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How to read Super Bowl 55 Odds

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The Kansas City Chiefs wil meet the Tampa Bay Buccaneers in Super Bowl 55 from Raymond James Stadium in Tampa, Florida on Feb. 7, 2021.

The Chiefs opened as -3.5 betting favorites while the Buccaneers are 3.5 underdogs.

After early wagers came in, most operators are holding Kansas City -3 (-120).

If you were to wager on Kansas City -3, you would have to lay 5/6 odds (Bet $120 to win $100) instead of your normal 10/11 juice (Bet $110 to win $100).

The return on Tampa Bay would be even-money (1/1) and a $100 wager would return $100.

The total or over-under on Super Bowl 55 is hovering between 56 and 57 points.

How to read NFL Las Vegas Odds

The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.

The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.

Ex. Favorite -10, Underdog +10

On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.

Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)

It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.

The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.

Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.

All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.

NFL Open Line

One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.

VI Consensus NFL Line

The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.

How do I bet on the Super Bowl?

We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.

Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.

Ex. Green Bay (8/1) to win the Super Bowl

The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).

The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.

If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.

NFL Win Totals are one of the most popular future wagers and the odds for the upcoming 2020 regular season have been posted for all 32 teams.

The 2019 NFL campaign saw 10 teams post double-digit victories and six of those teams posted 12 wins while another four had 13 victories or more.

The two highest NFL win totals come from the AFC as the Super Bowl champion Kansas City Chiefs are listed at 11.5 victories for the 2020 season. The Chiefs are coming off a 12-4 season in spite of star quarterback Patrick Mahomes missing two games due to injury.

Right next to Kansas City is the Baltimore Ravens, who won a league-best 14 games in 2019. The Ravens are currently listed at 11.5 wins for 2020 as Baltimore last won at least 11 games in back-to-back seasons in 2010 and 2011.

2020 NFL Contenders to Watch

(Based on 2020 Win Totals Odds)
  • Kansas City Chiefs 11.5
  • Baltimore Ravens 11.5
  • San Francisco 49ers 10.5
  • New Orleans Saints 10.5
  • Dallas Cowboys 10
  • Tampa Bay Buccaneers 9.5
  • Seattle Seahawks 9.5
  • Indianapolis Colts 9.5
  • Philadelphia Eagles 9.5
  • Pittsburgh Steelers 9.5

NFL Win Totals

Listed below are the 2020 NFL Win Totals in both Ascending and Alphabetical order.

2020 NFL Win Totals (Ascending Order)
TeamWins
Kansas City Chiefs11.5
Baltimore Ravens11.5
San Francisco 49ers10.5
New Orleans Saints10.5
Dallas Cowboys10
Tampa Bay Buccaneers9.5
Seattle Seahawks9.5
Indianapolis Colts9.5
Philadelphia Eagles9.5
Pittsburgh Steelers9.5
Buffalo Bills9
Minnesota Vikings9
New England Patriots9
Green Bay Packers8.5
Cleveland Browns8.5
Los Angeles Rams8.5
Tennessee Titans8.5
Chicago Bears8
Los Angeles Chargers8
Arizona Cardinals7.5
Atlanta Falcons7.5
Denver Broncos7.5
Houston Texans7.5
Las Vegas Raiders7.5
Detroit Lions7
New York Giants6.5
New York Jets6.5
Miami Dolphins6
Carolina Panthers5.5
Cincinnati Bengals5.5
Washington Football Team5
Jacksonville Jaguars4.5

2020 NFL Win Totals (Alphabetical Order)
TeamWins
Arizona Cardinals7.5
Atlanta Falcons7.5
Baltimore Ravens11.5
Buffalo Bills9
Carolina Panthers5.5
Chicago Bears8
Cincinnati Bengals5.5
Cleveland Browns8.5
Dallas Cowboys10
Denver Broncos7.5
Detroit Lions7
Green Bay Packers8.5
Houston Texans7.5
Indianapolis Colts9.5
Jacksonville Jaguars4.5
Kansas City Chiefs11.5
Las Vegas Raiders7.5
Los Angeles Chargers8
Los Angeles Rams8.5
Miami Dolphins6
Minnesota Vikings9
New England Patriots9
New Orleans Saints10.5
New York Giants6.5
New York Jets6.5
Philadelphia Eagles9.5
Pittsburgh Steelers9.5
San Francisco 49ers10.5
Seattle Seahawks9.5
Tampa Bay Buccaneers9.5
Tennessee Titans8.5
Washington Football Team5

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Largest Improvement to Largest Drop-Off

Expectations have jumped for a handful of teams in the NFL from a win total perspective. The largest leap is the Detroit Lions, who finished with a disappointing 3-12-1 record in 2019 as their win total is 6.5 this season. The Tampa Bay Buccaneers have elevated expectations after Tom Brady signed with them in free agency as the Bucs have a win total of 9.5 following a 7-9 campaign.

The three teams that see a significant drop in their win total from last season compared to their 2019 record are all division champions. The Green Bay Packers posted a solid 13-3 record in 2019, but their 2020 NFL win total sits at only 9 for the upcoming campaign. The Ravens, as mentioned above, own a win total of 11.5, which is three fewer wins than the 14 they mustered last season, which was the best regular season in franchise history. The NFC champion San Francisco 49ers enter the season with a 10.5 win total after putting up 13 victories this past season.

Toughest and Weakest Divisions

The toughest division from a win total standpoint is the NFC West, in which the four teams have a combined 35.5 win total.

NFC West

San Francisco 49ers 10.5
Seattle Seahawks 9.5
Los Angeles Rams 8.5
Arizona Cardinals 7.5

The weakest division is the AFC South, as the highest win total sits with the Indianapolis Colts and Tennessee Titans sitting at 9.5 at 8.5 wins respectively, while the Jacksonville Jaguars own one of the lowest win totals in the league at 4.5 victories.

AFC South

Indianapolis Colts 9.5
Tennessee Titans 8.5
Houston Texans 7.5
Jacksonville Jaguars 4.5

2020 Win Totals - Trends to Watch

Covers
  • Patriots have won double-digit games every season since 2003
  • Browns have not won 8 or more games since 2007
  • Chiefs have won at least 12 games in three of the last four seasons
  • Saints have won 11 games or more each of the last three seasons
  • Vikings have not won 9 games or more in consecutive seasons since 2009
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  • Seahawks have won 9 games or more in eight straight seasons

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    Updated Sun, Sept. 6, 5:15 PM ET - Consensus Odds Provided by VI - Subject to Change