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Post-draft Super Bowl odds: Cowboys now with third-best odds in NFC

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A look at how the Super Bowl odds have changed since January for all 32 teams.

Ethan Miller/Getty Images

Longtime readers know that we regularly chronicle the Super Bowl odds for all teams here on Blogging The Boys. We do this because because Vegas is always an interesting indicator of where public opinion - and money - is concentrating.

Free agency and the draft are in the books, which means now is a good time to turn our eyes to Vegas once again to see which teams moved up or down the list of Super Bowl favorites.

In their latest Super Bowl odds, the William Hill sportsbook in Vegas has listed the Chiefs as heavy favorites to win it all next season. The Chiefs were originally listed as 7-1 favorites by William Hill in January, and have now moved up to 4-1 odds.

The Ravens have the second-best odds at 13/2 (up from 7/1) in January, while the 49ers have the third-best Super Bowl odds at 7-1, unchanged versus January.

The Cowboys show one of the biggest improvements in their odds, moving up from the ninth spot in January (20/1) to the fifth overall spot (12/1) after the draft.

In the Las Vegas Journal Review, Westgate sportsbook vice president of risk Ed Salmons explains the improved outlook for the Cowboys:

“Dallas did really well,” Salmons said. “Before the draft, I thought Philadelphia was a little bit better than Dallas. But now it’s the opposite.

“Dallas’ offense was ridiculously good last year. We all know Dallas’ problem was Jason Garrett.”

As usual, keep in mind that the odds offered by the bookmakers don’t necessarily reflect the actual chances of teams actually winning the Super Bowl. These odds are set to encourage betting and to make sure that the money being bet is spread 50/50 on both sides of the bet (the key to remaining a profitable bookmaker).

The shift in the odds for the Cowboys could easily have been set to lure the millions of Cowboys fans in the betting public to get in on the action. While the current odds reflect the bookmakers’ best guess as to where the action will remain even on both sides of the bet, the bookmakers could easily adjust the odds to reflect the public’s betting pattern, especially if more money keeps coming in from Cowboys fans still euphoric about the 2020 NFL Draft.

In any case, William Hill has the Cowboys as the number three team in the NFC behind the 49ers and Saints, up from sixth in January, which bodes well for the Cowboys’ postseason ambitions.

Here are the Super Bowl odds for all 32 teams so far this offseason.

Team Opening Odds (1/20/20) Current Odds (4/28/20)
Kansas City Chiefs 7/1 4/1
Baltimore Ravens 7/1 13/2
San Francisco 49ers 7/1 7/1
New Orleans Saints 10/1 11/1
Dallas Cowboys 20/1 12/1
Tampa Bay Buccaneers 50/1 14/1
Seattle Seahawks 18/1 17/1
Green Bay Packers 15/1 18/1
Philadelphia Eagles 15/1 18/1
New England Patriots 12/1 20/1
Buffalo Bills 30/1 20/1
Pittsburgh Steelers 25/1 25/1
Los Angeles Chargers 30/1 25/1
Indianapolis Colts 40/1 25/1
Los Angeles Rams 25/1 28/1
Minnesota Vikings 25/1 28/1
Las Vegas Raiders 30/1 30/1
Tennessee Titans 25/1 35/1
Chicago Bears 30/1 40/1
Cleveland Browns 40/1 40/1
Denver Broncos 50/1 50/1
Houston Texans 25/1 60/1
Atlanta Falcons 30/1 60/1
New York Giants 60/1 60/1
Arizona Cardinals 75/1 60/1
New York Jets 60/1 100/1
Detroit Lions 60/1 100/1
Miami Dolphins 100/1 100/1
Carolina Panthers 60/1 125/1
Jacksonville Jaguars 60/1 200/1
Washington Redskins 100/1 200/1
Cincinnati Bengals 125/1 200/1

Keep in mind, being the early season favorite has not always proven helpful in the postseason, nor has it stopped the underdogs from making a splash: The 49ers started the 2019 season with 30-1 odds but still went all the way to the Super Bowl, while the Steelers and Rams started the season with the second-best odds at 10-1 but failed to even make the playoffs.

We’ll see how it goes this year.