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Bill Speros for Bookies.com

By Bill Speros | | 4 mins

Chiefs, Rams New Betting Favorites To Win Super Bowl 56

Chiefs, Rams New Betting Favorites To Win Super Bowl 56

Oddsmakers and NFL betting fans have resumed their adoration of Patrick Mahomes II.

The Kansas City Chiefs are back as NFL odds favorites to win Super Bowl 56 following their otherworldly 46-32 overtime win over the Buffalo Bills in the AFC Divisional Round playoffs.

Meanwhile, the elimination of the Packers, Buccaneers, Titans and Bills this past weekend all but assured the books of closing their conference and Super Bowl 56 futures markets in the black. The Packers and Titans were No. 1 seeds in their respective conferences, playing at home after first-round byes. The Buccaneers were beaten by the visiting Rams.

The Chiefs are +120 at BetMGM to win their second Super Bowl trophy in three years and -350 to win AFC’s Lamar Hunt trophy, named for their team’s founder. Kansas City plays Cincinnati for the AFC title and trip to the Super Bowl. It is the fourth-straight season in which the Chiefs have appeared in the AFC Championship game.

Super Bowl 56 Line Movement

Here is a look at the Super Bowl futures market line movement at BetMGM on the four remaining teams in the NFL playoffs.

Team Opening Odds Current OddsBetting Handle
Chiefs+600+12010.7%
Rams+2000+2009.7%
49ers+1400+4503.8%
Bengals+8000+8003.4%

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The four losing teams this past weekend carried major liability in both Super Bowl and conference championship markets. At BetMGM, for instance, the Titans carried 35.4% of the book’s handle in the AFC Championship market. The Packers, meanwhile, had absorbed 44.7% of the betting handle in the NFC Championship futures market.

In the Super Bowl 56 market, the numbers are equally as decisive. The four teams eliminated this weekend were all heavily bet to win the Super Bowl all season. At BetMGM, the Packers (14.2%), Buccaneers (11.6%), Bills (10.9%) and Titans (7.0%) accounted for 43.7% of the book’s NFL futures liability on the Super Bowl.

Meanwhile the four teams remaining, the Chiefs, Rams, 49ers, and Bengals, account for just 27.6%.

The numbers at WynnBET tell a similar tale. The four teams that lost this past weekend carried 43.1% of its Super Bowl 56 futures liability. The remaining four teams total just 22.8%.

Rams vs 49ers NFC Championship Early Odds

In the NFC, the Rams, who were +2000 when the season began and +1000 before the Wild Card Round, are now the second overall choice to win the Super Bowl at +200. The Rams dethroned the Tampa Bay Buccaneers, the defending NFL champions. The underdog Rams (+2.5) raced out to a 27-3 lead in that game before holding off Tom Brady 30-27.

Brady’s former backup Jimmy Garoppolo and the San Francisco 49ers outlasted the Packers 13-10. In addition to the Chiefs winning on a touchdown in overtime, the other three games this past weekend were all won by the road teams with last-second field goals.

Take a look at Rams vs 49ers odds, injury report, betting lines and more.

Chiefs vs Bengals AFC Championship Early Odds

It’s been a wild ride for Chiefs’ futures bettors all season. Kansas City began the season at +600 to win the Super Bowl at BetMGM.

The NFL title price on the Chiefs bottomed out at +1400 after their 27-3 loss to the Titans in Week 7. That left Kansas City at 3-4 and in last place in the AFC West. Since that game, the Chiefs have gone 11-1. Their lone loss was a 34-31 defeat at the paws of the Bengals in Week 16. Before that game, the Chiefs' odds to win the Super Bowl peaked at +400.

Take a look at Bengals vs Chiefs odds, injury report, betting lines and more.

About the Author

Bill Speros for Bookies.com
Bill Speros
Bill Speros is an award-winning journalist and editor whose career includes stops at USA Today Sports Network / Golfweek, Cox Media, ESPN, Orlando Sentinel and Denver Post.