Updated Super Bowl Odds After NFL Week 5: Chiefs Still The Favorites?

• BetOnline’s latest Super Bowl odds still have the Chiefs (+400) favored despite their 40-32 loss to the Raiders in Week 5
  
• Russell Wilson and DK Metcalf’s unstoppable connection make the Seahawks a strong Lombardi bet at +750
  
• The Patriots (+3300) deserve far more respect considering the greatness of both their quarterback and coaching staff
  

Following their 42-16 blowout of the Bills in a rare Tuesday night football game, the 4-0 Tennessee Titans joined Green Bay (4-0), Seattle (5-0) and Pittsburgh (4-0) as one of the NFL’s four remaining unbeaten clubs.

Despite their unblemished records, however, these four teams all sit below Kansas City (+400) and Baltimore (+500) on BetOnline‘s board of Super Bowl favorites. Let’s check the latest odds and identify some potential values heading into Week 6.

SUPER BOWL CONTENDERS

After dropping Kansas City‘s Super Bowl odds to 10-1 last year after Patrick Mahomes’ knee injury, oddsmakers are being extra careful this season, keeping the Chiefs at +400 despite their upset-loss to the Raiders in Week 5. Baltimore‘s odds slipped to +650 following their 34-20 loss to KC in Week 3, but are back at +500 after a 27-3 beatdown of Cincinnati.

At the moment, it’s hard not to prefer a +750 bet on Seattle and NFL MVP frontrunner Russell Wilson. Orchestrating an epic 27-26 comeback against the Vikings on Sunday night, Mr. Unlimited connected with star receiver DK Metcalf on fourth-and-goal to improve the Seahawks record to 5-0 for the first time in franchise history. While the Seahawks’ defense leaves mush to be desired, the Wilson-Metcalf connection is the best the NFL has seen in over a decade.

ABSOLUTELY. MAGICAL.@DangeRussWilson to @dkm14 at JUST the right time!! #Seahawks | NBC pic.twitter.com/KlWBNrqYmY

— Sunday Night Football (@SNFonNBC) October 12, 2020

The Saints (+1200) seem badly overpriced after barely escaping with a 30-27 overtime win against the Chargers on Monday Night Football. While New Orleans can only hope that Drew Brees’ arm magically regenerates itself over their coming bye week, Aaron Rodgers and the Packers (+1000) will head to Tampa Bay (+1600) for a must-see Sunday matchup that’s sure to have a big impact on next week’s Super Bowl odds.

UNDERVALUED TEAMS

It’s easy to understand why a perpetual laughing-stock like the Browns (+3300) wouldn’t get any respect, but since an embarrassing 38-6 season-opening loss to the Ravens, Cleveland has grounded and pounded their way to four straight Ws over the Bengals, Redskins, Cowboys and Colts.

If Kevin Stefanski’s club can escape Pittsburgh (+1400) with a win on Sunday, expect the Browns odds to shorten significantly next week.

Baker Mayfield Makes History: Tied With Big Ben For Most Wins Ever At Browns Stadium https://t.co/Dve30w62Go pic.twitter.com/hFMzmgciXp

— Barstool Sports (@barstoolsports) October 12, 2020

Not to sound like a broken record, but New England is an incredible value at +3300. Do you really believe Bill Belichick only has a 33-1 chance to win his seventh Lombardi Trophy?

While the Patriots are sitting at 2-2 after their game against the Broncos was pushed back a week, those two losses were against arguably the best two teams in the league, Seattle and Kansas City, and the defeat against the Chiefs was largely due to having to start Brian Hoyer following Cam Newton’s COVID-19 diagnosis.

Considering they have a rejuvenated Cam and the best coaching in the league, there is no better value in all of sports than a 33-1 bet on the Patriots to win yet another Super Bowl.