Super Bowl XLVIII Odds (with Conference Championships)

Here are the current odds for each of the four remaining teams to win the Super Bowl (lines from Sportsbook.com), along with Football Outsiders estimate of their chances. With Carolina out, New England leads the way with the most potential value.

Team American Odds Odds To One Break Even FO Chance Expected Payout Rank
NE 480 4.8 17.24% 22.40% 5.16% 1
SEA 190 1.9 34.48% 34.80% 0.32% 2
DEN 200 2 33.33% 24.70% -8.63% 3
SF 260 2.6 27.78% 18.10% -9.68% 4

The New England figures should clearly be discounted, because they have just had so, so, so many injuries, no Rob Gronkowski, no defensive front seven, no perpetually healthy wide receivers or running backs, and yet… they only need to win two more games. Stranger things have happened. And with Denver’s best defensive player, Von Miller, out for the season, and cornerback Chris Harris, Pro Football Focus‘ ninth-best corner (of 110, with a 10.9 grade), now out for the season, that first game might not be too crazy? Look at the conference championship odds:

Team American Odds Odds To One Break Even FO Chance Expected Payout Rank
NE 175 1.75 36.36% 46.00% 9.64% 1
SEA 57.14 0.5714 63.64% 62.80% -0.84% 2
SF 155 1.55 39.22% 37.20% -2.02% 3
DEN 48.78 0.4878 67.21% 54.00% -13.21% 4

Look at New England! Football Outsiders estimates that betting them straight up this weekend will win nearly 10 percent more than it must to break even. Their calculations (using weighted DVOA) may not be 100 percent accurate, especially with regard to injuries, but given that Denver’s injuries are more recent, their predictions could quite possibly be overstating Denver’s chances. Throwing a little money at the New England money line might not be the craziest of ideas.

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