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NFL Preseason Week 3 games are in the books. We’ve got more than a week before the NFL kicks off their 2021 season. With that in mind, check out an updated Super Bowl odds analysis.

Updated Super Bowl Odds After Preseason Games

Super Bowl LVI

When: Sunday, Feb. 13, 2022
Where: SoFi Stadium, Inglewood, CA
TV / Streaming: NBC

Super Bowl LVI Odds

After three preseason games, Kansas City and Tampa Bay are ready but still offer underlay odds

The Kansas City Chiefs and Tampa Bay Buccaneers had decent preseasons. Neither team dominated in the way we might expect. Both answered the most important question heading into the practice games.

The Chiefs have a new offensive line. If the line protects Patrick Mahomes as well during the regular season as it did during the preseason, KC should make the playoffs.

But making the playoffs doesn’t mean the Chiefs are a good play at +450. The odds remain underlaid. Wait for KC to lose at least a game and the odds to rise before backing Mahomes and his mates.

Tampa Bay isn’t a good play at +550 even though they appear ready to defend their 2021 Lombardi Trophy. The defense should be one of the top three units in the league while Tom Brady looked great in the Bucs’ final preseason game.

Saints may be an overlay if Winston cuts down on turnovers

After Jameis Winston provided a marvelous showing against the Jacksonville Jaguars, New Orleans coach Sean Payton declared the former Heisman Trophy winner the Saints’ Week 1 starter.

Winston not only played better than backup Taysom Hill, but he threw a couple of touchdowns to Marquez Callaway. There’s a good chance Michael Thomas is on the bench on Sep. 12, which means Callaway becomes New Orleans’ WR1.

Winston’s and Callaway’s rapport could be a big deal. If Winston cuts down on turnovers, and he should under Payton’s watch, the Saints may be an overlay at +2800.

So if you believe, jump on the odds as soon as possible because if New Orleans upsets Green Bay in their first game, the odds could dive at least 500 to +2300.

Dallas has shown nothing, making them the biggest underlay on the board

In four preseason games, the Cowboys have shown nothing to imply they beat the New York Giants or Washington Commanders and win the NFC East.

Heading into NFL Week 1, the Boys are at +2200 to win the Super Bowl. The Giants offer +6600. The WFT offers +4000.

If you’re willing to back Dak Prescott’s return from an injury and believe the Cowboys’ defense was playing possum in their preseason games, by all means, accept the +2200 odds. But from where we are, Dallas offers the most underlay odds.

Injury bug has hit the Rams early, which means if you like LAR, strike now

The Rams not only went 0-3 during the preaseason, but they also have suffered injuries to their first string and third string running back. Los Angeles made a trade for former Patriots’ starter Sony Michel.

A’Shawn Robinson, Leonard Floyd and Darius Williams are also banged up, which is why we see some softness in LAR’s Super Bowl odds. At +1300, the Rams offer better odds than the Ravens, Bills, and 49ers.

San Francisco is in the Los Angeles Rams’ division, which means if you believe in LAR, now is the time to back them. Nobody on the Rams’ injury report should miss more than a game, and there’s a good chance every injured player suits up for Week 1.

So if you like the Rams to win the Super Bowl, consider going for it. The odds may not rise higher than the current +1300.

Broncos’ Super Bowl odds may be fair

After Denver’s first preseason game, Super Bowl odds on the Broncos dropped from around +3300 to +2200. Denver’s odds are now at +1800.

At first, the odds appear terribly underlaid. After all, Denver didn’t make the playoffs last season and the Broncos play in the same division as the Kansas City Chiefs.

But after studying the preseason games, it’s obvious someone with a lot of football knowledge backed the Broncos with real dollars. Denver’s defense could be the best in the league this season.

Not only that, but at the skill positions, Denver is set. Melvin Gordon II and Javonte Williams are solid first team running backs. The wide receiver corps is tight with Courtland Sutton, Jerry Jeudy, and KJ Hamler.

Noah Fant is a first-round tight-end draft pick. The offensive line is stacked and both Teddy Bridgewater and Drew Lock are legit starting quarterbacks.

It may be time to eat crow when it comes to the Denver Broncos. The +1800 odds on the Ponies are more than fair. Who knows? After the first month, Denver could be 4-0, which would make the +1800 a gift.

I have read enough, I need to place my bet now. What to do?