As soon as we thought we knew what to expect from the NFL’s top Super Bowl 2023 contenders, Week 4 brought us a flurry of upsets and surprising results. We have the top takeaways from this week’s action. We’re breaking down the latest 2023 Super Bowl betting odds in the aftermath of Week 4.
2023 Super Bowl Odds
We’re here to make sure you’re locking in the best payoffs for all of your betting picks. Each franchise has a varying record, but as you can see below, they don’t all offer the same betting odds.
For example, a $100 bet on the team with the best Super Bowl odds — the Buffalo Bills at +500 — would pay a $500 profit if they manage to win Super Bowl LVII. Let’s take a look at the latest 2023 Super Bowl odds and break down the teams whose odds present the best value.
Rising Super Bowl 2023 Odds in Week 4
Kansas City Chiefs (+700)
The Chiefs handed what felt like a beatdown to the Tampa Bay Buccaneers on Sunday Night Football, even if the Bucs finished only 10 points behind their foe. Even if the Buccaneers somehow stayed within striking distance, it never felt close. The Chiefs were unstoppable as their offensive line controlled a powerful Buccaneers defense.
Patrick Mahomes and his playmakers had a field day as they spread the Buccaneers out and picked apart the single coverage. Clyde Edwards-Helaire continues to prove skeptics wrong as he racked up 93 total yards and two touchdowns on 20 touches. This offense continues to win with depth and creative pass designs that can overwhelm any defense in the NFL.
The Chiefs only saw a slight increase in their Super Bowl odds after Week 4, but the gap between them and Buffalo shouldn’t be the +300 that sportsbooks are offering. This team has its weaknesses, but their offense feels inevitable even without Tyreek Hill.
Obviously, we saw the Colts stun them in Week 3, so they’re not unbeatable, but no team is better equipped to overcome their limitations thanks to the combination of Andy Reid and Mahomes.
Dallas Cowboys (+2500)
After believing the Cowboys would be dead in the water with Dak Prescott out for even a month, Cooper Rush saved the day for Dallas. He helped the Cowboys go 3-0 against divisional foes, putting them in prime position to at least win the NFC Wild Card, if not overtake the Philadelphia Eagles to win the NFC East. The Cowboys are a value NFC bet now.
Am I concerned that Dallas has just a nine-point differential on the season? Yes, but they survived without Prescott, and his looming return will help answer the biggest question surrounding the team. Rush was never meant to be a capable replacement, but he performed better than some full-time starters have over the last three weeks. For instance, Carolina and Indianapolis wish they had Rush instead of Baker Mayfield and Matt Ryan.
We’ll have to see if the defense can continue to be dominant after Dak’s return. They rank third in scoring right now thanks to the excellent play of stars DeMarcus Lawrence, Trevon Diggs, and Micah Parsons. But the offense has to do better, as their running game is averaging only 4.0 yards per carry, and the passing game lacks bite.
I think it’s worth sprinkling a partial unit on Dallas, just in case Tampa Bay doesn’t figure out their issues or if the Eagles suffer an injury. The NFC is open for business, and Dallas still has a talented roster to take advantage.
Falling Super Bowl 2023 Odds in Week 4
Denver Broncos (+3500)
At 2-2, the Denver Broncos are nowhere near being out of the playoff race, even if it sure feels as if they’re barely treading water. The Broncos lost a crucial AFC West matchup against the Raiders, and rusher Javonte Williams suffered a devastating torn ACL injury that will keep him out until 2023. It was a painful week that sobered the organization after winning two-straight close games.
The Broncos’ defense greatly disappointed for the first time all year. The Raiders found their groove finally, producing 212 rushing yards and passing for an efficient 173 yards. Denver had no way to slow Josh Jacobs and Davante Adams. Add in Melvin Gordon III’s fumble that was returned for a touchdown (the third time in 12 months that’s happened), and it’s easy to be especially pessimistic after Week 4.
I had high hopes for this Broncos team, but between Russell Wilson’s uneven play and his questionable effect on the benign offensive play-calling and design, the cascading injuries, and lack of identity, it’s hard to buy into this team. The lack of flashes of even a good offense is shocking. How Nathaniel Hackett hasn’t even been able to replicate what Seattle did with Wilson has been the single biggest disappointing aspect of the first month of the season across the league.
Maybe Denver can find their footing before it’s too late, but they need to create more explosive plays in a hurry before their AFC peers pass them by.
Cleveland Browns (+6000)
Cleveland, what on Earth was that performance against the Atlanta Falcons? This felt like a trap game as the Browns were without both Myles Garrett and Jadeveon Clowney due to injuries. But this was a slop fest that Cleveland still should’ve won. They had to come out of their first month with at least three wins, and they should’ve had four.
Instead, they’re 2-2 and about to face the Chargers, Patriots, Ravens, and Bengals before playing Miami, Buffalo, and Tampa Bay after their Week 9 bye. The Browns’ playoff chances depend on their ability to pull out three wins in that stretch before Deshaun Watson returns in Week 13.
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Losing this one hurts badly. The Browns allowed the Falcons to control the game on the ground, as Atlanta literally abandoned the passing game in the second half. Tyler Allgeier and Caleb Huntley led an attack that totaled 202 rushing yards and two scores, including a 14-play sequence without a pass that led to 10 points. It was an embarrassing performance by a very good defense.
Cleveland should immediately sign Ndamukong Suh to bolster their defensive tackle rotation. They can’t expect to continue competing with such a massive hole at the position, and Suh is a perfect piece to walk into the position and log 60% of snaps or more. Short of that, the Browns may lose their season despite being one of the best running teams we’ve seen in the last decade.
Indianapolis Colts (+6000)
This Colts offense stinks, and they’ll be a lot worse off if Jonathan Taylor misses a significant amount of time with his ankle injury. The trade for Matt Ryan hasn’t helped their ability to stay in rhythm as expected, since their receiving crew simply can’t fit into the same style of system. As strange as it feels to say it, this group of receivers was more fitted to Carson Wentz than Ryan.
Where does that leave a team that beat Kansas City in Week 3 but lost to Tennessee in Week 4? They’re at a weird crossroads at 1-2-1. On paper, the Colts were the better team in Week 4 as they outgained the Titans 365-243 yards. But the Colts were down 24-3 in the second quarter and completely died after the seven-minute mark in the third quarter.
I don’t think there’s a fix for the Colts, barring a trade for a second impact receiver (Allen Robinson II or Marvin Jones Jr., anyone?). Indianapolis’ offensive line hasn’t been nearly as effective as in prior seasons. Until that changes, this Colts team is dead in the water.