2025 Super Bowl odds have seen some notable swings since sportsbooks first released betting lines soon after last year’s game. While the defending champion Kansas City Chiefs and NFC-winning San Francisco 49ers enter the season as top favorites to win this year’s Super Bowl, other teams have risen and fallen with news of draft picks and free-agent pickups.
Below, we’ll look at some of the most interesting Super Bowl odds movements ahead of the NFL’s season-opener on Thursday night, and a generous welcome offer from Fanatics. Get up to $1,000 in bonuses plus an entrance into the $5 million jersey drop with the Fanatics Sportsbook promo code.
Super Bowl betting odds movement
Kansas City Chiefs
- Opening odds: +850
- Current odds: +550
The Kansas City Chiefs have been at or near the top of the board since odds opened, and they have remained a popular choice with bettors throughout the offseason. Kansas City is coming off back-to-back Super Bowl titles, and no team has won three in a row during the Super Bowl era. Still, the Chiefs have remained a strong favorite while amassing an array of offensive weapons to complement the returning core of last year’s Super Bowl-winning squad.
San Francisco 49ers
- Opening odds: +550
- Current odds: +600
The only other team on the board to stay consistently at or near the top, the San Francisco 49ers had a little more drama involved in arriving at a final roster. The team only came to terms on a new contract with WR Brandon Aiyuk at the end of the preseason, and LT Trent Williams didn’t get his deal done until earlier this week. In the end, the pieces are still there for San Francisco to be a strong contender again this year, and the team’s odds have stayed in the +600 range all offseason as a result.
Buffalo Bills
- Opening odds: +900
- Current odds: +1700
The Buffalo Bills were up as high as third on the odds board when Super Bowl betting lines first came out, but it’s been mostly one-way movement since then. Trading away WR Stefon Diggs had an immediate impact with oddsmakers. The team will now rely on rookie Keon Coleman and third-year player Khalil Shakir as the main targets for QB Josh Allen, who currently has a banged-up Mitch Trubisky as his backup.
Philadelphia Eagles
- Opening odds: +2200
- Current odds: +1600
Philadelphia has seen a lot of movement this offseason as the team tried to address some of its most glaring needs in its defensive backfield. The most high-profile offseason pickup was RB Saquon Barkley, who could really bolster an Eagles ground game that’s come to rely on QB Jalen Hurts and the “tush push” perhaps a bit too much.
Miami Dolphins
- Opening odds: +1500
- Current odds: +2500
The Miami Dolphins put up some big offensive numbers early last season and jumped up the Super Bowl odds board before struggling against some of the better teams on their schedule. All the main offensive weapons are still there for QB Tua Tagovailoa, with WR Odell Beckham Jr. added to a lineup that already featured WR Tyreek Hill, RB Raheem Mostert, and RB De’Von Achane. But there are already injury concerns to start the season, with Beckham likely out until at least Week 5 or later.
Minnesota Vikings
- Opening odds: +5000
- Current odds: +10000
The Minnesota Vikings were never anywhere in the neighborhood of a favorite, but they still saw one of the biggest odds declines with continued quarterback woes. After starting four players under center last season, the team thought it had addressed the need in the draft, taking J.J. McCarthy with a first-round pick. McCarthy’s season-ending knee surgery nixed that plan, so now it’s back to choosing between Sam Darnold and Nick Mullens.
