The Kansas City Chiefs are favorites to win the 2022 Super Bowl at +125 odds

Super Bowl LVI is set to take place Sunday Feb. 13, from SoFi Stadium in Inglewood, CA. With the longer 17-game schedule for the 2021-2022 season, this will mark the latest date for a Super Bowl in NFL history, as the game has historically taken place in the last week of January or the first week of February. When the season began, the Kansas City Chiefs had the best Super Bowl odds with the reigning champion Tampa Bay Buccaneers narrowly behind them, but a lot has changed since that point.

With the Conference Championship games a few days away and the official Super Bowl lines yet to be determined, the list of remaining teams includes the Chiefs, Cincinnati Bengals, Los Angeles Rams and San Francisco 49ers. The Chiefs will face the Bengals in the AFC Championship while the Rams will face the 49ers in the NFC Championship, with the winner of each game moving on to meet in the Super Bowl. The current Super Bowl odds have the Chiefs as the favorites to win at +120 with the Rams next at +200. The 49ers are +450 to win the Super Bowl and the Bengals are last at +800.

Ways to bet on the Super Bowl

The most common types of Super Bowl bets are spreads, moneylines and totals. Here’s how each of them work:

Super Bowl Moneylines

• A moneyline is simply a bet type that only includes Odds, as in “Odds to win”
  • Example: a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win. A moneyline of -150 is just -150 odds ($150 to win $100) for the listed team to win.

Super Bowl Point Spreads

• Point spreads (also referred to as lines or handicaps) are also accompanied by odds. Most point spreads will have odds at or around -110.
• A point spread of +X or “plus X” indicates that you add X points to the final score to determine your outcome, and a point spread -X or “minus X” indicates that you subtract X points from the final score to determine your outcome. To “cover” the spread, the team would need to have more points than the opponent after applying the positive or negative handicap.

Reminder: A moneyline is always contained within a spread, a spread is just a mechanism for determining the winner. The moneyline is the number that determines the ratio of risk/reward, and the spread is the number that determines which side wins the bet.

Super Bowl Totals or Over/Under Bets

• An over/under is a bet on the total amount of something to occur, either points in a game, points scored by a player, yards for a player, etc.
• Over/unders are also accompanied by odds (just like spreads) and are usually at or around -110 as well.

Super Bowl Futures

Future bets are bets on outcomes that aren’t specific to the winner of a game, but rather the winner of a division, conference, league, etc. Super Bowl Futures include things like teams to win the Super Bowl:

• Chiefs +120
• Rams +200
• 49ers +450
• Rams +800

Future bets can also include awards, as in the Super Bowl MVP:

• Patrick Mahomes +175
• Matthew Stafford +350
• Cooper Kupp +800

Super Bowl Prop Bets

Prop bets are bets on a game that aren’t on the result of that game. While spreads, moneylines and totals all have to do with the final score, prop bets are about other aspects of what happens in the box score. They can include things like teams winning smaller portions of the game (quarters and halves) or outcomes by specific players (yards and touchdowns). For the Super Bowl, they also tend to include more unusual outcomes like the result of the opening coin toss or the color of the gatorade that gets poured on the winning coach’s head.