Super Bowl Odds for 2020 Season

Super Bowl Odds for the 2020 Season

We’re not seeing the same kind of movement in the NFL Super Bowl LV futures market we’re normally accustomed to after the NFL Draft. Due to the COVID-19 pandemic, the NFL Draft was not held in Las Vegas, and with the move to a virtual draft—via telecommunications platforms—the sportsbooks saw virtually no handle in this respective market.

According to our sources, the oddsmakers expected a record handle in this market prior to the world shutdown, projecting that many fans who were flying to Vegas for the event would invest in this particular market before they left town. Instead, not only did the Vegas sportsbooks miss out on that attendance, many of the books around town made a business decision to shut down their mobile betting applications completely as well. With all that in mind, oddsmakers very rarely adjust prices (Super Bowl Odds) “on air” without the influx of wagers needed to balance their overall risk.

Back in March, we highlighted the movement after the news of Tom Brady landing in Tampa Bay as well as every blockbuster move during the NFL Free Agency Frenzy. Here’s a look at the teams that have seen the biggest alterations to their team outlooks according to the boys in the desert.

The Biggest Risers Super Bowl Odds

Tampa Bay Buccaneers: (From 60/1 to 14/1)

No team saw a more significant adjustment than the Buccaneers, who made the biggest splash in free agency in signing Tom Brady away from the New England Patriots. The Bucs went from 60/1 all the way to the fourth overall betting choice at odds of 14/1. Brady moves in under center and takes the reins of one of the league’s most high powered offenses led by two Pro Bowl wide receivers in Mike Evans and Chris Godwin. We all know that Brady loves to utilize his tight ends and now he has a very familiar face in Rob Gronkowski, in addition to Cameron Brate and O.J. Howard. The oddsmakers realize that Brady immensely brings value to a wide-open NFC that doesn’t contain either team that is home to the last two League MVPs in Patrick Mahomes and Lamar Jackson.

At the new considerably lower odds I would not invest in Tampa Bay, despite the arrival of the Hall-of-Fame bound Brady. We saw this hype last season with the Cleveland Browns—who eventually went as low as 6/1 in Vegas last season—only to see the sportsbooks crush those who bought into all the offseason moves that included acquiring star wideout Odell Beckham Jr. This is a hard pass for me at the extreme short odds.

Arizona Cardinals: Super Bowl Odds (From 80/1 to 60/1)

Another team that saw a sizable move in their Super Bowl futures odds were the Cardinals. The Cardinals easily are the winners of the offseason after acquiring star wide receiver DeAndre Hopkins via trade from the Houston Texans. Kyler Murray was the overall QB7 in fantasy football and the Offensive Rookie of the Year last season without a weapon like Hopkins. Just imagine the strides he could now make in Kliff Kingsbury’s offense. Perhaps no player summed up the thoughts of every NFL fan better than running back Chase Edmonds upon news of the trade:

In a wide open NFC, I love the attractive plus-odds of Arizona at 60/1 or higher, especially after landing arguably one of the best prospects in the Draft in star linebacker Isaiah Simmons.

Super Bowl 54 is in the books, and with the Kansas City Chiefs fresh off beating the San Francisco 49ers, sportsbooks have already made the Chiefs the Top Choice above the Ravens to win back to back Super Bowls. The Latest Super Bowls odds have the Chiefs at 4-1.