Marquise Brown to the Cardinals. And since our last update, the Browns finally traded Baker Mayfield — he is now a Panther. These transactions, plus the influx of rookies, force sportsbooks to adjust. Following these moves, here are the teams currently favored to win Super Bowl 57.

The Bills remain the favorite

The Bills’ odds have changed slightly since our last review of Super Bowl 57 futures. They now sit at +650 (up 50 cents from last time) but are still the favorites to win it all.

Buffalo’s larger moves came during free agency when they signed Jamison Crowder and Von Miller. In the NFL draft, they mostly added defensive players. Yet, they did grab a pass-catching back in James Cook and some wide receiver depth in Day 3 pick Khalil Shakir.

This offense is as complete as an offense can be. They have an elite quarterback in Josh Allen, several talented receivers led by Stefon Diggs, and a very good offensive line. It would surprise me if Buffalo didn’t remain Super Bowl favorites through the start of the 2022 season.

The Buccaneers remain close behind

In the least surprising news of all time, Brady’s return catapulted the Bucs’ Super Bowl 57 odds back into the top four. However, the Bucs weren’t the clear No. 2 until other chips fell.

When Watson didn’t go to an NFC South team as was heavily rumored, the Bucs’ odds improved slightly. Their odds improved even further when the Raiders traded for Adams, weakening the Packers. Then, when the Chiefs traded away Hill, Kansas City’s odds dropped, and Tampa Bay’s grew even more.

The Bucs did sign Russell Gage and extend Leonard Fournette, but neither of those two moves impacted their Super Bowl odds.

Following the draft, the Bucs saw their odds tick up slightly from +750 to +700. Last month, they went down to +800. Now, they’re back at +750. It’s clear that sportsbooks believe a Bills-Bucs Super Bowl 57 matchup is the most likely outcome.

The Chiefs remain in sole possession of third place

For a while, the Chiefs, Packers, and Rams all had the same odds. Since our last update, the Chiefs have claimed the third place spot. However, the Chiefs’ odds did decrease from +900 to +1000. Nothing has really changed for the Chiefs since trading away Hill.

Kansas City did address their WR situation by selecting Skyy Moore in the second round of the NFL draft. Still, he’s unlikely to move the needle much in Year 1. The reality is Patrick Mahomes has hosted the AFC Championship Game in all four of his seasons as a starter. His presence alone keeps the Chiefs amongst the favorites to win Super Bowl 57.

The Packers and Rams’ odds have coalesced

The Packers were previously in fourth by themselves at +1100. Now, the Rams join them. It appears sportsbooks are knocking Rodgers for his lack of receivers more than Mahomes. That’s fair, considering Mahomes has reached the Super Bowl more times in the past three years than Rodgers has in his career.

The Chiefs also did a better job at addressing their wide receiver problem. While neither can replace Hill and Adams, the Packers are heading into the season with Allen Lazard, Sammy Watkins, and Randall Cobb as their presumptive top three receivers. Rookie second-rounder Christian Watson could crack that starting lineup soon enough, though.

The Rams may be the defending Super Bowl champions, but I don’t think anyone would mistake them for an unstoppable juggernaut. After all, the Rams were one dropped interception away from not even making it to the Super Bowl.

The Rams lost Robert Woods but gained Allen Robinson. LA also lost Andrew Whitworth to retirement but re-signed a couple of other offensive linemen. Their biggest loss was Miller, but hey, Aaron Donald is back. The Rams’ odds remain at a very reasonable +1100.

Are there any other Super Bowl 57 odds of note?

Here are a couple of quick hitters that I think may be worth a sprinkle.

The Ravens’ odds have increased from +2200 to +2000. I still like them at that price. They are due for a lot of positive regression after last year’s injury-riddled season.

I previously listed the Eagles as a solid long shot at +4000. We’ve seen them surprise before with a young quarterback. It appears I wasn’t alone in thinking this as clearly bets have come in on them, moving the odds up to +3000. I don’t like them as much at that price.

As for a +4000 team that might be worthwhile, why not the Raiders? Their odds are being discounted because they play in the toughest division in football. But all they have to do is get in, and in the new playoff system, it’s actually conceivable for all four teams in a division to make the playoffs. The Raiders are loaded offensively, and once upon a time in 2016, Derek Carr had an MVP-caliber year.

Meanwhile, since our last update, the Panthers underwent the biggest change. Yet, it did nothing to move their Super Bowl odds. With the standard “they have no chance” +10000 odds, I thought a trade for Jimmy Garoppolo might move Carolina’s odds. Instead, they traded for Mayfield, which did nothing for the sportsbooks. Their odds remain at +10000. Do not bet the Panthers to win Super Bowl 57.

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