We are getting closer to the start of the 2025/26 NFL Season. While we will examine how teams perform in the preseason games and might see some teams make tweaks, it’s fair to say that we have a good picture of the strength and depth of rosters going into the start of the season.
And yet, the NFL 2025-2026 season odds as they are today look interesting when viewing the Super Bowl markets. There is, in short, no clear favorite. There are actually four teams at the top of the Super Bowl odds, with little to choose between them.
If you have been tracking the narrative across the offseason, you can probably guess who they are: the Baltimore Ravens, Philadelphia Eagles, Buffalo Bills, and Kansas City Chiefs. All are broadly priced around +700 to win Super Bowl LX. If you look around, you might find one team as high as +800 and another as low as +600, but the upshot is that there is no consensus favorite going into the new season, and that’s rare.
Chiefs have questions to answer.
Looking back at recent years, you’ll see that the Chiefs were accustomed to being in the favorite spot in September, and rightly so. Yet, sportsbooks weren’t entirely convinced after last season’s performances, even though the Chiefs made it to yet another Super Bowl. Odds-makers haven’t dismissed the chances of the Chiefs – as we said, there are four favorites – but it’s the first time in a few years that Andy Reid’s team hasn’t been out on its own at the top of the market.
Eagles will have a new look.
As for the Eagles, it is normal for a defending champion to be placed at or near the top, but there are certainly unknowns going into the new season. The champions have had a defensive exodus, losing four starters from Super Bowl LIX. Eagles have been busy all over the place, so there will always be a question of whether the team can recapture the cohesion that led to glory last season.
Time to deliver for Jackson
Regarding the Ravens, the team tops the market with the most (certainly not all) sportsbooks. The consensus is that trades and acquisitions have been smart, addressing needs, including a valid No.1 wide receiver in DeAndre Hopkins. If the Ravens start hot, you will likely see a narrative building about finally delivering a Super Bowl Ring to merit Lamar Jackson’s talents. The feeling is that the front office strives to provide all the tools Jackson needs to get there. But there can be no excuses this time.
Bills are betting on defense
With the Bills, it looks like defense or bust after the Von Miller era. James Cook’s contract demands have offered a bit of a distraction. And we should also note that it looks like WR by committee, with Buffalo adding Josh Palmer and Elijah Moore and eschewing the chance of having an alpha receiver. It’s a gamble, but the Bills should be in contention if Josh Allen fires again.
For those interested, the Lions are consensus 5th placed on the betting markets, although there is a good bit of daylight between Detroit (priced at +1000) and the front four mentioned above. After that, you have last season’s surprise package, the Commanders (presuming President Trump doesn't get a name change by executive order).
Yet, while we may get a Super Bowl winner from outside of this ‘Big 4,’ it remains interesting that things are so tight at the top. We would expect some relatively heavy odds fluctuations across September if and when it becomes apparent that specific team changes are not working. For now, neutral fans should find it exciting that we go into the new season with a sense of the unknown.
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