Super Bowl 56 Odds: Are Chiefs or Bucs Worth Betting On?

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Inglewood, California, will host Super Bowl 56 in the beautiful stadium that plays home to the Rams and the Chargers. And now that the 2020 season has come to an end, fans, teams and NFL betting sites have already already begun looking at the 2021 season by releasing their Super Bowl 56 betting odds.

Although they lost in Super Bowl 55 to the Buccaneers, the Kansas City Chiefs have opened as the betting favorite to win SB 56. The Tampa Bay Buccaneers are tied for second with the Green Bay Packers.

Let’s huddle up to examine these Super Bowl 56 odds, identify potential value, and see where we should lay our money.

Super Bowl 56 Odds

The following odds are courtesy of Bovada:

  • Kansas City Chiefs (+550)
  • Green Bay Packers (+900)
  • Tampa Bay Buccaneers (+900)
  • Baltimore Ravens (+1200)
  • Buffalo Bills (+1200)
  • Los Angeles Rams (+1200)
  • San Francisco 49ers (+1400)
  • New Orleans Saints (+1700)
  • Cleveland Browns (+2200)
  • Seattle Seahawks (+2200)
  • Miami Dolphins +2500)
  • Indianapolis Colts (+2800)
  • Los Angeles Chargers (+2800)
  • Tennessee Titans (+2800)
  • Dallas Cowboys (+3000)
  • New England Patriots (+3000)
  • Pittsburgh Steelers (+3000)
  • Minnesota Vikings (+4000)
  • Carolina Panthers (+4500)
  • Arizona Cardinals (+5000)
  • Atlanta Falcons (+5000)
  • Chicago Bears (+5000)
  • Las Vegas Raiders (+5000)
  • Philadelphia Eagles (+5000)
  • Denver Broncos (+6000)
  • Washington Football Team (+6000)
  • Cincinnati Bengals (+6600)
  • New York Giants (+6600)
  • New York Jets (+6600)
  • Jacksonville Jaguars (+8000)
  • Detroit Lions (+10000)
  • Houston Texans (+10000)

SB 56 Betting Favorites

The following teams are considered the odds on favorites to win Super Bowl 56:

Kansas City Chiefs (+550)

The Kansas City Chiefs have gone to consecutive Super Bowls and despite losing to the Buccaneers in Super Bowl 55, they’re still the betting favorite to win Super Bowl 56.

It’s hard to argue with logic. They still have the best player in the game with Patrick Mahomes. Their offensive line was in shambles for the Super Bowl and I believe it would’ve been a different outcome if they had their regular offensive line.

With that said, the Chiefs will return most of their starters on both sides of the ball. They will have all of their weapons on offense to once again be the most deadly unit in the NFL.

Green Bay Packers (+900)

If the Green Bay Packers can add one more legitimate receiver to go along with Adams then this could be the best team in the NFC. They have talent on both sides of the ball and had one of the most explosive offenses in the league this past season.

Additionally, all signs are pointing to the Packers keeping Aaron Rodgers as he just won the NFL MVP award for the 3rd time in his career.

Keep an eye on what Green Bay does in the offseason as they could see their odds close the gap to the Chiefs.

Tampa Bay Buccaneers (+900)

The Tampa Bay Buccaneers just won Super Bowl 55 and they’re not even the favorite to win Super Bowl 56. In fact, they’re not even the clear cut favorite to win the NFC as the Packers are tied with them in the betting odds.

Brady will be back and aiming for another Super Bowl as his appetite for winning the championship is insatiable.

However, there are a few concerns over re-signing some of their players like David, Barrett, and Godwin. The Bucs do have over $30 million in salary cap to use. Additionally, they could get some free agents on cheaper deals since they’re viewed as a legitimate franchise with Brady at the helm.

Baltimore Ravens (+1200)

The Baltimore Ravens are tied for the second spot in the AFC according to online betting sites as they have the same odds as the Buffalo Bills despite losing to the Bills in the AFC Divisional Round.

The Ravens will bring back most of their key players on both sides of the ball. This is a team that could take the next step to becoming a Super Bowl contender if they can add a #1 wide receiver for Lamar Jackson.

With a run heavy offense, great defense, and more passing weapons, the Ravens could end up being a legitimate threat to the Chiefs.

Buffalo Bills (+1200)

The Buffalo Bills were one game away from making the Super Bowl. They fell at KC in the AFC Championship game. Yet, they have established themselves as a legitimate contender in the AFC and feature arguably the best young QB behind Mahomes in Josh Allen.

Furthermore, the Bills bring back all of their talent for next season except for Matt Milano who they will most likely franchise in order to keep the talented linebacker.

The Team will bolster their defense in the offseason as it couldn’t hold up against the Chiefs the two times they played this past season. If the Bills can get the defense back to where it was in 2018 and 2019, they could become the biggest threat in the AFC to the Chiefs.

Los Angeles Rams (+1200)

The Los Angeles Rams shocked the NFL by trading Jared Goff to the Detroit Lions for Matthew Stafford. This bolsters the offense and gives them a reliable gun slinger heading into the season. They will also bring back the league’s top defense.

Los Angeles does have some salary issues with a few players that need to be re-signed or replaced in the Draft and Free Agency. This is definitely a team to keep an eye on during the offseason.

SB 56 Betting Value

The following teams offer betting value based on their 2020 season and their potential heading into the 2021 season:

Cleveland Browns (+2200)

The Cleveland Browns surprised the NFL last season by going 11-5 and making the Playoffs. They then sent the league into cardiac arrest by pulling off a massive upset in the postseason as they defeated their rival the Pittsburgh Steelers.

Cleveland looks relatively promising heading into the 2021 season with talent on both sides of the ball. Furthermore, if they can add a player or two in the secondary, this team will contend for the AFC North title and one of the top seeds in the AFC.

They do offer betting value at 22-to-1 odds, but the next team in this section offers the best value as of now.

Seattle Seahawks (+2200)

Can you believe the Seattle Seahawks are this low on the list? They won the NFC West last season before being upset by the Rams. Yet, Seattle clearly has one of the best offenses, a Top 5 QB, talented playmakers on both sides of the ball and one more offseason to rebuild both lines.

I fully expect the Seahawks to improve from last season especially with their offensive line, which was a liability in the Playoffs.

The salary cap could play an issue in potential losses of some talented players, but this team always drafts well and always finds a way to add talent in the offseason.

Longshot to Win Super Bowl 56

The Pittsburgh Steelers (+3000) are my longshot pick to win Super Bowl 56. Big Ben has already come out and said that he wants to return and that he will work with the team on lowering his massive salary for the upcoming season.

The relief that Roethlisberger provides could put the team on the right side of the salary cap. Furthermore, a few restructures or extensions to players like Haden, Tuitt, Heyward and Ebron could also save the Steelers a lot of money.

Pittsburgh is loaded with talent on both sides of the ball and will have one the best defenses in the league. Shoring up their running back situation and adding more depth on the offensive line, along with fixing the salary cap, will put the Steelers back near the top of the AFC.

Let’s not forget that this team was 11-0, won the AFC North, and suffered several injuries to a few key starters on defense as the season went on. A healthy team both financially and on the field will make the Steelers a legitimate threat once again.

Avoid These Teams

Don’t fall into the trap of wagering on either of these NFC teams:

San Francisco 49ers (+1400)

No team was more devastated by injuries last season than the San Francisco 49ers. They lost most of their top defenders for the yearand key contributors on offense including TE Kittle, RB Mostert, and QB Garoppolo missed a significant amount of time.

All of these players will be back and ready to bring the 49ers back into contention for the NFC crown just like they did two seasons ago.

Although this team has plenty of talent, I don’t believe they can win the NFC or the Super Bowl. Jimmy Garoppolo is not a franchise QB you can trust to lead the organization to a Super Bowl win.

San Francisco probably won’t be as good as they were two seasons ago and that’s a concern especially when their odds are this high. The 49ers are overvalued and should be avoided until late-September after we see how good they look on the field.

New Orleans Saints (+1700)

It’s almost a guarantee that Drew Brees will retire from the NFL this offseason. He’s already signaled that by reducing his salary.

Speaking of salary cap, the New Orleans Saints are in a terrible position with their cap and they have numerous key players to re-sign or try to replace.

Without Brees, I don’t trust in Winston or Hill to lead this team to the top of the NFC once again. In fact, I don’t see them winning their division at all. I also can see a scenario where this team doesn’t even make the Playoffs in 2021.

There are way too many uncertainties with the Saints this offseason and no matter who they get at QB, other than Watson, this team won’t be as good as they have been with Drew Brees at the helm.

Which Team Wins Super Bowl 56?

In the NFC, I see the conference coming down to the Packers and the Buccaneers once again. As long as the Bucs keep Brady healthy, they could return to the Super Bowl for the second straight year.

In the AFC, you have to lean towards the Chiefs to repeat. The only team that can knock them off would be the Bills and that’s only if they upgrade their front four on defense to create pressure.

The Ravens don’t have the offense to match up with KC, but could take a big step closer if they can get a #1 wide receiver for Jackson.

Yet, those are too many “ifs” and the Chiefs have none to worry about. With a motivated Patrick Mahomes looking to get revenge for a Super Bowl loss, I am taking the Chiefs to win the AFC for the 3rd straight season.

I can see a rematch in Super Bowl 56 between the Chiefs and the Bucs. This time, the Chiefs will win. Even if it’s the Packers instead of the Bucs, I am still taking KC to win Super Bowl 56.

Which Team Wins Super Bowl 56? –Chiefs (+550)
Rick Rockwell

As a longtime freelance writer, avid sports fan, former athlete, and experienced sports bettor, Rick Rockwell has risen up the ranks at to become the self-professed "King of the Blog" in his first year with the site. ...

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