NFL Super Bowl Odds

The NFL kicks off in September, and Colorado’s legal sportsbooks offer many ways to bet on the 2021 Super Bowl.

Futures betting markets currently favor the Kansas City Chiefs and Baltimore Ravens as the two strongest threats to win the Super Bowl LV trophy. The Denver Broncos are currently a longshot as the 2020-21 season gets ready to begin.

Super Bowl LIV ended with the Chiefs winning it all, defeating the San Francisco 49ers 31-20. The Broncos went into last season at +8000 odds to win the championship and missed the playoffs after finishing 7-9.

Current Super Bowl 2021 Odds In Colorado

 Kansas City ChiefsBaltimore RavensSan Francisco 49ersNew Orleans SaintsTampa Bay BuccaneersBonus Offers
DraftKings Sportsbook+500+500+2000+1100+180020% Deposit Match up to $500
BetRivers+500+500+2000+1100+1800100% Deposit Match up to $250
BetMGM+450+550+2500+1400+1400Risk-Free Bet up to $500

Top 5 Super Bowl Contenders

Kansas City Chiefs

The Kansas City Chiefs won it all in the 2019-2020 season, hoisting the Lombardi Trophy at the end of Super Bowl LIV. Led by Super Bowl MVP Patrick Mahomes, the Chiefs topped the San Francisco 49ers in thrilling comeback fashion to win the NFL’s ultimate prize.

Mahomes inked a 10-year, $450 extension with the Chiefs in the offseason, and Kansas City stands as one of the top choices to win another championship in the 2020-2021 season.

Baltimore Ravens

Baltimore rolled to a league-best 14-2 regular season mark last year, setting an all-time NFL record with 3,926 team rushing yards.

Quarterback Lamar Jackson won the league MVP, but the Ravens’ postseason hopes came to an end thanks to s shocking upset loss to the Tennessee Titans in the playoffs. Sportsbooks have the Ravens locked in as one of the favorites to go all the way in Super Bowl 2021 odds.

San Francisco 49ers

The 49ers looked poised to win it all with just minutes remaining in Super Bowl LIV. San Francisco held a 20-10 lead over Kansas City in the fourth quarter, only to see the lead slip away in an eventual 31-20 loss to the Chiefs.

Colorado online sportsbooks have the 49ers among the top threats to rebound with a championship win this season.

New Orleans Saints

New Orleans ran through the 2019-2020 regular season as a powerhouse in the NFC, winning the NFC South with a 13-3 record. The Saints burned out in the opening round of the playoffs, however, taking a 26-20 loss to the Minnesota Vikings.

In what might be the final season for future Hall of Fame quarterback Drew Brees, the Saints sit as a strong contender to bring home the Super Bowl LV trophy.

Tampa Bay Buccaneers

The biggest wild card among top NFL contenders, the Tampa Bay Buccaneers acquired future Hall of Fame quarterback Tom Brady in the offseason. The Buccaneers finished 7-9 last season and haven’t been to the playoffs in 12 seasons.

The addition of former New England Patriots Brady and tight end Rob Gronkowski, however, vaults Tampa Bay into the top five at Colorado’s online sportsbooks.

Will The Denver Broncos Contend For A Championship?

Colorado’s beloved Denver Broncos finished 7-9 and out of the AFC playoff hunt last season. The team finished strong after an 0-4 start, however, winning seven of the last 12 regular-season games.

DraftKings Sportsbook, BetRivers, and BetMGM all have the Broncos at +5000 in the 2021 Super Bowl odds.

Where Can I Bet On The Super Bowl In Colorado?

Betting On The Super Bowl Online In Colorado

DraftKings Sportsbook

DraftKings Sportsbook favors Kansas City (+600) and Baltimore (+650) as the top two threats to win Super Bowl LV. Bonus offers at the online sportsbooks include a 20% deposit match bonus, up to $500.

FanDuel Sportsbook

The overall odds at FanDuel Sportsbook favor the bettor, with slightly better payouts on the Chiefs (+650) and Ravens (+700). New players at FanDuel Sportsbook are eligible for a risk-free bet up to $500.

BetRivers

The Chiefs, Ravens, 49ers, and Saints top the list of odds-on Super Bowl favorites at BetRivers. New players can take advantage of a 100% deposit match bonus up to $250, with just a 1x playthrough requirement, at BetRivers online sportsbook.

BetMGM

Super Bowl odds at BetMGM look similar to other online sportsbooks, although the 49ers are considered a stronger contender, at +800 odds. After signing up for a new account, bettors can unlock a risk-free bet up to $500.

BetMonarch

Android and iOS mobile device owners can download the BetMonarch sports betting app and place bets on the Super Bowl champion from anywhere in Colorado. BetMonarch’s odds on the Chiefs (+450) and Ravens (+600) are less favorable to the bettor compared to other Colorado sportsbooks.

FOX Bet

Odds on Super Bowl favorites at FOX Bet play similar to other Colorado online sportsbooks, with the platform favoring a Chiefs-49ers rematch in the 2020-21 Super Bowl. FOX Bet offers a 50% deposit match bonus, up to $500, as well as up to a $500 risk-free bet.

SBK Sportsbook

SBK Sportsbook is only available as a downloadable app. Android users can download the app directly at the SBK Sportsbook website, while iOS users can download the platform at the App Store. Bonuses include a $20 risk-free bet after depositing $20 or more.

Sky Ute Sportsbook

The tribally-owned Sky Ute Casino offers its online sportsbook as a downloadable app for iOS and Android devices. Odds on favorites stand similar to other sportsbooks, while teams like the Dallas Cowboys (+1800) offer more favorable odds on the Sky Ute Sportsbook app.

Circa Sports

Circa Sports Colorado offers unique “Yes/No” betting on the NFL championship. Each team has its own odds on either winning or not winning Super Bowl 55. Kansas City, for example, has +325 odds to win the Super Bowl, and -450 odds to not win.

Bet Wildwood

Bet Wildwood offers the same “Yes/No” method of NFL Championship futures betting as seen at Circa Sports Colorado. Bet Wildwood offers its platform as a downloadable app for iOS and Android mobile devices.

Live Sportsbook Locations In Colorado

DraftKings Sportsbook (Golden Mardi Gras Casino, Black Hawk)

Golden Mardi Gras Casino introduced a DraftKings-branded on-property sportsbook this summer. The live version of DraftKings Sportsbook features all of the Super Bowl futures and single-game betting options as the online DraftKings Sportsbook platform.

Betfred (Saratoga Casino, Black Hawk)

Saratoga Casino took the first-ever legal in-person sports bet in Colorado in June. The sportsbook is powered by Betfred, the official sports betting partner of the Denver Broncos.

BetMonarch (Monarch Casino, Black Hawk)

BetMonarch offers a mobile sports betting app, but an in-person sportsbook is located at the Monarch Casino property as well. The live and online versions of the sportsbook offer the same Super Bowl betting opportunities.

William Hill (Lady Luck Casino, Isle Casino, Black Hawk)

A pair of Eldorado Resorts-owned properties host self-service betting kiosks powered by William Hill. Both the Lady Luck Casino and Isle Casino offer six kiosks each.

Ameristar (Ameristar Casino, Black Hawk)

The state’s biggest casino hosts an in-person sportsbook, with both a live betting window and self-service kiosks. The sportsbook is expected to be rebranded as Barstool Bets eventually.

Woody’s At Wildwood (Wildwood Casino, Cripple Creek)

The lone live sportsbook found in Cripple Creek is located at Wildwood Casino. Woody’s at Wildwood offers self-service kiosks and a live betting window.

History Of Denver Broncos Championships

The Denver Broncos own a history as one of the most successful teams in the NFL. The Broncos’ resume includes eight AFC Championships, each of which resulted in a Super Bowl appearance.

Denver came away with wins in three of those games, taking the Lombardi Trophy In Super Bowl XXXII (1997), Super Bowl XXXIII (1998), and Super Bowl 50 (2015).

All three NFL Championships for the Broncos came at the hands of legendary quarterbacks.

John Elway stands as perhaps the most hallowed figure in Broncos history. Elway played quarterback for Denver from 1983-1998 and currently acts as the team’s general manager.

Elway took the Broncos to five Super Bowls overall. Denver lost in those first three championship opportunities, but Elway led the Broncos to consecutive championships in 1997 and 1998, the final two years of his Hall of Fame career.

Future Hall-of-Famer Peyton Manning joined the team from 2012-2015, taking the team to a pair of Super Bowls. Like Elway, Manning finished off his career with a Super Bowl win with the Broncos, retiring after Super Bowl 50.

Off-Season Odds Breakdown For The Denver Broncos

  • Odds to win Super Bowl LV (+5000) – The consensus at most of Colorado’s online sportsbooks put the Broncos at +5000 odds to win the Super Bowl in the 2020-21 season. BetMGM, DraftKings Sportsbook, and BetRivers all have Denver set at these longshot odds.
  • Odds to win the AFC Championship (+2200 at DraftKings Sportsbook) – The odds on the Broncos taking the AFC spot in the Super Bowl stand significantly better, but at +2200 the Broncos are still looking up at teams like Kansas City (+300) and Baltimore (+320).
  • Odds to make the playoffs (+180 at DraftKings Sportsbook) – DraftKings Sportsbook takes a much more optimistic outlook on Denver’s chances to make the playoffs. The Broncos rivals in the AFC west include Kansas City (-1115 to make the playoffs), the Los Angeles Chargers (+163), and the Las Vegas Raiders (+275).
  • Last season’s record (7-9) – The Broncos stumbled to an 0-4 start out of the gate. Denver fans saw plenty to like from the Broncos in the final 12 games of the season, however, as the Broncos finished 7-5 down the stretch. The 7-9 record marked the fourth straight year in which the Broncos missed the playoffs.
  • Key players in 2020-2021 – The 7-5 surge to finish the season included wins by the Broncos in four of the final five games. Rookie quarterback Drew Lock made his first career start in Week 13, and was behind center for all five games of the 4-1 finish to the season. The Broncos drafted wide receiver Jerry Jeudy out of Alabama in the first round of the NFL Draft. Denver also signed free agent running back Melvin Gordon in the offseason.

NFL Super Bowl Odds And Betting

Moneyline

Moneyline bets present the simplest way to bet on the Super Bowl. This bet offers the chance to bet on which team will win the game, straight up.

Point Spread

This kind of wager adds a point spread to the Super Bowl bet, adding points to the underdog’s final score and subtracting from the favorite.

Totals

Also known as over/under betting, totals wagers place a bet on whether the total points scored in the Super Bowl will finish above or below a line set by the sportsbook.

Parlays

Parlays bets are still on the table for Super Bowl Sunday. Parlays combine multiple bets on one ticket and allow for different kinds of bets on the same ticket. A Super Bowl parlay, for instance, could combine a point spread, totals bet, and a prop bet.

What Is An NFL Futures Bet?

A futures sports bet wagers on an event with a duration longer than a single game. Examples of NFL futures bets could include wagers on what player will win the league’s rushing title, or what player will win the NFL MVP.

The most popular way to make an NFL futures bet is to wager on the Super Bowl champion. A Super Bowl futures bet can be made at any time of the year, up until the teams playing in the game are determined.

Odds on different teams can change drastically throughout the year. As soon as the Super Bowl is finished, sportsbooks quickly offer futures odds on the following season.

What Is A Super Bowl Prop Bet?

Prop bets involve wagering on an event not directly related to the outcome of the game.

Some prop bets involve in-game statistics or accolades for certain players. For example, a prop bet from Super Bowl LIV put +110 odds on Chiefs quarterback Patrick Mahomes winning the game’s MVP award. Another prop bet from the game offered a totals wager on whether 49ers running back Raheem Mostert would finish over or under 80.5 rushing yards.

Other Super Bowl prop bets offer wagering on things that don’t even involve the game played in the field. Most of these wagers fall into the category of exotic prop bets, the category used to describe wagers that largely rely on luck, instead of bettor skill.

One such example includes a prop bet on which team will win the Super Bowl coin toss, which finds its way onto sportsbook betting menus every year.

How Super Bowl Betting Odds Are Calculated

Moneyline (American Odds)

Moneyline odds, aka American odds, represent the default betting odds notation used by most US sportsbooks. Here’s a look at the moneyline odds from Super Bowl LIV, according to BetMGM:

TeamMoneyline Odds
San Francisco 49ers+105
Kansas City Chiefs

-121

Moneyline odds with a “+” notation displays the amount of profit awarded on a winning $100 bet. A $100 bet on the 49ers, for example, would yield $105 in profit if it wins.

How To Calculate Favorite Moneyline Odds

A $100 bet on San Francisco would result in the sportsbook returning $205 ($105 profit plus the original $100 bet) if the 49ers won. Another way to calculate “+” odds is to divide the line by 100, then multiply that number by the size of the bet.

Using this method, dividing 105 by 100 yields 1.05. You can then multiply the size of a wager by 1.05 to figure out the profit earned.

A $50 winning bet on +105 odds, for instance, yields $52.50 in profit ($50 x 1.05).

How To Calculate Underdog Moneyline Odds

The “-“ odds set on Kansas City in this example denote the amount of a wager needed to win $100 profit. A $121 bet on Chiefs, for example, would net $100 profit, with the sportsbook returning a total of $221 to the bettor if the Chiefs won ($100 profit plus the original $121 bet).

To calculate “-“ odds for any bet size, divide 100 by the moneyline number. For the bet on Kansas City listed above, dividing 100 by 121 yields 0.826 (rounded off).

Multiplying any bet size by 0.826 gives you the total profit made in the Chiefs won. A $100 bet yields $82.60 in profit, for example.

Point Spread Odds

The point spread line on Super Bowl LIV from BetMGM looked like this:

TeamPoints Spread and Odds
San Francisco 49ers+1.5      (-112)
Kansas City Chiefs-1.5       (-106)

Using this line, bettors can take the 49ers with 1.5 points added to their final score, or the Chiefs with 1.5 points subtracted from their final score. The odds next to the point spread are calculated using the moneyline/American odds method detailed above.

The final score of Super Bowl LIV ended with Kansas City winning the game 31-20. That result made the Chiefs the winner on the point spread.

With the -1.5 spread applied to the final score, the Chiefs still won the bet by a 29.5-20 score. Had Kansas City won the game by one point, or lost the game, the 49ers would have been the point spread winner.

The point spread bet on the Chiefs paid out at -106 odds. Using the calculation method for “-“ moneyline odds, a $100 bet on the Chiefs resulted in $94.30 in profit.

Futures Odds

Futures odds use the moneyline notation at most US sportsbooks. Here’s another look at futures odds on the 2020-2021 Super Champion for three of Colorado’s top online sportsbooks:

 Kansas City ChiefsBaltimore RavensSan Francisco 49ersNew Orleans SaintsTampa Bay BuccaneersBonus Offers
DraftKings Sportsbook+500+500+2000+1100+180020% Deposit Match up to $500
BetRivers+500+500+2000+1100+1800100% Deposit Match up to $250
BetMGM+450+550+2500+1400+1400Risk-Free Bet up to $500

Suppose you placed a $100 bet on the Baltimore Ravens to win Super Bowl LV using the +650 line offered at these three online sportsbooks. If the Ravens win the Super Bowl, that bet yields $650 in profit.

Futures odds can change dramatically throughout the season. The odds displayed above represent preseason odds as of August 2020.

If the Tampa Bay Buccaneers lost their first four games, for example, the line on the Bucs winning the Super Bowl would drop to much longer odds to reflect the 0-4 start. Such a start to the season could change the odds on Tampa Bay to something like +10000.

How To Place Online Super Bowl Bets In Colorado

Online sportsbooks allow betting for players 21 and over from anywhere in Colorado. Most of the state’s mobile sports betting platforms offer wagering on desktop-based clients, as well as on downloadable apps for iOS and Android devices.

Registering For An Online Sportsbook Account

The first step toward placing a Super Bowl LV bet online is to register an account at one or more of Colorado’s legal online sportsbooks.

At DraftKings Sportsbook, for example, new players can begin the registration process by visiting the DraftKings Sportsbooks website.

Once there, you can register for a new account by choosing a username and password, and providing a valid email address. To deposit money and start betting, DraftKings requires a few additional details to verify age and identification.

Depositing At A Legal Online Sportsbook

Once DraftKings Sportsbooks verifies your details, the next step involves making a deposit. DraftKings Sportsbook offers several ways to do this, including ACH/eCheck, credit/debit cards, PayPal, DraftKings Play+ Prepaid card, and wire transfer.

You can also deposit in person at the casino cage of the property that licenses an online sportsbook. For DraftKings Sportsbook, a trip to Golden Mardi Gras Casino allows you to register for a DraftKings Sportsbook account, as well as deposit funds.

Cashing Out From An Online Sportsbook

Withdrawal methods at DraftKings Sportsbook include ACH/eCheck, PayPal, check by mail, and casino cage pickup at Golden Mardi Gras Casino.

Most of Colorado’s other legal online sportsbooks offer many of the same deposit and withdrawal methods seen at DraftKings Sportsbook.

Betting Odds For The Super Bowl FAQ

Is it legal to bet on the Super Bowl in Colorado?

Yes, as long as you’re betting at a legal online or retail sportsbook. Colorado bettors can wager at state-regulated online sportsbooks from anywhere in Colorado. Several casinos located in Black Hawk and Cripple Creek offer on-property sports betting.

Any Super Bowl bets made outside of legal sportsbooks qualify as illegal. This includes office pools, offshore betting sites, and independent bookmakers.

How old do I need to be to bet on the Super Bowl in Colorado?

21 or over. The minimum age for sports betting (both live and online), or any other form of casino gambling is 21.

Online sportsbooks require proof of age and identity to deposit funds and make bets.

Where can I bet on the Super Bowl In Colorado?

Top online sportsbooks in Colorado include DraftKings Sportsbook, FanDuel Sportsbook, BetMGM, and BetRivers. All of these platforms can be accessed from anywhere within state borders, as all use geolocation technology to determine a bettor’s location.

Colorado hosts several live sportsbooks at casinos in Black Hawk and Cripple Creek as well.

Is it safe to place a Super Bowl bet online?

Yes, if you make the bet at a state-regulated, legal online sportsbook. All legal online sportsbooks in the state are regulated by the Colorado Division of Gaming, which oversees the state’s entire legal casino industry.

As such, betting at a legal online sportsbook is just as safe as betting at a live sportsbook inside a legal Colorado casino.

Betting on offshore sites, or with illegal bookmakers, does not offer the same level of security. Wagering on the Super Bowl in any format outside of the state’s legal casino presents a risky proposition.

Do online sportsbook in Colorado offer in-game, live betting during the Super Bowl?

Yes. Many of Colorado’s online sportsbooks offer in-game betting on all NFL games, including the Super Bowl. DraftKings Sportsbook, BetMGM, FanDuel Sportsbook are examples of Colorado online sportsbooks that offer in-game Super Bowl betting.

Can I bet on events happening off the field?

Yes. Events like the Super Bowl coin toss, length of the National Anthem, and even the color of liquid poured over the winning head coach usually find their way onto Super Bowl betting menus.

Bets like these fall under the category of exotic prop bets, which largely rely on luck instead of bettor skill. Various sportsbooks operate with different rules toward offering these kinds of bets.

Who is the current Super Bowl odds favorite for 2021?

The Kansas City Chiefs. Most sportsbooks have the defending Super Bowl LIV champion listed as the favorite to win the 2020-21 championship. FanDuel Sportsbook lists Kansas City at +650 to win another Super Bowl this season.

The Baltimore Ravens stand virtually dead even with the Chiefs in the Super Bowl 55 championship odds. FanDuel Sportsbook offers the Ravens at +700 odds.

What are the odds that the Denver Broncos will win Super Bowl LV?

Several sportsbooks have the Broncos listed at +5000 odds to win the 2021 Super Bowl. DraftKings Sportsbook, BetRivers, and BetMGM all have Denver set at +5000.

FanDuel Sportsbook offers +6000 on the Broncos to win the Super Bowl 55.

When is the 2021 Super Bowl?

Super Bowl LV is set to take place on February 7, 2021. The game is currently scheduled to take place at Raymond James Stadium in Tampa, Florida.

About the Author

Geoffrey Fisk

Geoff Fisk is a San Diego-based freelance writer, specializing in the poker and gambling industries. He’s written for numerous platforms and has traveled the globe as a live poker tournament reporter. Geoff’s interests include the legal online poker industry in the U.S. and abroad. Follow Geoff on Twitter at @GeoffFisk