We’re seven weeks into the 2021 NFL season, and after another convincing win by the Tampa Bay Buccaneers, oddsmakers have stood pat on keeping them as the favorites for Super Bowl 56 odds.

The Bucs are set at +500 (15.4% implied probability) at BetMGM to get back to the mountaintop and win their second Super Bowl in a row. Tampa Bay is 6-1 on the season with its lone loss coming to the Los Angeles Rams, who are fourth on the Super Bowl odds board at +800. The Buccaneers are trying to be the first team since the New England Patriots in 2004-2005 to win back-to-back Super Bowls.

 

 

As for AFC, it’s the Bills who have the lowest odds to win the Super Bowl at +550. After a Week 1 hiccup vs the Steelers, Buffalo had been rolling through teams over the last four weeks before falling short in Tennessee to drop to 4-2. The Bills are entering the easy portion of their schedule with games against Dolphins, Jaguars and Jets on tap. If they go 3-0 and the Bucs falter in that stretch, we could be looking at a new favorite for Super Bowl odds.

After the Bills are the Cardinals (+800), Rams (+800), and Cowboys (+1100) to make up the top five teams at BetMGM for the latest Super Bowl odds.

Here are the latest Super Bowl 56 odds from sportsbooks – such as BetMGM Sportsbook – available in your respective state:

Super Bowl 56 Odds

A look at the latest Super Bowl odds from various legal sportsbooks.

 

 

Why are the Tampa Bay Buccaneers favored for Super Bowl 56 odds? 

Since 2015, betting against Tom Brady's teams for odds to win the Super Bowl has been a fool’s errand. After winning an incredible seventh Lombardi Trophy at Super Bowl 55, Brady has already ascended into GOAT status. His teams have won four of the last seven Super Bowls, three with the New England Patriots and one with Tampa Bay. Now, after starting the season 6-1, the Bucs continue to excel offensively even if their defense has some questions.

In seven games, the pass defense by Tampa Bay has gotten diced up by decent quarterbacks and rank  23rd in passing yards allowed while also while also throwing 14 touchdown passes (26th in NFL). The good news is the group is causing turnovers with 10 picks in seven games and 16 sacks. 

If the pass defense gets their house in order, Tampa will be scary for the opposition when it comes to Super Bowl odds because offensively, the Bucs haven’t missed a beat. Through seven games, QB Tom Brady has thrown a casual 21 touchdown passes and 2,275 passing yards to pace the offense, both ranked first among quarterbacks. This isn’t anything new as Brady threw for 4,633 passing yards and 40 touchdowns in 2020.

Although the NFC conference has some tough competition with teams like Green Bay, Arizona and the Rams trying to return to the Super Bowl, Tampa Bay is in prime position to be back at the summit for Super Bowl odds.

Should the Bills Be Taken Seriously for Odds to Win the Super Bowl?

Despite taking a tough road loss in Tennessee, there's still quite a bit to like for the Buffalo Bills when it comes to odds to win Super Bowl 56. The main reason starts with quarterback Josh Allen. The fourth-year Wyoming product is on pace to smash his record set for single-season passing yards  and is finding his receivers when it counts with 15 passing touchdowns and only three interceptions through six games. It’s the weaponry around him that has steadily improved year-over-year and now, any skill-position player is a threat to go to the end zone.

Tight end Dawson Knox leads the team with receiving touchdowns with five while an afterthought signing like WR Emmanuel Sanders makes a player like Gabriel Davis (eight receiving touchdowns in 2020) seem expendable. 

Defensively, the Bills got exposed a bit by Tennessee and struggled mightily to stop RB Derrick Henry. To their credit, nearly every team in the NFL has that struggle and it shouldn't be ignored that Buffalo already pitched two shutouts vs the Dolphins and Washington and held one of  the most explosive offenses in the NFL in the Chiefs to only 20 points. 

At +550, the Bills are still in a decent position to get the 1-seed in the AFC which means the road to the Super Bowl likely goes through Buffalo. This might be the best time to grab them because their next three games are vs. the Jaguars, Dolphins and Colts. All look like very winnable games which means if the Bills win them all, the +600 odds to win the Super Bowl will be long gone.

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How To Bet On Super Bowl Odds

The time has come and you want to make a bet on Super Bowl futures for the 2021 season, but as a new bettor, you don’t know where to begin. Don’t sweat it because FTNBets has got you covered. The first thing a potential bettor needs to know is which sportsbook is available in your respective state and to set up a betting account.

Step 1: Setting up a Sports Betting Account

After going through the different online sportsbooks that offer Super Bowl odds, you’ll need to set up an account with verifiable info. Submitting a copy of a piece of identification like a driver’s license that has your current address is the fast track way to be certified and to start betting.

Step 2: Depositing money into your account

There are numerous ways to deposit money into a sportsbook account to start betting on the NFL. Major credit cards, verified bank accounts and some shops even offer bitcoin deposit capabilities. Ensure you check out our sportsbooks page to see the pros and cons of each book and the type of deposit bonuses attached for signing up.

Step 3: Making an NFL Futures Bet

Now that you’re signed up and have funds to bet with, the next step is being able to understand and interpret the odds in front of you. For reference, let’s use the top five NFL teams with the best odds to win Super Bowl 56:

  • Chiefs +500
  • Buccaneers +650
  • Bills +1200
  • Rams +1300
  • 49ers +1300

Unlike a moneyline bet that can have plus odds (+) and minus odds (+) in front of the number, the team with the lowest number is considered the favorite for this betting market. In this case, it would be the Kansas City Chiefs. These are listed in American odds, which indicate how much profit you’d make if you were to bet $100.

Let’s say you think the Chiefs are going to win Super Bowl 56 and you bet $100 on them. If the Chiefs were to win it all, you’d get $600 from your respective sportsbook - your $100 bet is returned and you would get $500 in profit.

Value is key when betting on Super Bowl odds and these change weekly depending on what happened in certain games. Key players can get injured, trades can happen or even a team’s coach can be fired for underperforming. Line movements for Super Bowl futures happen regularly so if you see odds that pique your interest, it’s best to grab it ASAP.