Odds to win Super Bowl 59: Mahomes, Chiefs are +700 to pull off historic three-peat
The Chiefs won Super Bowl 58, 25-22, over the 49ers. Photo by Ashley Landis/AP.

As one NFL season ends, it's not too early to look ahead to next season's Big Game.

The pregame narrative: The Kansas City Chiefs are champions once again and now have a chance to do what no other team has done in the Super Bowl era — pull off a three-peat. The San Francisco 49ers are favoured to win, while the Buffalo Bills (+1,200) own the fourth-shortest odds.

Check out the latest Super Bowl 59 odds.

Super Bowl 59 odds

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Super Bowl betting favourites

The favourites: San Francisco 49ers (+550) & Kansas City Chiefs (+650)

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San Francisco gave up another double-digit Super Bowl lead to Kansas City, en route to a 25-22 overtime loss, but it would be a bit unfair to call that a choke job.

Sometimes you're just going to get beat by one of the greatest quarterbacks of all time.

It's a tough pill to swallow but the Niners are in good shape to get back to the Big Game. Their ensemble of offensive playmakers is the envy of the league, and all of them — Christian McCaffrey, Deebo Samuel, Brandon Aiyuk and George Kittle — are under contract for the coming year.

After back-to-back seasons of deep playoff runs, the 49ers are as seasoned as any team in the NFC.

But let's talk about the champs.

Kansas City sits right behind SF on the board and the only explanation for why it has longer odds would be that the AFC is a more difficult conference.

This was the weakest team of the Patrick Mahomes and Andy Reid era and the Chiefs still won a Super Bowl.

Mahomes' WR1 was a rookie and the team had to play the Buffalo Bills and Baltimore Ravens on the road. But none of that mattered in the end.

KC has a busy offseason ahead — L'Jarius Sneed and Chris Jones are unrestricted free agents — but the squad has a healthy amount of cap space ($23.8 million) to make improvements along the way.

The AFC runs through Kansas City whether teams like it or not and it would be a shock to not see Mahomes and Co. in a seventh-straight conference championship game next year.

Other Super Bowl 59 choices

Best value: Philadelphia Eagles (+1,600)

The Eagles went from Super Bowl to disaster.

Philadelphia lost six of its final seven games, including a wild-card matchup against the Buccaneers, a year after winning the NFC. Once considered a juggernaut, the Eagles limped to a quiet, head-scratching demise.

The Eagles are projected to have more than $20 million in cap space for next year, per Spotrac, without a ton of obvious holes to fill.

They'll need to add a running back (D'Andre Swift is a free agent), but the offensive line and receiving corps are still in place.

Building up a fearsome defence will be key, as that unit finished 30th in scoring. Time to see what Vic Fangio can do for the City of Brotherly Love.

Bills odds

Buffalo's odds: (+1,200)

Belief in Buffalo doesn't seem to be waning.

On the bright side, the Bills have won the AFC East four years running. On the downside, they've only reached one conference championship game in that time.

Josh Allen is an MVP-calibre quarterback who hasn't been able to push his team over the edge. A laundry list of injuries on the defensive side didn't help as the 2023 campaign progressed, and perhaps that's an area the Bills will look to add depth to in the offseason.

All of Buffalo's major offensive playmakers, as well as its entire o-line, are under contract for 2024. As long as Allen is around, the Bills' mindset will be Super Bowl or bust.

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