As of writing this, the Steelers odds to win Super Bowl LV sit at +2400. They are tied for the 10th-best odds on the board with the Indianapolis Colts. Of all the AFC teams, only the Chiefs, Ravens, and Patriots have better odds than Pittsburgh. The Pittsburgh Steelers have yet to lose a game at 10-0, but everyone on the squad would sacrifice a regular-season game in favor of winning the Super Bowl. This could be the last season that the New Orleans Saints have Drew Brees, so they’re worthy of a flier at 11/2 odds to win the Super Bowl.

People in Tampa Bay are still celebrating the Bucs’ Super Bowl win on Sunday night but for the rest of the NFL, it’s time to start looking ahead to next season. Every team, especially the Pittsburgh Steelers, wants to be where the Bucs are and so all attention is on figuring out the formula.

How hard will it be for the Steelers to regroup and get back on track? According to BetMGM, it’s going to be a long shot. Literally. Pittsburgh opened with 30/1 odds to win Super Bowl LVI next season.

The Steelers looked like Super Bowl contenders last season for the first 11 games. They rattled off 11 straight before the bottom fell out. Everything that could go wrong did, and the Steelers finished the regular season 1-5. Their AFC North title was a sham and they proved it when they got drummed at home in the first round of the playoffs by the Cleveland Browns.

If Pittsburgh is going to be a serious contender next season, there is much work to be done. Right now, the Kansas City Chiefs are the favorites to go back to the Super Bowl at 6/1, despite getting whooped by the Bucs on Sunday. The longest of long shots right now are the Jacksonville Jaguars at 100/1.

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How to read Super Bowl 56 Odds

The Kansas City Chiefs lost to the Tampa Bay Buccaneers in Super Bowl 55. However, the Chiefs remain the favorites to win Super Bowl 56 at SoFi Stadium in Inglewood, California.

The Chiefs are listed at 6/1 odds (Bet $100 to win $600), while the defending champion Buccaneers are the third-betting choice at 10/1.

In between Kansas City and Tampa Bay are the Green Bay Packers, who are currently at 9/1 odds.

Here is a quick reference on Super Bowl odds for the upcoming 2021 NFL season.

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

Who Does Las Vegas Have Favored To Win The Super Bowl

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.

Vegas Odds On Steelers Winning Super Bowl 2020

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.