Super Bowl Odds Update: Steelers See Largest Super Bowl Odds Cut After Week 1

With Week 1 of the NFL season officially in the books NFL expert, Kyle Newman has an update on the largest odds movements for the Super Bowl.
Kyle Newman
Tue, September 14, 5:14 AM EDT

Super Bowl Odds Update: Steelers See Largest Super Bowl Odds Cut After Week 1

The Steelers entered the season with +5000 odds to win the Super Bowl, their worst odds since 2001. How did they respond? They just went on the road to beat a Super Bowl contender. It only makes sense that oddsmakers recognize that achievement.

The Steelers have seen their Super Bowl odds cut to +3300. That’s an implied chance change from 2% to 2.9%. So, at first glance, it doesn’t appear to be the most drastic of changes. However, the Steelers did jump from the 18th best odds to win the Super Bowl to the 12th best odds.

No other team in the NFL can say they saw implied chance change so drastically while also jumping five teams.

The Steelers were getting disrespected before the season started. They were among Week 1’s biggest underdogs, and they had their worst Super Bowl odds in 20 years. They showed in Week 1 that those odds were ludicrous. Now they stand as 5.5 point favorites to knock off the Raiders in Week 2. Before the Raiders played the Ravens in Week 1 on Monday night, that line was at -6.5 points. With the Raiders nailing down the victory over Baltimore in overtime, oddsmakers dropped this line a point.

Click Here For Steelers vs. Raiders Odds

SUPER BOWL WINNER ODDS

Team Odds Implied Chance
Kansas City Chiefs +500 16.7%
Tampa Bay Buccaneers +600 14.3%
Buffalo Bills +1400 6.7%
Los Angeles Rams +1400 6.7%
San Francisco 49ers +1400 6.7%
Green Bay Packers +1600 5.9%
Cleveland Browns +1600 5.9%
Baltimore Ravens +1800 5.3%
Seattle Seahawks +1800 5.3%
New Orleans Saints +2500 3.8%
Los Angeles Chargers +3000 3.2%
Pittsburgh Steelers +3300 2.9%

Click Here For Complete Super Bowl Winner Odds

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